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NACA's New Construction Homes

Statewide, California

Last verified
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Repayment

Grant

Not repaid

What is NACA's New Construction Homes?

NACA's New Construction Homes is a grant for homebuyers in Statewide, California.

  • NACA Best in America Mortgage applied to new-construction. No down payment, no PMI, below-market fixed rate.
  • NACA's Best in America Mortgage applied to new-construction homes. No down payment, no closing costs, no fees, no PMI, below-market fixed rate.
  • Funding comes from NACA / Bank of America.

Do you have to pay it back?

NACA's New Construction Homes is structured as a grant, so it is not repaid.

  • Repayment is triggered by per first mortgage terms.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

NACA's New Construction Homes is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Required - NACA homebuyer workshop
  • Sourced via Homebuyer Wallet (NT20250014). Must complete NACA homebuyer workshop. NACA mortgage applicable to new-construction with NACA-affiliated builder/developer partners.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

NACA's New Construction Homes sets its income limit as follows: NACA targets LMI but flexible underwriting; income at or near area median.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

NACA's New Construction Homes can be used for Single-family (new construction), Townhouse (new construction).

  • New construction is eligible.

Where does it apply?

NACA's New Construction Homes serves buyers purchasing in Statewide, California.

How do you apply?

Applications for NACA's New Construction Homes go through the administering agency.

  1. Take a homebuyer education course

    Required by the program, through Required - NACA homebuyer workshop.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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