NACA loan pros and cons- Worth it for aspiring investors?

[Quiana Berry]

Hello,

Im debating whether to use NACA or not because I don't want to be stuck for 5 years on a deal without being able to refi. The policy is to stay in the property for 5 years or you pay $25k lien they place on your house. However I just saw on their site they say this occupancy rule is unless you sell or refinance. It seems then refinancing is allowed. Any loopholes past NACA recipients are aware of?

Goal- buy multifam, house hack and refinance out

[Allan George]

Quote from @Nicholas Jackson:

Quote from @Allan George:

@Quiana Berry

I was able to do exactly this ~3yrs into a NACA loan. When you're ready to refi, you'll simply need to request a lien release from NACA (basically your mortgage agent sending over a bit of info to NACA).
 

NACA had no problems with you asking for the lien release even though it was less than 3 years?

Just double checked the exact timing and it was closer to 3.5yrs of ownership but got no - I received no pushback from NACA.