Can You Buy A House Anywhere With Naca. Naca second lien of $25k to ensure you occupy the house and volunteer for naca. With the naca program it is mandatory that you occupy the home for as long as you have the mortgage.
The lien allows naca to enforce its owner occupancy requirement. If your credit is at least 620, you don’t need them because they often take years. The home must be occupied by you, the buyer, for the life of the naca loan;
Instead of spending this money on rent every month, now you can invest it in a home that you actually own!
“naca takes out a lien on the property as an enforcement measure.” Today’s rate on a 30 year mortgage is 2.75%. Borrowers who make more than the median income can only use a naca mortgage to buy a home in certain “priority areas.” Naca is not a grant.
