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

Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and MKG Enterprises Corp is committed to guiding clients through the mortgage process.

The assistance amount is up to 3-5% of the loan amount

Borrowers can use the assistance for the minimum required investment, closing costs, and/or prepaid items

Apply for a home loan with down payment assistance loan limits apply $498,257

Pre Qualification is an early step in your home-buying journey. When you prequalify for a home loan, you’re getting an estimate of what you might be able to borrow, based on information you provide about your finances, as well as a credit check.

Prequalification is also an opportunity to learn about different mortgage options and work with your lender to identify the right fit for your needs and goals.

Pre-approval is as close as you can get to confirming your creditworthiness without having a purchase contract in place. You will complete a mortgage application and the lender will verify the information you provide. They’ll also perform a credit check. If you’re pre-approved, you’ll receive a preapproval letter, which is an offer (but not a commitment) to lend you a specific amount, good for 90 days.

Find out how much house you can borrow before you start looking – and how you can make the strongest offer possible on the property you choose.

If you’re ready to make your dream of owning a home a reality, you’ve probably already heard that you should consider getting prequalified or preapproved for a mortgage. It’s time to understand exactly what each of those terms means and how they might help you. And when you’re working towards a goal this big, you want every advantage.

Using a 401(k) and 403(b) to purchase a home is borrowing from your retirement —this is the more tax-favorable option. When you take out a 401(k) or 403(b) loan, you do not incur the early withdrawal penalty, nor do you have to pay income tax on the amount you withdraw up to $10,000 tax-free earnings.

Comprehensive Financial Needs and Down Payment Assistance Calculator