(Jamaica Queens, NY) More than 3,000 people attended the first day of NACA’s five-day “Achieve the Dream” homebuyer to access extraordinary homeownership opportunities with NACA’s Best in America Mortgage program.
NACA (Neighborhood Assistance Corporation of America), the nation’s largest HUD certified, non-profit housing counseling and community advocacy organization, has brought a massive homeownership event to Jamaica, Queens through Monday, July 1st. The Achieve the Dream event will bring thousands of people to take advantage of NACA’s program that eliminates the barriers to homeownership for low to moderate income and minority buyers.
More than 350 people were waiting at the door when the event opened at 8:00 am Thursday. By 9:00 am the number had tripled, and nearly 1,000 people filled a small stage area, eagerly waiting for NACA regional operations manager Shawn Cunningham to begin a seminar that would be the first step in the journey to homeownership. Others who had already begun the process were speaking to counselors face to face or remotely by videoconference.
NACA Founder and CEO Bruce Marks welcomed the group, saying, “This is a one-stop mortgage operation that provides an incredible opportunity to become a homeowner with no down payment, no closing costs, no PMI, no consideration of credit score, and the ability to permanently buy the rate down to nearly zero from an already below-market fixed rate. (3.5%-30 year/2.875%-15 year as of 6/27/19) Everyone gets the same terms, which is something absolutely no one else does.”
Bank of America has committed $10 Billion to the NACA mortgage. Dozens of NACA counselors and underwriters will be on-site at the event to approve many homebuyers in one day for the NACA Mortgage.
The New York City Achieve the Dream event runs now through Monday, July 1st from 8:00 AM to 8:00 PM each day. Tens of thousands of people have attended the 17 previous Achieve the Dream events across the country, which have destroyed the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals on a large scale. (click for CNBC story)