What is the NACA?

by admin on February 24, 2009

The Neighborhood Assistance Corporation of America (NACA) is a non-profit HUD certified counseling agency. If you have questions about your home, foreclosure, loan modifications or have similar questions – then you should consider heading on over to their website. NACA’s primary goal is to:

Build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership.

NACA strives to get working people access to prime rate loans so they can enjoy the benefits that come along with home ownership. NACA is located in over 30 cities nationwide and has successfully fought against many unscrupulous lenders – with the overall goal of transparency and consumer rights, so you can get access to fair loan that you can afford.

To receive free NACA services, you must become a member and fill out a membership application form. In addition you must attend a free housing workshop. This 4 hour workshop will teach you about the NACA advantages and the process you go through to either purchase your new home or refinance your existing residence. Most workshops are held twice a month on a Saturday in a major city, check the site to see when the next housing workshop is being offered. You also need to become a NACA advocate and accept their pledge:

Participation Pledge

I understand that community advocacy is the major reason that NACA can provide America’s Best Homeownership Program including free individualized comprehensive housing services to its Members. I embrace NACA’s mission to revitalize communities, address financial exploitation, promote economic justice, and eliminate predatory and discriminatory lending practices.

I therefore pledge to stand with NACA in pursuit of this mission. I will participate in at least five actions and activities a year, such as neighborhood outreach, rallies, demonstrations and public education during my home buying process and for as long as I have the loan I obtained through NACA.

After you’ve completed the necessary steps, you are officially a NACA member and qualify for all of their free housing services. You can take advantage of personalized counseling that can help you throughout the mortgage process. A dedicated consultant will help you understand all the terminology and jargon so your know exactly what you’re getting into when you sign up for your new home loan.

Consider taking advantage of financial and credit consultations. Your consultant will work with you to help you figure out how much house you can afford, so you don’t get stuck paying $5,000 a month on your mortgage when you only bring home $3,000 a month. Look into credit counseling so you can review your free annual credit report and help take care of any oustanding credit issues that you might have.

The next step is to get NACA qualified. With NACA qualification you can then move on to determining how much house you can afford – a critical prerequisite to purchasing a home. Attend a Purchase Workshop and learn useful information that will guide you during the purchase process. You can even get assistance in looking for your home from your consultant, NACA is there with you every step of the way!

Eventually you’ll move on to the mortgage application process, the great thing about this is because you’ve worked with a NACA consultant the whole way, your application is almost always approved because they help you work out the kinds ahead of time. Finally you will go through the closing process and your consultant will be right there available for any questions you might have as you meet with the selling real estate agent, put your money into escrow and then get the keys to your new house!

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