* It's possible to Qualify and Purchase a home in 45 days. * Payment Shock * Counselor Quality Matters
Пікірлер: 94
@zacharylavender15683 жыл бұрын
NACA is not for everyone! I was going to drop out of the program, but I prayed about it and today, I'm in the "mortgage process" stage. Bless God!
@HardenTheGift3 жыл бұрын
Very true. Make sure to get your file into underwriting in 5 days and keep updating income docs and bank statements. Good luck.
@catricedrew24282 жыл бұрын
Thank you for this video. It’s nice to hear from someone who has first hand knowledge. Appreciate your time.
@ashleymcclendon7703 жыл бұрын
Hey! I really appreciate you for this video. I just signed up for your workshop in Illinois which starts next month.
@MotorMikeGardens2 жыл бұрын
How did your process go in Illinois
@ProducedByPOSTA10 ай бұрын
Attending a workshop this weekend I hope I get someone with your energy!
@laurarace54292 жыл бұрын
Thank you sooo much for this video, we needed to get information from somebody who works with Naca!!
@HardenTheGift2 жыл бұрын
You're welcome Laura. I no longer work there, but the info should still be relevant. Good luck!
@GalaxyGyrl8888 Жыл бұрын
@@HardenTheGiftwhy don’t you work there anymore?
@sugatampa98353 жыл бұрын
Thanks for the video!!
@robyn52013163 жыл бұрын
It's really hard when you have a counselor who is completely unresponsive, office manager unresponsive, naca services unresponsive, etc....
@classicredwine3 жыл бұрын
Keep these videos coming please!
@sonya55683 жыл бұрын
Thanks for this
@LolaShayGL2 жыл бұрын
Is it possible to get a down payment grant to help with the MRF? Or assist with the process? I have a counselor, but I understand what you mean. I want someone who is really looking to get me a home.
@yaitzaarroyo53523 жыл бұрын
Hi we have been renting for 3 years never late at $1450, but right now my husband is the only income a low income around $30,000 with a car loan $478 his DtI is high what Naca would expect for us to do We would be find paying mortgage of $1450
@betmak993 жыл бұрын
Another piece of advice people. If you do attend the workshop in December, Naca will tell you to hurry up to signup for membership so that you can get an appointment. The truth is that you will not get an appointment for December. Naca will charge you a membership fee for December and another for the next yr during ur intake session e.g if it is January.
@HardenTheGift2 жыл бұрын
Yes. You should not pat for a membership in December.
@snigglestraggletheatre1749 Жыл бұрын
Thanks for the info ! I can attend the workshop still though ?
@Chula9211 ай бұрын
Great positive feedback
@queenmoebetter64702 жыл бұрын
Hello , what information need to he a house? I have webinar 3-16-22 thanks 🙏🏽
@harrington2142 жыл бұрын
Thank you
@msfeefee99802 жыл бұрын
Thank you ! I’m praying 2022 will be my year. What if your paying what you want to pay in a home? Do you still have to do the payment shock?
@ashleej5272 жыл бұрын
From my understanding no! If you go above what your qualified for than yes, you need payment shock.
@Steve-ge8ji2 жыл бұрын
I had a young lady with bad spending habits and she started crying after the 4th month because she would save and then spend the money even when I advised her that her ending balance needs to increase by $1000.00 month as she wanted a 2k month mtg payment and her rent was 1k month. she asked for another counselor and the same thing happened.....she dropped out and got a conventional loan and was gifted the down payment by a family member
@laurarace5429 Жыл бұрын
Hello and thanks for the information. Do I have to have a savings account for Naca? I'm trying to get prepared with the required paperwork but its so difficult. How I'm going to save if I can't get a house because im a low income? Thanks 😊
@lesliejones36873 жыл бұрын
Good video!!! I've been checking the site over and over. Is this program available in Nashville, TN?
@HardenTheGift3 жыл бұрын
Thanks! The TN office is in Memphis, but I did plenty of loans in Davidson County. Best to you.
@nicoleelizabeth1775 Жыл бұрын
Can you get approved for a 300k home through NACA if other banks are only approving us for 150k?
