Local News

Non-profit organization assists workers to become home owners

HONOLULU (KHON2) - A nonprofit organization is helping Hawaii workers reach their dreams of owning a home.

The Neighborhood Assistance Corporation of America will be holding a five-day home ownership event next month. It's open to the public. 

The organization provides pre-approved mortgage loans for low- to moderate-income borrowers with no down payments and no closing costs.

"It's really shown that the dream to have a house is huge in Hawaii," said Local 5 president Gemma Weinstein. "This is their chance to come and see if they can afford a house for just having a one job."

"So it's really positive," said NACA founder and CEO Bruce Marks. "So a lot of people think they can't get done. Because we've eliminated the down payment. We've eliminated the closIng cost. So now if you can afford your rent, you can afford a mortgage. You can find properties in Honolulu and in the state of Hawaii that you can buy."

During the event next month, counselors will help workers figure out what is needed.

Underwriters will also be there to pre-approve mortgage loans.

The event is Friday, July 6 to Tuesday, July 10 from 8 a.m. to 6 p.m. at the Hawaii Convention Center located at 1801 Kalakaua Ave in Honolulu. 

For more information, and a link to the registraton, log onto NACA.com 


Latest Local News