That’s why DealDesk Commercial Portal exists.

This is your next-level commercial workflow — built to help you own the deal from the first conversation to lender submission, with a process designed for financeable outcomes and reliable closings. Not vibes. Not guesswork. Not “we’ll see.”

Own the deal with structure

DealDesk is designed to quickly determine whether a deal is:

Submit — ready for lender review

Restructure — fixable with a clear path

Pass — doesn’t pencil, doesn’t fit, or risk is mispriced

That clarity changes everything. It protects your time, your reputation, and your pipeline — because you stop chasing deals that can’t close and start doubling down on the ones that can.

Built for the deals you actually run

DealDesk supports the commercial assets professionals are actively sourcing and financing:

5+ Multifamily DSCR (apartments)

NonQM

Retail Centers / Malls

Industrial / Warehouse

Office

Student Housing

Your advantage: lender-ready packaging (without the chaos)

Commercial underwriting is won or lost on file quality. DealDesk brings coordinated execution to the work that usually gets ignored until it’s too late:

Processor (Intake & Underwriting Setup): organizes conditions, validates docs, standardizes the submission package, and keeps communication tight so your file doesn’t stall.

Researcher (Deal Analysis & Data Validation): checks the T-12 and rent roll for consistency, flags sensitivities, cross-checks risk factors, and compiles a clean story for underwriting.

Now live: standardized data output

With MISMO 3.4 file exporting, you can export standardized loan data for smoother handoffs and cleaner submissions — helping you move faster from analysis to underwriting to closing.

Your next step

Send the property address + asset type + target leverage (LTV) and we’ll tell you quickly whether it’s Submit, Restructure, or Pass — and what it takes to move it toward a dependable closing.

📩 Schedule a demo:

https://lunacal.ai/marshawn/meeting

It’s About Keeping More of What You Earn.

At MKG Enterprises Corp, we’re redefining the Loan Officer model for 2026 and beyond.

Most mortgage companies talk about

❌ BPS

❌ Splits

❌ EPOs

We talk about: ✅ Tax efficiency

✅ Leadership income (overrides & residuals)

✅ Retirement acceleration

✅ Wealth planning for producing LOs

📊 Example Breakdown: • $400,000 in annual LO commissions

• $50,000 in team lead overrides

• Advanced tax planning using: – Solo 401(k)

– Defined Benefit Plan

– S-Corp vs 1099 optimization

💡 Result? Instead of paying taxes on over $225,000, our model can reduce taxable income to as low as ~$78,000—while redirecting capital into your own retirement and long-term wealth strategy.

🚀 This isn’t about working 30 years. It’s about building a 7–10 year exit plan while you’re still producing.

We don’t just recruit Loan Officers. We develop leaders who execute, teach, and build teams.

📞 Want to see how the MKG model works? Call or text 559-421-9868

🌐 Visit: Loan Officer Careers

Produce smarter. Lead stronger. Pay less in taxes.

Welcome to the new Loan Officer model.

How it works:

• Realtors send the Deal Desk team the basics: address/city, units, asking/target price, and any available OM.

• Deal Desk prepares the key deal snapshot for Whales—rents, NOI, T-12, plus an income + property analyzer deal sheet to quickly size the opportunity and align lender fit.

• We match the deal to the right business-purpose loan options and financing path.

• Whale buyer invests a typical 20%–30% down payment and acquires the property in an LLC or corporation (as applicable).

• You move faster with financing positioned early.

Asset types:

Multifamily (5+ units) • Mixed-Use • Retail • Office • Industrial • Warehouse

👉 Reply WHALE or request the intake checklist to get started. (559) 421-9868

Submit an Off-Market Private Listing (Deal Desk Marketplace):

https://tinyurl.com/Deal-Desk-DSCR-Multifamily

Deal Desk Whales®

MKG Enterprises Corp (NMLS #1370394)

Licensed Mortgage Lender & Broker — CA DFPI #60DBO-45224

Why Deal Desk CRE is better

• Pay-per-lead is marketing. Deal Desk is execution.

Pay-per-lead buys prospects and outreach. Deal Desk delivers processing + placement on a real subject property—built to move files to lender decisions.

• Better outcomes through structure, not volume.

In both residential and 1–4, many “leads” stall because the deal needs structure (credit, cash-to-close, appraisal gaps, DTI, reserves, second lien strategy). Deal Desk focuses on solution design—not just more contacts.

• Faster lender responses.

Lenders respond faster to files that are complete, coherent, and sized correctly. Deal Desk produces a lender-ready package instead of a partial inquiry.

• Fewer dead files.

Deal Desk surfaces viability issues early—before weeks are burned chasing missing docs, unclear income, or unrealistic pricing/terms.

• Reduced fallout and re-trades.

Clear assumptions, clean packaging, and the right lender fit reduce surprises that trigger re-trades, added conditions, or last-minute denials.

• More lender fit, less lender roulette.

Pay-per-lead still leaves you searching for the right home after the fact. Deal Desk is built around lender matching and a clear execution path—so you’re not submitting the same file to multiple places hoping something sticks.

• Protects your brand and your time.

Buying leads can create activity without momentum. Deal Desk creates measurable progress—intake → package → lender match → next steps—so you close more and waste less.

MKG Enterprises Corp NLMS 1370394

DSCR Multifamily made easy (559) 421-9868

Submit Real Estate Deals Purchase or Refinance

https://tinyurl.com/Submit-DSCR-Deals

We dive deep into the new Due Diligence Pre-Pay (Application Fee) structure, which streamlines deal intake and helps investors, brokers, and listing agents secure financing for multifamily, mixed-use, retail, office, and industrial properties.

🔑 Key Topics:

1. Overview of the Deal Desk Team’s new CRE financing partnership
2. Accessing over 7,000 commercial lenders in minutes
3. Loan types covered: Multifamily (5+), Mixed-Use, Office, Retail, Industrial
4. How the Due Diligence Pre-Pay fee works per property
5. Real-world examples and cost breakdowns
6. Off-Market CRE Marketplace now available through MKG Enterprises Corp
7. No-commitment, transparent fee structure for smarter, faster closings

✅ Deal Desk Activation Steps:

To activate Deal Desk for your property:

📩 Reply “DEAL DESK” and receive your customized intake checklist + next steps.

DSCR Multifamily made easy (559) 421-9868

Submit Real Estate Deals Purchase or Refinance

https://tinyurl.com/Submit-DSCR-Deals

For FHA, the national floor moved up: one-unit $541,287, two-unit $693,050, three-unit $837,700, four-unit $1,041,125. The high-cost FHA ceiling is now $1,249,125 for one-unit. FHA’s 2026 limits apply to case numbers assigned on or after January 1, 2026.

VA doesn’t work like conforming limits if you have full entitlement—there’s generally no county loan-limit cap—though partial entitlement scenarios still reference county limits. USDA also doesn’t publish one fixed loan limit number; it’s more about eligibility and repayment ability.

And for buyers shopping above the new conforming cap, MKG Enterprises Corp NLMS 1370394 can structure solutions—like pairing a conventional first with a structured seller-carry Closed-End Second Mortgage—to keep deals moving without forcing a jumbo path.”

www.mkgenterprisescorp.com

The market doesn’t reward hustle anymore—it rewards infrastructure. MKG Enterprises Corp is a full-stack financial marketplace built to help you get more approvals, more deal flow, and more revenue lanes—without rebuilding your business every year. Partners get access to one ecosystem:

Deal-Closing Lending Tools • Closed-End 2nd Mortgage (CLE2M) to bridge financing gaps • DSCR & Commercial Lending • HELOCs + Credit Track (Credit Simulator) • FHA | Conventional | VA | USDA | NonQM | Jumbo Wealth + Investor Solutions

• 1031 Exchange Alternative

• SDIRA Accounts

• Accredited Investors Deal Room (Multifamily 5–100 units) Growth, Lead Flow + Automation

• Broker Realtor Connect

• FSBO opportunities

• Affiliate income channels

• Ava AI Agent (follow-up automation) Back-Office + Business Services

• Tax prep

• Business incorporation

• Gusto Payroll

• Wise Payments

• Mortgage Protection (Instant Decision)

• Career paths + pre-licensing, training & CE Stop losing deals to gaps, slow follow-up, and lack of backend support. Start operating a real platform.

