5.625%

Term: 30Yr
Los Angeles, CA
Lender: Bank of America
  • Mortgage Amount
    $810,000
  • Mortgage Payment
    $6,033
  • Property Type
    Multifamily
  • Closed
    8/5/2024
  • Down Payment
    $0
  • Closing Cost
    $0

My name is Teresa Jones. I live in Los Angeles, California, where you know real estate could be very costly and expensive. Through the NACA’s first-time homebuyers program, I had the ability to be able to purchase my first property. With NACA, the great thing about it, you have the option to even purchase a single-family dwelling or a multi-family dwelling. I happen to purchase a four-plex, and I was totally excited at the price I received, which, with the negotiations of my real estate agent, got a price at $810,000, along with my counselor Sharon. She was just so helpful and intricate in getting me the process done and working my documentation. I would recommend anybody to try this program if you are a renter to become a homebuyer. So this program really assisted me. I was renting and paying close to $3,000, and so the same amount that I was paying in rent, now I’m paying as a homebuyer with a couple tenants attached to the property. So income property, I would recommend, is always the way to go. Sharon Bogney was the best. She worked my paperwork. She got it through the process. There is a process, and you have to be patient with the process in order to get to where you’re trying to go. So I recommend everyone to please stay with the process. NACA is real. NACA will get you where you want to go to become a first-time homebuyer. I wish you the best. Bye for now.