3.75%

Term: 30 Yr Fixed
San antonio, TX
Lender: Bank of America
  • Mortgage Amount
    $152,500
  • APR
    3.75%
  • Mortgage Payment
    $1,137
  • Property Type
    Single
  • Closed
    02/01/2016
  • Buy-Down
    $0
  • Down Payment
    $0
  • Closing Cost
    $0

We always wanted to be homeowners, but our biggest concern was securing the twenty percent down payment to eliminate the need to pay private mortgage insurance.  Neither of our families were able to provide us with assistance.  So we budgeted and saved to reach our goals, but it was slow going.  When a family member introduced us to the NACA program, we were so excited; our desires could be closer than we thought!
After attending a workshop, we made our first appointment with our counselor.  Since we already operated with a budget, saved money, and kept our debt to a minimum, it only took us a few months to get approved for a home loan.  Looking for and purchasing a home is a trying process, but NACA was with us every step of the way.
Thanks to NACA, we are now able to say we are finally homeowners!