Episode 11

California Dream for All Shared Appreciation Loan Program

Published on: 24th March, 2023

On March 27, 2023 CalHFA will make the CA Dream for All Shared Appreciation Loan Program available to approved lenders.

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

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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.