NACA’s Best in America Mortgage

  • One mortgage product
  • No down payment, closing costs or fees
  • Below market fixed-rate with option to buy-down to nearly 0%
  • Perfect credit, high income or savings are not required

NACA is the best option particularly for people who have been discriminated against and those who have neither perfect credit nor substantial savings.

General Eligibility:

  • Member or anyone in the household cannot own another property when they close on the NACA mortgage.
  • Member must occupy the home as long as they have a mortgage obtained through NACA.
  • Members need to participate in whatever way they feel comfortable.
  • Members must adhere to NACA’s policies and procedures.

Mortgage Terms:

Property Type

Single or Multi-Family owner-occupied principal residences, including units in Condos, Co-Ops, or Mixed-Use buildings. Properties may be existing homes, new construction or homes in need of renovation

Down Payment

None Required

Closing Costs

None – Lender pays

Term & Interest Rate

Below-Market Fixed Rates

For low-to-moderate income people and communities:

15-year term: 5.625% APR
30-year term: 5.875% APR

For higher income people:

15-year term: 6.625% APR
30-year term: 6.875% APR

(APR subject to change and may not be available at lock-in or commitment)

Buy Down

Funds to Permanently Reduce Interest Rate
One-and-a-half percent of mortgage amount reduces the interest rate by one quarter of a percent (.25%) for 30 year mortgages and one percent reduces by one quarter of a percent (.25%) for 15 year mortgages. This is a tremendous added benefit.

Application Fee


Points and Fees


Credit History

Perfect Credit Not Required
Member’s personal payment history evaluated without consideration of his/her credit score.

Private Mortgage Insurance (PMI)

None – As a NACA Member you do not pay private mortgage insurance (PMI) which only protects the lender. You have access to NACA’s comprehensive post-purchase program through the Membership Assistance Program (MAP), free of charge for as long as you have your NACA mortgage.