➡️ No Down Payment: NACA provides mortgages without requiring a down payment, making homeownership more accessible. ➡️ No Closing Costs: The program typically covers closing costs, further reducing the financial burden on buyers. ➡️ Below-Market Interest Rates: NACA offers competitive interest rates that can be significantly lower than conventional loans. ➡️ No Private Mortgage Insurance (PMI): Borrowers do not need to pay PMI, which can save money over the life of the loan. ➡️ Flexible Underwriting Criteria: NACA considers various factors beyond just credit scores, allowing more individuals to qualify. ➡️ Homebuyer Education: Participants must complete a comprehensive homebuyer education course, which equips them with knowledge and skills for successful homeownership. ➡️ Community Focus: NACA promotes neighborhood revitalization and supports local communities, aligning with its mission to help those in need. ➡️ Advocacy Support: NACA provides advocacy services for its members, assisting them throughout the mortgage process. Overall, the NACA mortgage program is aimed at making homeownership achievable for those who may face barriers through traditional lending channels.