Episode 15

5 Step Plan to Buying A House With A 620 FICO Without Breaking The Bank

Published on: 13th June, 2023

5 Steps to Buying A House with 620 FICO

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.

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About the Podcast

Mortgage Brokers Advisors
Borrower Save Money Using A Broker
Welcome to Mortgage Broker Advisors, “MBA” the podcast where we bridge the gap between mortgage brokers, realtors, and industry professionals to unlock real estate financing solutions that traditional lenders overlook.

At Mortgage Brokers Advisors, we specialize in securing financing for deals that agency lenders, big banks, and traditional insurance companies decline. With customized loan structures, greater flexibility, and faster closings, we empower brokers and realtors to help their clients succeed in today’s competitive market.

If you’re a mortgage broker, real estate agent, private lender, or finance expert with valuable insights to share, we’d love to feature you on the show! Join us to discuss market trends, deal-making strategies, and innovative financing solutions that drive real estate success.
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About your host

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Marshawn Govan

MKG Enterprises Corp Third-Party Originator NLMS 1370394 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.

The company provides mortgage loans, down payment assistance, life insurance, mortgage insurance, and tax refund advances. The goal is to help underprivileged and underbanked families achieve home ownership. Home equity is the most powerful way to build generational wealth because you can use those funds to increase your wealth and pass it down to your descendants.