What type of fees does NACA not charge to its Members?

NACA, the Neighborhood Assistance Corporation of America, is committed to providing affordable housing options and financial assistance without imposing unnecessary financial burdens on its members. One of the defining features of NACA is its dedication to maintaining low-cost services, which includes not charging fees that are often associated with traditional lending practices.

The correct answer highlights that NACA does not impose unauthorized fees on its members. Unauthorized fees are typically those that lack transparency or are not outlined in an agreement, which can lead to unexpected costs for consumers. NACA's mission is to ensure that members can access affordable housing without having to worry about hidden fees or charges that are not authorized or disclosed up front.

In contrast, application fees, credit report fees, and closing costs are more common in the lending industry. While NACA may strive to minimize or cover these costs for its members, they are not inherently unauthorized, as they are part of the standard processes involved in obtaining a mortgage. NACA works to eliminate or reduce these fees wherever possible, but they may still be part of the transaction process. By eliminating unauthorized fees, NACA reinforces its commitment to transparency and fair treatment for all members seeking housing assistance.