NACA

NACA’S FREE SERVICES

All of NACA’s services are free. In order for NACA to provide these free comprehensive services, we require you to become a Member, attend a workshop and to participate in advocacy. We will work with you for as long as it takes for you to become a homeowner.


NACA Workshop. All NACA Members attend this educational forum, which introduces them to the NACA Program and services and provides important information about real estate, housing, and the purchase process.
One-On-One Counseling. Every NACA Member has his or her own Mortgage Consultant to work with through the home purchase and mortgage process. The Mortgage Consultant will work with you for as long as it takes for you to qualify for a mortgage, locate and purchase a home.
Financial Counseling. The Mortgage Consultant will work with you to develop a realistic financial analysis that determines a purchase price you can afford while maintaining a comfortable standard of living.
Credit Resolution. The Mortgage Consultant will work with you to resolve any credit issues. This may involve correcting mistakes made by the credit bureaus and reporting companies. The Mortgage Consultant also addresses payment history problems and can assist you in developing and implementing a plan to re-establish and improve your credit. For some Members, this may take a period of time.
NACA Qualification (i.e. Mortgage Qualification). After developing a realistic financial analysis, resolving credit issues, demonstrating sufficient savings, and obtaining the documents necessary to be approved, you can be NACA Qualified. The Mortgage Consultant will determine the maximum purchase price you can afford based on a monthly payment that fits your budget, the current interest rate and the estimated taxes and insurance. NACA Qualification virtually assures that the lender will approve your mortgage application.
Purchase Workshop. NACA will provide you with information on the home purchase process, including valuable information regarding real estate. A NACA Buyer’s Broker/Agent (“Buyer’s Agent”) or NACA Referral Agent can assist you in your housing search.
House Hunting. Working with a Buyer’s Agent or another agent referred to you by NACA can help you find the home of your dreams and negotiate the best possible terms in the Purchase and Sale Agreement.
Property Evaluation. Once you select a home, it must be inspected. NACA reviews the home inspection to determine if the home meets NACA’s criteria or needs additional work. NACA may require that repairs or renovations be made. Repairs can be completed either by the seller or by you through NACA’s rehab program.
Mortgage Application. NACA requires that prior to submitting a mortgage application through NACA that you apply to NACA for credit and are approved – called NACA Credit Access. Once your application for NACA Credit Access has been approved, the Mortgage Consultant will take your mortgage application. Because of all the pre-application work, lenders approve virtually all mortgage applications.
Mortgage Process. The Mortgage Consultant will work with you to navigate the mortgage process and obtain a commitment letter. After the loan is approved, the Mortgage Consultant reviews the commitment letter with you and discusses any additional contingencies (conditions) specified by the lender.
Closing. The Mortgage Consultant will advise you about the insurance binder and pre-paid taxes, insurance, etc. due at the closing. The Buyer’s Agent or other real estate agent will be present at the closing and the Mortgage Consultant and NACA staff will be available to handle any last minute problems.
Membership Assistance Program (MAP). NACA provides counseling and financial assistance for NACA homeowners through the Membership Assistance Program which provides emergency financial assistance to prevent foreclosure, as well as providing staff who can provide financial counseling, payment plans, landlord training and other assistance in helping to avoid foreclosure.

To begin the homebuying process, check the NACA Service Regions to see if we service your neighborhood, and then sign up for a NACA workshop .