NACA - Neighborhood Assistance Corporation of America

NACA - Neighborhood Assistance Corporation of America is a first mortgage for homebuyers in Florida. NACA provides below-market interest rate first mortgage with no down payment, no closing costs, and no PMI for eligible homebuyers. No income limits for properties in low-to-moderate income areas. Extensive counseling process required (6-24 months). Offices throughout Florida. No down payment required. No closing costs. No PMI. Below-market interest rate. No minimum credit score (alternative credit accepted). Funding comes from Nonprofit.

NACA - Neighborhood Assistance Corporation of America is a first mortgage and is repaid under the terms set by the administering agency. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

NACA - Neighborhood Assistance Corporation of America is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required.

NACA - Neighborhood Assistance Corporation of America limits household income to 100% of the area median income, which varies by county and household size. No income limits for properties in low-to-moderate income census tracts. Income limits apply for properties in higher-income areas. 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 - Neighborhood Assistance Corporation of America can be used for Single Family, Condo, Townhouse, and 2-4 Unit.

NACA - Neighborhood Assistance Corporation of America serves homebuyers purchasing anywhere in Florida.

Applications for NACA - Neighborhood Assistance Corporation of America go through the administering agency, which publishes the current terms and the application steps on its own site. 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.