2023: 100% LOAN / 0% DOWN PAYMENT USING AN FHA LOAN

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Information 2023: 100% LOAN / 0% DOWN PAYMENT USING AN FHA LOAN

Title	:	2023: 100% LOAN / 0% DOWN PAYMENT USING AN FHA LOAN
Lasting	:	12.08
Date of publication	:
Views	:	124 rb

My husband and I are looking to buy or rent to own in MN, but we are working on our credit score which is 550-620 depends He makes the most money but his score is lower (550) mine is the 620 If you can help us require a way to get a loan sooner with the same strategy that would be great! But if not I still would like to chat Thanks great video!
Comment from : Sandra Smith

But don’t you have to pay mortgage insurance because you are not putting down at least 20?
Comment from : User Email

My question would be aren’t you limited to a certain purchase price based on you’re income and not mention debt to income ratio Seller concessions could help but I see it as a coin flip in todays market
Comment from : illegalMexican

How do u sign up for the loan and do u have to have a bank account
Comment from : Eli Badazz

Can you do this with low credit
Comment from : Chazz Cole

Did he say 2nd lein loan?
Comment from : Money up 74

Omg this is my dream, finally getting my credit where the lender wanted it Now having to look for a different lender because the one I started with doesn’t do DPA I’m hoping the sellers are willing to do this for me, I will be in contact once my credit has been updated so I can have a stronger credit profile
Comment from : Tony & Leah & Lincoln shorts & videos

I like how he left out what the monthly payment will look like If you can only afford to put down 1k, no way you can afford the monthly payment that's coming Terrible idea, but if it causes a market crash to come sooner I'm all for it
Comment from : Phillip Rauschkolb

There isn't a house or townhouse for rent in my area for under $2700 a month
Comment from : Tony Vazirzadeh

Great video❕What down payment assistance program / loan would you recommend ❔
Comment from : TChannee

Is this available in New York?
Comment from : maribel Ferreira

Hello greetings from namibia I guess this loans are only base in America
Comment from : Helgart Gorases

Appreciate your heartful Support for People Around the World to Be (Buyer's 1st Time Homeowner's)
Comment from : Assorted Videos for ALL to Watch

For me, meeting the right partner has simplified my life even more It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business I’m great at what she lacks, she’s great at what I lack and we have an Adviser to work with Praise God!! And thank you for the awesome content!
Comment from : James Abdelkarim

Hello, great video!! Is there a way to do this with a va loan?
Comment from : Greg Long

I thought fha was only for 1st home buyers?
Comment from : Yohan Nicholas

Hello I’m looking for a Nevada referral Thank you
Comment from : B G

Great insights
Comment from : Jeffrey Lynne

This is very helpful I am thinking of buying a house soon and this video just gave me knowledge on how to move forward with the process Thank you
Comment from : Margie Lor

I need you for my next purchase while selling this current property Relocating back to NorCal from SoCal I had no debt at all No cc, car paid off , but lender had me put 18k on an fha because of debt to income ratio? I had no debt Don’t understand Need to contact you
Comment from : prettybaby80

I put or my lender had me put 18k on an fha loan I need to contact you
Comment from : prettybaby80

Are you licensed here in nevada ?
Comment from : Ffocusalltheway

A down payment assistance loan works out to be $80/mo for 30 years? That’s a total of $289k paid after 30 years tell me I’m missing something
Comment from : Robbie Tillman

This is very useful informationbrThank you!
Comment from : MANO

Thank you for the information! Has anyone worked with the One Plus loan? I understand it’s 1 down & 2 grant backed with no pmi There are programs out there if you do your homework
Comment from : Linda Linda

Interest Rate Fixed Rate +720 for a overpriced houses on top of that you’ll have to pay mortgage insurance until 20 of the purchase price has been paid off NO THANKS
Comment from : Bob G

hello sir i am currntly trying to buy a home with my partner and they are offering me at nfcu 9125 percent and saying that i would have to come up with 10k and switch to an arm loan 5 and 5 to get it any lower my partner is a healthcare worker not sure if that helps but they are telling me that my mortgage is going to be 1800 on a 180k dollar home just not possible that is insane
Comment from : TAYLORS 2 CENTS

What other down payment assistance programs are there for people who are not considered a first time home buyer that is provided in all states?
Comment from : Sabrina Christopher

Can 2nd time home buyers get this down payment grant?
Comment from : Anthony Palmeira

Is this program only good on owner occupied?
Comment from : Ohio Real Estate

Is down payment assistant for first time homebuyers?
Comment from : Frankie Clo

In reality, this is incredibly rare nowadays
Comment from : Al Storm

First start with your definition of the word "buy" Buy with cash or buy with a mortgage?
Comment from : Savings Minus Debt

Will FHA consider self employed 1099 earner
Comment from : NanTheGoldChild

Talk to my mortgage compamy couple of hours ago She told me i needed to pay the 35 outbof my pocket She didnt give me these options im doing a fha Ibtold my wife im just gone forget it cause i dint have 7 grand
Comment from : Andre Crowder