🌐 www.mkgenterprisescorp.com

MKG Enterprises Corp | NMLS 1370394 | Not a commitment to lend. All loans subject to underwriting and approval.

Thinking of buying a home but not sure if your credit is ready?

Take control of your financial future with MKG Enterprises Corp.

Our Credit Simulator Service shows you exactly what steps to take to improve your credit and get pre-approved for a mortgage—with no monthly fees, just a simple one-time investment.

Individual Package – $76.20

• Tri-Merge Credit Report (valid 90 days for mortgage pre-approval)

• Personalized credit improvement insights

• One-time Credit Simulator Add-On: $28

Joint Package – $152.05

• Tri-Merge Credit Reports for both applicants

• Joint Credit Score Simulation

• Shared strategy to qualify for home financing together

Start your path to homeownership today.

Call/Text (559) 500-0861

https://www.mkgenterprisescorp.com/credit-track-credit-simulator

Make the right choice for your future

Are you torn between buying or renting a home? The decision is never easy, but we're here to help you make an informed choice. Introducing Buy vs Rent Comparison - your ultimate guide to making the right decision for your future.

With Buy vs Rent Comparison, you'll get access to a free market report that goes beyond just comparing monthly payments. Our mortgage advisors will provide you with valuable analytics and insights that will help you understand the long-term benefits of buying a home.

Through our market report, you'll not only get an estimate of your potential monthly payments for both renting and buying, but also gain valuable knowledge about the future value of your dream home. Plus, we'll highlight the possible tax savings that come with homeownership.

Don't let uncertainty hold you back from achieving your dreams.

Buying vs Rent Presentation: http://mbshighway.com/view/1KJu-br

Contact a mortgage advisor today:

https://www.mkgenterprisescorp.com/loan-programs now and choose your starting point towards a brighter future!

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact a mortgage advisor for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the

This comes directly from HUD’s Mortgagee Letter 2025-09. Why the change? The federal government is tightening access to FHA benefits to only U.S. citizens and lawful permanent residents.

This means:

• No more FHA loans for buyers with work permits, student visas, or temporary immigration status.

• Your buyer MUST have USCIS documentation or be a citizen of the Marshall Islands, Palau, or Micronesia.

This is a critical update—especially in diverse markets like ours where many hardworking families rely on FHA for their first home.

What to Do Now:

1. Pre-screen for residency status immediately.

2. Use MKG’s FHA-qualified preapproval system.

3. Schedule a call with me—we’re here to help you stay compliant and close deals.”

“Don’t let policy changes cost you commission.

MKG Enterprises Corp Mortgage Broker NLMS 1370394

website: https://mkgenterprisescorp.com

(559) 337-5990

Equal Opportunity Lender

Owning a home is a key step toward building Generational Wealth. Real estate provides several long-term benefits:

• Physiological Needs: Homeownership fulfills basic needs for shelter and stability.

• Safety and Security: A home offers job security, personal safety, and financial stability.

• Love and Belonging: It fosters family relationships, creates a sense of belonging, and provides a secure environment for future generations.

• Self-Actualization: Achieving homeownership represents living the American dream, as it empowers individuals to take control of their financial future and build equity.

Homeownership directly ties into Maslow’s Hierarchy of Needs, providing both basic and higher-level psychological fulfillment, from safety to self-actualization.

Helping Disadvantaged Communities: A Black Mortgage Professional’s Role

When a Black mortgage professional is perceived to be “pro-Black” for helping disadvantaged homebuyers, it’s essential to understand the difference between promoting equity and exclusion. By assisting historically marginalized communities, these professionals work to close the wealth gap created by systemic practices like redlining, focusing on ensuring everyone has an equal opportunity to own a home.

1. Addressing Historical Discrimination:

Black mortgage professionals help correct the historical injustices of redlining by supporting disadvantaged buyers who have been systematically denied homeownership.

2. Promoting Equity, Not Exclusion:

Focusing on helping disadvantaged communities is about leveling the playing field, not excluding others. Equity is about ensuring all individuals receive the support they need based on their circumstances.

3. Empowering the Disadvantaged:

Programs and services aimed at helping Black homebuyers empower families to achieve financial stability and homeownership, helping to reverse the effects of redlining.

4. Correcting the Effects of Redlining:

The legacy of redlining continues to affect Black communities today, and Black mortgage professionals play a critical role in providing access to homeownership opportunities and promoting economic mobility.

Tune into the Dough Bess Podcast Show

Want to learn more about building generational wealth through real estate? Tune into the Dough Bess Podcast Show on Friday, September 20, 2024, at 7:45 PM, where special guest Mar shawn Govan from MKG Enterprises Corp will discuss how first-time homebuyers in Fresno, California, can start their journey toward homeownership and financial success.

Conclusion

The Fresno DMA real estate market, shaped by the history of redlining and evolving federal policies, presents both challenges and opportunities for homebuyers. By promoting generational wealth through real estate and addressing systemic inequalities, mortgage professionals like Marshawn Govan are helping disadvantaged communities achieve financial stability and homeownership.

MKG Enterprises Corp is dedicated to monitoring market trends and offering the best rates to support your homeownership journey. Visit www.mkgenterprisescorp.com to check your rates and start building a secure future for you and your family.

Apply today

https://www.mkgenterprisescorp.com/

Are you a licensed real estate professional seeking to enhance your earnings? Our exclusive Real Estate Referral Agent Program offers an excellent opportunity to earn additional income through real estate referrals that successfully close escrow.

**Maximum Referral Reward**: Benefit from a maximum agent referral of up to $10,000 per transaction, offering significant earnings for your referrals.

https://bit.ly/3SJtX81

Eligible on 15-and 30-year fixed conventional and high balance loans and 7- and 10-year ARMs

Available on primary, second and investment property purchases and rate/term refinances

700+ FICO, up to 95% LTV

11-month maximum build period with 1-month modification period

Loan amounts up to the conforming loan limits

$726,200 for regular one-unit loans (increased from $647,200 in 2022)

$1,089,300 for one-unit high-balance loans (increased from $970,800 in 2022)

City/ County Zoning/ Permitted as a single family residence

Allowance for Duplexes 1-4 units

Detached condos

Prohibited one-time construction loans property types

Owner-Builder

ADUs

Manufactured homes

Unique property types

Brandominium homes

Shipping containers homes

Start your one-time close new construction loan application process by creating an account at

https://bit.ly/3PyuXss

MKG Enterprises Corp Third-Party Originator is please to offers Home Equity Lines of Credit up to 85% LTV with 640 credit score minimum loan amount $75,000 can be a standalone or Piggyback HELOC

Standalone HELOCs are a popular option for homeowners looking to access cash to consolidate and pay down debt, allocate money to home improvements, or cover life events.

A minimum 640 FICO score is required, as is a $25,000 minimum credit line, the initial draw must be 75% of the credit line. For line amounts up to $250,000, only an approved automated valuation model (AVM) is required. For amounts over $250,000, a full appraisal is required.

Piggyback HELOCs allow qualified conventional borrowers to secure a new mortgage on the home while opening a home equity line simultaneously. This is an option for borrowers who want to split up a first and second mortgage to avoid mortgage insurance, or to keep their first in a conforming loan.

Piggyback HELOCs are available on primary and second home purchases, rate/term and cash-out refinances on conventional loans. Loan amounts can be up to $350,000, and a minimum 680 FICO score is required. The minimum line amount is $10,000 and the initial draw must be 75% of the line amount. For line amounts up to $250,000, an appraisal waiver is accepted with an approved AVM.

Both the Piggyback and Standalone HELOCs are not applicable in Texas.

