You should bring the completed budget from your workbook or if necessary complete it later. Most importantly, you need to complete a comprehensive budget detailing your income and expenses. Your counselor will help you prepare financially for homeownership by obtaining the necessary documents and information, determining an affordable payment and addressing any roadblocks to homeownership. Consequently, the vast majority of NACA Members are low- to moderate-income with many having neither perfect credit nor substantial savings.Īt your first counseling session, your counselor will answer your questions concerning NACA and discuss the issues related to homeownership. This enables us to fulfill our mission of assisting working people who otherwise do not have access to an affordable mortgage. NACA’s counseling and mortgage qualification criteria are based on your individual circumstances not credit scores. NACA provides free personalized and comprehensive counseling to address your particular credit and financial issues and help determine a mortgage payment you can afford. Budget – Financial analysis by identifying your monthly income, liabilities and expenses.Credit Card and Loan Statements (most recent).Federal Income Tax Return (last two years).Bank statement for all accounts (last three months or if self-employed last 12 months).Make sure by submit the following documents for you and any co-borrower(s) into your electronic file or bring them with you for your counseling appointment. Email: Email by attaching your documents to your personalized email.Upload: Upload your documents from your local computer.
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“email(Member By completing this information your counselor will have a more complete file to effectively evaluate your situation and assist you faster. This should be done through your Web-File where you can submit them by fax utilizing your personal fax cover sheet, use your NACA ID (i.e. Prior to your initial counseling session and throughout the process, you need to submit your data and documents to your counselor. Both Members and Non-Members receive counseling while Members have exclusive access to the NACA mortgage and other benefits and both must pay NACA’s cost of obtaining your credit report. If you decide to become a NACA Member you must pay the annual NACA Membership Dues of $20 for the household. Prior to beginning your first counseling appointment with a NACA counselor (Intake Session) you need to submit your signed Authorization and Membership Agreement. You can also make an appointment by calling the local office a week after the workshop. Through your Web-File you can make a counseling appointment for a face-to-face meeting or by phone. You will then be able to access your NACA Web-File and begin inputting information and documents through the web-submission process. Within a few days of the workshop, you will receive your NACA ID and temporary password in two separate emails.
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Upon completion of the NACA Workshop, you can schedule an appointment to meet with a NACA counselor. The focus of the workshop is to be NACA Qualified, or mortgage-ready. The NACA Workshop will provide you with an overview of NACA’s homeownership program and mortgage options including the NACA mortgage. There are a number of workshops offered every month through each NACA office and elsewhere throughout the country. The first step in the purchase process is to attend a NACA Homebuyer Workshop which is open and free to everyone. Purchase your dream home with no down payment, no closing costs, no fees, no income limit, no need for perfect credit and competitive interest rate! First step in the program is to attend a Homebuyer Workshop.