Purchase Product

NACA's Best in America Mortgage

One mortgage product
No down payment, closing costs or fees
Below market fixed-rate with option to buy-down to nearly 0%
Perfect credit, high income or savings are not required
Everyone gets the same extraordinary mortgage terms:

NACA is the best option particularly for people who have been discriminated against and those who have neither perfect credit nor substantial savings.

General Eligibility:

Member or anyone in the household cannot own another property when they close on the NACA mortgage.
Member must occupy the home as long as they have a mortgage obtained through NACA.
Members need to participate in whatever way they feel comfortable.
Members must adhere to NACA's policies and procedures.

Mortgage Terms:

Property Type

Single or Multi-Family owner-occupied principal residences, including units in Condos, Co-Ops, or Mixed-Use buildings. Properties may be existing homes, new construction or homes in need of renovation

Down Payment

None Required

Closing Costs

None - Lender pays

Term and Interest Rate

Below-Market Fixed Rates
30-year term: 2.125% APR or 15-year term: 1.75% APR
(APR subject to change and may not be available at lock-in or commitment)

Buy Down

Funds to Permanently Reduce Interest Rate
One percent of mortgage amount reduces the interest rate by one quarter of a percent (.25%) for 30 year mortgages and by half a percent (.50%) for 15 year mortgages. This is a tremendous added benefit.

Application Fee

None

Points and Fees