You must be NACA Qualified to access the NACA Mortgage. He/she will work with you for as long as it takes to qualify you for a mortgage that best meets your needs. Your counselor will do an action plan identifying what additional documents and information you need to become NACA Qualified. Your budget helps determine a mortgage payment you can afford as well as how to better manage your finances. Preparing the budget will provide you with an analysis of your finances and opportunities to make adjustments to address potential barriers to obtaining a mortgage. You should bring the completed budget from your workbook or if necessary complete it later. Most importantly, you need to complete a comprehensive budget detailing your income and expenses. Your counselor will help you prepare financially for homeownership by obtaining the necessary documents and information, determining an affordable payment and addressing any roadblocks to homeownership. Consequently, the vast majority of NACA Members are low- to moderate-income with many having neither perfect credit nor substantial savings.Īt your first counseling session, your counselor will answer your questions concerning NACA and discuss the issues related to homeownership. This enables us to fulfill our mission of assisting working people who otherwise do not have access to an affordable mortgage. NACA’s counseling and mortgage qualification criteria are based on your individual circumstances not credit scores. NACA provides free personalized and comprehensive counseling to address your particular credit and financial issues and help determine a mortgage payment you can afford.
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