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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Mortgage Broker Advisors Podcast
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Home equity has proven to be one of the strongest ways for families to build and pass on intergenerational wealth and MKG Enterprises Corp Mortgage Brokerage NLMS 1370394 is committed to guiding clients through the mortgage process while promoting equal and fair access to homeownership.
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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, auto, home, life insurance, secured personal loans and tax refund advances. The goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.