No down payment, no closing costs, no PMI, below-market rate. Character-based lending.
NACA (Neighborhood Assistance Corporation of America) offers what Forbes called the only mortgage where everyone gets the same terms regardless of credit score. The program requires zero down payment, charges zero closing costs, has no PMI, and offers below-market interest rates — currently 5.625% for a 30-year fixed for priority members in 2026. With $20 billion committed from partner banks including $15 billion from Bank of America, NACA has helped over 75,000 families buy homes.
The catch is the process. You'll attend a 4-hour workshop, work with a NACA counselor through multiple sessions, demonstrate payment-shock savings, and commit to attending at least 5 NACA events annually after closing. The timeline from workshop to closing often stretches 6-12 months. But for buyers willing to invest the time, there is no cheaper mortgage in America. NACA even allows you to buy down your rate to nearly 0% using seller contributions or grant funds. Multi-unit properties are permitted — you can buy up to a 4-unit building, live in one unit, and rent the rest.
This program can be used on 1-4 unit properties. Live in one unit, rent the others.
We'll show you how to combine NACA Program with other programs to maximize your free money — personalized to your ZIP code and income.