by Joseph King 0 comments

www.Naca.com is the website for Neighborhood Assistance Corporation of America. NACA is a non-profit organization that was started in 1988 and is committed to building a strong neighborhoods in urban and rural areas. NACA does this by providing counseling and helping members who are delinquent in their home loans and help members establish loan payments as well as providing financial assistance.

NACA views itself as the answer to predatory lending and sub prime lending. NACA mortgage housing program also requires no closing costs, no down payment, no fees, no requirement for perfect credit and at below-market interest rate. It partners with some major banks like NationBank (now part of Bank of America) and Citigroup to commit funds to the NACA program to improve lending practivces.

NACA has a housing program that includes attending their housing program workshop where they will outline step in which someone can become a homeowner through NACA. By educating consumer on the homebuying process, the consumer becomes NACA qualified which almost mean a mortgage is approved through its partnership of lenders. After the workshop, an appointment for individual counseling session needs to be made and you can make an appointment for this invdividual counseling session via its www.Naca.com website.

The NACA program does sound too good to be true. A quick check shows that people who signed up for the program are generally happy with the outcome. Most of the complains had been because it takes too long in terms of the process itself and people become disgruntled with it. However, people who stick to the NACA program generally find it rewarding in the outcome.