I review how to get a NACA loan in 2024 by going over the
NACA guidelines listed in the NACA Qualifications Workbook as well as reviewing
the NACA Homebuyer Workshop
Presentation. These are the topics covered
1:35 Your 3 big questions about getting a NACA loan
2:50 NACA;s 10 steps to homeownership
3:00: Step 1 NACA workshop overview
3:17: step 2 Understanding the NACA membership portal
4:31: step 3 NACA qualification
4:45: 1st hand experience from a member & mindset for
the NACA program
6:11 NACA's below market rate & priority v non-priority
members
8:17 NACA priority and eligible areas
9:17 NACA's interest rate buy down
11:04 NACA loan type overview rehab loan, section 8 program
11:40 NACA Loan limits
12:21 how NACA determines what you can afford
12:51 NACA's budgeting worksheet
13:27 How NACA calculates monthly savings
14:05 NACA payment shock
15:30 NACA DTI limits
17:46 NACA membership requirements
18:38 NACA credit requirements
20:31 NACA does pull your credit report
21:17 How NACA looks at on-time payment history
21:39 How NACA looks at rental history /proof of payment
23:07 NACA's income qualification for W2 employees &
self employed
24:00 How NACA looks at debt and derogatory credit impact
the ability to qualify
24:43 How student loan debt impacts qualifying for a NACA
loan
25:39 how much money do you need for the NACA program
27:01 NACA reserve requirements
27:34 The documents you need for a NACA loan
28:12 steps 4-10 overview of the NACA program
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estate is a way to build black wealth and close the wealth gap.
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TX. If you're looking to move to the Dallas, TX area or a local looking to buy
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David Ball Dallas Texas Real Estate Agent | Texas Real
Estate License: 800326
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