I MADE AN OFFER ON A HOUSE? NACA HOME BUYING JOURNEY | PRIORITY VS NON PRIORITY | BUY DOWN
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- Опубликовано: 11 сен 2024
- I got a taste of the real home search home offer process... doing a lot of things for the first time and this journey is taking me for a ride... please let me know if anyone can relate lol ...next video will be up later today so thumbs this up and comment if your enjoying this series ♥️
Keep sending those positive vibes cause I'm out here catching all of it. I swear it was stressing me out when NACA wasn't responding during the height of Corvid-19. I was so pissed I decided to apply for FHA 🤦🏽♂️ My inner voice told me to just chill for a couple of weeks and then see if I could actually speak with someone at my local office. I called beginning of June and was able to speak with someone and today I stand before you as a qualified buyer 🤗🤗🤗🤗🤗🙏🏽🙏🏽🙏🏽 Thank you so much for sharing your journey because its truly helping me get through.
Not gonna lie...I could listen to you speak ALL day! You're extremely intelligent and articulate. I LOVE YOU...
Wrapping my head around the fact that I can’t afford to buy a house where I currently live has been a struggle. So I understand the excitement you felt driving to go see the house.
Same here! Ugh and the taxes are $500/month alone. 😬 I’m in Northeast Ohio.
Same her in NJ...smh taxes alone are like $500-$600 a month an that's on a lower end smh I'm going to have to move out of state to afford the amount I was approved for
I'm super excited that you're from Florida. I've spent weeks looking for Florida related NACA videos.
Really enjoying the series!! Hope it ends with you giving us a home tour or starting a home decor series!
RITE!! super excited on what's to come!
Erin Nicole yes, especially since this was last year and now it appears a lot of things are up in the air. I’m glad she’s dropping the videos back to back, the suspense is killing me lol.
I'm just on here trying to learn and listen to everyone who started,or completed the whole NACA process .Thank you and I hope God bless you and your family throughout your process so you can help us with the info.
I’m so proud of you for putting in the work to have such a high credit score. And you’re working to protect it. That’s awesome.
I am so happy to be seeing your face on her talking about equity and getting this much needed information. I have been a day one follower and I absolutely love this facet of your life. Rooting for you!
Thank you so much for this video! This is so real. I am in the beginning stages of getting qualified with NACA. I worked on paying off a lot my credit cards and increased my credit score. As far as on-time payments all around I’m a A+ student. I am looking forward to my first Intake session in February. Your videos are really helping me to understand what to look forward to paper wise and emotionally.
Just got NACA approved! Buy down is now upto four points for 30 and 20 year loans 😢
I am so glad you posted. I am working with this program now, and it has been the best thing I could have done. I think you are right, counselor is key, and mine is great. Its going well, I am happy. TFS 💖
We are in the NACA process and can’t wait to start really looking. Good luck!
Enjoying these vlogs. Let’s hear more about this 800+ credit score you speak of. How did you get there? Any particular strategies outside of making payments on time? Any tips worth making a video about?
I also have 800+ and got it in less than 1 year. Obviously still paying on time is vital but the game changer is dropping your utilization rate (debt on card owed/credit card limit). For 800+ score you want this at 10% or less each month and never exceed 30% on any card by statement closing date.
Strategy
1. Call each credit card company and ask if they can increase your limit without a hard inquiry (hard credit pull), this drops your utilization rate for free instantly.
2. Then ask if they have any purchase promos that drop your APR. This saves you money on junk fees to pay down the debt faster.
3. Pay down as much as you can before the STATEMENT CLOSING DATE rather than just the due date as the balance by the statement date is what is reported on your credit report. The more months in a row of low/ declining utilization, the larger your credit score jumps up monthly. If you want to drop utilzation even faster, do a balance transfer to another card to keep every card 30% or under after getting the limit increased (caution though, do the math to see if the transfer fee makes sense compared to just paying it down monthly on the current card).
4. Remember to stay disciplined in not increasing the debt and you can get the credit limit increased multiple times within the year.
Omg thanks for posting this I’ve seen a couple of videos on naca but no one was as detailed. I’m also a cali resident so I thought it was maybe for the lower cost state but from research I think they have it in my state 😃
Hi!!! Here in 2024, and this is how I met you lol or subscribed. But I purchased and closed on my home a month ago and now in the Rehab process..BOY! NACA is not for the weak! Lol Thanks for sharing your journey and process from beginning to end. I binge watched 😊 take care ❤
Hey hunny, Im glad my info at least helped you prepare because NOTHING can explain like experiencing it lol...but you got this.... take deep breathes through the frustration knowing its all apart of the journey and it WILL be worth every part in the end🌺
@@glamorouswallflower thank you!! I appreciate it! And you are exactly right loving my new home 💞
I agree there is a definite you need me I don’t need you attitude and lack of consistency with info. I would suggest to anyone to join all the NACA forums, boards, social media pages, to get any last minute changes.Would love a credit video
Yeahhhh. I tried to deal with them in the past and they low- balled what I can afford so I dumped them. I knew what I was capable of buying. Good credit score as well in the 700s. Like foh..