@charmanevann2843 жыл бұрын
I attended the workshop over six months and had a intake in which I was told to expect a call from a counselor it’s been two months since that appointment and still haven’t received a call
@HardenTheGift3 жыл бұрын
Reach out to the local office. Be polite, and persistent.
@vivettaramkissoon53223 жыл бұрын
I have been working with a counselor now for over 3 years each time she said she is working on my file she does not. I have submitted paperwork over and over . I have the savings over 10,000. I am getting discourage and a want a new counselor
@gracemoore99042 жыл бұрын
Hey there, first thank u so much for these videos it’s been soooo helpful and informative. I do have a question I’m hoping you can help me with. I live in low income housing have been here for 3 years my apartment complex is HUD owned but my partner and I share expenses he pays our rent with his savings account and I pay all of our other bills with my checking I make more than he does And bring in more income but he doesn’t get much money so he withdraws his entire check and we pay our rent with money orders so the savings bank book will not match up with the total in rent? We’ve been here 3 years never been late or missed a payment. This is the only thing I can see holding us up. So can my apartment property manager write out a rental ledger to verify our rental payments and we can write LOE’s for our prior rental payments and continuing forward just pay our rent through my checking account? I don’t want this to push us back we are so ready to do this. I look forward to hearing back from you.
@HardenTheGift2 жыл бұрын
NACA will be concerned about whether the rent is paid on time, and your savings aftwrwards. if you pay woth money orders, you remember to save the receipts for documentation. Usually, the rental ledger will suffice on its own. Worst case scenario, you will have to documemt 3 months of payments from your account. If you have not done so, I also recommend that you see how much your HCV contribution will be towards the purchase of your home.
@thomasklyce23003 жыл бұрын
What if you already have the 4500-9000 savings in the bank when you do the intake will you have to then save morr
@HardenTheGift3 жыл бұрын
How much money you'll need at closing depends on your maximum monthly payment and your preferred monthly payment. I had someone purchase a $250,000 home in Arkansas and they had to put down $25,000 to qualify for the payment. On the other hand, I had someone purchase a home around the same price in TN who only needed $800 at closing. Some applicants have been denied with as much as $300,000 in the bank. NACA will ultimately be most concerned with your Savings Pattern and not the total amount saved,
@msfeefee99802 жыл бұрын
@@HardenTheGift o wow
@FireVirgoTarot2 жыл бұрын
Thank you so much for these Gems! Have you personally used NACA or do you plan to?
@HardenTheGift2 жыл бұрын
You're welcome. NACA is the best loan product in the nation, but the product isn't right for everyone. For example, If your income is above the median for the MSA and you want to by without geographical limits, you should not use NACA. Although I helped many become homeowners through the program, I used an FHA loan to purchase my own home. I might fo a video about the advantages and disadvantages of FHA. Do u think this would be helpful?
@blackbutterfly1517 Жыл бұрын
@@HardenTheGift Yes please do a video on this!
@eric71893 жыл бұрын
I read on a NACA forum that if you're not currently paying rent, your monthly credit card/car loan debt can be counted towards payment shock. Is this true?
@HardenTheGift3 жыл бұрын
The purpose of payment shock is to get a borrower acquainted with the "shock" of having higher debt for X number of months. So, technically, any recurring debt that no longer exists can be counted towards payment shock, if structured properly. I once used clothes purchases and gifts, but the key is that it must be debt that no longer exists and it is ultimately an underwriter judgment call.
@viviannehernandez45153 жыл бұрын
Hello! Any advice for me? My situation is that I am a remote worker for a GA medical office. I am permanently remote and my husband is self employed (remodeling construction). We are located in GA wanting to move to TN closer to family. Are we able to start the process now? Do we need to move to TN before starting? Any MC recommendations in TN?
