(Orlando, FL) Thursday, February 14th NACA, the nation’s largest HUD certified non-profit housing counseling organization, will begin its Orlando four day “Achieve the Dream” mortgage event at the Park Inn Radisson, 311 Maingate Lane, Kissimmee, FL 34747. A press conference will take place at the event with hundreds of homebuyers, NACA and Bank of America executives, and political and community leaders to highlight the extraordinary homeownership opportunities provided during this massive homeownership event over four days.
Ten years after the beginning of the mortgage crisis, NACA is the one bright light in the disastrous lack of mortgage lending for low to moderate-income and minority borrowers. Thousands will attend the Achieve the Dream event because their families, friends, co-workers and neighbors around the country have told them that NACA is the go to organization to achieve affordable homeownership (click for CNBC story).
The NACA program directly confronts the affordable housing crisis with the Mejor hipoteca en América that requires no down payment, no closing costs, no PMI, at a below market fixed rate and no need for perfect credit. During this one-stop mortgage operation homebuyers will attend a homebuyer workshop, meet one-on-one with a NACA Counselor, and have their file underwritten to be pre-approved for NACA’s extraordinary mortgage, often in one day.
NACA ofrece los mismos términos para todos los prestatarios, muchos de los cuales han renunciado a la propiedad de vivienda. Como dijo la revista Forbes en su comparación de las mejores hipotecas de bajo pago inicial, "Hay una excepción, NACA, que cobra la misma tasa independientemente del puntaje crediticio". Bank of America ha comprometido $10 mil millones al programa hipotecario NACA.
“The NACA Mortgage, without the need for a down payment or closing costs, eliminates the significant savings requirement that locks out many homebuyers in today’s market”, stated Bruce Marks, NACA’s CEO and founder. “In addition, NACA’s below market fixed rate with the ability to buy-down the interest rate with government assistance provides a monthly payment that makes it possible to purchase homes throughout region,” Marks continued.
The Orlando Achieve the Dream event runs Thursday, February 14th through Sunday, February 17th from 8:00 AM to 8:00 PM each day. The event is open to all prospective homebuyers, and NACA services are free of charge. Previous NACA Achieve the Dream events have been spectacularly successful with more than 5,000 participants at each one across the country and thousands of pre-approvals. These events have destroyed the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals on scale.
La suscripción de hipotecas de NACA no utiliza los criterios restrictivos e ineficaces de “préstamos basados en riesgo”. Los suscriptores de NACA evalúan a cada prestatario en función de sus circunstancias individuales, eliminando los pagos atrasados que no controlan y considerando factores compensatorios. Todos los prestatarios reciben los mismos términos extraordinarios:
- No se requiere pago inicial
- Sin costos de cierre (pagado por el prestamista)
- Sin cargos
- Préstamo a valor -100% para compra y 110% para compras con rehabilitación
- Sin consideración de puntaje crediticio
- Tasa de interés fija por debajo del mercado
- Plazo de 15 o 30 años amortizando íntegramente
- Reducción para reducir permanentemente la tasa de interés a prácticamente cero por ciento
- Fondos de compra y renovación disponibles
NACA already has an impressive track record. During the mortgage crisis, through NACA’s Save the Dream events over 250,000 homeowners were able to modify their unaffordable mortgages, often the same day. The Orlando Save the Dream events were incredible with tens of thousands of homeowners. Now, NACA’s Achieve the Dream events provide the same extraordinary outcomes for many thousands of homebuyers and continue to assist homeowners with an unaffordable mortgage.
The Achieve the Dream event is open to all prospective homebuyers. NACA services are free of charge and walk-ins are welcome.