Copeland – Single
My husband and I needed to buy a home in Boston. My mother has Alzheimer’s and we need to stay close to her. Our jobs, family, and friends are all within the city. Needless to say, purchasing a house in Boston is a daunting challenge due to the prices and limited housing stock. We were concerned about affordability. Friends of ours, who had purchased their home with the help of NACA, insisted that we consider the NACA program and we are glad that we did.
Thanks to NACA, we were able to purchase a home in a great neighborhood in Boston. The unique NACA interest buy down program enabled us to acquire a home with a 1.5% interest rate. This helped us to increase our purchasing power and we ended up with a very affordable mortgage.
In a hot market such as Boston’s, the NACA program is incredibly important for people like us who could otherwise be shut out of the market. We are grateful that NACA was available to us and we often share our story with those who we know are looking to purchase a home.
NACA creates housing equity and stability in cities with markets that often drive out working class families. It provides a very important service. It’s important that it remains a viable program for many years to come.