@HardenTheGift3 жыл бұрын
You can begin the process in GA and get NACA Qualified. The Atlanta office has/had a number of really good counselors. The hispanic/biligual MCs in the Atlanta office are some of the best in the country. I would recommend using them to get qualified and then transferring the qualification to the TN office afterwards (hint: you probably want to tell them that you're looking to get qualified for a purchase in GA). in TN, I think they only have two MCs now, Omar B and Brenda E. Both have been with NACA for years and are competent. I would recommend Omar.
@viviannehernandez45153 жыл бұрын
@@HardenTheGift Thank you do much.
@cindygomez54142 жыл бұрын
So if I’m paying of rent now 1500 because it has gone up by 100 every renewal contract (yearly) but I want to spend no more than 1100 for a mortgage, I wouldn’t need the payment shock that’s my understanding, I want to be completely comfortable paying my mortgage payment and homeowners insurance. I’m in Margate, Florida.
@HardenTheGift2 жыл бұрын
Correct. You would not have to show payment shock in this situation.
@tyronemosley33522 жыл бұрын
@@HardenTheGift I have my first appointment intake session next Month what do I need to be prepared
@tellthemtheyareloved3 жыл бұрын
This has not been my experience with NACA. I'm in a big city, it takes 3 months to get a counseling interview.
@shawndawashington86233 жыл бұрын
Right! I’m in Houston, TX and scheduled for July 2021. That was the first available.
@msdiamondpiggy3 жыл бұрын
@@shawndawashington8623 I had my homebuyers workshop April 10th. And Im scheduled for September for my counselor intake appointment. Im okay with the date. I can clean up my bank statements. And build a clear monthly payment shock in my checking account, that shows growth. Take the time to be fully prepared. Best of luck to you! We on our NACA Journey. I Accepted the far away date, building better money management habits. Dreaming of my house!
@amandaengelman51683 жыл бұрын
There isn't even an initial webinar available in my area for 2 months.
@karendurkin67873 жыл бұрын
Can you help me! I’ve been at this for almost a year I started in July 2020 I’ve had all my stuff I got canceled online meeting several times I had to go through different counselors. I have a good counselor now I’m at the point where I should get approved. I mean how long does it take to get approved I’ve been waiting for almost a month and I have all my paperwork in.
@HardenTheGift3 жыл бұрын
Getting a good counselor is more than half the battle. I no longer work for NACA, but it sounds like you're on the right track. Best to you!
@feliciarichardson73623 жыл бұрын
Do you recommend a specific Office in Georgia? I'm in the Atlanta area.
@HardenTheGift2 жыл бұрын
The Atlanta office has a number of really good counselors. Probably one of the top two offices in the country.
@BeComingNyrell2 жыл бұрын
May I ask, Which state are you in and why have u abandoned the people 😂😩 I kid hope you’re well!
@yvonneshaffer42913 жыл бұрын
What if I pay all my bill and rent on time but it’s not reflected in my credit report receipts is enough?
@NicoleKe2 жыл бұрын
Yes. They will need proof of all the months you paid if it can't be verified.
@aalimfreshboiaa29562 жыл бұрын
Gm im going to start the process in February of next year but i wanted to ask you should i pay off my 2 accts thats in collections. One of the items will be 2 years on my acct in march should i pay it off now or wait until i see my mortgage counselor to discuss it
@HardenTheGift2 жыл бұрын
It is a good thing that you are preparing to pay off the accounts, but I would highly recommend that you not pay off any derogatory accounts until avised to do so. instead work on building your savings.
@shola79873 жыл бұрын
The issue for me is having the checking account statement be the same or more each month. Because money is coming and going its more flexible. The savings is always growing. But the checking account can he different each month. Are their any tips for this?
@HardenTheGift3 жыл бұрын
I have a video that talks about this situation in detail. You have to make sure that the savings acct increases are greater than the losses in your checking account.
@shola79873 жыл бұрын
@@HardenTheGift yes I'm understanding the concept now. Thx
@vanessanelson25143 жыл бұрын
I am not able to reach anyone at NACA. I have called and emailed for about a month and no response.
@amandaengelman51683 жыл бұрын
If I have to put aside the difference for 6 months, how in the heck can I be in a new home in 45 days?
