COMMON MISUNDERSTANDINGS

 

NACA does not rely strictly on a FICO score.

But they DO evaluate:

• Payment history
  
  


• Rental history
  
  


• Bank statements
  
  


• Budget discipline
  
  


• Debt-to-income ratio
  
  


• Employment stability
  
  

They look at financial behavior — not just a score.

 

“Is this instant approval?”
No.

The NACA process includes:

1. Homebuyer workshop
   
   


2. Intake session
   
   


3. Document submission
   
   


4. Budget analysis
   
   


5. Payment shock requirement
   
   


6. Qualification
   
   


7. Property search
   
   


8. Property approval
   
   


9. Final underwriting
   
   

It can take months.

 

“Can I buy a house in 30 days?”
Rarely.

NACA is known for:

• Strict documentation
  
  


• Heavy follow-up requirements
  
  


• Long approval timelines
  
  

This is not a fast-close program.