Buying or selling a home can often be challenging without someone with the proper knowledge and expertise to assist you. For more than a decade, Dockery & Associates has assisted hundreds of families with their real estate needs, whether buying or selling.
Our experienced team of real estate professionals not only has a very diverse background in buying and selling homes, but we are also in mortgage lending and financing. Our team remains up-to-date and current on industry trends and products.
For example, we are extremely knowledgeable about the Neighborhood Assistance Corporation of America mortgage program and have helped numerous clients navigate this unique program.
1. NACA is a nonprofit organization
The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA is the largest non-profit HUD certified organization with over forty-five offices nationwide.
NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. The organization is the largest housing services organization in the country.
NACA, through its counseling subsidiary, does about 30% of the total counseling in the country out of 1,800 HUD certified organizations. This comprehensive counseling and access to its Best in America mortgage, has established the standard for affordable homeownership for low-to-moderate income people.
2. NACA Invests in Working People
NACA has consistently shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers. NACA’s track record of helping people who have credit problems become homeowners or modify their predatory loan debunks the myth that high rates and fees are necessary to compensate for their “credit risk.”
NACA’s unprecedented mortgage program has set the national standard for assisting low- and moderate-income people to achieve the dream of homeownership.
3. NACA Members purchase their homes with NO down payment.
The innovative NACA mortgage allows NACA Members to purchase their homes with:
No down payment
No closing costs
No requirement for perfect credit
Below-market interest rate
4. NACA offer property renovation and foreclosure prevention
Unlike other mortgage products, NACA also provides property renovation assistance and Membership Assistance for NACA homeowners.
NACA’s Home and Neighborhood Development (“HAND”) Department addresses repair issues, and where appropriate provides rehab assistance throughout the renovation process. NACA’s Membership Assistance Program (MAP) provides comprehensive counseling for Members who are delinquent on their home payments, including establishing payment agreements and providing financial assistance to help Members avoid foreclosure.
5. NACA offers programs to both homebuyers and current homeowners
Purchase Program – NACA provides comprehensive housing counseling and access to an incredible mortgage. The NACA Mortgage offers everyone the same below-market fixed interest rate with no down-payment, no closing costs, fees, points, or PMI.
Home-Save Program – NACA provides assistance to homeowners with an unaffordable mortgage. NACA is one of the most effective organization in modifying mortgages to achieve affordable solutions for the homeowners. Often homeowners have their interest rate reduced to 2% and eliminate a portion of the outstanding principal where necessary to achieve an affordable mortgage payment.