@HardenTheGift3 жыл бұрын
You can use retroactive savings also.
@teep20563 жыл бұрын
Im getting ready to do the workshop on the 27th of this month
@marceabailey61433 жыл бұрын
me too!
@teep20563 жыл бұрын
@@marceabailey6143 Good luck
@marceabailey61433 жыл бұрын
Thanks you too @Tee P
@bassstudent4life3 жыл бұрын
Why is everybody's making video about naca? is that a condition of qualification? I found it very strange.
@ttlynn32133 жыл бұрын
It’s more than likely apart of one of the participation options that you consent to when you go through the program
@betmak993 жыл бұрын
Nahhhh...Actually, it is not a rumor. The truth is that no one gets qualified during the intake session. This is just a gimmick. You guys need to give people better expectations.
@NicoleKe2 жыл бұрын
Why not if you have everything you/they need?
@betmak992 жыл бұрын
@@NicoleKe ask #naca and their games. Intake session is usually someone collecting and reviewing all ur paper work and let u know who ur mc will be. Seeing this mc will now take another 3 months. All I am saying is for naca to be straightforward from the beginning. So that people can better manage their expectations. You don’t have to stress the hell out of people to give them a mortgage because u are actually gaining a lot from people of color. FYI people, their are a lot of hud approved programs out there. Just don’t let naca stress u out
@blackjag121 Жыл бұрын
Hello, Do you have to show child support?
@HardenTheGift Жыл бұрын
Hello - If child support is court ordered it will have to be considered both on the budget and the loan application. But if not court ordered, it depends on the monthly amount as compared to income, and how the support is paid. The exact answer is situational and can only be answered after a mortgage consultant reviews bank statements.
@mgnaturally48232 жыл бұрын
Do you happen to know how to possibly switch counselors? I have been emailing mine for a month with no response. I'm in TN and they have me going through the Memphis office.
@HardenTheGift2 жыл бұрын
Sorry this happened. I'm not sure whether she's still there, but Memphis used to have a wonderful front desk person, Shalondrea. If she can't help, you'll have to contact membe services.
@wallywally64853 жыл бұрын
Hi do you know a good councilor in los Angeles area
@HardenTheGift3 жыл бұрын
I'm sorry, I do not have that information.
@queenmoebetter64702 жыл бұрын
New Subscriber 3-8-22
@ManifestingMillionaire3693 жыл бұрын
Hi. Can you fast track me? My appointment is in July.
@HardenTheGift3 жыл бұрын
Unfortunately, I no longer work for NACA, but I might know someone who can. Which state are you in?
@sutanatyree37582 жыл бұрын
Does NACA help with new construction?
@HardenTheGift2 жыл бұрын
NACA finances new build homes.
@sutanatyree37582 жыл бұрын
I have a specific lot where I would like a home built. Can NACA help me build a home?
@HardenTheGift2 жыл бұрын
@@sutanatyree3758 There are a number of restrictions that would likely disqualify this financing. I recommend attending a workshop to learn more about the qualifications.
@MooreFireEntertainment3 жыл бұрын
Can you get me in and out? I have all of the required documents and funds. I even did a 3 month payment shock. I was supposed to have my Acheive the Dream Event on 4/17/2021, but right when I got to number 29 in the queue someone sabotaged me by deleting my information. I took screen shots of when I was monitoring my queue and the notifications I received both via email and via text. Could you please help since I had to wait a little over 2 months just to attend this event? I am more than ready to be a home owner.
@HardenTheGift3 жыл бұрын
Sorry that happened to you. Which state do u live in?
@MooreFireEntertainment3 жыл бұрын
@@HardenTheGift I reside in Maryland.
@MooreFireEntertainment3 жыл бұрын
@@HardenTheGift are you abke to assist me considering I have everything? I'd really appreciate it.
@HardenTheGift3 жыл бұрын
@@MooreFireEntertainment Sorry. I no longer work for NACA, but the DC office has some really strong counselors.
@marthayahweh-nesi58222 жыл бұрын
I didn’t know achieve the dreams event is still going on? Where do you find the info?