Hi friend I have questions for you about buying a home Can I email you ?
Comment from : kevinlStheman

Hello and thanks for this eye opening video Would this strategy work with a conventional loan? Thank you
Comment from : Renaldo Silva

Great video!! Thanks
Comment from : Jose T

If you don’t have money for a down payment you are not ready to buy a house this zero down is an awful idea this guy is trying to sell mortgages so not trust his info he has an agenda
Comment from : Adam Baumeister

What’s the monthly payment on 300K home with FHA loan?
Comment from : Chris Wong

What's income qualification?
Comment from : heaven haven

Thanks you so much for your help🎉
Comment from : Alicia

Thanks for your service
Comment from : Renata

Is this only applicable to you in TX or can I manage this in VA? secondly, and more importantly to me, how can I manage this without making my monthly payments astronomical? because THAT is a far more drastic concern to me
Comment from : Jason Verga

This is what in looking for 😊thank you
Comment from : Alice’s in USA อลิซ อิน เมกา

FHA i qualify for but to find a lender that will actually lend under FHAthey will if youre over 700 score Im working on it but dont use credit always used cash so just got a credit card Anyways my point is FHA is great but lenders dont lend
Comment from : Ms Bee

Hello Richard, your video and your examples are very clear and down to the nitty gritty Thank you I will contact you for my buying process
Comment from : Carmen Ortiz Featherstone

Not sure where you are getting your numbers from but I'm closing on a FHA loan right now and the fees are at around 15k with prepaids FHA also has a fee they charge for the loans I'm in IL and using a Brokerage The fees for the titles alone are 4k in section C Everything went up so the days of 5k to 6k that's been over with You can't close on a home with 1k nit possible We are getting help from a down payment assistance and getting a credit from the seller and still have to pay 5k lol including our earnest money
Comment from : Fizggig

Maybe I’m an idiot, but it is terrible Finnacial advice to tell people who are to broke to put even 35 down on how they can get a loan to get another loan I know you never represented yourself in this video as a financial adviser To me, your just explaining options people could take But! If you can’t afford to not immediately be underwater on a home, you won’t be able to afford that first repair and or emergency brbrA home that you own isn’t a must win situation Any person in this situation will be house poor We also need to stop saying we “own” the house If you have a mortgage, you only own the difference between your mortgage and the equity of the home minus current property taxes So if your mortgage is for 300,000 dollars and you do what was explained in this video You won’t be remotely close to owning this house for a very very long time brbrSave up an emergency fund before you buy a home PERIOD Save a down payment of at least 20 and try your best to do a 15 year fix Renting isn’t bad Reduce your expenses and get a few extra jobs Save it up Sacrifice you go down this road as explained in this video, and there will be far more debt after this
Comment from : TheSonyExperience

Most new home builders steer you to use their lender so you can get these incentives Doesn't really allow you to shop around, its super annoying Currently in SATX 8)
Comment from : Jose Ramos

Id like to buy conventional 30 down 700/800k ranch in CA but that ain't happening till prices come down 35
Comment from : Janet

Great information subscribed!
Comment from : SKEEMIE

I liked and subscribed when you asked (:
Comment from : Elijah Rose

Yes take the bait wagey get into debt baby
Comment from : Azamat

Thank you very helpful, I am searching for investment property, and I am also a property for my first-time buyer daughter in California (preferably) This is a get strategy to approach What credit score has to look like to qualify for this? Thank you in advance
Comment from : Patricia Lewis

0:39
Comment from : Jerry Villareal

0:20
Comment from : Jerry Villareal

Amazing information but what about the PMl
Comment from : Make Money

I like this strategy Thanks for this tip I have had seller concessions before, and they've paid as much as $9k on my home purchase last summer I've never use down payment assistance before? How easy is that to get?
Comment from : Mitchell Nobody

Do many mortgage or realtors know about this?
Comment from : Gloria Kaiser

I am very interested in buying property could you reach out to me Thanks
Comment from : A Lau

If you don't have money down, you don't belong owning a house 🙄
Comment from : chechnya

Great video but I would still wait another year or two to buy a house Prices are going to drop dramatically
Comment from : James

0 down sounds like a huge monthly payment and little wiggle room for a housing collapse that looks like its roght around the corner This is how people got screwed in 08
Comment from : quietlike

The monthly payment would be sick on $300k with $1k down!
Comment from : The AI Revolution

Ill take my time do it my self even if it takes ten years
Comment from : Noah Israel

Why in the heck would you do that and have an astronomical mortgage and being deck for life
Comment from : warriorblue63

What!? Yes I would Is this possible in California?
Comment from : DML R

Didn't these type of mortgage's crash the housing market last recession?
Comment from : Hunter

Great video! Can these strategies be used to purchase income property?
Comment from : Ed

Seller concessions work on new construction home?
Comment from : Man of God!!!Rob

When can I do this down payment assistance? I haven’t close in my house yet but it’s coming up in August
Comment from : Man of God!!!Rob

What about using the VA loan?
Comment from : Russquest

This was a great video!! Thank you!
Comment from : kcole0920

Great stuff
Comment from : Lewis Coleman

Thank you for breaking it all the way down I always wondered how it was done this was a great video I'll be talking to you soon
Comment from : XPLIXITMAAN

