NACA Product

TODAY’S RATES

  • 3.625%
    30 year rate
  • 2.875%
    15 year rate

The Best Purchase Product in America

PURPOSE:

Purchase
Purchase & Rehab

DOWN PAYMENT:

None

CLOSING COSTS:

None (lender pays)

INTEREST RATE:

Below market

TERM:

30 year or 15 year

BUY-DOWN:

Funds to Permanently Reduce Interest Rate
One percent of mortgage amount reduces 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 & FEES:

None

CREDIT HISTORY:

Perfect Credit Not Required
Member’s personal payment history evaluated without consideration of his/her credit score.

P.M.I.:

(Private Mortgage Insurance)

None

Membership:

(Neighborhood Stabilization Fund)

None
As a NACA Member you do not pay private mortgage insurance (PMI) which only protects the lender. You have access to NACA’s comprehensive post-purchase program through the Membership Assistance Program (MAP), free of charge for as long as you have your NACA mortgage.