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Poll
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Tell Us What You Think.
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What Is The Main Reason You Are Renting?
(A) Credit Issues
(B) No Savings/Not Enough Saved
(C) Never Inquired But Would Like To
(D) Need A Good REALTOR
(E) Ease Of Renting
(F) Not Interested In Owning At This Time
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Home ownership
is in the palm of your hands. STOP wasting money making your landlord rich. You can own your own home for as little or the same as you pay in rent. There are many programs available to help you get into a home of your own. HOMEOWNERSHIP is for everyone. Including YOU!!! Contact me for program details.
Free Home Buyer Reports:
5 Things everyone needs to know
before purchasing your first home. Order the report
here...
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NACA - AMERICA'S BEST HOME OWNERSHIP PROGRAM
Purpose: Purchase, purchase & rehab, refinance (to save your home), refinance (for home improvements.)
NO Down Payment
NO Closing Costs
Interest Rate (One to five percent below market)
Interest Rate Buy Down
NO Application Fee
NOPoints & Fees
NO PMI (Private Mortgage Insurance)
NO Perfect Credit
NSF (Neighborhood Stabilization Fund) $50.00 per month for 5-10 years) Provides assistance to homeowners at risk of losing their home. The time period of the payments depends on the mortgage amount.
About NACA
The Neighborhood Assistance Corporation of America (NACA) is a non-profit community advocacy and housing services organization. It is the largest and most effective organization of its kind in the country.
NACA’s confrontational community organizing and unprecedented mortgage program have set the national standard for assisting low and moderate income people achieve the dream of home ownership.
Started in 1988, NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders. Today, NACA has commitments from banks and lenders totaling over $10 Billion for the best mortgage program in America: no down payment, no closing costs, no fees, perfect credit not required, and a below market interest rate. NACA also provides free comprehensive housing services. We have twenty-one offices throughout the country and are expanding rapidly. NACA is a high profile organization that has been 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 eligibility requirements reflect our mission of promoting neighborhood stabilization and economic justice in low- to moderate-income communities. The real estate and mortgage industry is filled with bad actors who contribute to the destabilization of our communities and the exploitation of working people. As an alternative to these predatory practices, we will work with you for as long as it takes to purchase a home, and we will support you for as long as you have your mortgage through NACA. We want you, your family and those close to you to be active NACA participants promoting neighborhood stabilization and economic justice for many years. We hope NACA will become your primary organization for volunteer activities.
The NACA Program is a step-by-step process. Thus, you need to be NACA Qualified for a mortgage prior to looking to purchase a house and making any offers to purchase. All of NACA’s services are free, and you will work with your Housing Consultant for as long as it takes to address your particular circumstances, including that you qualify for a mortgage with payments you will be able to afford for the life of the mortgage.
General Eligibility:- No member of the household can have an ownership interest in any other property: NACA focuses on people who have not been able to purchase a home. The program is not limited to first-time homebuyers; you may participate as long as you do not own another home at the time of purchase. Current NACA homeowners must have lived in their home for at least three years and have been active participants in the NACA program to be eligible to purchase through the program again.
- Occupy the home for as long as you have the mortgage through NACA: NACA believes that owner-occupants stabilize neighborhoods. Therefore we require that you live in your home for as long as you have a mortgage through NACA. NACA takes out a lien on the property—in addition to other enforcement mechanisms—to ensure that homeowners live in the home. This does not prevent you from selling your house for a profit, refinancing your house, or purchasing other property while continuing to live in the house purchased through NACA.
- Participate in at least five actions and activities a year in support of NACA’s mission: Many people say the NACA program sounds too good to be true. It is reality through the active participation of NACA’s huge Membership. Every Member is encouraged to contribute their unique skills to NACA and its mission. There are numerous activities to take part in, including: participating in demonstrations – and sometimes actions of civil disobedience; advocating for legislation; volunteering in the NACA office; participating on the peer lending committee; and assisting Members with the home buying process. Your involvement in whatever way you feel comfortable is essential for NACA to continue to provide free comprehensive housing services and the Best in America mortgage. Thus you will not be able to access the NACA program if you do not participate. We need you to take the initiative and contact your NACA office to volunteer and participate.
REGIONAL ELIGIBILITY:
NACA determines eligibility by regions which include both urban and rural communities. The purchase price limits maintain the focus on stabilizing low- to moderate-income communities and assisting low- to moderate-income people. We do not believe in poor areas for poor people or exclusively wealthy areas, so there are no income limits, and you can purchase one- to four-family homes, condos and coops. The Maximum Purchase Price cannot be exceeded under any circumstances. It is not acceptable for a buyer or seller to provide funds in addition to the mortgage to compensate for a purchase price that exceeds the Maximum. The regions served by the above NACA Office are described below (other NACA offices may service the same regions).
| Region: | Central Georgia | | Description: | | | Maximum Purchase Price: | | Condo: | 200,160 | Single: | 200,160 | Two Family: | 257,000 | Three Family: | 312,000 | Four Family: | 385,000 |
| | Region: | Metro Atlanta and outlying Counties (high cost) | | Description: | Atlanta Austell College Park Dekalb County East Point Ellenwood Fair Oaks Fairburn-Union City Forest Park Hapeville Jonesboro Lawrenceville Lilburn Mableton Marietta Morrow Powder Springs Rex Riverdale Smyrna Suwannee-Duluth and Vinings | | Maximum Purchase Price: | | Condo: | 252,890 | Single: | 252,890 | Two Family: | 284,834 | Three Family: | 346,060 | Four Family: | 399,300 |
| | Region: | Southern Georgia | | Description: | McDuffie, Burke, Washington, Jenkins, Emanuel, Laurens, Screven, Effingham and Evans counties. | | Maximum Purchase Price: | | Condo: | 200,160 | Single: | 200,160 | Two Family: | 256,248 | Three Family: | 309,744 | Four Family: | 385,000 |
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NACA reserves the right to change the eligibility requirements at any time and to make exceptions in NACA’s sole discretion. |
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NEXT NACA SEMINAR
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Updated 07/01/08
Register today as seats fill very quickly!
Manuel Maloof Auditorium
Date: 08/16/2008
Time: 9:00 AM - 1:00 PM
Language: English
1300 Commerce Dr.
Decatur, GA 30030
Workshop is full.
Next Available Seminars:
West End Seventh Day Adventist Church
Date: 09/14/2008
Time: 2:30 PM - 6:30 PM
Language: English
845 Lawton Street SW
Atlanta, GA 30310
Manuel Maloof Auditorium
Date: 09/30/2008
Time: 9:00 AM - 1:00 PM
Language: English
1300 Commerce Dr.
Decatur, GA 30030
Please indicate in the comments section the seminar you are interested in attending.
*I will send your confirmation via email.
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7 Reasons To Own Your Own Home
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Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.
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Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there’s no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS
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found that a typical homeowner has approximately $50,000 of unrealized gain in a home.
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Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.
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Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.
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Predictability. Unlike rent, your mortgage payments don’t go up over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will rise.
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Freedom. The home is yours. You can decorate any way you want and be able to benefit from your investment for as long as you own the home.
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Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.
To calculate whether renting or buying is the best financial option for you, use this calculator courtesy of Ginnie Mae:
http://www.ginniemae.gov/rent_vs_buy/rent_vs_buy_calc.asp?Section=YPTH
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