Hi Martha, Its been quite some time since I've completed a NACA transaction, and grant funded programs oftentimes change their rules and guidelines throughout the course of years, however from what I can recollect, the buyer is the recipient of the program grant and not the seller. NACA is a 1st time BUYERS program that offers grant funding to the buyer to assist with their closing costs. You, as a seller would still be obligated to pay your own portion of the closing costs.

Hope this helps! Much success to you in your home sale!

To my understanding Naca will nit charge closing costs to the buyers. Recommendation is to request a % for "Closing Costs", NACA required repairs and / or but down the rate pay by the seller. But If there was no request, then, you will not pay anything to the buyers closing costs or any others.

But as others mention, you are responsible for your closing costs as a Seller. As if it was any other buyer.

In doubt, ask your Realtor to get an Sellers Estimate or a HUD-1 estimate (mde by a title compnay with a set closing date) of your expenses as a seller.

It has been awhile since I have heard of NACA, but I thought it was a program that the seller paid into the program so that the buyers had the closing cost paid on there behalf. I would definately know the ins and outs and my obligations as a seller before I agreed to the contract.
Kim

If a homebuyer is Using NACA to avoid closing costs/downpayment, that does not apply to the home seller. The seller is still responsible for their own closing costs

Martha,

I am sorry, but I am not familiar with this program. I would suggest specifically reading the addendum regarding this type of financing that the buyer will give to you with the offer. It most likely will spell out any financial obligations you will have.