SmartRefi DPA Features

Second Lien Parameters:

Designed to cover refinance costs while ensuring first lien compliance with LTV requirements.

Assistance levels available at 1%, 1.5%, 2%, 2.5%, 3%, 3.5%, 4%, 5%, and 6%.

Fixed interest rate of 9.99%, with an 8% rate in Tennessee.

30-year amortization, not forgivable.

First Lien Parameters:

FHA loans only with a 30-year fixed rate.

Owner-occupied properties only.

Refinancing a current SmartBuy Loan is not eligible.

Did You Know?

If your FHA loan is less than 3 years old, you may qualify for a partial refund of your Upfront Mortgage Insurance Premium (UFMIP) when you refinance into another FHA loan!

At MKG Enterprises Corp, our SmartBuy Refi program not only helps you secure lower monthly payments but also offers assistance rates to make refinancing even more affordable:

Up to 6% assistance on your new loan amount.

Streamlined process for eligible FHA borrowers.

Maximize your UFMIP refund—up to 80% if refinancing within 12 months of your original loan closing!

660 FICO required and, in most cases, 100% financing of closing costs for FHA refinances.

Maximum LTV must meet FHA guidelines, and 100% CLTV depends on DU results.

Borrowers and properties must meet FHA eligibility guidelines.

If DU is run with the second lien and we receive an Approve/Eligible decision, the SmartBuy Refi would be approved.

Don’t Miss Out!

Refunds decrease every month—let MKG Enterprises Corp guide you to better savings and smarter home financing today.

Start saving now! Visit home-refinance or call us at (559) 412-7248 for more details.

MKG Enterprises Corp: Helping you achieve your financial goals, one refinance at a time!

Disclaimer: Borrowers must have a minimum credit score of 660 to qualify. Financing of closing costs and approvals are subject to meeting FHA and DU (Desktop Underwriter) guidelines. Approval is not guaranteed and is based on program requirements and eligibility.