There’s this non-profit called Neighborhood Assistance Corporation of America and they have this loan program with zero down and no PMI. You don’t have to have a stellar or even good credit score to qualify. In fact, they don’t care about your credit score. If you have had a foreclosure or short sale, you only have to wait two years before you can qualify for a loan. Sounds great, right?!
The catch: They require a lot of documentation. A lot. There’s a lot of homework involved in getting a loan, with one of theirs there is even more. But if you are organized and willing to do the work, you could get a really great loan.
Not a catch: This isn’t one of those programs that limits which areas you can purchase your home.
If you are interested in more information about their program, feel free to give me a call or send me an email! During your home search, they ask that you use a Realtor familiar with their program (which by the way, I am!), and I’d be happy to help you get started.