NACA Homebuyer Program
How much assistance
No down payment, no closing costs, no fees, plus below-market interest rate mortgage (Zero-Interest Loan)
Not applicable — this is a primary mortgage product, not a forgivable loan.
Eligibility
- Income limits: No strict income limits. Program is designed for low-to-moderate income borrowers but evaluates affordability on a case-by-case basis.
- First-time buyer required: No
- Geographic restrictions: Available nationwide. NACA has a local office serving the Raleigh-Durham area.
- Homebuyer education required: Yes
How to Apply for NACA Homebuyer Program
Step 1: Attend a free NACA homebuyer workshop (available online or in person).
Step 2: Work with a NACA counselor to become NACA-qualified — this includes budgeting, saving, and resolving credit issues. NACA uses character-based lending and does not use FICO scores.
Step 3: Get pre-approved through NACA's lending partner.
Step 4: Find a home and submit an offer.
Step 5: Close with no down payment, no closing costs, and a below-market rate.
Notes
Added March 2026. NACA is a national nonprofit with a local Raleigh-Durham office. Their mortgage product has no down payment, no closing costs, no fees, no PMI, and offers below-market interest rates. Does not use FICO scores — character-based lending. Requires participation in NACA's counseling and qualification process, which can take several months. Source: naca.com.