NACA’s Achieve the Dream Event Provides Free Same Day Mortgage Pre-Approvals for NACA’s Best in America Mortgage
(BALTIMORE, MD) – On Thursday April 19e at 11:00 a.m. at Radisson Hotel Downtown Inner Harbor, 101 W Fayette Street in Baltimore, NACA, the nation’s leading homeownership organization, will announce the most effective and unprecedented home buying event available to would-be homeowners. There will be a caravan visiting a number of NACA homeowners demonstrating the effectiveness of NACA’s homebuyer program. Also participating will be political and community leaders.
A week later, NACA’s Réalisez le rêve event kicks off at 8am Thursday, April 26e through April 30e at the Radisson Hotel Downtown Inner Harbor. Thousands of prospective homeowners from the Baltimore-Washington metropolitan area are expected to attend the event for a chance to get a same day mortgage pre-approval for NACA’s Best in America mortgage. The Réalisez le rêve event is a one-stop mortgage operation with workshops, one-on-one comprehensive counseling and underwriters to approve/pre-approve borrowers for a NACA mortgage.
NACA’s mortgage is extraordinary as it features no down payment, no closing costs or fees and no private mortgage insurance. Everyone receives a below market interest rate and perfect credit is not required. The interest rate can also be bought down to virtually zero. Bank of America and CitiMortgage have committed over $13 billion dollars to this mortgage program, and participants can buy homes anywhere in their area. The cost of significant repairs or renovations can also be built into the mortgage. Single and multi-family homes and condos are all eligible.
NACA, the nation’s largest HUD-certified non-profit organization, is expected to counsel thousands of Baltimore-Washington area residents during the event. Most expected to attend will be first time home buyers, with low and moderate-income.
“Affordable housing is an issue in the DC, Maryland and Virginia areas, especially for working people,” said NACA CEO Bruce Marks. “Our Réalisez le rêve events open the floodgates to those blocked from the dream of affordable homeownership. Many will be pre-approved for a NACA mortgage during the event and many more will be on the road to homeownership and the building of personal financial security”.
Over 10,000 began their path to home ownership during recent Réalisez le rêve events in Charlotte, NC and Miami, FL:
NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership. Bruce Marks has been featured in the New York Times: Le champion des acheteurs de maison and on CNN: Le combat d'un homme contre les saisies
À propos de la NACA (www.naca.com):
NACA, Neighborhood Assistance Corporation of America, is one of the largest HUD certified counseling agencies with more than two million members and 47 offices nationwide. NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers who come through NACA. See Bostonian of the Year. He has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com.
For a list of required documents individuals should bring to the event and to register, visit www.naca.com or call (281) 968-6222. Walk-ins are welcomed.