A grant from the Federal Home Loan Bank and HUD allow NACA to offer the best interest rate buy down available.
Remember, we are a non-profit organization.
1% of the home's purchase price will buy your interest rate down by 0.25%
Because NACA has no closing costs or down payment requirement. Many buyers are taking seller offered closing cost(s), builder incentives and/or savings to buy their interest rates down to 4%, 3%, 2% or almost 0% interest.
NACA absolutely encourages buyers to buy their interest rate down to as low as possible. This ensures the homeowner will always be in a home they can easily afford for as long as they want to live there....it is all about neighborhood stabilization via homeownership.
Don't let it pass you by.
Saturday, October 18, 2008
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