Apply for a HELOC today

Easy and Secure On-Line Loan Application

https://bit.ly/3NP4bwC

The Dream For All Shared Appreciation Loan program is designed to empower first-time homebuyers by offering up to 20% for down payment or closing costs, with a maximum limit of $150,000.

This invaluable assistance can be utilized in conjunction with the Dream For All Conventional first mortgage, facilitating the realization of homeownership dreams.

For more information about the Dream For All Shared Appreciation Loan program and to ascertain eligibility criteria, please visit MKG Enterprise Corp's website at

Learn more online

www.mkgenterprisescorp.com/blog/fair-lending-with-artificial-intelligence/

MKG Enterprises Corp bridge loans can provide the leverage on both your purchase and repairs that you need to grow your real estate portfolio. Benefits include:

Up to 90% of your Purchase and Repairs*.

Receive Financing in as little as a week

Build a trusted partnership with one mortgage broker for all your properties

Strategic planning to help scale your business

Advantages of our Fix and Flip Loans

No hurdles – flexible loan options designed to meet your strategic needs

Fix to Rent (Buy-Rent-Rehab-Repair) friendly  - easy options to convert to Rental loans

Up to 24 months interest only terms

No pre-payment penalty

Portfolio Rental Loans

For real estate investors interested in financing rental portfolio deals of 5 properties or more, consider our portfolio rental loans. Investors have the option of either recourse or non-recourse portfolio loans when they apply. Experience the benefits of combining multiple rental deals into one loan for either new purchases, rate and term refinances, or cash-out refinances.

For investors with portfolios looking for the longest term possible with more prepayment flexibility.

30-Year Fixed Rate Term and 5/1

30-Year Amortizations

Max LTV: Up to 75% of the stabilized value

Minimum $500K to Maximum $2M

For investors with larger portfolios looking for the best rate possible and non-recourse options.

5 and 10-Year Fixed Rate

30-Year Amortizations or Interest Only

Max LTV: Up to 75% Purchase/Refinance

Minimum $1M to Maximum $50M

Additional Terms for All Portfolio Rental Loans

Allowable Transactions: Purchase, Rate/Term Refinance, Cash-Out Refinance

Eligible Properties: Single Family Residence, 2-4 Unit Properties, PUDs, Condos (with restrictions) and Townhomes

Eligible Borrowers: LLC and Corporations. Sponsor: US Citizens and Permanent Resident Alien, Foreign Nationals w/ restrictions.

Apply online 

https://www.mkgenterprisescorp.com/fix-and-flip-bridge-loans/

Are you torn between buying or renting a home? The decision is never easy, but we're here to help you make an informed choice. Introducing Buy vs Rent Comparison - your ultimate guide to making the right decision for your future.

With Buy vs Rent Comparison, you'll get access to a free market report that goes beyond just comparing monthly payments. Our mortgage advisors will provide you with valuable analytics and insights that will help you understand the long-term benefits of buying a home.

Through our market report, you'll not only get an estimate of your potential monthly payments for both renting and buying, but also gain valuable knowledge about the future value of your dream home. Plus, we'll highlight the possible tax savings that come with homeownership.

Don't let uncertainty hold you back from achieving your dreams.

https://youtu.be/3rhnV8xnvBo

Buying vs Rent Presentation: http://mbshighway.com/view/1KJu-br

Contact a mortgage advisor today:

https://www.mkgenterprisescorp.com/contact-us/ now and choose your starting point towards a brighter future!

Are you tired of juggling multiple debts and high-interest rates? It's time to take charge and start fresh! Introducing Debt Consolidation - the solution to your financial worries.

With Debt Consolidation, you can refinance or cash-out refinance your mortgage at a great rate. Start the new year with a clear path to financial freedom by consolidating your debt and paying off your mortgage faster.

Our team of experts are here to guide you through the process. Whether you have a minimum FICO score of 620 for Conventional loans or 500 for FHA loans, we have options that suit your needs.

Imagine the peace of mind that comes from rolling all your credit card and car loan debts into one manageable monthly payment. Say goodbye to high-interest rates and hello to savings! Contact our mortgage advisors today to explore the best loan options for you.

Don't let debt hold you back any longer. Take advantage of our Debt Consolidation presentation to gain insights into how this life-changing solution can transform your financial future. Visit http://mbshighway.com/view/1KMH-dc-1 now!

 Contact a mortgage advisor now to explore your loan options

(559) 337-5990

Debt Consolidation Presentation

http://mbshighway.com/view/1KMH-dc-1

Contact us

https://www.mkgenterprisescorp.com/home-refinance/

Real estate investment is a powerful wealth-building strategy, and for business owners, it just got even more accessible. MKG Enterprises Corp proudly presents DSCR Loans, short for Debt Service Coverage Ratio Loans, designed to transform your real estate ambitions. Unlike conventional mortgages that hinge on personal income, DSCR Loans revolutionize the game by evaluating the cash flow generated from investment properties to secure your mortgage.

Apply online

https://mkgenterprisescorp.com/dscr-loans-/

**The Advantages of DSCR Loans:**

1. **No Income Verification:** One of the most remarkable benefits of DSCR Loans is the freedom from the traditional hassle of proving your income or sharing employment details. This is a game-changer for investors with variable income sources.

2. **Gift Funds Welcome:** We understand the need for flexibility in financing your real estate ventures, and we go the extra mile by embracing gift funds. That's the kind of support you can expect from us.

3. **Customized Down Payment Options:** Tailor your investment strategy to your specific needs with a choice of minimum down payments set at 20%, 25%, or 30%. Your real estate goals, your way.

How Rates Impact the Housing Market

In general, when interest rates are higher or increasing, the housing market slows down. When interest rates are going up, the cost of owning a home becomes more expensive due to the higher interest rate, which reduces demand. This reduction in demand then results in a drop in home prices.

When the Fed increases rates to slow down the economy, particularly in times of inflation, the above goal is what it's looking for; a reduction in consumer spending that results in a drop in prices.

Conversely, when interest rates drop, the cost of buying a house becomes cheaper, which increases the demand for housing. Lower interest rates go hand in hand with a bustling housing market. This increase in demand then slowly increases home prices.

Why Buying is Still Better Than Renting?

As a renter, you don't build equity over the long term and if you leave, you don't get to take any profits with you. Owning a home can be empowering and emotionally rewarding. The money you spend on your mortgage every month and improving your home yields a long-term investment benefit for you instead of a landlord.

Great News for First-Time Homebuyers!

In the world of real estate, conventional wisdom has long held that the best time to buy a house is when interest rates are low. It's an understandable assumption, given the seemingly logical relationship between interest rates and housing prices. When interest rates rise, it becomes more expensive to borrow money for a mortgage, and this, in turn, should reduce the demand for housing and cause home prices to fall. Conversely, when interest rates drop, the cost of buying a house becomes cheaper, which should stimulate demand and drive home prices up.

And here's some great news for first-time homebuyers: MKG Enterprises Corp is excited to introduce our new down payment assistance programs that come with NO income limits! Eligibility is open to U.S. citizens, permanent resident aliens, non-permanent resident aliens, and even DACA recipients. Plus, we've got you covered with various eligible property types: 1-unit residences, 2-4 unit properties, FHA approved Condos, and both single-wide and double-wide manufactured homes.

With a minimum credit score requirement of just 580, you're closer to homeownership than you think. And guess what? This program isn't limited to first-time homebuyers! You can apply even if you own other properties.

To apply for these amazing programs, use our easy and secure online loan application https://mkgenterprisescorp.com

Please note that specific loan program availability and requirements may vary, so it's best to get in touch with your mortgage advisor for more information. Don't miss out on this opportunity to own your dream home, even when interest rates are high!

In a game-changing policy shift, Fannie Mae is ushering in a new era of multifamily homeownership. Starting November 18, 2023, homeownership dreams become more achievable with a reduced 5% down payment requirement, coupled with a minimum FICO score of 580. MKG Enterprises Corp is also offering 5% percent down payment assistance, further expanding your financing choices for multifamily homes.

