Providing loans to low and moderate income people and those who are considered to be moderate borrowers. Information on mortgage service - Houston Home Loan.

 Neighborhood Assistance Corporation of America NACA is a non-profit advocacy and homeownership organization that provides America's best homeownership solutions for both homeowners and homebuyers. Thousands of at-risk homeowners are getting their interest rates reduced to 5% and less thanks to NACA.

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For information about the NACA program, contact service@naca.com. Questions, comments, or concerns about this Web site? Contact webmaster@naca.com. Join our mailing list to stay informed about NACA. This site is copyright (c) Neighborhood Assistance Corporation of America.

The Neighborhood Assistance Corporation of America "NACA" is a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided even in the prime market.

Investing in working people
The NACA homeownership program is our answer to the huge subprime and predatory lending industry. NACA has conclusively shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers. NACA’s track record of helping people who have credit problems become homeowners or refinance out of a predatory loan debunks the myth that high rates and fees are necessary to compensate for their "credit risk."

Started in 1988, NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders as well as providing the best mortgage program in America with $10 billion in funding commitments. NACA is the largest housing services organization in the country and is rapidly expanding by growing its existing 30+ offices, headquartered in Boston, MA, opening many new offices nationwide, and expanding the services it offers its membership. NACA’s confrontational community organizing and unprecedented mortgage program have set the national standard for assisting low- and moderate-income people to achieve the dream of homeownership.

NACA – America’s Best Mortgage Program
The incredible NACA mortgage allows NACA Members to purchase or refinance homes with:

• no down payment,

• no closing costs,

• no fees,

• no requirement for perfect credit,

• and at a below-market interest rate.

Everyone gets the same incredible terms, including the below-market interest rate, regardless of their credit score or other factors. NACA also provides free, comprehensive housing services. NACA counsels Members into the extraordinary NACA mortgage using character-based lending criteria that takes each Member’s circumstances into account to determine whether they are ready for homeownership and what they can afford. This is in contrast to risk-based pricing where people are often given loans they cannot afford while brokers and others make tremendous fees and profits.
 

Property renovation and foreclosure prevention
NACA also provides property renovation assistance and Membership Assistance for NACA homeowners. NACA’s Home and Neighborhood Development ("HAND") Department addresses repair issues, and where appropriate provides rehab assistance throughout the renovation process. NACA’s Membership Assistance Program (MAP) provides comprehensive counseling for Members who are delinquent on their home payments, including establishing payment agreements and providing financial assistance to help Members avoid foreclosure.

Innovative technology
The NACA program has developed state-of-the-art mortgage software for web-based counseling, processing and underwriting., called "NACA Lynx", which is the envy of the mortgage industry. This is a paperless system that allows for character lending, loan processing and underwriting to be done on a very large scale.

Powerful national advocacy
NACA has revolutionized mortgage lending with its mortgage services and advocacy. NACA’s organizing department continues the aggressive advocacy against predatory lenders and the fight for economic justice. NACA is a high-profile organization, with its program and advocacy featured in the national media, including the Wall Street Journal, Prime Time Live, Boston Globe, Washington Post, major news outlets, and local networks nationwide.

NACA’s committed staff and contacting NACA
Our staff of hundreds of dedicated staff is committed to working with you to access this incredible mortgage product and to advocate for strong neighborhoods and economic justice. We are always looking for qualified staff—see our current job listings for details. To keep updated on NACA services, campaigns, and relevant legislative happenings, sign up by clicking Contact Us.

Revolutionizing lending for low- and moderate income families
Through a unique combination of aggressive advocacy and innovative approaches to lending, NACA has a history of transforming lending. NACA’s early campaigns put the issue of predatory lending on the national agenda. Moreover, with over $10 billion in loan commitments and the best homeownership program in America, NACA has spearheaded a revolution in mortgage lending that features no down payments for low- and moderate-income people. The NACA homeownership program has reinvented mortgage lending for low- and moderate-income families.

NACA wins campaigns against many other predatory lenders
NACA’s advocacy did not stop with Fleet and has since led nationwide, multi-year campaigns against First Union, Ford Motor Company (which owned The Associates), Barnett Bank, Bank of Boston and others. As a direct result of NACA’s efforts, these institutions have made significant reforms in their predatory lending practices.

NACA’s aggressive confrontation advocacy has yielded numerous victories against some of the country’s largest and most power financial institutions. NACA’s victory against Fleet was the most publicized and it resulted in the destruction and ruin of Fleet Finance, but NACA hasn’t rested on its laurels. NACA’s advocacy was best described by a Fleet executive who said “The good and the bad about NACA and its CEO Bruce Marks, is that they do what they say they will do.” It’s the bank’s decision: NACA can be a strong partner or its worst nightmare. Fleet, more than any other institution, is in a position to know. NACA was a nightmare for Fleet and the only organization to ever prevail over Fleet’s CEO Terrance Murray, but once Fleet joined NACA in its mortgage program, NACA made the working relationship a tremendous success.

NACA was the worst nightmare for a number of huge institutions and powerful individuals: NACA defeated First Union and brought its CEO Eddie Crutchfield (a.k.a. Fast Eddie) to his knees; NACA defeated Ford Motor Company and as a result they divested the Associates and their four billion dollar a year revenue stream; NACA defeated the Associates (the countries largest finance company) and forced them to dramatically change their lending practices; NACA defeated Senator Phil Gramm in his efforts to ruin NACA and its CEO Bruce Marks; and NACA has had victories against Bank of Boston, Barnett, Riggs Bank and Signet. In addition, NACA was instrumental in getting anti-predatory legislation passed in Congress – the Home Ownership and Equity Protection Act (“HOEPA”) and one of the strongest state anti-predatory lending laws, passed in Georgia in 2002.