NACA Home Buying Program: Buy a Home with No Down Payment or Closing Costs

Cameron Norfleet
Oct 2
3 min read

Buying a home often feels like an impossible dream, especially when you're faced with down payments, closing costs, and strict credit score requirements. But what if there was a program that eliminated those barriers entirely? Enter the Neighborhood Assistance Corporation of America (NACA), a groundbreaking initiative designed to make homeownership accessible, affordable, and equitable.

In this guide, we’ll explain exactly how the NACA program works, who it’s for, and how we can help you use it to buy a home in your area.

What is NACA?

NACA is a nonprofit, community advocacy organization focused on housing justice. Through its Home Purchase Program, NACA offers what it calls "America’s Best Mortgage", a unique, no-fee mortgage with exceptional terms, especially geared toward first-time and underserved homebuyers.

Unlike traditional lenders, NACA provides extensive financial counseling to ensure buyers are prepared. More than just a mortgage, NACA represents a pathway to stable, long-term homeownership.

Why NACA Stands Out: Key Benefits

Here’s why so many first-time buyers turn to NACA:

No down payment required
No closing costs (NACA covers or eliminates many fees)
No PMI (Private Mortgage Insurance)
Below-market, fixed interest rates
No credit score consideration—they use a character-based underwriting model
Comprehensive counseling and support

These features can save buyers tens of thousands of dollars upfront and over the life of the loan.

Who Qualifies for NACA?

To take advantage of the NACA Purchase Program, you must meet certain criteria:

Must live in the home as your primary residence
Cannot own other real estate at the time of purchase
Must attend required workshops and counseling sessions
Must demonstrate financial readiness (including a track record of timely rent payments and responsible banking)

Buyers are classified as Priority Members (below median income for the area) or Non-Priority Members (at or above median income). Priority Members can buy anywhere; Non-Priority Members must purchase in designated low-to-moderate income areas.

Step-by-Step: The NACA Home Buying Process

Here’s a snapshot of how the process unfolds:

Attend a Homebuyer Workshop – Learn about the program in a group session.
Become a NACA Member – Set up your Web-file, authorize credit checks, and pay a small annual fee.
Meet with a Housing Counselor – They’ll assess your finances, help you build a budget, and set up an action plan.
Work Through Your Action Plan – Pay off debt, establish payment history, and demonstrate affordability.
Get NACA Qualified – Once ready, you’ll receive a qualification letter with your homebuying budget.
Attend a Purchase Workshop – Prepare for the home search and learn the buying process.
Find a Home – Work with a NACA-experienced real estate agent (like us!) to locate eligible properties.
Obtain Credit Access – NACA internally approves your file for submission to the lender.
Close on Your New Home – Celebrate! You now own a home with amazing terms and ongoing support.

How We Help You Buy a Home Through NACA

Navigating NACA's process can be complex, but that's where we come in. Our team has experience working with NACA-qualified buyers and knows how to:

Identify homes that meet NACA's requirements
Help you manage the documentation and timelines
Communicate effectively with NACA counselors and offices
Guide you through every step from qualification to closing

We’re not just agents, we’re your advocates in this process.

Is the NACA Program Right for You?

If you:

Are tired of renting
Want to avoid high upfront costs
Don’t have a perfect credit score
Are willing to commit to the process

…then the NACA program may be the opportunity you've been waiting for.

Ready to Take the Next Step?

Contact us below to start your journey toward homeownership through the NACA program. Whether you need help attending your first workshop, preparing your documents, or finding the perfect home, we’re here to help.

Let’s make homeownership happen—together.