This policy overhaul extends to standard purchases, no-cash-out refinances, HomeReady, and HomeStyle Renovation loans for owner-occupied transactions. It opens doors for first-time buyers and those seeking respite from burdensome mortgage payments. The financial horizon widens, providing you with flexible options.

Notably, the maximum loan amount for 2-4 unit properties is now set at $1,396,800, giving you the flexibility to invest in larger and more valuable properties. Additionally, the removal of the FHA self-sufficiency test for 3-4 unit properties simplifies the pre-approval process, streamlining your path to multifamily homeownership.

Don't miss the opportunity to explore your multifamily homeownership options. With these changes taking effect after November 18, 2023, prospective buyers have time to prepare and assemble the necessary documents for a seamless application process.

Apply Now 

https://mkgenterprises.my1003app.com/1370676/register

Contact Us (559) 337-5990

We are seeking forward thinking people, who produce results rather than wait for them. You will not be micromanaged; but you will need to meet specific expectations and it will be entirely up to you to make sure that this happens. You will be backed by one of the strongest, most supportive and technical investment transactions leadership teams in the industry and we are all committed to the success of the wholesale broker enterprise.

We are currently looking for energetic, hardworking and knowledgeable team members for the position of Mortgage Loan Officer at MKG Enterprises Corp**

Apply online

https://www.mkgenterprisescorp.com/employment/

City of Fresno DPA Available. FHA loan limits apply $472,030.

33/43 percent of "MAP" Mortgage Assistance Program Income limits

1 Person - $46,200 Maximum Purchase Limit $200,000

2 People - $52,800 Maximum Purchase Limit $225,000

3 People- $59,400 Maximum Purchase Limit $250,000

4 People - $65,950 Maximum Purchase Limit $280,000

5 People - $71,250 Maximum Purchase Limit $300,000

6 People - $76,550 Maximum Purchase Limit $325,000

7 People - $81,800 Maximum Purchase Limit $346,000

8 People - $87,100 Maximum Purchase Limit $370,000

Get Pre-Qualified

https://bit.ly/3PyuXss

Determines borrowers Capacity ability to make interest and principal repayments on a loan, using his or her disposable income or cash flow.

Specific loan program availability and requirements may vary. Please get in touch with the mortgage loan officer for more information.

All products are subject to credit and property approval. Program terms and conditions are subject to change without prior notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. The following content is for informational purposes only and not meant for legal, tax or professional accounting advice.

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 1370394 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 1370676 or Licensed by the Department of Business Oversight under the California Finance Lenders Law, 60DBO-45224

Say goodbye to lengthy paperwork and hello to a streamlined closing experience. Ready to get started?

Visit https://1l.ink/34FCMVS today!

With TRU Approval, homebuyers can place offers on properties without the need for a loan contingency. This means that their offer carries the same weight and assurance as a cash offer, making them stand out in competitive real estate markets. By eliminating the loan contingency, buyers can increase their chances of securing the property they desire.

What sets TRU Approval apart is the thorough review and underwriting process conducted by Sun West Mortgage. The mortgage application is meticulously assessed, including a comprehensive review of the borrower's financial documents, credit history, and income verification. This thorough evaluation ensures that the buyer is well-qualified and capable of fulfilling their financial obligations.

Additionally, TRU Approval comes with a Sun West Conditional Guarantee, providing an added layer of assurance. This guarantee demonstrates the confidence that Sun West Mortgage has in the loan approval process and further strengthens the buyer's position.

By offering TRU Approval, MKG Enterprises Corp. Wholesale Channel and Sun West Mortgage aim to empower first-time homebuyers and provide them with a competitive edge in the real estate market. The ability to submit an offer without a loan contingency can expedite the buying process and increase the likelihood of a successful transaction.

If you are a first-time homebuyer seeking a home loan, consider exploring the TRU Approval option through the MKG Enterprises Corp. Wholesale channel. With this unique opportunity, you can enhance your purchasing power and confidently pursue homeownership with the strength of a cash offer and the support of a Desktop Underwriter (DU) approval conditional guarantee.

Apply for a home loan with down payment assistance. FHA limits apply $472,030

https://bit.ly/3BHBaxc

The maximum loan-to-value (LTV) factor is 96.5% for a purchase case and 97.75% for a refinance case.

So if your purchase price is $265,000 and the ARV after repair value is $325,000 your maximum 203k loan amount is $313,625 this includes the purchase and renovation.

Qualifications 580 FICO

Community Benefits

Whether you are a homebuyer, a homeowner, a real estate agent‚ a contractor who specializes in home improvements or a government official looking for options to help meet your community’s housing needs, 203k loan is a great option for first-time homebuyers.

Homebuyers can:

• Improve less-than-perfect homes in desirable locations

• Address property problems or shortcomings right away

Homeowners can:

• Upgrade or expand to enhance the value of their home

• Repair or remodel their home without draining their savings

Real Estate Agents

Move hard-to-sell listings by helping potential buyers envision remodeling possibilities.

Suggest financing options that may generate listing and selling commissions.

Watch "FHA 203k Renovation Loan Product" on YouTube

Youtube product overview

Contractors

Improve cash-flow

Provide estimates, knowing that financing has been approved.

Feel confident they will receive payment for work completed in a timely manner.

Governments

Local governments can: Suggest financing options to buyers interested in foreclosed properties owned by their municipality.

Make constituents aware of renovation options that may make their homes more energy efficient

Apply online HomeReady

https://bit.ly/42g6SfF

Yes repairs will be done after the loan closed on 203K loans.

Fresno County 203k loan can’t exceed 96.5% of $472,030.

Maximum rehab loan amount is $455,508. Rehabs above $35,000 requires a 203k HUD consultant.

The good news is that you can use several tips and tricks to save money and cut expenses. Let's explore some ways you can save money for a down payment.

DPA

https://www.mkgenterprisescorp.com/first-time-homebuyer-dpa-program-/

* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.

Without Breaking The Bank

Must have a minimum 620 FICO

Must be employed and currently working at your job for at least 2 years

Participate in a Employer Retirement Plan 401k, 403b, Safe Harbor 401k.

Have at least 3/mo to 6/mo reserves $6,561 -$13,122 saved in the bank.

DTI less than 43%

If you meet all the requirements above you may be eligible to qualify for DPA and buying a home without breaking the bank.

Down Payment Assistance Programs

$23,601 -$100,000 Forgivable Loan

https://www.mkgenterprisescorp.com/first-time-homebuyer-dpa-program-/

Disclaimer

All products are subject to credit and property approval. Program terms and conditions are subject to change without prior notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. The following content is for informational purposes only and not meant for legal, tax or professional accounting advice.

Don’t miss out on this chance to get a large sum of money with zero interest! Invest in yourself and make your dreams a reality. Get financial security and peace of mind to turn your dreams into reality and own your home.

Apply now for the City of Fresno DPL 5-Year Forgivable Loan and make sure you don’t miss out on this great opportunity!

Apply for DPA

https://www.mkgenterprisescorp.com/first-time-homebuyer-dpa-program-/

All products are subject to credit and property approval. Program terms and conditions are subject to change without prior notice. Not all products are available in all states or for all amounts. Other restrictions and limitations apply. The following content is for informational purposes only and not meant for legal, tax or professional accounting advice.

The City of Fresno Mortgage Assistance Program will provide down payment assistance. The City’s second mortgage loan will be a 15-Year Forgivable Deferred Payment Loan (DPL) up to $100,000 with a zero percent (0%) interest rate. 

FHA Loan applicants must have a miThe DPL will provide homeownership for 50-70 Fresno low-income households that meet Fannie Mae AMI of $58,320 HomeReady. 

For the year 2023, the maximum FHA loan amount for Fresno County is $472,030 in areas with lower housing costs.

Conventional conforming loan limits for Fresno County is $726,200. The minimum FICO score is 620. 

