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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🤠I'm a Realtor in Dallas, TX. If you're looking to move to the Dallas, TX area or a local looking to buy I'd love to help. I'm Veteran (Go Navy!!) and have helped 100s of Texas (and out of towners) buy homes in my pervious life in the mortgage industry (I'm a guidelines nerd). Reach out to work with me.

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David Ball Dallas Texas Real Estate Agent | Texas Real Estate License: 800326

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