NACA Purchase Program
Funding status: Active
How much assistance
No down payment required, no closing costs, no PMI, no fees, and below-market fixed interest rate (currently around 5.20% for 30-year fixed) (Grant)
Not applicable. NACA provides a below-market-rate first mortgage with no down payment or closing costs rather than a traditional DPA grant.
Eligibility
- Income limits: No strict income limit. If income is below the area median, you can buy anywhere. If above median income, purchases are limited to priority areas.
- First-time buyer required: No
- Geographic restrictions: NACA has an active Jacksonville, FL office. Properties must be owner-occupied primary residences.
- Homebuyer education required: Yes
How to Apply for NACA Purchase Program
Step 1: Become a NACA member, attend a free Homebuyer Workshop, then work one-on-one with a NACA counselor to prepare financially. The counselor helps with budgeting, debt reduction, and savings plans.
Notes
No minimum credit score requirement. NACA evaluates 12 months of on-time rent and debt payment history instead. Program is ongoing and not subject to annual funding cycles.