NACA will be happy to work with you. NACA does not use your credit score in any manner, though we do work with you on resolving any charge-offs or collections that have happened in the last two years, and your bill payment history must be on time for the past 12 months.
The NACA program offers no down payment, no closing costs, a fixed below market interest rate, and the ability to buy down the interest rate even further, potentially to near zero.
Just go to the NACA website at http://www.naca.com and sign up for a free Home Buyer's Workshop.... more
Absolutely. I know this area very well and would be more than happy to help you with a rental in this area. Please feel free to email or call me to get started. email@example.com or 904-252-0942
FHA loans can be assumed under a couple of different situations. The buyer can summit qualifying information and have the original mortgagee removed from liability, if the new buyer qualifies. In the past, FHA loans have been assumed without qualifying but the original mortgagee is still liable for the loan if the new buyer does not make the payments. The original note and mortgage should have specifics on whether the loan can be assumed and under what conditions. Most assumable loans are at a higher interest rate than what is offered now, therefore, most buyers are not interested in assuming these higher interest rate loans. In addition, you may need a 2nd mortgage in order to purchase the property and pay the seller their equity and sales expenses. There are down payment assistance programs available in Jacksonville, FL for first time home buyers. firstname.lastname@example.org.... more