2024 FHA Loan House Hacking For First Time Home Buyers - Requirements Explained

[@user-mw8vr1hp7y]

Trying to do this via a FHA construction loan on a duplex build. Are there any dpa or grants that could help with closing costs on a build?

[@caroltung2667]

I got the FHA pre approval loan for 600 K every house I like when I offer somebody offers more and I have to keep on looking

[@caroltung2667]

By the way I love all your videos

[@KP99]

I've wanted to do this but I do not want roommates, so a duplex or triplex seems great! How do I find them when searching for properties on sites like Zillow?

[@NicoleNark]

Look for multi family properties instead of single family!

[@nycbankers1427]

Would low income be a challenge in qualifying for an FHA loan for an investment property or not ?

[@UsernameUnkwn21]

You CAN you FHA on homes with moderate/major renovation needs by doing FHA 203k

[@NicoleNark]

Yes. Purchasing a fixer upper is possible but not with a standard FHA loan as discussed in the video. The FHA 203k allows eligible buyers to make purchases of homes that need significant work but there are many stipulations that come along with that. If you want a full video on the 203k loan, I’m happy to make one!

[@Rjlexie]

@@NicoleNark yes plz

[@techchika]

​@@NicoleNark I am definitely interested in that as well. Thank you!

[@jpworkops]

Thanks for the great videos, I have a question that you or someone here can hopefully help me with. My grandfather has a property paid off in Miami, he wants to go back home and wants to take over the property. It needs a lot of work, pretty much would have to demo and rebuild, so the 203K loan would be perfect for this. If I aquire the property via a quitclaim deed, can I then get a 203k loan to do the repairs or does my grandfather need to sell it to me? My loan officer is not sure, so hopefully someone can help me out here. Thanks in advanced for your time and help. JP

[@2508fredy]

"I am confused. How do I contact the FHA? Should I reach out to a nearby agency or directly contact the bank? Please help me."

[@ernestoalatorre7766]

Following

[@NicoleNark]

Contact a lender, bank or credit union! They will be able to assist you with getting an FHA loan

[@uberdash007]

Hi hello I can help if you are looking to buy a property. I can help you save $$kk

[@king_james_royalty]

Can i buy a property using FHA loan and do a midterm rental upstairs whilst i live in the basement?

[@NDGDETAILING]

Only after residing in your property for a year then you can rent it out

[@NicoleNark]

As long as the home remains your primary residence!

[@retrogoon7182]

Great video !

[@jasonjosephlee]

Great content. Crazy what you can do when you get creative in the real estate industry.

[@NicoleNark]

Absolutely. Love your instagram content btw!

[@jasonjosephlee]

@@NicoleNark thank you!

[@user-mz5ye9ez3i]

Thanks for the info information!!

[@bsmithg6]

fire video Nicole

[@NicoleNark]

I appreciate it!

[@Comeriokid]

What are the work history requirements?

[@utunnaing]

Hi If Coop ask me to pay min. 20% downpayment how to proceed with fha loans 3% down payment please explain me?Thx

[@DARRENYASSEN]

What are you looking to do and what's the reason they're asking for 20% down?

[@iam_jordan239]

Can you send me more information please

[@krissiebrown2600]

House hacking sounds great. And lower down payment requirements.

[@NicoleNark]

Absolutely!! It’s an awesome way to get into real estate investing

[@banginzaza]

Oh so that doesn't count as an investment property? Cool

[@casandraatangana6688]

You just giving the surface of the FHA loans I need more details not just « yes it gives financial freedom » « be careful it could be bad » please give more information that’s why I click on the video 😭

[@NicoleNark]

This video is more about using FHA loans for house hacking! I have another FHA video that is more thorough

[@juanbeltran3162]

Hi beautiful muneca I Love that