Want to sell your East Bay Home? Get a FREE home value report
Want to buy an East Bay Home? Search all homes for sale
There is a wonderful opportunity for potential homeowners that we want to discuss briefly today.
NACA is a program that allows for either a 15-year or 30-year fixed mortgage. It allows buyers to finance a loan with no money down and a below-market interest rate. Additionally, there are no buyer’s closing costs or PMI associated with this product!
Anyone can purchase a NACA as long as they do not own a home at that time and they plan on living in the property for as long as they maintain NACA mortgage on the home. It’s a flexible program, as you can buy a single-family unit, condo, or an up to four-unit residential property. Another benefit of this loan is that there is no credit requirement to obtain it!
All NACA buyers go through a very detailed underwriting process. We verify their income, assets, liabilities, payment history, and their ability to afford the mortgage payment that they’re asking for before we give them an approval letter to go out shopping. In fact, it’s stronger than a traditional pre-approval letter from a lender! So, if you’re a seller who receives an offer from a NACA buyer, there is no need to worry!
The first step if you want to obtain NACA financing is to visit NACA.com. There, you can register for a free homebuyer workshop that is hosted two Saturdays every month! Of course, you can always reach out to us if you would like more information about this or any other real estate topic. We would love to hear from you!
