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rc_kowal · Joined: 06 May 2007 Posts: 2 3.22 Dollars($)

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:

"https://www.naca.com/index_main.jsp"

jerry

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.

Guest

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.

Christopher Oakley

rc_kowal · Joined: 06 May 2007 Posts: 2 3.22 Dollars($)

Thanks for replying Jerry & Christopher. That's helpful information.

Is the NACA homeownership program some thing new?

Regards

miller_st · Joined: 17 Jan 2007 Posts: 918 168.95 Dollars($)

sagarthakar · Joined: 15 May 2007 Posts: 71 27.67 Dollars($)

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

Guest

I need some details about the NACA homeownership program.

miller_st · Joined: 17 Jan 2007 Posts: 918 168.95 Dollars($)

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

Guest

How much will this process cost?

adonis · 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?

Guest

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.

adonis · 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.

Guest

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??

Posted: Mon May 18, 2009 12:28 pm Post subject:

what is NACA?

jameshogg · Posted: Mon May 18, 2009 10:35 pm Post subject:

Hi,

To JayJay,

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.

Thanks

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NACA programs - Are they really helpful?