Neighborhood Assistance Corporation of America
Address
656 NE 125th Street
North Miami, FL 33161
(305) 341-0791
AKA:
NACA
Description:
Provides community advocacy and homeownership organization. NACA's primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership.
Is Shelter?
No
Related Resource
Date of Official Change:
July 10, 2023
Geographies Served
Serves All Areas
Address Listings
Physical (Primary)
656 NE 125th Street
North Miami, FL 33161
Mailing
656 NE 125th St
North Miami, FL 33161
Contacts
Bruce Marks
Phone Numbers
MAIN SITE PHONE
(305) 341-0791
Member Services Phone
(425) 602-6222
Services
Click here to show all service details. Or click on a service name to see its details specifically.
Description
Provides free personalized and comprehensive counseling to help determine a mortgage payment you can afford. NACA's counseling and underwriting criteria are character-based and not based on credit scores and ratios. This helps assist working people who otherwise do not have access to affordable credit. Consequently, the vast majority of NACA Members are low to moderate-income many of whom have neither perfect credit nor substantial savings.
Eligibility
See website or call.
Fees
No fees charged.
Intake Procedure
Intake is established through a personalized web-page called a Web-File. Web-File is specific to your specific circumstances that provides updated information as well as your status as you work towards purchasing your home.
Languages
English, Spanish.
Service Area
All Areas
Geography Served
If a location is grayed out it means that only certain areas within it are covered. The areas with complete covereage are listed in black.
Serves all areas
Contact
Telephone Numbers
Description
Helps restructure existing mortgages by permanently reducing the interest rate and/or the outstanding principal to achieve an affordable mortgage payment. Homeowners with stable income are able to permanently reduce their interest rate to as low and 2% and sometimes reduce the outstanding principal saving hundreds and sometimes over a $1,000 a month. If the homeowner is unemployed or under-employed, NACA would provide a forbearance with a minimum payment until they have steady income to have their mortgage restructured. While there are other options such as short-sales and deed-in-lieu, these would result in losing your home. NACA has legally binding agreements with all the major lenders/servicers and investors (i.e. Fannie Mae and Freddie Mac) covering over 90% of homeowners to achieve a mortgage restructure or forbearance. NACA works with all lenders/services and investors whether we have a contact or not. NACA will continue advocating with you to achieve a long-term affordable payment. The only homeowners not eligible are investors who own other properties.
Eligibility
See website or call.
Fees
No fees charged.
Intake Procedure
To begin the process you need to complete the Web-submission which requires the inputting of information about you, your finances and your mortgage. By completing the first section of your Web-submission (information screen), you will receive your NACA Member ID and password by email and become a NACA Member. As a NACA Member you receive all of NACA's comprehensive services and have access to your personal Web-File.
Languages
English, Spanish.
Service Area
All Areas
Geography Served
If a location is grayed out it means that only certain areas within it are covered. The areas with complete covereage are listed in black.
Serves all areas
Contact
Telephone Numbers
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