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Neighborhood Assistance Corporation of America (NACA): The Good, The Bad and The Ugly!
Is the Neighborhood Assistance Corporation of America a Friend or Foe to Loan Officers and Their Clients?
Written By: Karen Deis
As a loan officer, you’re always on the lookout for financing options that work for your clients. Since every client is different, it’s always a good idea to have several feathers in your cap—especially when you have clients with credit issues that keep them from qualifying for more traditional mortgage options. At times, these alternative financing options come looking for professionals like you. This happened recently when the Neighborhood Assistance Corporation of America (NACA) came knocking on the doors of loan officers via email—letting loan officers know it has money to lend.
So, what is NACA all about?
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