NACA Success Stories

By
Real Estate Agent with Every Home Realty, Inc.
http://actvra.in/KqV

Please feel free to share your success stories with NACA.

I am particualarly wanting to know about your finish product.

  1. Loan Amount
    • $__________________
  2. Term and Rate:
    • 30 years but what interest rate?
  3. Lengh of process
    • Workshop Date
    • Closing Date

This will give hope to people struggling to get a mortgage with NACA.

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Comments 11 New Comment

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Rainer
27,619
Eliud Gautier
Eliud Gautier
Every Home Realty, Inc.

Minimum Required Funds for NACA

 

  • 3 to 4 Months of Property Taxes
  • 15 Months of Homeowner Insurance
  • Inspection Costs
    • Home Inspection
    • Termite Inspection
  • 2 months of mortgage payment (no more then 40% of your monthly income)

OK, let us make this more practical example ....

If in the neighborhood you are looking into has the annual property taxes of $4,000 then you should have $1,000 Saved.

If your annual homeowner insurance is $900, then you need to have $1,125 Saved

Home Inspection is about $475.00

Termite Inspection is about $85.00

Reserves - 2 months of mortgage payment - if your proposed mortgage payment is $1,000 then you need to have $2,000 Saved

You should consult a local realtor the costs of some of these items.

___________________________________________

 

 

January 04, 2011 11:05 PM
Anonymous #8
Anonymous
David Gay

not sure why my mortgage comp. just sent this to me. I have been trying to get a Modification from LPBS and I get this. Does this make sence??

March 21, 2011 01:55 PM
Rainer
27,619
Eliud Gautier
Eliud Gautier
Every Home Realty, Inc.

David - not sure but NACA does provide FREE mortgage modification assistance around the country. Go to www.NACA.com

March 26, 2011 06:29 AM
Anonymous #10
Anonymous
lst time home buyer/ga

So, basically, if your are wanting to purchase through NACA as a first time hm buyer it will take about what 4 to 6 months to do so?

June 04, 2011 12:23 PM
Rainer
27,619
Eliud Gautier
Eliud Gautier
Every Home Realty, Inc.

Ok 1st Time Home Buyer in GA -

If you have a credit score that is under 620 you can't go any where else.

If you want to get a loan with a FIX RATE for 30 years, with NO Down Payment, NO Closing Cost and NO PMI - you have to complete the entire approval process with NACA.

Ok, it may take 4 to 6 months - depending on your circumstances and the situation with availabilty in GA - but it is going to be worth your time and effort.

Eliud

June 23, 2011 01:19 AM
Anonymous
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Rainer
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Eliud Gautier

Eliud Gautier
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Additional Information

Esperanza

National Association of Hispanic Real Estate Professionals