NACA?

[jordanmedical]

Saw this in another thread. It seems great, wondering why it is not mentioned here?

[MzKoli]

There were a few past threads on it. I attended a workshop and it was fairly informative. Its based on being mortgage ready not credit scores. You show you can afford the mortgage you want by saving the difference of your current housing payment vs your new piti pymnt for generally 3 months give or take given your situation. Main complaint is they can be slow -if you find a good counselor you might be fine. People who've had the patience to make it through usually say it was worth it. You can find a seminar near you on their website attending is free.

[jordanmedical]

Wish I would have heard about this a year ago...lol

[JM-AM]

Sometimes things slip our minds...

Sorry wasnt mentioned for you sooner.

[raisinitup]

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@MzKoli wrote:
There were a few past threads on it. I attended a workshop and it was fairly informative. Its based on being mortgage ready not credit scores. You show you can afford the mortgage you want by saving the difference of your current housing payment vs your new piti pymnt for generally 3 months give or take given your situation. Main complaint is they can be slow -if you find a good counselor you might be fine. People who've had the patience to make it through usually say it was worth it. You can find a seminar near you on their website attending is free.

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Sounds interesting....I was just on the website and its pretty informative. I keep thinking...there must be a catch. What am i missing ? 

[JM-AM]

Nothing...

It is for real and many have used them... Its actually a good program for many, just the process can be long and we can see how much patience we all have on this site! lol

[raisinitup]

LOL, I agree with you. We are a very impatient bunch. Thank GOD we're here to keep each other from jumping out  the window, lol. 

[Amythyst]

Do they have income restrictions?  I couldn't find anything on their site about it.

[MzKoli]

No income restrictions!

[raisinitup]

Does anyone have any experience with this type of mortgage ? I know someone mentioned its a lengthy process. I was wondering how long about ?