Borrowers can use the assistance for the minimum required investment, closing costs, and/or prepaid expenses. For FHA loans the minimum FICO score is  620 to qualify for the low-down payment advantage which is currently at 3.5%. If your credit score is below 580, the down payment requirement is 10%.

The assistance amount is up to 21.183%

Apply for a home loan with down payment assistance FHA loan limits apply to $472,030

https://bit.ly/3BHBaxc

On March 27, 2023 CalHFA will make the CA Dream for All Shared Appreciation Loan Program available to California First-Time Homebuyers.

20% Down Payment Assistance up to $145,240 

FICO 660

$726,200 Conventional Conforming Loan Limit

Apply Now 

https://mkgenterprisescorp-homeready.loanzify.io/register?main

With the Dream for All program, the state plans to provide $300 million worth of down payments for an estimated 2,300 first-time homebuyers.



Linda Peltz

eXp Realty of California, Inc

1702 E Bullard Ave Suite 104, Fresno CA 93710 

(559) 353-4556 cell

DRE #01997670 

lindapeltz.exprealty.com

Download the Digitial Mortgage Broker Mobile App in Google Play to learn more about down payment assistance programs.

https://bit.ly/40Bb5es

Fannie Mae Area Median Income Lookup Tool

https://ami-lookup-tool.fanniemae.com/amilookuptool

80% AMI divided income limit by 12

Calculate DTI = 45% of AMI income limits

Example $58,320 /12= $4,860 X 0.45 = $2,187 must include interest + principle + property taxes and PMI

Determines borrower's Capacity ability to make interest and principal repayments on a loan, using his or her disposable income or cash flow.

Disclaimer

The CA Dream for all Shared Appreciation program guidelines hasn't been released to our Lender for approval. This podcast is for informational and educational purposes and is not endorsed by CalHFA.

MKG Enterprises Corp Mortgage Broker NLMS 1370394

Equal Opportunity Lender

web: https://mkgenterprisescorp.com

Office (559) 337-5990

The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. 

In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.​

National Baseline

The Housing and Economic Recovery Act (HERA) requires that the baseline CLL for the Enterprises be adjusted each year to reflect the change in the average U.S. home price. Earlier today, FHFA published its third quarter 2022 FHFA House Price Index® (FHFA HPI®) report, which includes statistics for the increase in the average U.S. home value over the last four quarters. According to the nominal, seasonally adjusted, expanded-data FHFA HPI, house prices increased 12.21 percent, on average, between the third quarters of 2021 and 2022. Therefore, the baseline CLL in 2023 will increase by the same percentage.​

High-Cost Areas

For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit, the applicable loan limit will be higher than the baseline loan limit. HERA establishes the high-cost area limit in those areas as a multiple of the area median home value, while setting the ceiling at 150 percent of the baseline limit. Median home values generally increased in high-cost areas in 2022, which increased their CLL. The new ceiling loan limit for one-unit properties will be $1,089,300, which is 150 percent of $726,200.

Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. In these areas, the baseline loan limit will be $1,089,300 for one-unit properties.

Due to rising home values, the CLLs will be higher in all but two U.S. counties or county equivalents.​

Apply for a mortgage loan today

https://mkgenterprisescorp.com

When you apply for a home loan, your mortgage lender may require you to pay off any past-due debts or outstanding loans before approving your loan application. Rapid rescoring is a process lenders use to have new payment information added to your credit reports quickly—potentially increasing your credit score and improving your loan eligibility.

How Rapid Rescore Works

With a rapid rescore, a mortgage lender pays a fee to the credit reporting company (Experian, TransUnion or Equifax) to have recent account changes updated to a loan applicant's credit report in an expedited time frame.

Normally, after you make the necessary payments to pay down or pay off an account as requested by your mortgage lender, it may take a full billing cycle or two for your creditors to process those payments and report the information to the credit reporting agencies. Only credit scores calculated after the updates have been made to your credit report will reflect the changes to your accounts.

Because mortgage loans are often time-sensitive, a mortgage lender may prefer to pay a fee to have an applicant's payment information updated more quickly. The lender submits proof of the recent payment updates, such as paying off or paying down debt accounts, to the credit reporting agency so the new information can be updated more quickly and help expedite the lender's mortgage approval process.

Once the credit report is updated, the lender can request a new credit score that will reflect those updates and ideally result in a higher score. This service is offered only through your lender—you cannot request a rapid rescore on your own.

How Long Does Rapid Rescoring Take?

How long a rapid rescore takes can depend on your mortgage lender and other creditors.

Once you have made payments to your credit accounts, those creditors will first need to update the accounts to reflect the new balance or payment status. Next, your mortgage lender will need to obtain proof of the changes from you so they can provide the updated information to the credit reporting company.

Once the mortgage lender begins the rapid rescore process with the credit reporting agency and submits the necessary documentation, it is often completed within two to three days.

Is a Rapid Rescore Something I Should Consider?

A rapid rescore is usually recommended by your mortgage lender when your current credit score falls a few points below the score needed to qualify for a better rate or loan terms. Even a small change of a fraction of a percentage point in your mortgage interest rate can save you thousands of dollars over the life of the loan.

If you have a current credit score that is relatively close to the score the bank says you need, and the means to pay down your debts, it may make sense to ask your lender to take advantage of a rapid rescore option to save money on interest and fees.

It's important to keep in mind that paying off or paying down an account may not always result in a credit score increase. There are many different factors that go into a credit score calculation, and each individual's credit situation is unique.

For example, if a high utilization rate is one of the more significant factors impacting your scores, paying down a large Mortgage lenders may request a rapid rescore to have new payment information added to your credit reports quickly. This may result in a potential increase to your credit score, possibly improving your loan eligibility.

When you apply for a home loan, your mortgage lender may require you to pay off any past-due debts or outstanding loans before approving your loan application. Rapid rescoring is a process lenders use to have new payment information added to your credit reports quickly—potentially increasing your credit score and improving your loan eligibility.

How Rapid Rescore Works

With a rapid rescore, a mortgage lender pays a fee to the credit reporting company (Experian, TransUnion or Equifax) to have recent account changes updated to a loan applicant's credit report in an expedited time frame.

Normally, after you make the necessary payments to pay down or pay off an account as requested by your mortgage lender, it may take a full billing cycle or two for your creditors to process those payments and report the information to the credit reporting agencies. Only credit scores calculated after the updates have been made to your credit report will reflect the changes to your accounts.

Because mortgage loans are often time-sensitive, a mortgage lender may prefer to pay a fee to have an applicant's payment information updated more quickly. The lender submits proof of the recent payment updates, such as paying off or paying down debt accounts, to the credit reporting agency so the new information can be updated more quickly and help expedite the lender's mortgage approval process.

Once the credit report is updated, the lender can request a new credit score that will reflect those updates and ideally result in a higher score. This service is offered only through your lender—you cannot request a rapid rescore on your own.

How Long Does Rapid Rescoring Take?

How long a rapid rescore takes can depend on your mortgage lender and other creditors.

Once you have made payments to your credit accounts, those creditors will first need to update the accounts to reflect the new balance or payment status. Next, your mortgage lender will need to obtain proof of the changes from you so they can provide the updated information to the credit reporting company.

Once the mortgage lender begins the rapid rescore process with the credit reporting agency and submits the necessary documentation, it is often completed within two to three days.

Is a Rapid Rescore Something I Should Consider?

A rapid rescore is usually recommended by your mortgage lender when your current credit score falls a few points below the score needed to qualify for a better rate or loan terms. Even a small change of a fraction of a percentage point in your mortgage interest rate can save you thousands of dollars over the life of the loan.

If you have a current credit score that is relatively close to the score the bank says you need, and the means to pay down your debts, it may make sense to ask your lender to take advantage of a rapid rescore option to save money on interest and fees.

It's important to keep in mind that paying off or paying down an account may not always result in a credit score increase. There are many different factors that go into a credit score calculation, and each individual's credit situation is unique.

For example, if a high utilization rate is one of the more significant factors impacting your scores, paying down a large credit card balance has the potential to increase your scores right away. However, if your utilization rate is already relatively low or the payment you made doesn't significantly change your balance-to-limit ratio, you may not see a change to your scores once the balance is updated.

