Posted: Sun May 06, 2007 7:38 am Post subject: NACA programs - Are they really helpful?
Can anyone shed light on an organization named Neighborhood Assistance Corporation of America? Are they legitimate & helpful or just a bunch of hype? See the link:
Posted: Sun May 06, 2007 10:17 pm Post subject: RE: about Naca programs
Hi Rckowal,
Welcome to the forums.
As much as I now, NACA programs are designed in a way to help the subprime mortgage victims who have gone through defaults and delinquencies. NACA is organizing seminars and conferences to help such victims. Under the NACA programs, one would be able to get property renovation assistance as well.
The Home and Neighborhood Development ("HAND") Department of NACA is in charge of the repair issues. It judges the repair issues and provides assistance throughout the renovation process. Membership Assistance Program (MAP) of NACA provides counseling for Members who are delinquent on their mortgage payments. They also help in establishing payment agreements with lenders and provide financial assistance so that the borrowers can avoid foreclosure.
Thanks,
Jerry.
Christopher Oakley Guest
Posted: Mon May 07, 2007 12:10 pm Post subject: NACA homeownership program
They also have mortgage programs for first time buyers as well as who are looking to refinance. The important thing is that their NACA homeownership program has no down payment or closing cost requirement. There are NACA programs which help people with bad credit to get loans.
Posted: Tue May 08, 2007 5:09 pm Post subject: Re: About NACA program
Quote:
Thanks for replying Jerry & Christopher. That's helpful information.
Is the NACA homeownership program some thing new?
Regards
NACA began in 1988 in Boston as the Union Neighborhood Assistance Corporation (UNAC) and roughly five years down the line this home ownership program came into existence. NACA has made the homeownership dream a reality for a large number of people by counseling. NACA programs have helped borrowers with poor credit to purchase a home or refinance a predatory loan. The terms and conditions offered by NACA are far better compared to other lenders.
Posted: Thu May 24, 2007 9:11 am Post subject: NACA program
Miller is absolutely right abt NACA, somewhere in mid 2006 Countrywide had launched some NACA programs ex : House America Loan Program, but soon they discontinued but yes they had some 4-5 loan programs.
Regards
Sagar
eric dfp Guest
Posted: Thu Jun 28, 2007 5:39 pm Post subject: NACA program
I need some details about the NACA homeownership program.
Posted: Thu Jun 28, 2007 5:46 pm Post subject: RE: NACA homeownership program
Hi Eric,
NACA programs have some very good features such as:
1. No closing costs
2. No PMI
3. No down payment
4. No application fees
5. Need not have perfect credit
It has low rates which are 1% below market rates. The current rate for their mortgage is at 6% for the fixed 30 year mortgage. You can read more about it from here: https://www.naca.com/about_naca/purchaseOverview.jsp
Miller
sindu Guest
Posted: Sun May 10, 2009 4:56 pm Post subject: How much will this process cost?
Posted: Sun May 10, 2009 10:35 pm Post subject: cost of NACA program
Hi sindu,
Which process are you speaking about? Are you speaking about the cost of NACA programs? _________________ Procrastination is the enemy of your financial sucess
Rhuel P. Worrell Guest
Posted: Wed May 13, 2009 6:29 am Post subject: Loan modification
I am seeking information on loan modification, I am a Cambridge home owner, but I am currently experiencing serious challenges making my mortgage payments. I would appreciate it if you could help me or direct me to on organization where they would be able to help me I would be very appreciative.
Thanks
Rhuel.
Posted: Wed May 13, 2009 11:04 pm Post subject: NACA programs
Hi Rhuel,
You need to contact your lender and apply for a loan modification. A loan modification will be available to you only if you are delinquent on your mortgage payments. You can even check out with NACA. There are certain NACA programs which help in modifying the loans. Check out if NACA is planning to organize a loan modification event in your state. _________________ Procrastination is the enemy of your financial sucess
JayJay671 Guest
Posted: Mon May 18, 2009 10:02 am Post subject: NACA member
I would like to have my home listed for sale on Naca's listing. And at the same time be a Naca member. Is this Possible??
Guest
Posted: Mon May 18, 2009 12:28 pm Post subject:
what is NACA? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
You need to contact NACA to know whether you can list your home or become a member of NACA. You can check out the given page for their contact details - "naca.com/about_naca/nacaContact.jsp"
To Guest,
To know about NACA, check out the above posts of Jerry, Christopher and Miller.
rc_kowal
