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Old 03-05-2017, 07:20 PM
 
1 posts, read 298 times
Reputation: 10

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Just started the NACA process. My initial appointment with the counselor was amazing. Very professional. I had all of my documents ready. Credit score and savings are both up to par. Expecting everything to be sent to the underwriter after my next appointment in a week. So far, so good!
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Old 03-05-2017, 07:57 PM
 
10,265 posts, read 6,491,094 times
Reputation: 10837
Good luck hope everything works out.
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Old 03-08-2017, 05:20 PM
 
1 posts, read 272 times
Reputation: 10
I started with Naca back in August 2 months later I had my first appointment. I was told everything was great my file would be sent to the underwriters. A month later I found out that counselor quit. Press restart and waited another month for a meeting with a new counselor. I was told the same thing I'm ready to go should be out looking for a place in 2 weeks. My case got transferred again and two months later I'm still being asked to provide repetitive documents to the underwriters. Meanwhile prices are soaring and Naca has strict purchase limits. I've been warned several times to triple read the closing documents before signing as there are hidden fees and clauses. I'm wondering if anyone has legitimately made it through with them and was the cost savings worth it if you could get qualified else where. I've been using city data for years and this was the first thread to make me want to write a post.
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Old 03-09-2017, 09:51 AM
 
3,317 posts, read 7,251,326 times
Reputation: 4095
"I want a no-down payment loan with THE LOWEST interest rate AND no closing costs and the lender BETTER be well-staffed AND make no money on the deal."
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Old 03-13-2017, 03:29 AM
 
8,195 posts, read 10,205,914 times
Reputation: 7485
Well the program was trash to say the least.

I took everything that i had in my Naca folder and called a Mortgage lender-got pre approved within 1 day.


If something sounds too good to be true,it probably is.

The interest rate was 3.5% when i made this thread,but now it is over 4%.

I would have lost the low interest rate if i was still playing around with Naca.
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Old 03-13-2017, 03:34 AM
 
8,195 posts, read 10,205,914 times
Reputation: 7485
Quote:
Originally Posted by BocaTex View Post
I started with Naca back in August 2 months later I had my first appointment. I was told everything was great my file would be sent to the underwriters. A month later I found out that counselor quit. Press restart and waited another month for a meeting with a new counselor. I was told the same thing I'm ready to go should be out looking for a place in 2 weeks. My case got transferred again and two months later I'm still being asked to provide repetitive documents to the underwriters. Meanwhile prices are soaring and Naca has strict purchase limits. I've been warned several times to triple read the closing documents before signing as there are hidden fees and clauses. I'm wondering if anyone has legitimately made it through with them and was the cost savings worth it if you could get qualified else where. I've been using city data for years and this was the first thread to make me want to write a post.
There might be cost saving but as i said above aggravation does not have a price tag.

I do think that if you have a decent income, a decent credit score,and some savings they will NOT help you,which is odd.

They might think you are trying to take advantage of the program.

Everything that i wrote seems to be backed up by posters who responded on pg 1 of this thread and P*issedconsumer.
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