Nsc (Naca Counseling Subsidiary) - Richmond, VA in Richmond, VA

NACA (Neighborhood Assistance Corporation of America) was founded in 1988 by the Boston Hotel Workers Union, growing from the first-ever housing trust fund negotiation into a national non-profit organization. Over 36 years, NACA has served 3 million people and helped 500,000 become homeowners, making it one of the largest HUD-certified housing counseling providers in America, responsible for 30% of all HUD housing counseling nationally.

NACA offers a proprietary mortgage product called the "Best in America Mortgage" featuring no down payment, no closing costs or fees, no mortgage insurance requirements, and no credit score consideration. Instead of credit-based underwriting, NACA uses character-based lending that evaluates a borrower's full circumstances. Current fixed rates (as of April 2026) are 5.625% for 30-year, 5.125% for 20-year, and 5% for 15-year mortgages, positioned below market rates. The organization has made $20 billion in mortgage commitments and currently holds approximately 75,000 active mortgages. NACA also provides housing counseling and advocacy services, including campaigns against predatory landlords and Wall Street real estate investors.

NACA distinguishes itself through its explicit focus on closing the racial wealth disparity gap and serving historically underserved communities, particularly low-to-moderate-income people and people of color. Their character-based lending model removes traditional credit score barriers that disproportionately affect these populations. The organization operates on a mission-driven, non-profit model rather than profit maximization, with revenue directed back into member services and advocacy. NACA hosts multi-day "Achieve the Dream Events" nationwide where prospective members can access counseling, meet staff, and begin the qualification process.

However, potential borrowers should understand that NACA membership requires active participation—the organization emphasizes member engagement and volunteer opportunities as part of its community-based model. The "no credit score consideration" advantage applies only to NACA's proprietary mortgage; this is not a mainstream lending product available through traditional banks. Approval requires meeting NACA's qualification standards and attending their events or counseling sessions. Their focus on advocacy and activism, while aligned with their mission, means this is fundamentally different from a conventional lender.