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.