NACA Best in America Mortgage Program
Funding status: Active
How much assistance
No down payment, no closing costs, no fees, no mortgage insurance, below-market interest rate (Zero-Interest Loan)
Eligibility
- Income limits: Priority Members: income below 100% of area median income can purchase anywhere. Non-Priority Members: income at or above median must purchase in a Priority Area (Census tract below 100% median income).
- First-time buyer required: No
- Geographic restrictions: Available nationwide. NACA has a Newark office and regularly holds Achieve the Dream events in the city.
- Homebuyer education required: Yes
How to Apply for NACA Best in America Mortgage Program
Step 1: Attend a free 4-hour NACA homebuying workshop. Meet with a NACA housing counselor to review income, expenses, and determine an affordable payment. Work through the NACA qualification process with Bank of America as the lending partner.
Notes
NACA partners with the Newark Housing Authority for the HCV Homeownership Conversion Program. NACA has held major Achieve the Dream events in Newark. No down payment, closing costs, or PMI required.