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
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.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
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.90 minutes
NACA does not require mortgage insurance. Mortgage insurance is paid by homeowners without providing them with any benefit. It protects the lender and even encourages the lender to foreclose sooner to reduce their risk of loss.
Nevertheless, there should be insurance to protect Members in case their circumstances change and they cannot pay their mortgage payment. Rather than through private insurance, NACA achieves this through its Membership Assistance Program ("MAP") which includes financial assistance for struggling homeowners and other types of assistance where appropriate.
Homeowners who are behind on their NACA mortgage should contact NACA's MAP department at 281-968-6222.