Let me start off by saying I am very happy that I completed the NACA process.  It was worth the stress and the years removed from my life (exaggerating).

From Naca’s Website

The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or modify their predatory loan with far better terms than those provided even in the prime market.

Part I:  The Workshop

I knew it was time to purchase a home because my rent increased by $80 per month.  I owed thousands in income tax (not exaggerating); long story. My ex-manager told me about the Naca program.  After a little research, I decided against it due to the horror stories.  I put my house dreams to the side due to not have 20% to down payment.  I refused to pay PMI.  FHA required PMI. NOPE!!!

One day in late-Feb 2017, I woke up and said I am over this apartment life.

I went to Naca.com to find a workshop.  It is the first step of the process.  In Charlotte, NC the workshops were full for months.  I decided to look in cities around Charlotte.  I found a workshop Blythewood, SC.

Step 1  Read more…