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Achieve Homeownership with Minimal Out-of-Pocket Costs! 🏠
At MKG Enterprises Corp, we specialize in helping first-time homebuyers turn their resources into the keys to their dream home. Using a combination of Down Payment Assistance (DPA), tax refunds, and retirement savings, you can achieve 100% financing for your new home purchase!
How It Works:
With a $355,000 home purchase:
- Down Payment: $10,650
- Closing Costs: $10,650
- Broker Fees: $9,762.50
- Total Costs to Purchase: $31,062.50
Mortgage Loan Calculator
Monthly Payment:
Breakdown of Costs
Home Price: $
Down Payment: $
Closing Cost: $
Broker Fees: $
Earnest Money Deposit: $
Down Payment Assistance: $
Tax Refund for Down Payment: $
Loan Amount: $
Monthly Payment: $
Credits and Contributions Applied:
- Earnest Money Deposit (EMD): $3,550
- Down Payment Assistance (DPA): $17,750
- Tax Refund: $5,000 or $9,500
- Retirement Savings Withdrawal (401(k)/403(b): $5,000 to $10,000
💡 Outcome: Using your retirement savings in addition to your tax refund and DPA ensures 100% financing for all costs, including down payment, closing costs, and broker fees.
Key Benefits:
- 100% Financing Achieved: All required funds for down payment, closing costs, and broker fees are fully covered.
- Efficient Resource Use: Combining DPA, retirement savings, and tax refunds ensures affordability and no major upfront expenses.
- Minimized Out-of-Pocket Costs: You’ll only need to budget for smaller items like inspection fees, appraisals, and warranties.
- No Out-of-Pocket Costs: Use the optimizer to allocate resources effectively, leaving only minimal fees for inspections, appraisals, and warranties.
- Smart Use of Assets: Leverage your tax refund and retirement savings to secure your future without depleting your cash reserves.
- Tailored for First-Time Homebuyers: Perfect for buyers with a 580 credit score looking for affordable monthly payments (approximately $2,249.97).
Why Choose MKG Enterprises Corp?
We provide personalized loan optimization strategies to help you qualify with ease and unlock the benefits of Down Payment Assistance programs.
Loan Programs: https://www.mkgenterprisescorp.com/loan-programs
Disclaimer: This is not a commitment to lend. All applications are subject to underwriting approval. Final loan terms may vary. Consult with your financial advisor regarding any withdrawal from retirement accounts.💬 Ready to take the first step? Contact MKG Enterprises Corp today at (559) 412-7248 or visit our website to learn more about how you can own a home with 100% financing!
