How to Buy a House with ZERO Credit or Down Payment

0:00Troy Millings:This is an iHeart podcast. Guaranteed human. Run a business and not thinking about podcasting? Think again. More Americans listen to podcasts than ads supported streaming music from Spotify and Pandora. And as the number one podcaster, iHeart's twice as large as the next two combined. Learn how podcasting can help your business. Call 844-844-iHeart. I'm Clayton Eckerd. In 2022, I was the lead of ABC's The Bachelor. But here's the thing. Bachelor fans hated him. If I could press a button and rewind it all, I would. That's when his life took a disturbing turn. A one-night stand would end in a courtroom.

0:37Troy Millings:The media is here. This case has gone viral. The dating contract. Agree to date me, but I'm also suing you. This is unlike anything I've ever seen before. I'm Stephanie Young. Listen to Love Trapped on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

0:58Troy Millings:iHeart Podcast Awards are happening live at South by Southwest. This is the biggest night in podcasting. We'll honor the very best in podcasting from the past year and celebrate the most innovative, talented creators in the industry. And the winner is... Creativity, knowledge, and passion will all be on full display. Thank you so much, iHeartRadio. Thank you to all the other nominees. You guys are awesome. Watch live next Monday at 8 p.m. Eastern, 5 p.m. Pacific, free at veeps.com or the veeps app. Ego Wodham is your host for the 2026 iHeart Podcast Awards live at South by Southwest. Hello, is anybody there?

1:33Troy Millings:Raised by a single mom, Ego may have a few father-related issues. Are we supposed to talk about your dad? Her podcast, Thanks Dad, is full of funny, heartfelt conversations with actors, including fellow SNL alums, comedians, musicians, and more about life and their wonderfully complicated relationships with their fathers. I think and hope that's a good thing. Get to know Ego. Follow Thanks Dad with Ego Odom and start listening on the free iHeartRadio app today.

2:22Troy Millings:on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Now you're the spokesperson.

2:30Rashad Bilal:So let's start at the beginning with NACA. So I had first been introduced to NACA when my sister was actually going through the program with her late husband at the time, and there was like a seminar that they had to go to, and I was learning. I had never heard about the program before that. They didn't actually go all the way through with the program, which I find a lot of people don't the retention is yeah so a lot of people have criticized NACA because they like it's a lot that you got to go through it's very strenuous so what's the first step in the NACA process like you said going to that meeting it's about three or four hours and that's all over the country right yeah they pretty much break down everything all the benefits of the program the things that you have to do the rules for the program things you can't do to the program um and yeah from there you know you sign up and let them know what date you want to meet with a mortgage counselor it could be up to two years out it could be up to two weeks out but you put whatever date when you're comfortable i tell people all the time don't go until you're ready you know what i'm saying don't go until you're like all the way ready don't go just trying to see what they're gonna say and all that like you know i just don't test the program like no go when you're ready when you know you have your documentation in order you got your two years work history and order you got your two years tax history and audio bank statements order like these are things that all lenders require not just naca so it's like you shouldn't be going to a lender any unless you have this stuff in order anyway but naca is just extra strict about their documentation because essentially you're going to these people asking them for hundreds of thousands of dollars for absolutely nothing your credit ain't shit you ain't really shit like Like most of the time, like for real, for real, all the time.

4:11Rashad Bilal:But these people are still willing to give you a chance. Most lenders, when you go to them in that situation, what they're doing, they're closing the door on your face and giving you a decline letter. NACA, they're going to give you a checklist of things to do and tell you to come back when you have those things done. Your ID with them is still going to be intact. Your file with them is still going to be intact. You're still going to be able to update documents and send stuff in. But they're just not going to qualify you for a loan until you get things marked off that checklist.

4:36Troy Millings:So it's a pretty strenuous checklist.

4:39Rashad Bilal:It's not. It's standard.

4:40Troy Millings:That's what I'm saying. Most people with the common misconception is like, yo, I've seen people say, yo, I tried twice and I just can't get through it. What is it? Is it the fact that they don't have that profile that you just spoke about intact? Or what is the thing that is blocking people from continuing?

4:55Rashad Bilal:So with me, a lot of times, it was my own fault. I was getting in my own way. So just my mentality, you know what I mean? So I'm pointing the finger at them. like a lot of times they'll be like man send us this document or can you resend this and i would get mad and frustrated and want to go back and forth and say they're just sending the document like you know i mean so what if you got to send it twice like it's just stuff get lost stuff get caught up in you know i'm saying things like that and then too a lot of times people get really frustrated because what they don't understand is naka is extremely understaffed they're not for profit they're understaffed and they're overworked and then you got a person like me out here screaming from the mountaintops on EYL, where there's millions of people following, hey, y 'all, y 'all can go get y 'all a multi-unit with the NACA program.

