Unable to Qualify for a Mortgage? Now You Can!

The Neighborhood Assistance Corporation of America (NACA) offers very low-interest, flexible mortgages, often with NO down payment requirements, to homebuyers across the country. The NACA program focuses on families who could not access conventional financing, borrowers that have credit problems, or no credit history, and borrowers that do not have substantial savings or income. NACA works with low- and moderate-income buyers for as long as it takes to qualify for a mortgage, provides hands-on assistance throughout the buying process, and also provides post-purchase services that may include financial assistance with mortgage payments, if needed. The organization offers a comprehensive homebuying education and counseling at many of its office locations.

Mortgage financing is available for one to four family properties, condos and co-ops. These may be existing homes, new construction, or manufactured homes. A special program for the purchase of homes needing renovations is also offered. Mortgage interest rates are one point below market. Loans feature flexible underwriting terms. To be eligible for a NACA mortgage, a borrower must meet income guidelines, attend homebuyer education, and purchase a home that meets price limits. Contact Neighborhood Assistance Corporation of America, 3607Washington Street, Jamaica Plain, MA 02130; 888-302-NACA; www.naca.com)

 

Income Eligibility: family of 4 – $53,850. These income requirements are estimates and you should check with your local office to verify eligibility as many programs have exceptions and the income amounts change often and vary from location to location.

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The Matthew Lesko’s Club gives you access to resouces like this and helps you all the way with live libriarians, training videos and application help. All types of free money programs are covered, including help for low income grants .

 

Need help Finding  a government money program that meets your needs? Let Matthew Lesko show you how to use the free services inside the Government Money Club. Watch the video below to see how easy it can be to get started.