NACA Purchase Program

Administered by: Neighborhood Assistance Corporation of America (NACA) · Nonprofit · Zero-Interest Loan

Funding status: Active

How much assistance

No down payment, no closing costs, no PMI, no fees, and below-market fixed interest rate (Zero-Interest Loan)

Standard mortgage terms apply. Below-market fixed rate for the life of the loan.

Eligibility

  • Income limits: Focus on low-to-moderate income buyers and buyers purchasing in low-to-moderate income areas. No strict income cutoff.
  • First-time buyer required: No
  • Geographic restrictions: Available nationwide including Philadelphia. NACA has a Philadelphia office.
  • Homebuyer education required: Yes

How to Apply for NACA Purchase Program

Step 1: Become a NACA member ($36/year). Attend a NACA Homebuyer Workshop. Work with a NACA counselor to get financially prepared and NACA-qualified. The process typically takes about 3 months from workshop to qualification.

Visit program website

Notes

No minimum credit score. Focuses on 12-month payment history instead. Interest rates for non-priority members: 6.625% (30-year), 6.125% (20-year), 6.125% (15-year). Priority members receive lower rates.

Cities Where This Program Is Available