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Frank Coxx

Frank Coxx
Integrity Realty

980-307-5558
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NACA

NACA Down Payment Assistance Program

 

Purchase Program

NACA’s Best in America Mortgage

NACA is the best purchase program in America. NACA provides both comprehensive housing counseling and access to an incredible mortgage. NACA has over $13 Billion committed from some the country’s largest lenders with everyone receiving these extraordinary terms:

  • No Down Payment Requirement
  • No Closing Costs (lender paid)
  • No Points or Fees
  • No Income Maximum or Minimum
  • No Perfect Credit Required
  • No Credit Score Consideration – (approval based on individual circumstances)
  • No Private Mortgage Insurance

Who’s Eligible?

NACA’s mission is to provide affordable home-ownership to low-to-moderate-income people and communities. Thus access to NACA’s Best in America Mortgage is limited to low-to-moderate income people (“Priority Members”) and people purchasing in low-to-moderate income communities (“Priority Areas”). NACA’s eligibility is based on the median family income for a Metropolitan Statistical Area (“MSA”). Since NACA offices service a few MSAs each with different median incomes, you may be a Priority Member in one MSA and not in another. Also, check with the local NACA office to verify the purchase eligibility criteria, since there may be local adjustments to achieve NACA’s mission and affordable outcomes.

Your purchase price plus any repair escrow funds (i.e. for repairs to be completed after closing) cannot exceed your approved Maximum Mortgage Amount or the current conforming loan limits. The current limits are $453,100 for a single family home in most areas and $679,650 in high cost areas with considerably higher amounts for multi-family properties. (Click here for multi-family conforming loan limits).

NACA is the best option for people who have been discriminated against and those who have neither perfect credit nor substantial savings. Everyone who meets the below criteria receives the same extraordinary mortgage terms.

  1. Member or anyone in the household cannot own another property when they close on the NACA mortgage.
  2. Member must occupy the home as long as they have a mortgage obtained through NACA.
  3. Members need to participate in whatever way they feel comfortable.
  4. Members must adhere to NACA’s policies and procedures.
A.Priority Members – Low-to-moderate income Members (i.e. borrowers and co-borrowers) whose combined income is less than the median family Income for the MSA where they are purchasing a home (Click here for median income).Priority Members can purchase any property within a MSA within the conforming loan limit.
 
B.Non-Priority Member – Members (i.e. borrowers and co-borrower) whose combined income is equal to or greater than the median family income for the MSA where they are purchasing a home. Non-Priority Members can only purchase in a MSA’s Priority Area with loan and required repairs within the conforming loan limit.
 

Getting Started

The first step in the purchase process is to attend a NACA Homebuyer Workshop which is open and free to everyone. Every NACA office provides a number of workshops each month with additional workshops provided in the Charlotte & Surrounding areas.If you are ready to move forward just click the button below and someone will contact you to get started and set up with the program.


Frank Coxx
Integrity Realty

Phone: 980-307-5558
Email: fcoxx@integrityrealtyclt.com

Testimonials

Frank is very knowledgeable in his line of work. He went to bat for me and my fiance during our homebuying experience. Frank is someone that I know would make the most appropriate decisions with the client's best interest in mind. With all his experience, hard work and dedication, you could not go   wrong if you choose him as your agent!! Thanks Frank, and we are loving our new place!!! Shakiya Mckenzie
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