Similarly, while paying off debt is always a good thing, any major change to your credit history, such as paying off an installment loan, may result in a temporary dip in scores until your credit history has stabilized.

The Bottom Line

It's important to remember that your credit reports are continuously changing as lenders report updates to your accounts. In the time it takes for the rapid rescore process, there may be other changes or updates to your credit history that can also cause credit scores to fluctuate.

What is FICO 8 and Who Uses It?

FICO 8 is the most commonly used version of the FICO model. Like previous versions, it takes on-time payments, account balances, and other credit history into account when calculating your score. However, the FICO 8 model has a few features that you should be aware of before applying for credit.

FICO Model

Description

FICO 9

Newest version. Not widely used.

FICO 8

Most common. Used for Auto and Bankcard lending.

FICO 5

Used by mortgage lenders. Built on data from Equifax.

FICO 4

Used by mortgage lenders. Built on data from TransUnion.

FICO 2

Used by mortgage lenders. Built on data from Experian.

One of the most important aspects about FICO 8 is that it’s more sensitive to high utilization of credit lines when compared to previous versions of FICO. We recommend that you stay under 30% credit utilization to keep your FICO 8 score from dropping due to high utilization.

On the other hand, FICO 8 has positive changes for consumers as well. Accounts in collections with balances under $100 are now ignored by your FICO score. Previously, all collections accounts were factored into your FICO score, no matter how small they were. Additionally, FICO 8 is more forgiving to one-off late payments of 30 days or more when compared to previous versions of the FICO model as long as all other accounts are in good standing.

There are two sub-versions of the FICO 8 score: FICO 8 Auto and FICO 8 Bankcard. As you’d expect, lenders use FICO 8 Auto to assess creditworthiness for auto loans and FICO 8 Bankcard to assess creditworthiness for new credit card accounts.

These specialized versions of the FICO 8 scoring model are similar to standard FICO 8, but with emphasis on a different part of your credit history. For example, FICO 8 Bankcard places a bigger emphasis on your behavior with credit cards than FICO 8 Auto. Despite these differences, your FICO 8 Auto and Bankcard scores will be largely similar to your standard FICO 8 score.

FICO 8 vs FICO 9: What Are the Differences?

FICO 9 is similar to FICO 8 but differs when it comes to collections and rent payments. FICO 9 counts medical collections less harshly than other accounts in collections, so a surgery bill in collections will have less of an impact on your credit score than a credit card bill in collections.

Additionally, FICO 9 ignores accounts in collections that have a zero dollar balance. If you had a credit card account go to collections but later paid it off, FICO 9 will no longer use said collections account against your score. This is different than FICO 8, which factors all collections amounts of $100 or more into your FICO score—even if they’re completely paid off.

Just because collections with a zero balance are ignored by FICO 9 does not mean that lenders will ignore them. Credit bureaus will still show these collections on your full credit report, and lenders will see them when they reviews your full credit history.

Finally, FICO 9 factors rental history into your credit score. This makes it easier for people with no credit to build a high credit score with their monthly on-time rent payments. Unfortunately, this is dependent on your landlord actually reporting rent payments to credit bureaus—something not yet seen on a large scale.

Most lenders have yet to adopt FICO 9 since it’s still new to the market. This will change as time goes on, so start monitoring your FICO 9 score now to ensure you don't encounter any surprises as the years go on. You can pay to view your official FICO 9 score on FICO’s official credit monitoring service. Unfortunately, there is no one offering a free FICO 9 score at this time.

What Are Older FICO Models?

FICO 8 and 9 aren’t the only versions in use. Some lenders and industries use older versions like FICO 2, 4, and 5. In fact, these are still used by the mortgage industry when assessing creditworthiness for new mortgages and deciding on interest rates.

FICO 2, 4, and 5 are very similar. The main differences between the three is that 2, 4,and 5 use data from Experian, TransUnion, and Equifax respectively. Mortgage lenders pull one of each and compile the reports in a document called a Residential Mortgage Credit Report. Duplicate data is screened and removed, and the middle score of the three is picked to represent your worthiness to pay back the mortgage.

FICO 8 and 9 use data from a single credit bureau, so using FICO 2, 4, and 5 together gives mortgage lenders a more complete view of your creditworthiness because they can see the history of every account you’ve opened. This is especially helpful for mortgage lenders as many creditors don't report account history to all three credit bureaus.

How Does FICO Differ from Other Credit Score Models?

VantageScore is another popular credit scoring model. Like FICO, VantageScore 3.0 grades credit on a 300 to 850 point scale and takes credit utilization, credit inquiries, and on-time payments into account. However, the two models differ in a few ways, with one major difference. FICO penalizes all late payments the same way, while VantageScore penalizes late mortgage payments higher than other late payments.

FICO and VantageScore also differ in how they handle combining similar credit inquiries. With FICO, you have a 45 day grace period where similar credit inquiries for auto loans, mortgages, and student loans are combined into one inquiry. VantageScore gives you a smaller 14 day grace period, which can make comparison shopping for loans harder.

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and MKG Enterprises Corp Mortgage Brokerage NLMS 1370394 is committed to guiding clients through the mortgage process while promoting equal and fair access to homeownership.

Contact us today at (559) 412-7248

Web:  https://mkgenterprisescorp.com

​As part of the pricing changes stemming from the Agency's ongoing review of the Enterprises' pricing framework announced last year, FHFA is eliminating upfront fees for:

• First-time homebuyers at or below 100 percent of area median income (AMI) in most of the United States and below 120 percent of AMI in high-cost areas; 
• HomeReady and Home Possible loans (Fannie Mae and Freddie Mac's flagship affordable mortgage programs); 
• HFA Advantage and HFA Preferred loans; and 
• Single-family loans supporting the Duty to Serve program.

"FHFA is eliminating upfront fees for certain first-time homebuyers, low-income borrowers, and underserved communities to promote sustainable and equitable access to affordable housing," said Director Sandra L. Thompson. "Today's announcement will result in savings for approximately 1 in 5 borrowers of the Enterprises' recent  mortgage acquisitions."

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and MKG Enterprises Corp Mortgage Brokerage NLMS 1370394 is committed to guiding clients through the mortgage process while promoting equal and fair access to homeownership.

Contact us today at (559) 412-7248

Web:  https://mkgenterprisescorp.com

New Credit Models Benefit Borrowers & Enterprises 

The Federal Housing Finance Agency (FHFA) announced October 24, 2022 validation of both the FICO 10T credit score model and the VantageScore 4.0 credit score include rent, utilities and telecom payments, delivering a more accurate and inclusive credit model for use by Fannie Mae and Freddie Mac. 

The FHFA expects implementation will be a multiyear process, and lenders will be required to deliver both scores with each loan sold to Fannie Mae and Freddie Mac.

“While implementing the newer credit score models is a significant change that will take time and require close coordination across the industry, the models bring improved accuracy and a more inclusive approach to evaluating borrowers,” said FHFA Director Sandra Thompson.

This decision comes as an effort to implement Section 310 of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The FHFA has used the classic FICO score for nearly two decades.

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and MKG Enterprises Corp Mortgage Brokerage NLMS 1370394 is committed to guiding clients through the mortgage process while promoting equal and fair access to homeownership.

Contact us today at (559) 412-7248

Web: https://mkgenterprisescorp.com

Co-founder of a top real estate team in Fresno called Strive Real Estate Group at Real Broker. Helped 144 families in 2021. Receives cash flow from 17 doors with 3 being an Airbnb.

OUR MISSION

To provide our clients with sound business advice and represent their interests with the highest level of professionalism, intelligence and integrity in the industry.

Win – Win: or no deal

Integrity: do the right thing

Customers: always come first

Commitment: in all things

Communication: seek first to understand

Creativity: ideas before results

Teamwork: together everyone achieves more

Trust: starts with honesty

Success: results through people

Fresno Calif. has had a 23.1% rent increase over the last 12 months which is well above the state of California (11.6%) and U.S. (15.1%) rent increases. The average one-bedroom apartment now costs $1,150.

