My story is similar to Secondchance 23. I went to a workshop on July 29. I had an appointment within 3 days. I went overboard with documents that I would anticipate that they needed. My counselor was very surprised that I had everything in order including good scores (although they say that their approval is character based), over enough savings, no lates, all documents, etc. He said that he was going to try and get me qualified fairly quickly.
Now, after close to 2 months..nothing! I have exchanged email, after email, and my counselor continues to give me the run around and requesting documents that I have sent repeatedly. I had faith in this program, that they are really committed to having the best mortgage out there, but I am not convinced that they do what they say they are going to do. I am very disappointed with Naca and will have to go FHA.
With approvals, it should not take 2 months...it is either yes or no.
I am trying NACA also. I went to the workshop in Oakland, CA on 9/6/2008. My intake appointment was on 9/19/2008. When I went to the meeting I took all the information that they asked for on page 30 of the workbook. When my credit report was pulled it only brung up baddies from last 24 mths (all paid). After my counsoler in put all my information he was ready to submit me for approval that day. Only needed employment and rental verification back. The stopper here was me I forgot to bring my paperwork from 401k which show I have MRF. (For my $100,000 loan Mrf is $3500 becuase I have no payment shock I dont have to show 3 mths savings.) I emailed the 401k information to counsoler Friday evening and recieved a comformation email from him Sunday afternoon( Good Job) I did not hear from him today (9/22) so I will give him a call tomorrow.
At my intake meeting I let my counsoler know that Iike to recieve timely feedback and that I am not above calling like a crazed staulker if I feel he is ignoring me.
Here is a link that may be helpful to those trying to find out how the NACA program works and what to expect.
I am too working with the Oakland Office. I went to my workshop on 9/13, and I still haven't received my ID number. I am glad to hear that they seem to be working pretty fast at that office! Did they tell you already how much you can get approved for?
I went to the workshop in early July. I think it's a great program but I haven't met with a counselor as yet because I got discouraged. I really think it's too much paper work and slow workers. I had to send at least 5 emails before I got a response.
(Bunny) I already knew how much I wanted to be approved $100000 so I told him. If you received the email that said for Home Save to sign up you can use that link to get your ID. That's what I did. Once you schedule an appointment online call the office to confirm website has different time from what the office actually uses.
(Trying) The paperwork they ask for is the same that all mortgage lenders ask for.
Message Edited by receivingthepromise on 09-23-200808:14 PM