Sometimes there are some government-backed programs that offer low or no down payment options homebuyers, such as VA loans for veterans or USDA loans for rural areas. However, it's important carefully evaluate the terms and consider potential drawbacks like higher interest rates or private mortgage. But MKG Enterprises Corp comes with a brilliant idea for first time home buyer.
Linda Peltz realtor Clovis CA was thrilled to introduce you to some incredible loan programs that can make your dream of owning a home a reality. Homeownership is getting way harder than ever, especially for first-time buyers. But thanks to MKG Enterprises Corp, there are options designed to ease the financial burden and simplify the journey.
Let's dive into the specifics of their exceptional 0% down purchase programs and discover how they can help you achieve swift and easy homeownership.
The Overview of 0% Down Purchase Programs
One of the standout features of MKG's offerings is their 0% down purchase program. Imagine stepping into homeownership without the burden of an initial down payment. MKG's program provides buyers with a 3% loan up to $15,000, enabling both first-time and existing homeowners to secure their dream homes without any initial financial strain.
Of course, there are specific guidelines and stipulations, but the process is straightforward – simply reach out to us, and we'll connect you with a lender who will help figure out the details.
Maximizing Purchasing Power with Second Lien DPA
Another fantastic option is the 15% second lien down payment assistance (DPA) program. This program allows you to maximize your purchasing power without the stress of monthly payments or accruing interest. You’ll receive 15% (up to $15,000) repayable through a balloon payment only when refinancing the first lien or when the property is fully paid off. This flexibility can significantly ease the financial strain associated with buying a home, making it a viable option for many potential homeowners.
Swift Closing Process
One of the most frustrating parts of buying a home can be the lengthy closing process. Unlike other DPA programs, MKG's zero down purchase funding is designed to close escrow within 8 to 15 days.
This efficiency ensures that you can move into your new home sooner, avoiding the typical delays and making the entire process much more seamless. Imagine being able to settle into your dream home without the usual waiting period – it’s a game-changer for many buyers.
Flexible Credit Requirements and Program Options
MKG Enterprises Corp understands that accessibility is key to helping more people achieve homeownership. That's why they’ve set a minimum credit score requirement of just 620. This opens the door to a wide array of buyers, supporting their journey to owning a home without the usually stringent credit demands.
By lowering the credit score threshold, MKG makes it possible for more individuals to qualify and take the first step towards homeownership.
First-Time Home Buyers Program
One specific option for first-time home buyers is tailored to simplify the purchasing process. This program removes income restrictions and limits eligibility to those intending to occupy the home. With a loan-to-value (LTV) ratio ranging from 95% to 97%, minimal down payments are facilitated, making it easier to step into your first home.
This program is particularly suitable for individuals with incomes at or below 80% of the area median income (AMI), and it allows non-occupying co-borrowers, broadening the qualifying criteria.
Home Possible Program
Another zero down option is the Home Possible program, which is open to both first-time and repeat buyers. It features an LTV ratio of 95% to 97% and also allows non-occupying co-borrowers. This flexibility makes it easier for a wider range of buyers to qualify, ensuring more people can take advantage of the opportunity to own their home. These programs highlight just how many options are out there, and all you need to do is reach out to us to figure out what you qualify for.
Connect With MKG Enterprises Corp
MKG Enterprises Corp is dedicated to turning your homeownership dreams into reality with solutions tailored to your financial needs. Explore their zero down purchase options and discover how quickly and easily your dream home can become a reality.
Contact MKG Enterprises Corp today to learn more about how their zero down purchase programs can facilitate your home purchase with ease and speed.
Marshawn Govan
559-337-5990
Marshawn@mkgenterprisescorp
marshawn@mkgenterprisescorp.com
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Call me for further details:
Linda Peltz, eXp Realty | DRE 01997670
559-353-4556
LWPproperty@gmail.com
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