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Rainmaker
2,023,230
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

No PMI w/ VA !!!!

Oct 14, 2018 06:37 AM
Ambassador
4,242,457
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Not a fan of NACA but, it is an option that some non-vets use successfully. I prefer a VA loan, Fred.

Oct 13, 2018 10:33 PM
Rainmaker
1,894,983
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Fred Griffin , I hate to admit it but I'm drawing a blank as to what NACA is. What I do know is that I worked with a lot of Vets with the MAFB here and there were often plans that were better for the borrower than a VA loan. Most of ND is eligible for USDA loans yet they so seldom get used and I think it's the best thing out there if you qualify.

Oct 13, 2018 05:50 PM
Rainmaker
1,596,586
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No

Oct 13, 2018 06:53 PM
Ambassador
5,401,094
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I stay away from all of these govt handouts, though the intentions are often good, with the govt involved then results are seldom as effective as they were intended.

Oct 13, 2018 06:14 PM
Ambassador
3,051,660
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Parked and Reading.  My plate is full with real estate.  That is why I work with a trusted lending partner - Tom Parke at Mason McDuffie Mortgage. 

Oct 13, 2018 05:43 PM
Rainmaker
5,571,804
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

not too familiar with that NACA program but you might want to consider it if the buyer's credit score is not high enough for the VA loan... the NACA has no closing costs either, as I understand it.... 

Oct 13, 2018 05:10 PM
Rainmaker
3,460,602
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Fred Griffin I don't have an experience with NACA yet.

Oct 14, 2018 09:46 AM
Rainmaker
1,386,168
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I'm wary of 0 down loans in general.

Oct 14, 2018 09:13 AM
Rainmaker
5,578,436
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I think that Barbara Todaro answered the question, and I learned something new. A

Oct 14, 2018 08:03 AM
Rainmaker
4,799,481
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't know anything about this, Fred.

Oct 14, 2018 06:39 AM
Rainmaker
1,731,614
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

I love questions like these because I learn from the braintrust here.

Oct 14, 2018 06:31 AM
Rainmaker
4,202,677
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Contact Joe Petrowsky as he is licensed in Florida. A valuable go to guy!

Oct 14, 2018 05:28 AM
Rainmaker
1,518,356
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Depends on your location. The main no-down loan in mine is VA loan and yes, a veteran should take advantage of benefits of VA loans( regardless of down payment amount).

There are few other no-down loans are popping up, but again it is specific to a county and a local lender would be the best person to talk to.

Oct 13, 2018 08:52 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

VA is a bit more forgiving on a credit score than FHA but this is not a program I have heard of.

Oct 13, 2018 07:44 PM
Rainmaker
2,062,514
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Yes, but never done anything.

Oct 13, 2018 06:53 PM
Rainmaker
1,231,599
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Parked and waiting for informative answers.  

Oct 13, 2018 05:21 PM
Rainmaker
4,093,732
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hopefully one of ActiveRain's lenders/members knows. Good luck.

Oct 13, 2018 05:18 PM
Rainmaker
1,914,219
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I do not Fred. 

Oct 14, 2018 03:04 PM
Rainmaker
508,283
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

I've heard of NACA but never really work with one.  I'm parked and reading.

Oct 14, 2018 07:07 AM
Rainmaker
1,216,064
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

Not familiar with it but interested in hearing more. You never know when that info might be useful. 

Oct 14, 2018 05:58 AM
Rainmaker
6,597,738
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Just compare the programs.

Oct 14, 2018 03:30 PM
Rainmaker
4,107,196
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I've had a client or two who did NACA but it's been a while. As for it being better than a VA loan... hard to say. I would think it depends on each individual situation.

Oct 15, 2018 06:53 AM
Rainmaker
4,933,131
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Have not heard of NACA, will need to check this out.

Oct 17, 2018 12:12 PM
Rainmaker
4,007,466
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

That is a new one on me.

 

Oct 17, 2018 11:32 AM
Rainmaker
3,985,855
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have found many times a vet would be better getting a conventional loan over all else

Oct 15, 2018 08:02 PM