KEY POINTS

• Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant.
• Single-family homes are less affordable than they have been in just over three quarters of the U.S. — the highest total in 13 years, according to a real estate data tracker.
• All real estate is local, however. Homeownership is more affordable than renting in suburban and rural areas, but it’s cheaper to rent in big cities. 
• Work with a good mortgage loan officer that put your best interest at heart
• Get Pre-approved before home shopping
• Find a good relator that knows the local market
• File two years of tax returns

Contact Darren Wade

Strive Real Estate DRE # 01910957

550 W Alluvial, STE 110

Fresno , CA 93711

(559) 840-8838

Get Pre-Qualified

https://mkgenterprisescorp-homeready.loanzify.io/register/marshawn-darren

Bank of America announced Aug. 30 that it is launching a trial program, called the Community Affordable Loan Solution, offering mortgages that do not require closing costs, down payments or minimum credit scores. People in predominantly Hispanic or Black neighborhoods in Charlotte, North Carolina; Dallas; Detroit; Los Angeles; and Miami that meet specific income requirements will have access to the program.

In March, TD Bank launched a similar program that includes a $5,000 lender credit that qualifying borrowers can use on home purchase closing costs or down payments. Qualifying borrowers must meet certain credit and income parameters, as well as reside in a participating market, according to the bank's press release.

JPMorgan Chase also expanded its grant program in February 2021 to offer $5,000 for closing costs and down payments to homebuyers purchasing homes in predominantly minority neighborhoods.

The most recent data from the National Association of Realtors found that there was a significant racial gap in homeownership in 2020. White households had a homeownership rate around 72.5%, while the homeownership rates for Hispanic and Black households were 51.1% and 43.4%, respectively.

IS CURRENT HOUSING MARKET SLOWDOWN SIMILAR TO 2008 CRASH?

Zero down-payment mortgages, however, have some downsides, according to Bankrate.com chief financial analyst Greg McBride.

The downsides are that the homebuyers are very dependent on further price appreciation to build a meaningful equity stake and without that, there will not be enough equity to pay the closing costs if plans change and they need to sell in the first few years.

This is the "wrong end of the real estate cycle for zero down payment mortgages."

"The risk to borrowers has grown because of the surge in home prices," McBride said. "If home prices stall, or even decline, a no down payment loan could be setting the buyer up for failure as they won't have much, if any, equity stake in the home."

That increases the likelihood of a loan default if the borrower is looking to exit the home, he said. 

The housing market has been cooling in recent months. The number of home sale cancellations reached a two-year high in July as roughly 16% of homes that went into contract that month were called off, according to a Redfin analysis. Sentiment among builders also reached a record-low since May 2020. 

MKG Enterprises Corp Third-Party Originator NMLS 1 3 7 0 3 9 4  is a diversified digital finance company focusing on serving low-income and moderate income communities while promoting equal and fair access to homeownership to first-time home buyers and existing homeowners FHA, Conventional, VA, Jumbo loans, Non Qualified Mortgage loans, DSCR.

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth. Contact us at (559) 412-7248

Apply online at https://mkgenterprisescorp.com

MKG Enterprises Corp is pleased to introduce the Down Payment Assistance program...]]>Zero down-payment mortgages and similar programs appear to have recently been gaining traction on Main Street.

Bank of America announced Aug. 30 that it is launching a trial program, called the Community Affordable Loan Solution, offering mortgages that do not require closing costs, down payments or minimum credit scores. People in predominantly Hispanic or Black neighborhoods in Charlotte, North Carolina; Dallas; Detroit; Los Angeles; and Miami that meet specific income requirements will have access to the program.

In March, TD Bank launched a similar program that includes a $5,000 lender credit that qualifying borrowers can use on home purchase closing costs or down payments. Qualifying borrowers must meet certain credit and income parameters, as well as reside in a participating market, according to the bank's press release.

JPMorgan Chase also expanded its grant program in February 2021 to offer $5,000 for closing costs and down payments to homebuyers purchasing homes in predominantly minority neighborhoods.

The most recent data from the National Association of Realtors found that there was a significant racial gap in homeownership in 2020. White households had a homeownership rate around 72.5%, while the homeownership rates for Hispanic and Black households were 51.1% and 43.4%, respectively.

IS CURRENT HOUSING MARKET SLOWDOWN SIMILAR TO 2008 CRASH?

Zero down-payment mortgages, however, have some downsides, according to Bankrate.com chief financial analyst Greg McBride.

The downsides are that the homebuyers are very dependent on further price appreciation to build a meaningful equity stake and without that, there will not be enough equity to pay the closing costs if plans change and they need to sell in the first few years.

This is the "wrong end of the real estate cycle for zero down payment mortgages."

"The risk to borrowers has grown because of the surge in home prices," McBride said. "If home prices stall, or even decline, a no down payment loan could be setting the buyer up for failure as they won't have much, if any, equity stake in the home."

That increases the likelihood of a loan default if the borrower is looking to exit the home, he said. 

The housing market has been cooling in recent months. The number of home sale cancellations reached a two-year high in July as roughly 16% of homes that went into contract that month were called off, according to a Redfin analysis. Sentiment among builders also reached a record-low since May 2020. 

MKG Enterprises Corp Third-Party Originator NMLS 1 3 7 0 3 9 4  is a diversified digital finance company focusing on serving low-income and moderate income communities while promoting equal and fair access to homeownership to first-time home buyers and existing homeowners FHA, Conventional, VA, Jumbo loans, Non Qualified Mortgage loans, DSCR.

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth. Contact us at (559) 412-7248

Apply online at https://mkgenterprisescorp.com

MKG Enterprises Corp is pleased to introduce the Down Payment Assistance program through our Wholesale channel.

The key features of this program are as follows:

• Available for FHA products
• Available in all states except New York and Puerto Rico
• Assistance amount is up to 5% of the loan amount
• Borrowers can use the assistance for the minimum required investment, closing costs, and/or prepaid items
• Provides immediate equity in the property 

Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 1370394 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 1370676 or Licensed by the Department of Business Oversight under the California Finance Lenders Law, 1370676

The loan amount is the money you borrow to buy the home. It usually differs from the purchase price since most lenders don’t always provide 100 percent financing. Considering the loan-to-value ratio is important too. This value compares the purchase price and the loan amount and is a number lenders talk about often.

Understanding these numbers helps you make solid real estate investment decisions. While focusing on the purchase price makes sense, it’s the loan amount that plays the most important role in your decision, here’s why.

What’s The Purchase Price?

The purchase price is the amount you agree to pay the seller. It’s the amount on your sales contract or the amount your real estate agent worked so hard to get the seller to agree to.

For example, a home is listed for $300,000, but your real estate agent gets them down to $285,000. Your purchase price is $285,000. That’s what you agree to pay. Now, you probably don’t have $285,000 lying around, so you need financing, which is where the loan amount matters.

The Loan Amount Isn’t The Purchase Price

The loan amount differs from the purchase price because most lenders won’t give you 100 percent of the sales price. We’ll use our $285,000 sales price example from above. Traditional lenders or banks will typically give you 80 percent of that amount, so $228,000 if you live in the home as your primary residence. Primary residence properties have a lower risk of default because you live there, but you must come up with the remaining $57,000. 

Lenders require your own investment to reduce the risk of default. They call it having ‘skin in the game’. Traditional loans require a 20 percent investment. Lenders feel if you have 20 percent of your own money invested, you’ll be more likely to pay your bills on time and not default on the loan, risking your property. 

MKG Enterprises Corp. Third-Party Originator

NLMS ID 1370394

Call 559.412.7248 to speak to a loan officer 

Website:

https://www.blink.mortgage/app/signup/p/mkgenterprisescorp

Cryptocurrency is proving to be less of a trend and more of a force that’s here to stay. Bitcoin (BTC) reached an all-time high of over $68,000 in November 2021 after starting the year at just under $30,000, and the crypto industry  as a whole grew to a total market cap of more than $2 trillion. 

