Get an overview of everything that goes into qualifying for the NACA mortgage, from document requirements, minimum required funds, pay history, compensating factors, and more. Also, understand how to use your action plan and address any roadblocks to NACA Qualification.
NACA's Real Estate Department (RED) invites new agents to the next 'Introduction to NACA' webinar. The live 2-hour presentation will offer insight and guidance on how to access America's Best Mortgage as a professional real estate agent in your market.
For NACA Qualified Members. Join NACA's HOME AND NEIGHBORHOOD DEVELOPMENT (HAND) department to learn more about NACA's property eligibility guidelines. HAND is responsible for qualifying preexisitng property types by assessing a property's condition to determine if it fits within a Members overall affordability.
Receive essential information for the homebuying process. Topics include: housing search, identifying and working with a real estate agent, keeping your file updated, how to use the NACA mortgage calculator, common errors in the Purchase and Sales contract, requirements for Credit Access approval, submission of your bank application, and more.
During the mortgage crisis, NACA established the national standard in providing same day solutions for over 250,000 homeowners facing foreclosure at our "Save The Dream" events.
NACA's Save the Dream events achieved what Congress and the Administration refused to do - make mortgages affordable for those at risk of foreclosure and help retain ownership of their homes.
From 2008 to 2015, NACA toured the country - nearly 150 events - and provided a solution to permanently reduce mortgage payments for struggling homeowners by hundreds or thousands of dollars per month, with interest rates reduced by 3% or 2% and sometimes a principal reduction. A significant portion of homeowners received a permanent restructure the same day.
NACA achieved these results through legally binding contracts with all of the major lender/servicers, including Fannie Mae and Freddie Mac to make mortgages affordable. And all services provided were free to struggling homeowners.
NACA has shown that permanent modifications are possible when you provide lenders with the proper tools and require them to make mortgages affordable.