5:37Rashad Bilal:So now there's this rush of people going to the NACA program, and now they're even more overworked and more overwhelmed. So it's like, there has to be a level of patience and understanding when you're taking advantage of a program like this and just really getting like, all right, cool. I know if I exercise patience at the end of all of this, there won't be anything better out there for me. So I made a reel the other day that said, I compare NACA to Tom Brady and Jordan. They're not the biggest. They're not the strongest. They're not the fastest. But they're the best. And the clutch, when it comes to the closing table, when you look at those numbers, they're going to deliver every single time in a championship.

6:15Rashad Bilal:Like, you won't find anybody better. You won't find better numbers ever. And it's the same thing, like I say, with Brady and Jordan. No, they're not the most anything. But they're just the best. And they're delivering the clutch when it's time to. So the steps, all right, so you got to go to the seminar. Yep. That's like an all-day thing? Three, four hours, yeah. And what do they teach you in the seminar? They don't teach you anything. They just tell you about the program, you know, like the benefits of the program, like I say, the rules and different things like that. NACA doesn't teach you real estate.

6:44Rashad Bilal:So, like, if you don't know real estate, you probably need to go learn real estate and then go through the program because I tell people this all the time. No matter what program you're going through, if you're going to buy property, have some knowledge because if you don't you're at that point leaving your agent your attorney whoever to kind of like hijack your deal and lead you wherever it is you want to go as opposed to you quarterbacking your own deal so have some knowledge and some information on this stuff so when you go in you can kind of tell your agent hey look i'm looking for a multi-unit property undervalued that has people living in it already cash flowing you can tell the lender hey look i'm qualifying i'm going to apply for a multi-unit property so don't just qualify me based on my income i'll let you know how much the income the building is generating you know i'm saying like You work with these people and tell them what it is that you're looking for so they can put the play together for you.

7:29Rashad Bilal:You know what I'm saying? But if you don't know anything and you're just depending on these people to do the work for you, you're not going to get anything done because that's not their job.

7:37Troy Millings:So that's one of the things, right? So you have to do your due diligence before you go in. And you have to have your profile ready before you go.

7:44Rashad Bilal:Well, I want to just ask what the profile. So, yeah. All right. So you go through the seminar two hours. Then you meet with a counselor. and that's like an hour and that's and not you know the counselor meeting depends on you know how much of your stuff you got together or not so when you meet with your counselor that's when the thorough you know i mean due diligence start with them background check you know bank statement check man give us your two years tech history give us your two years you know i mean work history you know just like give us your like history of like you know where you've lived for the past 10 years like things like that that they ask you and um some people can get frustrated with it because a lot of times we tend to have the mindset of man i don't want nobody in my business but it's like bro like i said you're going to borrow hundreds of thousands of dollars from these people like it's the bank you need to have a relationship with the bank naca is funded by bank of america so it's no different than going to bank of america city bank whoever to go and get a loan there are going to be certain things that are required and if you're doing anything fraud or scammy or anything like that of course you don't want nobody in your business but if you legit man get these people what they're asking for because they're essentially about to change your life that person that you

8:49Troy Millings:meet let's say you've done those first two steps you know you sit with that person that person stay with you through the process or you pass on to another person your mortgage counselor is with

8:56Rashad Bilal:you throughout the whole process that's who you work with and if there's a time where you know you and your mortgage counselor not getting along they may not be responsive enough you can request a change of mortgage counselor like you have all of those different options to pretty much like i say quarterback your own deal which is what i did and like i told y 'all it's not the easiest process because there are going to be times where they may not get back to you they may not call back like bro i was pulling up to the office like you know i'm saying like what's up like i sent you all my documents i did everything i'm supposed to do like now what's the next steps and you know they will go review the file like you know what mr haymes you're right i'm sorry let me go in and you know i mean push you through or whatever the case may be but if you're not proactive in your own situation nobody's gonna do it for you and i think most times people are used to or i don't know what they used to because you can't be used to anything if you've never bought of property so you don't even know the mortgage process so for you to complain about somebody not reaching out to you or following up with you that's not necessarily your job it's your job to follow up it's your job to send in documentation it's your job to go to the office like with anything that's what i learned like man i have to be the person that's kind of like you know controlling a quarterback in my own situation otherwise people it's not important to other and also it's like like you said you don't even know if you haven't been through the process and And even on a higher level, so we're building homes and, you know, these are million dollar houses and we had to go through a bunch of red tape and send stuff and then they asked for the stuff that we just sent.

10:25Rashad Bilal:Yeah. And it's like, it's a headache and it's a hassle. And it's like, you know, it's not the most efficient... Buying a home is not the most efficient process, period. I love that you just said that because people think it's just NACA. Oh, no, no, no, no. Like, everybody's going to ask you to double send documents. It's not. This is the mortgage process. This is the home buying process. And y 'all don't, y 'all ain't never bought shit. So you don't know. So you just complaining about what you think you should be getting. Just entitlement be beating y 'all ass whole time. Let's just call it what it is.

