ybrew

What can you tell me about NACA?

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I have a couple of questions to those are familiar about the NACA programs.

First off, I would like to say the program sounds really good, almost too good to be true.

1. What happens after you complete the NACA program and you have moved into your house, and for some reason a year or two down the road you do not complete the 5 activites or events within a year, do they access a fee or fine or what?

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I think they throw trash in your yard.

Actually, that's a great question. I didn't stick around for the full seminar because my house is more expensive than their max, so I never got a chance to ask that question. I'm curious about the answer though.

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The program is too good to be true and I am gald that such a program exits. I am currently building my home through NACA with a 5.25 interest rate in TX. There were no income or location requirements. I am just waiting on my home to be completed so I can close. I also got the builder to give the preferred lender incentives because I was approved via Bank of America. (Generally, the only give the incentives if you go through their lender)

It's on an honor system. However, considering that they provide you with such a great interest rate I find that it’s just a small price to pay. A person spoke at the workshop I attended for 10 mins and that was considered a volunteer activity.

Excellent program; I would recommend it to anyone

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The program is too good to be true and I am gald that such a program exits. I am currently building my home through NACA with a 5.25 interest rate in TX. There were no income or location requirements. I am just waiting on my home to be completed so I can close. I also got the builder to give the preferred lender incentives because I was approved via Bank of America. (Generally, the only give the incentives if you go through their lender)

It's on an honor system. However, considering that they provide you with such a great interest rate I find that it’s just a small price to pay. A person spoke at the workshop I attended for 10 mins and that was considered a volunteer activity.

Excellent program; I would recommend it to anyone

I was thinking speaking at a meeting would count towards one of the 5 activities. If I were going through NACA, i'd do that, as well as administrative stuff to make the seminars successful (phone calls, emails, letters to folks signed up for seminars) and that type of stuff.

No way would I consider participating in any protests though.

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I believe NACA does NOT use FICO scoring to determine a qualification for a loan.

I just attended a meeting last week. I was planning to refinance with them, but am currently working with a few lenders. Our current mortgage is below the 10% minimum that you must be at to REFI, so I don't know if we can qualify. The workshop was very imformative though, and my sister is planning to buy a home through them. It was worth the time spent, although we hit the casino on the way home and I lost 40 bucks! LOL! I do have the NACA book, so if anyone has any questions about the program, I can look it up for you! Just send me an email or post it on the forum.

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