Can You Buy A House? How To Find Out If You Can Qualify For A House

[@JavyVidana]

Check out the free "How To PQF Yourself" worksheet that goes with this video! www.javiervidana.com/freebies

[@iyabonita]

Javier should I have worked for the 2nd job for 2yrs as well before it can be considered as part of my gross income? What happens if I was part time for 3months and was promoted to full time in the next 3?

[@yornanortez8516]

Javier, you deserve more followers. Thanks for your advice 🙏

[@ScentJunkie03]

Can you please do a video about how mortgage lenders differ from one another and how to pick the right one?

[@Jwhitehd]

Thx..... U Explain This Home Buying Thing Sooooo Great !!!!!!!!

[@JavyVidana]

Thanks JWhiteHd!

[@roxannescott6956]

Yep breaking everything dwn so simple thank you because it's crazy how NYC rents is in the 1600s for one bedroom smh time for me to buy a home

[@marshallmoney3401]

I appreciate how you explained the debt-to-income ratio! After looking at everything I've pushed my home purchase plan back a year to get rid of some debt to lower my overall "debt-to-income" ratio. I actually will be documenting my journey on my KZbin channel.

[@JJredickpublicist]

Convinced my wife you’ll be our realtor here in Phoenix

[@LuckySawdust]

Missed the card for the more detailed video on PMI (dropping off a conventional loan at 20% equity...) -- you rock, man, these videos are super helpful -- wish we could use you as our realtor (we're on the East Coast).

[@dragon83455]

I love how you put effort to make us understand will and details in every topic,the video that I’ve been looking ,Goodjob and thank you

[@adrianaellis2484]

Can you do a video of FHA construction loans?

[@TwoToneGoat]

Me and my wife are super excited! We are debt free and super high credit score! Is there any perks in regards to that ??

[@heiddyjimenez2100]

Oh my God!! You’re so good!!! I just subscribed to your channel!! Thank you for all the info!!

[@t.n.patronis4098]

Fantastic video. I’ve been in my current industry for less than two years so I’m worried about that. I will keep this in mind when speaking with lenders!

[@paigepena6330]

Just here to learn about the work history, tbh. My husband is getting ready to graduate with his PhD, we've been married for almost ten years and we have two kids, and I am really anxious to get settled into our own home. Seeing the "two year work history" on the thumbnail almost gave me a heart attack! Luckily, from what you said we should be able to work around it.

[@williamruiz8927]

Great info.I love the Donkey Kong music at the end.

[@onehoneybear]

Thank you so much. Valuable information as always.

[@SIRRAUN]

this feels like an advanced math class and i walked into the wrong class and i take algebra 1a and i’m forced to sit and pretend to take notes when i don’t know what any thing means

[@serg_lupescu]

Great informative video man! 🙌🏼

[@JavyVidana]

Thanks Serg!

[@ameliac504]

THANK YOU! I am learning so much!

[@jenniferguzmancortes6030]

You are so great! We love your videos ❤️

[@jeanmarcelkouame1480]

Thank you javier , greta information

[@cecilel9529]

I love your videos! Thank you

[@spraiammons8524]

Can you make a video about the VA Home loan?

[@JavyVidana]

It's on the list!

[@VictoriaG02]

Not even looking into buying a home but great information to have.

[@Leclaudservices]

You did great

[@stafoya2383]

Do you have a video about subject 2

[@DJHughez57]

I love telling my friends and fam about watching your videos. They love ya lol can't wait for the abode video 👍

[@Gingerbear_24]

I appreciate you. Thank you so much!!

[@Bones12321]

Thanks for the video! Liked and subscribed

[@underdoggrisingent.4322]

How do they check your job history? Do they call an employer or check pay stubs?

[@randykrautter4193]

Good stuff as always Javier!

[@olguinenrique1]

You rock bro 💪🏼

[@PrettyLady7282]

Great video Javier,

[@ashleyholmes28]

My husband and I are thinking about buying in about 1 year maybe a little less. We are trying to figure out if Covid-19 is going to make it easier or harder to get into the house. Also when the time is right do u think there will be foreclosures and price drops in the houses? We are hoping to find a great house for a great price of course! lol

[@ema3300]

I'm trying to buy a house outta state, are they any tips, you can help me with to get started.

[@demisemedia]

Same here! From California & looking to buy out of state.

[@roxannescott6956]

Yes I think Texas have some good homes but I also need to do my research

[@falonviard1423]

Do they count collections. Also what about student loans

[@sanyujustine2445]

Thanks for this one , am in the same job but have been on my new job for two years and same fields so now I can apply, I was scared I may be approved for less. Thanks

[@navaisrael8102]

Hello Javier can you please make an in depth video on everything people need to know when buying land home packages on manufactured(mobile) home from what dpa can be used to lenders to rates to what to look for for fthb or buyers in that market PLEASE HELP US!!!