It makes sense that cryptocurrency investors are thinking big when it comes to tapping into the power of their crypto stashes. 

Can you use cryptocurrency to buy a house?

If you’re considering using Bitcoin, Ethereum, Dogecoin, Litecoin or one of a number of other cryptocurrencies to purchase a home, you’re not alone. 

It’s becoming increasingly common, but there are some challenges to be aware of, and the volatility of the cryptocurrency market can make some transactions complicated. 

How do you buy a home with cryptocurrency?

There are a few options for using cryptocurrency to buy a home. 

Convert cryptocurrency to cash

One of the simplest ways to use your cryptocurrency nest egg to buy a home is to sell the cryptocurrency for fiat money (dollars) using a service like BitPay, then use that money to purchase a home. However, keep in mind that you’ll need to keep the fiat money in an account in your name for at least two months before it’s considered an asset that can be used to purchase a home, and a deposit that large may get flagged by the IRS. Any money you make from selling cryptocurrency may also be subject to capital gains tax, so check with your financial advisor or tax attorney.

Convert your crypto to U.S. currency

Before it can be used to buy a house, cryptocurrency must be converted to U.S. currency.

MKG Enterprises Corp Third=Party Originator is beta-testing to accept cryptocurrency stable coins for its borrowers as a down payment and closing costs, that would be converted to U.S. dollars and offer its borrowers the ability to create a digital wallet to convert their crypto to fiat however much borrowers intend to use and have the money in their bank account prior to closing.

Seasoning 

Your lender’s underwriting team will need to verify that the crypto assets were in your digital wallet or digital exchange account for at least 60 days prior to when you sold them

What are the cons to buying a home with cryptocurrency?

As enticing as cryptocurrency may be, it’s still something of an unknown entity in the real estate industry. When considering buying a home with cryptocurrency, watch out for these drawbacks:

Not all sellers accept cryptocurrency. While trust is growing in Bitcoin, Ethereum and  their competitors, few sellers are ready to go all-in and accept cryptocurrency as payment for a real estate transaction, so it may limit your home-buying options. 

Cryptocurrency exchanges may be subject to capital gains taxes. The IRS considers cryptocurrency a type of property, property that must be sold in order for you to realize its value in dollars. Be sure to consult a tax professional to find out how using cryptocurrency to buy a home may affect your tax liability. 

You may have fewer legal protections in a cryptocurrency transaction. For users of cryptocurrency, two of its main selling points are security and anonymity. But that means transactions are difficult to trace, so if anything goes wrong, you could face a sticky legal situation. Be sure to consult a legal professional to learn how to protect yourself.  

Most mortgage lenders may not...]]>How to buy a house with cryptocurrency

Cryptocurrency is proving to be less of a trend and more of a force that’s here to stay. Bitcoin (BTC) reached an all-time high of over $68,000 in November 2021 after starting the year at just under $30,000, and the crypto industry  as a whole grew to a total market cap of more than $2 trillion. 

It makes sense that cryptocurrency investors are thinking big when it comes to tapping into the power of their crypto stashes. 

Can you use cryptocurrency to buy a house?

If you’re considering using Bitcoin, Ethereum, Dogecoin, Litecoin or one of a number of other cryptocurrencies to purchase a home, you’re not alone. 

It’s becoming increasingly common, but there are some challenges to be aware of, and the volatility of the cryptocurrency market can make some transactions complicated. 

How do you buy a home with cryptocurrency?

There are a few options for using cryptocurrency to buy a home. 

Convert cryptocurrency to cash

One of the simplest ways to use your cryptocurrency nest egg to buy a home is to sell the cryptocurrency for fiat money (dollars) using a service like BitPay, then use that money to purchase a home. However, keep in mind that you’ll need to keep the fiat money in an account in your name for at least two months before it’s considered an asset that can be used to purchase a home, and a deposit that large may get flagged by the IRS. Any money you make from selling cryptocurrency may also be subject to capital gains tax, so check with your financial advisor or tax attorney.

Convert your crypto to U.S. currency

Before it can be used to buy a house, cryptocurrency must be converted to U.S. currency.

MKG Enterprises Corp Third=Party Originator is beta-testing to accept cryptocurrency stable coins for its borrowers as a down payment and closing costs, that would be converted to U.S. dollars and offer its borrowers the ability to create a digital wallet to convert their crypto to fiat however much borrowers intend to use and have the money in their bank account prior to closing.

Seasoning 

Your lender’s underwriting team will need to verify that the crypto assets were in your digital wallet or digital exchange account for at least 60 days prior to when you sold them

What are the cons to buying a home with cryptocurrency?

As enticing as cryptocurrency may be, it’s still something of an unknown entity in the real estate industry. When considering buying a home with cryptocurrency, watch out for these drawbacks:

Not all sellers accept cryptocurrency. While trust is growing in Bitcoin, Ethereum and  their competitors, few sellers are ready to go all-in and accept cryptocurrency as payment for a real estate transaction, so it may limit your home-buying options. 

Cryptocurrency exchanges may be subject to capital gains taxes. The IRS considers cryptocurrency a type of property, property that must be sold in order for you to realize its value in dollars. Be sure to consult a tax professional to find out how using cryptocurrency to buy a home may affect your tax liability. 

You may have fewer legal protections in a cryptocurrency transaction. For users of cryptocurrency, two of its main selling points are security and anonymity. But that means transactions are difficult to trace, so if anything goes wrong, you could face a sticky legal situation. Be sure to consult a legal professional to learn how to protect yourself.  

Most mortgage lenders may not accept cryptocurrency-derived dollars for a down payment. Again, because cryptocurrency is anonymous, when it’s sold and converted to cash, there’s no paper trail that lenders can use to trace a sudden windfall of money in your account, and they may be hesitant to approve your loan without documentation of funds. 

The value of cryptocurrency is constantly changing. Imagine offering four Bitcoin for a home, having the offer accepted, and then watching the value of Bitcoin double right before the contract is signed. Need we say more?

The bottom line

If you want to buy a home with cryptocurrency, do your homework and be prepared to face some hurdles. If you’re not sure you’re cut out to be a cryptocurrency pioneer, consider giving the real estate industry a few years to get more comfortable with digital currencies before dropping any cryptocurrency on a house.

MKG Enterprises Corp Third-Party Originator 

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Risk Disclosures

Bitcoin, ERC-20 tokens and other cryptocurrencies are a very speculative investment and involves a high degree of risk. Investors must have the financial ability, sophistication/experience and willingness to bear the risks of an investment, and a potential total loss of their investment. Information provided by Metropolis Decentralized Exchange is not intended to be, nor should it be construed or used as investment, tax or legal advice, a recommendation, or an offer to sell, or a solicitation of an offer to buy, an interest in cryptocurrency.

• An investment in cryptocurrency is not suitable for all investors.

•  An investor could lose all or a substantial portion of his/her investment in cryptocurrency.

•  An investment in cryptocurrency should be discretionary capital set aside strictly for speculative purposes.

•  An investment in cryptocurrency is not suitable or desirable for all investors.

•  Cryptocurrency has limited operating history or performance.

•  Fees and expenses associated with a cryptocurrency investment may be substantial.

The above summary is not a complete list of the risks and other important disclosures involved in investing in cryptocurrency. Any investment in cryptocurrency is subject to all the risks and disclosures set forth in the Customer Transaction Agreement and other definitive customer agreements.

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Parameters Soft Second Repayable Second Rate Advantage

Minimum FICO Allowed

600

640

Income Limit of Borrower

Must not exceed 115% of area median income

No income limit Must not exceed 135% of area median income Assistance Terms 30-year interest-free second lien.

Forgiven in 3-10 years (3 years for assistance amount 3.5%,

10 years for assistance amount 5%

10-year second lien with 0% interest rate; or 30-year second lien with 5% interest rate

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