There is no down payment, no closing cost, and no pmi.
NACA does not sell homes. We help homebuyers obtain our Best in America mortgage which features no down payment, no closing costs, no PMI, a below market fixed rate and does not use credit scores. As the nation's largest HUD certified housing counseling agency, we work with primarily low and moderate income buyers to determine how much they can genuinely afford and get them an affordable mortgage with unbeatable terms. The amount you qualify for is based on several factors including income, monthly obligations, our interest rate buy down program, federal Conforming Loan Limits and other factors. We invite you to learn more by going to our website at www.naca.com and entering your Zip Code where indicated to locate and register for a NACA Qualification Workshop in your area. This will give you all the information you need regarding the program and is also the required first step in the program.
Why are people on hold for hours, there has to be a better system
It depends on your income.
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