Eligibility Questions – NACA Blog and Forums Naca accepts everyone without exception as long as they have purchased less than 2 houses directly through the naca program The question is whether the program guidelines are suitable for you Employment needs to be 24 consecutive months in the same industry and gaps cannot be more than 30 days without a legitimate excuse
Rent History – NACA Blog and Forums I am starting my NACA journey and am very excited Went to the Purchase Workshop Just uploaded all my docs and set an appointment for next month I have a question on rental history I currently pay the rent where I live However, the lease is under my friend’s name I do pay the rent in full with my checks
Priority Areas – NACA Blog and Forums Wow My wife and I had gone through NACA a couple of years ago and we were looking at going through it again and it looks like the rules have been completely updated (very recently too) From what I can tell this is how it works; We now have priority areas and priority members Eligibility to purchase via NACA is determined by using criteria
down payment assistance programs – NACA Blog and Forums Sadly, there don’t seem to be any programs out there that I can use with NACA Maybe different states or cities have more options, but none of my research has turned up a single down payment assistance program I can apply for
FFIEC missing data – NACA Blog and Forums I am searching for a home in priority areas, using the data from FFIEC What should I do if FFIEC has incorrect or missing data? For example this address: 108 W 2nd St, Los Angeles, CA 90012
Foreclosure Lists – NACA Blog and Forums I emailed the NACA RED email we only received the BOA foreclosure list which had only ONE home in our area Are there ways to see other foreclosure lists? Thank you! December 14, 2012 at 2:38 pm #4961 readyToday Participant Hi deachr519,
Affordability – NACA Blog and Forums How does NACA determine the amount of loan that you will be approved for? Which factors do they look at? Do they look at how much you are currently paying in rent and use that? January 25, 2016 at 2:45 pm #31010 TRW2294 Participant
Bank of America issues – NACA Blog and Forums Boa has a separate office in Texas where the naca files are looked at instead of Charlotte hq The loan numbers are different and unique to naca members the system locks boa employees out if they aren’t on the naca Texas team Your best bet is to call the mortgage processing department
New Home Construction – NACA Blog and Forums So the NACA process for buying an existing home is very straight forward How does this compare to buying a new construction home? I know a few members on here have done a new home How does it work in terms of timeline etc, since your qualification is only good for 90 days? Most things I have seen say a new home takes 3 plus months to be built How do deposits, etc work for a new home, since