answersLogoWhite

0

Is naca a scam

Updated: 9/16/2023
User Avatar

Wiki User

9y ago

Best Answer

NACA is no scam but it is no cakewalk either.

The Neighborhood Assistance Corporation of America is a HUD certified non profit counseling organization.

If you complete the NACA program you will get a 30 year fixed, no closing cost, no down payment home mortgage at a rate of 3.875% (as of 9-2-14)

To qualify for the NACA mortgage you must meet the following base criteria:

1. 12 months of on time payments on any revolving debt.

2. All charge offs paid off within 24 months.

3. Positive rental history for 24 months.

4. Home must be owner occupied.

5. The expected mortgage payment of the new property must be equal to or less than the affordable figure determeined by NACA

6. Must demonstrate ability to put mney in to savings every month to show ability to make proposed mortgag payment amount and accumulate funds for pre-paid items such as inspections and insurance.

7. Verifiable and recorded income for 24 months, (self employed included)

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is naca a scam
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the meaning of NACA airfoil series 1?

Naca


What is the naca airfoil of the Gulfstream G450?

NACA 0012 with modifications?


Meaning of naca 64a204?

Airfoil of Supersonigjetwing


Why was the NASA created in the cold war?

First there was the National Advisory Council on Aeronautics, or NACA. It was created in 1915 to do aeronautical research, and a lot of its research is still used; the wings on all airplanes are designed as NACA airfoils. NACA also created the cowling used on every radial-engined airplane made since 1927. When spaceflight became possible, NACA was expanded to do research into civilian applications of space, and NACA became NASA. As to why it was created in the Cold War...that falls into the "well, it just happened that way" category.


What is the maximum lift coefficient of a NACA-4412?

Yes


What are the advantages and disadvantages of NACA?

ninte ammenta poooru


When was NASA srarted?

The predecessor to NASA, the National Advisory Committee for Aeronautics, or NACA, was created Mar. 3, 1915. NASA was 'created' by NACA on Jan. 14th., 1958


How long does it take water to heat up to 100 degrees?

Two years 11/2 months and 3 days and 41/2 hours approximately.It has to do with how many thousands of gallons are in the tank , how many are being drawn out and what the BTU input is of the fuel being used100 litres at 60 degrees Celsius = 1 hour (2kw element)150 litres at 60 degrees Celsius = 1.5 hours (3kw element)200 litres at 60 degrees Celsius = 2 hours (4kw element)250 litres at 60 degrees Celsius = 2.5 hours (4kw element)provided all are using 220 volts of domestic electricity


What happend to the first US satellite?

Vanguard I failed to launch. The rocket exploded on the launching pad. NACA ( yes, it was NACA at the time ) was in a hurry to catch up with the Soviets and the launch was pre-mature.


Did congress establish NASA to develop new types of nuclear weapons?

nocongress established NACA in the early 1920s to promote and perform research on the airplane and in aviation in general.congress changed the name of NACA to NASA in 1958, when it added the civilian space program to their responsibilities.neither NACA nor NASA ever had direct involvement in any weapons development, nuclear or conventional.


What does NACA stand for?

Neighborhood Assistance Corporation of America. 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 refinance a predatory loan with far better terms than those provided even in the prime market.


What is the full meaning of NACA?

Its a rude word that describes someone in low class and beneath you.