Which member does not require 24 months on-time payment history to be NACA qualified?

Members with late payments in the last 13-24 months can still be considered for NACA qualification without the strict requirement of a 24-month on-time payment history. This flexibility acknowledges that individuals may have faced temporary financial hardships that led to late payments but have since stabilized their financial situation. The program recognizes the context of an applicant's overall financial behavior, allowing for the possibility that recent late payments do not necessarily reflect their current ability to manage future payments effectively.

In comparison, self-employed members typically must demonstrate a more extended payment history due to the instability that can accompany self-employment. Members who have filed for bankruptcy also face more stringent requirements, as their financial history indicates a significant past financial difficulty. Similarly, those with any mortgage delinquencies are held to strict standards to ensure they can reliably meet mortgage obligations in the future, reflecting NACA's commitment to supporting financially responsible lending practices.