Purchase Product

The Best Purchase Product in America

PURPOSE:
       Purchase
Purchase & Rehab
DOWN PAYMENT:
  None
CLOSING COSTS:
  None (lender pays)
INTEREST RATE:
  Below market
TERM:
  30 year or 15 year
BUY-DOWN:
  Funds to Permanently Reduce Interest Rate
One percent of mortgage amount reduces interest rate by one quarter of a percent (.25%) for 30 year mortgages and by half a percent (.50%) for 15 year mortgages. This is a tremendous added benefit.
APPLICATION FEE:
  None
POINTS & FEES:
  None
CREDIT HISTORY:
  Perfect Credit Not Required
Member’s personal payment history evaluated without consideration of his/her credit score.
P.M.I:

(Private Mortgage Insurance)

  None
 

(Neighborhood Stabilization Fund)

  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.