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. This is a nationwide program, so it is available beyond a single state or city. Funding comes from NACA / Bank of America.

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.

NACA's New Construction Homes is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, 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.

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.

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

NACA's New Construction Homes is a nationwide program, so it is not limited to one state.

Applications for NACA's New Construction Homes go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.