[@realvesselgem6527]

Thank you for this info. I’m going to try to buy in 6 months

[@GellieMorris]

Have you bought a house yet???

[@lovely2999]

Super informative, thank you!

[@julioguzman1342]

What do you recommend to increase your credit score?

[@JavyVidana]

Julio Guzman watch this kzbin.info/www/bejne/r4G2gneCq71of8U

[@eternalr7830]

Hi do you know if 3 19 yr olds would be able to buy a house?

[@mariamontoya7855]

Hi. Thank you so much what you are doing , you are helping me do much. Would you do a video on who has left on short term disability and want to buy a house. What documents are you looking for to qualify them.

[@saraannemartin3056]

Thanks for making this so easy to figure out! This video was amazing!

[@T2saucy]

What if I’m paying cash? Do I automatically qualify for any home or condo?

[@monicarenee7949]

Yeah the realtor will just ask for proof of funds in that case. No need to work with a bank at all.

[@OnTheGowithMiko]

What about items in collections? Does that count in your calculation for that to income?

[@OnTheGowithMiko]

* debt

[@MechE11B]

Your formula suggests that monthly debt /gross income should be equal to or greater than 50% I think the symbol should be flipped around from > to < correct?

[@stephioakanda]

Hey can you do video on FHA loan 203k

[@mrmayhem8314]

I 2nd this

[@tcg_goon6291]

How does income come into play

[@martymd21]

Thanks for the info... what if your monthly income changes? Would the lender just look at a certain timeframe?

[@kendrak3082]

Marty Alowishious from my experience they will look at your annual income for like 2/3 years

[@_teejster]

My wife and I are planning on buying a home we were originally planning towards the end of 2020, but my wife was furloughed due to COVID-19 would that affect her two year work history?

[@caroldanvers265]

I figured out my debt to income to ratio to be 17%. Not bad huh! Thanks Javier for the video.

[@Demiigodd]

Hi Javier, if I get a new job in a different city with a different company but in the same field would that affect me if I am looking to buy in this particular city?

[@marig2339]

Hey Javier, What if we just moved to the United States and have lived here for only 1 year and worked for just 1 year?

[@YungDroProductions]

Wish you lived here in south florida man

[@angelomartinez9039]

This was very helpful!!! You keep the equations easy to understand. Thanks

[@nilu1121]

Do these catagories apply if you want to apply for a loan only? Or does this apply if you want to pay the house in full?

[@eligiabrokt2309]

Hi Javier, I benefit so much from your very informative videos. Thank You

[@JavyVidana]

Thank you for watching! I appreciate the support.

[@ss-pj8ti]

what about VA?

[@joanapimentel7107]

Currently a 21 year old college student who has just reached 2 steady years of work history. I make $12.50 an hour and work a full 40 hour work week. My credit score is at 757. As of now, I still don’t have any student loan debt since I’ve been paying everything off doing a payment plan with my community college. I’m about to finish up with school at the end of spring next year since I’ve been taking things slow. The only ‘debt’ I have would then be my three credit cards that I keep paid off. The monthly minimum on all three together would be ~$90. Your video has been really informative and has helped me better put things into perspective. While I’ve been looking at homes in my area, the issue I’ve come across is that the ones I’m interested in are under 50k. Is there the possibility I’d be approved and able to work towards getting a home that’s 35k?

[@gradepending1]

This is probably a dumb question, but do all realtors have access to the same types of homes within your budget? or are realtors contracted, and only able to show certain homes?

[@zabeth1968]

I will contact you next year ok😊

[@boyversusworld658]

Where do you go to start looking for a FHA loan?

[@xEPiCxKiiLLz]

Hey Javier, I had a question and Im hoping you can help give some advice, I wanted to ask what if you’re getting a house but you’re planning on getting it with other roommates, In my case My friends and I are really close and we been planning on getting a house in Arizona. Its four of us and we are currently saving right now for the down payment, What some tips or advice that you can share. What should we look out for.

[@JavyVidana]

Leo hey if you guys all trust each other then go for it. Just know if somebody wants to move out, they will still be entitled to their share when it sells.

[@xEPiCxKiiLLz]

Javier Vidana thank you 👍 and thanks for your time

[@tfran235]

What about work gap

[@pormoua3771]

Came for the home buying tips, stayed for the Donkey Kong Country song.

[@thereseyanosik2062]

How about if your on disability? If we can put over 1/2 down. Would we get a mortgage or is it it better off buying the house out right?

[@SheeshMaster64]

if I worked 1 year at fast food, spent 1 year at college so far, and now am working a a fancier restaurant (2 months), do you think thatd be okay?

