I still think that your best bet is to get in touch with a good, quality lender who has the capability and technology to do a rapid rescore for you. So, in other words, they'll pull your credit and look at everything. From there, they can simulate what your credit score would increase to based on having you pay off a couple of things or pay down something. After you do it, they can do a rapid rescore and usually your score will change with the credit rating services within just a couple of days. I had a client pick up 20 points by paying off a $300 credit card. That's huge.
The company that did that for my client was Colorado Mortgage Alliance in Arvada. The lender is David Thomas and his number is 303-467-7676. It's worth a 15 minute phone call and may save you the 3 hours of frustration. Let us know how things turn out.
My only dealings with NACA is when my team and I went to their loan modification expo. They do these in order to "help" people save their homes. Well, what we found were lines of hopeful individuals standing in the rain, desperately wanting answers and only getting more frustrated. We saw disorganization. We saw disappointment after some folks had been there for their 3rd day only to be told that can't be helped. This particular event drew over 40,000 people and they were in no way capable of handling this crowd.
Honestly I don't think they help as many people as they make it seem. I don't know about their loan side, but if I were you I would google them and you will see all kinds of comments that may help you better understand them.
Best of luck!
Seven Gables Real Estate
One of my clients worked with someone that was able to take advantage of this program. Based on their explaination of the program, it seemed confussing and I still don't understand how they are able to offer what they do. It almost seems to good to be true. If you are looking for a program that offers down payment assistance, I would highly recommend CHFA (Colorado Housing and Financing Authority). I have several clients who have purchased a home using this program. Here is a link to their website: http://www.chfainfo.com
The Kentwood Company
I am familiar with NACA but have never closed one. My last closing was with clients who were completely frustrated with a NACA transaction that failed and they were not happy with their NACA assigned agent. I have heard nothing good about NACA. Long convoluted process and often without good results. There are other quality programs available for buyer assistance such as Chafa, Chac, etc. Good success with your purchase. Let me know if I can help you further.
Robert McGuire ASR
Your Castle Real Estate
Direct - 303-669-1246