What is NACA's maximum LTV for purchases?

NACA's maximum Loan-To-Value (LTV) ratio for purchase transactions is set at 100%. This means that NACA allows borrowers to finance the entire purchase price of the property without requiring a down payment. This policy is particularly beneficial for low-to-moderate income individuals looking to purchase a home, as it reduces the amount of cash required upfront and helps make homeownership more accessible.

When the LTV is at 100%, it signifies that the loan covers the full value of the property, encouraging home-buying by eliminating barriers that might arise from needing to save for a down payment. This approach aligns with NACA's mission to promote homeownership among underserved communities.