Just watched your video, I didn’t know that if you only have 10 payments or less on your car that it wouldn’t be considered as debt. That’s really great to know. Please keep documenting your Naca journey…. You’ve mentioned things that aren’t noted in other Naca videos that I’ve watched.
I was kind of surprised by that also because I didn’t see it on the other videos either..lol. I will definitely keep documenting and I appreciate you for watching!
Thanks for sharing! Great informative content! You answered a lot of questions I have about the program. Just downloaded the NACA workbook! Each one teach one! Stay blessed and congrats in advance on purchasing your home!!! Looking forward to seeing more content!
Thank you so much!!! I’m really glad that you found it helpful! Everything is happening so fast but I promise more updates are coming soon! lol. Congrats on making that first step! 💕
I'm glad you added info about base rent vs addons because I was wondering about that. I have pet rent, heat, trash and water added to my base rent, so now I know NACA only takes into account that base amount on my lease. That's too bad, since it'll make my payment shock higher.
I’m glad I was able to help! I was shocked because I hadn’t thought about it like that. It really does make a difference when you’re trying to find where the extra savings will come from.
Thank you for sharing. I didyknow about not using Zelle for certain things. I understand now how that can be an issue. No one I have watched has said that.
Yea me too! I thought it would’ve been okay because it was through the bank but they treat it just like CashApp and it just makes it more work for you. Thank you for watching!!
Thank you for sharing. It was helpful. Now I know to leave my money in my savings account. I'm good with saving I just need to leave it in the bank to show on paper the growth pattern. I signed up for a naca workshop beginning next month in March 2022. I'm hoping to gain more insight. I want to buy a home. Thank you I wish you success in home ownership
I’m glad it was helpful! The hardest part for me was saving. Lol. But leaving it in one account definitely does help. Thank you so much for watching and good luck to you on your home buying journey as well!!
@@PottersPages yes I did! I was qualified March 3rd so I’m currently in the housing search now. I have to edit my latest update and then I’ll post it hopefully over the next couple of days.
I am doing the payment shock now. I know they say you have to spend very little. I’m saving the amount they ask for but it seems like I spent more than I made for the month of December. Would they give me a problem for that?
Yes, I believe so. From my understanding, they will require a letter from your parents saying that you pay no rent or the amount that you pay. Then your bank statements would have to show the payments to the your parents for rent or you saving the future mortgage amount each month in your account. It’s kind of hard to explain in text but they do go over it in the homebuyer’s workshop. I hope this helps!!
Hi! Yes, you can but I believe they NACA has restrictions on which program you’re allowed to use in each state/area. A counselor would have more info about it though!
You're qualify. Depending on what you want to pay in mortgage, you'll need that in your savings account (+200). Ideally 3-6 months. You'll want that same amount increase each month in your checking account. Don't move money to your savings!
That’s a good question and I’m not sure. I don’t think so though because it would be hard to show the monthly pattern when statements are quarterly (at least mine are). I think if it is deducted from your account AFTER you’re paid then maybe. But honestly that’s a question for your mortgage counselor because I’m not sure.
In my class they said you can use your 401k towards down payment and as reserve. I am not fully sure. So maybe you can use money you have coming in from work, then use the 401k for down payment and reserve.
Just watched your video, I didn’t know that if you only have 10 payments or less on your car that it wouldn’t be considered as debt. That’s really great to know. Please keep documenting your Naca journey…. You’ve mentioned things that aren’t noted in other Naca videos that I’ve watched.
I was kind of surprised by that also because I didn’t see it on the other videos either..lol. I will definitely keep documenting and I appreciate you for watching!
Thanks for sharing! Great informative content! You answered a lot of questions I have about the program. Just downloaded the NACA workbook! Each one teach one! Stay blessed and congrats in advance on purchasing your home!!! Looking forward to seeing more content!
