We have moved into our first home together and boy, has it been a whirlwind. After a long year and a half of toil, hard work, attending meeting after meeting, saving thousands of dollars, searching and combing through real estate sites; we finally closed on our house at the end of September. Praise God for that blessing!
is an advocacy group that helps individuals own their own home regardless of credit, ethnicity or profession in order to build strong and stable neighborhoods. By becoming a member and working through their program we were able to obtain a mortgage/home without paying closing costs or fees and were able to receive a below-market interest rate. To purchase a home through NACA you also don’t have to have perfect credit or a down payment. You can see people from all walks of life and cultural backgrounds in the office on a daily basis trying to achieve a small slice of the “American Dream.”
However, we had a terrible time working with our first mortgage counselor (she now no longer works in the Atlanta office) which ended up setting us back eight months. We were furious that we could have had our home a long time ago. They repeatedly lost paperwork, were unorganized, understaffed, overworked and had poor time management. Many of these things are not uncommon for many non-profits and even some larger for-profit organizations. We were very close to quitting the program and trying our luck with a conventional loan. We ultimately decided that the good heavily outweighed the negative parts of NACA and asked to switch to another counselor. This final action ultimately sped up our qualification process and allowed us to purchase our dream home.
I am proud of how far we have come as a young, still newlywed couple. Buying a home could have driven us apart, but we chose to let it drive us together. My husband and I relied on each other’s strengths and worked to accomplish a shared goal. We argued, fought and listened to each others desires and frustrations throughout the process. Together we have made sound decisions, worked hard to save more than enough money to buy down our interest rate to well below 2.5% (almost unheard of in a conventional loan), and researched markets and neighborhoods that would be a great return on our investment. Once we toured the final house on our list, I knew we had found what we both were happy with in a home.
Reflecting on this process I can’t help but laugh at how stressed and anxious we felt. Many times we had to pause and remind ourselves that no matter what happens, God was going to give what he knew we needed in his own time. His time is always the right time and we couldn’t have agreed more.
I encourage you to take a look at the NACA site if you are interested in purchasing a home. There is literally no better time than right now.