Through Home Ownership
The Neighborhood Assistance Corporation of America (NACA) is a national non-profit community advocacy and housing services organization. NACA has been a leader in the fight against discriminatory and abusive lending that has devastated families and communities. As a result of the advocacy, NACA can offer the best mortgage in America with: NO DOWN PAYMENT, NO CLOSING COSTS, NO FEES, NO POINTS, NO PERFECT CREDIT REQUIRED AND A ONE PERCENT (1%) BELOW MARKET INTEREST RATE (the lowest fixed rate in the mortgage industry).
NACA has over $10 billion committed to its Best in America home ownership program. The NACA mortgage is a revolutionary product that can be used for:
- Purchase financing to buy an existing home, new construction,condo, multi-family property or a mixed-use property.
- Rehabilitation financing to purchase and renovate a property.
- Refinancing for people saddled with a loan with 10% or higher interest rates or adjustable rate loans that will exceed 10% interest rates.
Borrowers must live in the property as the primary residence as long as they have the NACA mortgage, which supports the neighborhood stabilization mission through owner occupancy. And the homeowner must participate in five actions or activities
a year in support of NACA's mission. NACA is located at 4011 W. Capitol Dr. Suite 100. Additional information is available on the web at www.NACA.com or by calling 442-6222.