10:51Troy Millings:Entitlement be beating the shit out of y 'all. That's what we're saying. It's 1 ,000, right? That's the first part of even getting a home. But now we, like I said, we building. So now we're dealing with permits.

10:57Rashad Bilal:Yeah.

10:58Troy Millings:And that's a whole nother process.

10:59Rashad Bilal:And now you got to go through inspections. Inspector might not approve certain stuff. it's like man all this is a time and a patience thing and again no even in sports you're when you're dealing with hundreds of thousands millions of dollars these things take time these things take time and most times when you hear like i say about somebody getting offered like a big contract you hear about them turning the contract down or just not working out or the deal going bad like this is business this is just how business works like i said there are times when you can do everything right and stuff just still won't go your way like it just and then what do you do like you have to get back on the grind you got to get back to it you can't let it discourage you and a lot of times people get emotional about these things that's why you hear so much slander because like now you mad oh naka did this to you naka did that no you just quit like you know you quit the process essentially because if you would have stayed down you would have came up because that's what i did like like and that's what my ex did and that's what my you know i mean friends did like that's what i've helped so many people through this program who listen but it's this it's a mindset thing you know i'm saying most people don't have a mindset in order like i say it's entitlement you feel like you owe something it's like nah man you got to go earn everything that you need that you got out here from property to to business customers like you have to go and earn these things you have to go and show and prove you have to like do what you need to do in order to make things happen and most people operate in a space of instant gratification and i think the internet has a lot to do with that because you see people doing so well and you see people accomplishing things and you see more of the celebratory moments online you don't see the hard behind the scenes grind that it took you don't see the offers that i put in and you know what i mean got turned down or got beat out by cash offers you didn't see the time where i almost lost ten thousand dollars in earnest money because you know i mean the the the the contractors didn't do what they were supposed to do and give me the proper estimates just like it's a lot of things behind the scenes that people just don't know and practicing patience and understanding how this process goals will make your life and just your process way easier when it comes to stuff and just a lot less stressful because it's like it's not easy it's a super stressful process regardless of whether it's naca fha conventional it's a it's a process man and i don't think people understand they gotta be ready for the law i'm clayton neckard in 2022 i was the lead of abc's

13:24Troy Millings:The Bachelor. But here's the thing. Bachelor fans hated him. If I could press a button and rewind it, all I would. That's when his life took a disturbing turn. A one-night stand would end in a courtroom. The media is here. This case has gone viral. The dating contract. Agree to date me, but I'm also suing you. This is unlike anything I've ever seen before. I'm Stephanie Young. Listen to Love Trapped on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. Next Monday, our 2026 iHeart Podcast Awards are happening live at South by Southwest. This is the biggest night in podcasting.

14:03Troy Millings:We'll honor the very best in podcasting from the past year and celebrate the most innovative, talented creators in the industry. And the winner is... Creativity, knowledge, and passion will all be on full display. Thank you so much, iHeartRadio. Thank you to all the other nominees. You guys are awesome. Watch live next Monday at 8 p.m. Eastern, 5 p.m. Pacific, free at veeps.com or the veeps app. Ego Woda is your host for the 2026 iHeart Podcast Awards, live at South by Southwest. Hello, is anybody there? Raised by a single mom, Ego may have a few father-related issues. Are we supposed to talk about your dad?

14:39Troy Millings:Her podcast, Thanks Dad, is full of funny, heartfelt conversations with actors, including fellow SNL alums, comedians, musicians, and more, about life and their wonderfully complicated relationships with their fathers. I think and hope that's a good thing. Get to know Ego. Follow Thanks Dad with Ego Wodum and start listening on the free iHeartRadio app today. Hey, I'm Jay Shetty, host of the On Purpose podcast. My latest episode is with Hilary Duff, singer, actress, and multi-platinum artist. You desire in family, like, this picture, and that's not reality. My sister and I don't speak. it's definitely a very painful part of my life and I hope it's not forever but it's for right now Listen to On Purpose with Jay Shetty on the iHeartRadio app Apple Podcasts or wherever you get your podcasts What if mind control is real?

15:29Troy Millings:If you could control the behavior of anybody around you what kind of life would you have? Can you hypnotically persuade someone to buy a car? When you look at your car you're going to become overwhelmed with such good feelings Can you hypnotize someone into sleeping with you? I gave her some suggestions to be sexually aroused. Can you get someone to join your cult? NLP was used on me to access my subconscious. Mind Games, a new podcast exploring NLP, a.k.a. neurolinguistic programming. Is it a self-help miracle, a shady hypnosis scam, or both? Listen to Mind Games on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.

16:07Troy Millings:This is an iHeart Podcast. Guaranteed human.