Who has here has used NACA?

[Walmsley Gedeon]

Neighborhood Assistance Corporation of America gives people the opportunity to purchase with no money down, covers all closing cost, no points or fees and has lower mortgage market rates. Sounds enticing right? So what is the downside of this program? What do I have to give them? Testimonies on the website list these great mortgage payments but are those minus the taxes and other additives to your monthly payment? Please educate me if you've gone threw the program and purchased successful. Thanks BP! WG

[David Benton]

Never had any reason to purchase through them but as a broker.

If you have more time than you know what to do with then maybe pursue but based on my experience I recommend you walk away. The buyers have to jump through many counseling hoops for 6 to 12 months, they are a pain to deal with and very rare that any will ever close. Worst part, they won't communicate with anyone but the buyer so as a seller that is well informed, they won't likely deal with you unless they are a very motivated seller.