NACA Is Gearing Up For The Next "Save the Dream" Tour 2010

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.

Investing In Working People

The NACA homeownership program is our answer to the huge subprime and predatory lending industry. NACA has conclusively shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers. NACA’s track record of helping people who have credit problems become homeowners or refinance out of a predatory loan debunks the myth that high rates and fees are necessary to compensate for their "credit risk."

Started in 1988, NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders as well as providing the best mortgage program in America with $10 billion in funding commitments. NACA is the largest housing services organization in the country and is rapidly expanding by growing its existing 30+ offices, headquartered in Boston, MA, opening many new offices nationwide, and expanding the services it offers its membership. NACA’s confrontational community organizing and unprecedented mortgage program have set the national standard for assisting low- and moderate-income people to achieve the dream of homeownership.

NACA – America’s Best Mortgage Program

The incredible NACA mortgage allows NACA Members to purchase or refinance homes with:

no down payment,

no closing costs,

no fees,

no requirement for perfect credit,

and at a below-market interest rate.

Everyone gets the same incredible terms, including the below-market interest rate, regardless of their credit score or other factors. NACA also provides free, comprehensive housing services. NACA counsels Members into the extraordinary NACA mortgage using character-based lending criteria that takes each Member’s circumstances into account to determine whether they are ready for homeownership and what they can afford. This is in contrast to risk-based pricing where people are often given loans they cannot afford while brokers and others make tremendous fees and profits.

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Soon, NACA will once again travel across the county in order to help America’s at risk homeowners. Here are some of the projected cities for 2010:

◦Miami, FL April 15-19

◦Chicago, IL May 13-19

◦Atlantic City, NJ May 21-25

◦Los Angeles, CA June 3-7

◦Minneapolis, MN To-be-announced

◦Dallas, TX To-be-announced

◦Jackson, MS To-be-announced

◦Seattle, WA To-be-announced

This is a Save-a-Thon, that means 24 hours a day or over 100 straight hours. We expect many thousands of homeowners with an unaffordable mortgage to attend these events. NACA’s historic Save the Dream Tour has been an incredible success with over 375,000 participants in fifteen cities and many thousands of homeowners receiving same day solutions. Most people have had their mortgages payments permanently reduced by over $500 and many by over $1,000 a month often with interest rates reduced to 3% or 2% and sometimes a principal reduction. All of NACA’s services are FREE. Over 300 NACA counselors will work with you to determine an affordable mortgage payment. In addition, the servicers/lenders have hundreds of staff on-site and in their offices to approve your solution.