I've been renting the Same home for 3 years now about to go on 4 in July I really don't want to stay another year because my rent went up last year to 1700 per month It's killing me to know that I'm wasting this much money on a rental when I could afford mortgage payments for a much nicer home for the same amount or less potentially The down payment aspect is what's really kept me from the homeowner market but with finding you, I think I'll really give it a shot If you are truly available for consultation I could certainly use some advice I'm 36 with 2 younger children and am trying desperately to better our lot in life Building wealth and stability are on the top of my priority list now and I know property ownership is a step in that right direction I just feel so out of my league so am starting to consume content and educate myself so I'm not so in overhead Thank you for your Educational and easy to understand video
Comment from : Steve Morris

I would love to do this now in California
Comment from : LyricalArtsRadio FM

Hi thank you for sharing your experience We are about to close on our first home and it is manufactured Is there anything you would do differently Willie
Comment from : Willie Hearn

$300000 house? Toronto a condo is a mil…
Comment from : Nick Nick

Didn't mention the that goes to the real estate agents, usually between 3 and 6
Comment from : Brian Finn

At 0 down your mortgage is gonna be ridiculously high, I did this and at 28 interest my mortgage with insurance and tax is over 1k for a 200k dollar house Now the rates are around 7, and youll be lucky to find anything that qualifies for FHA for under 250k, and that's in more rural areas FHA requires less than an acre of land and the house has to be in decent condition all around or they won't approve It cost me about 2k total to get into the house You have to put $1500 down for the underwriting process to start and you have to pay for the appraisal and inspection, something not mentioned in the video It was worth it for me because I can afford the mortgage and was in dire living situation in which I needed to move quickly, but you would be way better off on your mortgage payment if you save up a down payment, the more the better My friend put 10 down on 200k home with 28 and his payment is only 750 That's 3k more a year he can use for renovation/repairs or dump into his equity, so in 7 years he will make back his down payment on his mortgage savings
Comment from : Super Smegma

BUT FHA loan where the buyer does not put down 20 or more down will have to pay mortgage insurance JS been there and done that Regardless of the actual value of the home the mortgager will only regard the original purchase price unless you decide to refinance which adds all kinds of costs that you pay all over again Just make sure you understand the true cost of 0 down
Comment from : Ivy Hernandez

This is all fine and well but it doesnt change the very likely exorbitant Mortgage Insurance premium you would incur, to say nothing of the average americans inabilty to make the monthly payment with current tax and insrance rates If you have money to invest, this may be a feasible tool to leverage, but for the average person this may not work for your personal month to month budget
Comment from : Dominic R

Hi I would love help with trying to figure out how to purchase a hobby farm in another state My husband and I want to purchase now as a retirement home I just can’t figure out how to take the steps to make it happen, I know it’s doable I just am lost on making it happen brThank you brChris
Comment from : Chris Scogin

Subprime borrowers anyone? Lmaoo
Comment from : alvnphmn

There are programs that offer down payment assistance, sellers don't like Fha loans,,toooo picky in terms of any repairs, anddd you have private mortgage insurance,that's the whole deal
Comment from : Sarah Connor

Hello, thanks for the useful information in your video Question, I am a veteran so I if am using a VA loan I have no down payment Can you still put together the same package using a VA Loan?
Comment from : Michael Molina

Good Day !brGreat information, thank you !
Comment from : ISACOR

How does the down payment loan affect the dti? Wouldn’t this loan lower your mortgage amount that you qualify for ?
Comment from : UntamedT

You have to all ready own your home
Comment from : Christy Caballero

This is propaganda Im not buying a overpriced shitbox just because FHA will give me a loan Renting is cheaper right now!!!!! 7 interest rate I DONT THINIK SO!
Comment from : BOOMER ZOOMER HATE

I'd love to learn more about this I live in California, and i just put down 7k to rent a home I have a great credit score with minimal funds
Comment from : A Z

O u help people file for fhs loanor achive this
Comment from : Sweetness336

I am based in New York and would like to buy a second home I wish I can get your advice on how to do this, especially since houses in NYC are expensive!Just don’t know where to start, but would love to use your technique to achieve my goal
Comment from : Lisa fred

What can you find for that price in southern california???
Comment from : M

Would you have a video on possibly required mortgage insurance? Does an FHA require mortgage insurance if little to now down payment is made?brI'm not very savvy with homeownership but I thought I heard something about that being required if a minimum percentage of a down-payment is not metbrThank you for your informative videos
Comment from : AQUA

or you can find a house that's support by USDA can get 100 loan guarantee with 0 down aside from that, having a 300k house regardless having 35 or 0 down your monthly mortgage is somewhere around $2300 - $2450 a month my friend even with 2k a month mortgage is not cheap some average household income are in the 50k/year that's only about 4200/month and that's even before tax even if people can afford to buy a 300k house, its nearly impossible to support it after owning it and with current housing market price a 300k house its not really worth 300k
Comment from : uncle long