NACA as a lending option

[Jimmy Rivera]

Hi all. I live in Miami and considering using NACA.com as my mortgage company. Was wondering if others here have ever used naca as a mortgage option. I attended one of there meetups and it sounds almost too good to be true. they offer 100% financing up to 4 units, no closing costs, a great buydown program and no points. Can anyone offer some insight?

[Account Closed]

hi ahsley.  i didnt use naca.com.  the miami market is overpriced so i chose to buy in chicago.  i bought at auction a sfr for 25k.  im working on it now and expect to spend 25 in rehab.  arv is approximately 130k.  naca is a good option if you have little reserves.  i chose to use my own cash for this first one.  i expect to refi and do it all again.