Thank you so much!!! I’m really glad that you found it helpful! Everything is happening so fast but I promise more updates are coming soon! lol. Congrats on making that first step! 💕
I'm glad you added info about base rent vs addons because I was wondering about that. I have pet rent, heat, trash and water added to my base rent, so now I know NACA only takes into account that base amount on my lease. That's too bad, since it'll make my payment shock higher.
I’m glad I was able to help! I was shocked because I hadn’t thought about it like that. It really does make a difference when you’re trying to find where the extra savings will come from.
Thank you for sharing. I didyknow about not using Zelle for certain things. I understand now how that can be an issue. No one I have watched has said that.
Yea me too! I thought it would’ve been okay because it was through the bank but they treat it just like CashApp and it just makes it more work for you. Thank you for watching!!
Thank you for sharing. It was helpful. Now I know to leave my money in my savings account. I'm good with saving I just need to leave it in the bank to show on paper the growth pattern.
I signed up for a naca workshop beginning next month in March 2022. I'm hoping to gain more insight. I want to buy a home.
Thank you
I wish you success in home ownership
I’m glad it was helpful! The hardest part for me was saving. Lol. But leaving it in one account definitely does help. Thank you so much for watching and good luck to you on your home buying journey as well!!
I have my naca workshop this Saturday. I know yours was recently but have you been able to move along to the next step yet?
@@PottersPages yes I did! I was qualified March 3rd so I’m currently in the housing search now. I have to edit my latest update and then I’ll post it hopefully over the next couple of days.
danm where she been at
Excellent information !
I’ve watched a lot of NACA videos, but I actually learned some great, new info in yours.
Thank you 🙏🏽
Thank you for watching!! I watched a lot of NACA videos also and had no idea about some of these things so I thought I’d share.
Wish you best of luck!!
Thank you so much!!
Did you get the house yet?
Thanks for this in depth video
I’m glad you enjoyed it! Thank you for watching!! 💕
This is a very helpful video. Thank you.
Thank you for watching!!! 💕
I am doing the payment shock now. I know they say you have to spend very little. I’m saving the amount they ask for but it seems like I spent more than I made for the month of December. Would they give me a problem for that?
Great video!
What if you get a new job during the process? Does your monthly mortgage payment and payment shock increase?
Hey love, I’m also in dmv and waiting on my intake meeting in a month.
I most definitely wish we can chat about this…….
Hey girl!! Yesss!! My counselor has been great so far so I hope you have the same experience!
Please feel free to email me at PrissyKrissy15@yahoo.com with any questions you have and I’ll try my best to answer them!
NICE VIDEO
Thank you!
What if you are living with parents? Would they accept a letter?
Yes, I believe so. From my understanding, they will require a letter from your parents saying that you pay no rent or the amount that you pay.
Then your bank statements would have to show the payments to the your parents for rent or you saving the future mortgage amount each month in your account.
It’s kind of hard to explain in text but they do go over it in the homebuyer’s workshop. I hope this helps!!
@@PrissyKrissy15 thank you 🙏🏾
Hi Prissy. Do you know if you could use a downpayment program with the NACA program?
Hi! Yes, you can but I believe they NACA has restrictions on which program you’re allowed to use in each state/area. A counselor would have more info about it though!
@@PrissyKrissy15 thank you for the info!
You’re welcome!
How long did it take you to get into a house?
So if I live at home I wouldn’t qualify since I don’t pay rent?
You're qualify. Depending on what you want to pay in mortgage, you'll need that in your savings account (+200). Ideally 3-6 months. You'll want that same amount increase each month in your checking account. Don't move money to your savings!
Why shouldn’t you move the money to your savings?
Can your contributions to your 401k be counted toward payment shock?
That’s a good question and I’m not sure. I don’t think so though because it would be hard to show the monthly pattern when statements are quarterly (at least mine are). I think if it is deducted from your account AFTER you’re paid then maybe. But honestly that’s a question for your mortgage counselor because I’m not sure.
In my class they said you can use your 401k towards down payment and as reserve. I am not fully sure.
So maybe you can use money you have coming in from work, then use the 401k for down payment and reserve.