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.120 minutes
For NACA Qualified Members. Join NACA's HOME AND NEIGHBORHOOD DEVELOPMENT (HAND) department for learn about NACA's property eligibility guidelines. HAND works to qualify a pre exisitng property and ensure the home fits within the same affordability a Member was qualified for.120 minutes
For Closed Rehab Members, join HAND for a post close rehab escrow next steps presentation. HAND will discuss the requirements and guidelines for a NACA rehab providing step by step instruction on how to get a project approved to start and successfully completing all repairs, per the terms of the loan.120 minutes
Get an overview of the NACA Purchase program. Become familiar with the mortgage product and eligibility requirements. Learn about all the steps to the process and they involve.120 minutes
Get a walk through of the documents needed for submission and the NACA Web-File. Understand what to expect from the program based on your individual circumstances.120 minutes
Close your home! Learn about the timeline to close in NACA’s streamlined closing process. Understand the various roles, requirements and who to communicate with during this critical time. Understand potential lender conditions and how to avoid any roadblocks or delays.120 minutes
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.120 minutes
Understand how to use your action plan and overcome any roadblocks to NACA Qualification. Get an overview of everything that goes into qualifying for the NACA mortgage, from document requirements, minimum required funds, pay history and compensating factors, and more.120 minutes
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.
Though NACA has shifted its focus to providing access to its mortgage product with its Achieve the Dream tour, NACA continues to provide the same benefits to those homeowners that today struggle with an unaffordable mortgage. Click here to learn more about the NACA HomeSave program.