What was they saying you could afford?
I love your explanations. It answers certain questions that I couldn’t have answers to. Thanks a million.
I feel like she has grown 20 years in 2 months watching these videos.
Thank you so much for the information. I love how you’re taking your time with such a big purchase. I rushed into my first home and it has been one of the biggest mistakes ever. I’m currently selling it and looking forward to buying a new home next year.
Wish you 🤞 luck
I found you very informative. Appreciate your perspective. I won't be priority but I'm okay with that because I want the feeling of safety and educational information.
👍🏼👍🏼🥰 you know what she said about that house that's how I felt when you told me about that position, you got it just when it's the right time for you. Love you😘
Lol my lil bro birthday is Oct 24th this is funny to me lol but loving ur series on your home buying journey!!
Thank you so much for these videos! I have 2 questions. When do you pay the money to NACA to buy down your interest rate and do they adjust the max amount of mortgage you qualify for once you do so?
Thank you for this. NACA seems great but Did you have to commit to staying in the home until it is paid off? This was a big concern for me and the reason I’ve put on the brakes. Also since your score was good, what prompted you to go with NACA instead of a different route (conventional, FHA, ETC).
It should be 5 years. Also she said she wanted to buy down the interest. Plus no down payment is probably a reason
NACA doesn’t require a down payment and no closing cost. If the seller or a HUD grants you have been approved for helps with a down payment you can apply those funds toward your NACA buy down opportunity.
You can have a great credit score but your DTI may be high. They are making sure you can afford the house payment and still pay all of your other bills as well.
Hi Queen we are our journey to find our home with NACA too. Friday we meet with our realtor.
Congrats in advance on an amazing home buying process!
It’s interesting to know how getting a new job would delay your process
Thanks for sharing the story. I have a question. If u had put in a offer when the price was significantly lower even though the sellers increased the price the next day could you have gotten the house at the lower price?
tsimmonds55 they probably would have just countered her offer.
What real estate agent do you have? Thank you for sharing your experience with the process.
Damn I loved this story. Thank you!!
@glamorouswallflower if you don't mind me asking, are you in the Tampa Bay area?
New subbi here 1st
Keep 👏👏them👏👏coming 😅😅😅
Thank you for these. Girl you just dont know, the struggle!!💚
I’ve put in my 9th offer and each one has been outbid I am trying so hard not to lose faith but this is so hard. I’m in the St. Louis Mo. The market is nuts so it’s competitive I’m trying to see if I should stop or keep going
Freda Jones Yea right now it’s a tough time but in my opinion if it a really what you want keep trying luv, the house that’s for YOU will be YOURS♥️ stay positive
Yes! I’m in Northeast Ohio and the prices are so high and people are paying the asking price so it makes it harder to get a deal. At this point I’m ready to just do a FHA 203k long and just get a month to month lease somewhere in the meantime.
Have you had to volunteer for more workshops?
From what my person told me they cancelled that kind of stuff
Hello , did you have to pay out of your personal pocket for the outside real estate agent, or did NACA assist you with paying the agent?
Cassandra Mullins you don’t pay for any agent , the seller pays their fee
I’m in Florida too
$200 - 400 in taxes... sounds like a dream. I live in Jersey and our taxes can't be justified... at ALL!
thinking about moving to Florida. what city do you live in?
What's a buy down?
Who is your realtor and what state? Looking for Realtor.
So do they consider your credit ?
I have questions. How can I reach you direct. I have a Naca office next to my job
Thanks for sharing, very informative
Good information thank you
At least your counselor gets back with you...mine only did once after our first meeting...after that he don't respond
Same. I ended up reporting them to BBB. This was the only way I made progress.
@@wyn2267 Are you in your home now..My next appointment is November and because he said I only qualified for 528 dollar mortgage he said I should wait, but thinking back on it I can find a home in that range especially me wanting my mortgage not to be over 600 dollars monthly.
@@caroltncc I'm not in there yet. My MC is a piece of work. My application is finally at the bank. So now we're just waiting on a closing date after my city grant goes through. Also, you should look into the grants offered where you live.
@@wyn2267 Congratulations..you are farther along than I am..I'm still hoping and praying to be moved into my home before my lease is up in June of 2021
@@caroltncc thank you love. Unfortunately because my MC is who he is, it's a strong possibility that I'll have to go to a hotel with my three children before I can get into the house. My lease in ending in 9 days.
Thank u 😉
Love
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Hi I’m in the NACA process and I’m looking for a great counselor. Can you share who was your NACA counselor?
Hey where are you located ?
GlamorousWallflower Hey love! Thanks for sharing your experience 💕 I’m in FL- looking in either the Jacksonville or Orlando areas. Can you please message me if your MC is close to either of those cities? Thank you 🙏🏽
I'm enjoying your videos and let me just say regardless you are killing life. Young black woman great credit great income keep doing amazing love
Hey are you in the Miami area? I’m currently in the naca process and am not too sure about my MC as she’s not really responsive. I’m praying for the best as this is my second time trying naca
Low to moderate
These videos don't need to be this long
You don’t need to watch
Commander Crew✊🏽
I’m in Florida too
❤️