NACA Mortgage Program

[Manik Jain]

Hi,

I am based out of Harrison, NJ and was looking to buy a multifamily using NACA mortgage. I recently got approved. I wanted to know if people have invested in cash flowing multi-family with NACA and how their experience has been over the years. Thanks

[Carley M.]

I just closed on a 4-unit with them in November. The process can be frustrating if you don't stay on top of your file, but in the end it was totally worth it. Saved me almost $40k just in closing costs. Currently doing the rehab piece and getting an experienced NACA contractor has made all the difference. A girl at work is struggling to find a new contractor because her original one backed out AFTER SHE CLOSED so she's stuck with his $$ amounts. ☹️ My contractor handled all the paperwork and is almost done my required repairs and there's money left in the budget for one or maybe two of my wish list.

Once this part is done, I don't expect to have any more direct dealings with NACA. What is your concern for future?