[@GoProMeetsAeon]

Hello! I would love your opinion on my current situation. I am a 24yr old college student with a middle credit score of 783. I am a freelance photographer/ videographer and make a pretty good amount of money from that gig and also have a 9-5 student worker job at my college, $13/hour. I tried applying for a mortgage recently but got denied because my income is too low. The mortgage broker is saying my best option is to get a co-signer. I personally do not want to get my parents or anyone else involved. I know I can easily make money for the monthly payments but I can't report my side hustles on my income. What are my options?

[@kyubi430]

What if you have student loan debt but you're now in grad school so you don't have to make payments? Does the debt still get calculated because it shows up on credit reports or does it not since no payments or required?

[@JavyVidana]

I am pretty sure you dont count it yet since it technically hasnt started yet.

[@KikiHolly]

When it comes to the 2 year work history..I have been at my current job for 3 years but I am switching jobs, same industry/job but different company. Would I have to be at the new job for 6 months? or can I apply for a home loan now?

[@oscarcrx-9099]

What if my girlfriend went to school for 2 years and graduated now she works as a vet assistant for the last 8 months same place can I use her income and combine it with mine ? Or she needs to be working for longer ? Thanks I’m from Cali

[@ganeshnarayan5505]

Hi Javier great video just wanted to know me and my wife are on SSDI social security. do u think we will qualify for a home loan. we been getting SSDI for 10 years.

[@tastybanana420]

Javier. Whats the best way to buy a house from a relative!

[@JavyVidana]

tastybanana420 start off like any other transaction, get pre approved. Once you do that, go start the conversation.

[@brandonaguilar5538]

I live in the Bay Area houses here are $600,000 at cheapest but an old looking house

[@TomA-xt5xp]

Javier So let’s say you owe 2000 at time of loan application , then 3 months later you close and they do a soft pull and they see you now owe ZERO. I’m assuming that’s a good thing. Some people say not??? Any thoughts.?

[@joseguzman928]

what about 1 year of work history is it still possible?

[@SteffanieLuv]

Do you have any videos talking about Chapter 13 bankruptcy and qualifying for a FHA after one year discharge?

[@JavyVidana]

"A Chapter 13 bankruptcy does not disqualify a borrower from obtaining an FHA-insured mortgage, provided that the lender documents that  one year of the pay-out period under the bankruptcy has elapsed  the borrower’s payment performance has been satisfactory and all required payments have been made on time, and  the borrower has received written permission from bankruptcy court to enter into the mortgage transaction."

[@Proxinova]

Great info! Definitely subbed! I have a question: As a married couple, how do these rules apply? We are planning on buying a house next year, so does the bank take into consideration one or both of our histories when applying for a home loan?

[@Proxinova]

@JasmynsReality Thank you!

[@andrewcollins7117]

I work from home selling online doing for about 4 - 5 years does that count as work. Because I ask my dad says it’s not a real job even though I make more than working at goodwill fulltime

[@carlosdelgadillo4098]

What if you've been working for your self for 4 + years but have barely registered as a business ??? How would that work ???

[@hollowbonebaer8953]

My wife and I are on S.S.D. can we get a home loan

[@pizzamcgee5469]

I have a good credit score...good job his....dti is god but I have 1 house already....how will that affect me buying another..?

[@pizzamcgee5469]

Oh and got 40+k for down payment

[@shannongorman6516]

What if u worked a job 32 yrs n plan to retire but work another job?

[@vgonzaguilar]

Hi Javier, thank you for your videos! Do you know about DACA recipients being able to purchase a home and how that looks like? A new law this year does not allow DACA recipients to get FHA. Do you have any input on this topic and/or suggestions?

[@JavyVidana]

kzbin.info/www/bejne/rIi6eZ2HeaargrM

[@danielgalindo7215]

What about taxes

[@JavyVidana]

What do you mean?

[@Santi_fernandez-_-]

What about child support and a 401k loan, how that affects the numbers? Is that added to debt?

[@senaitbrave8975]

Thank you for making this video, but the background music is so distracting 🤦🏽‍♀️

[@JavyVidana]

This video is a few years old, I can’t do anything about the music

[@dlocomx783]

Does child support count as debt?

[@JavyVidana]

Yes!

[@picklebob656]

Hey man I appreciate the content but wanted to suggest as some constructive criticism that you proof read the overlay text you put beforehand since some of these typo's kinda reduce credibility. Such as at 2:35 "uou" instead of "you" and 3:35 where you have "top" instead of "to". Other than that thank you for the explanations and advice!

[@JavyVidana]

Thanks Victor!

[@vickyandersen8660]

Do you know of anyone who can help with a manufactured home?

[@uptownphilly1641]

Hi I've been on my job for 13 year's and just started working a 2nd job in the same field will I be able to use both income to get pre approval

[@stevenpelayo9931]

uptown philly most lenders will ask for two years of history working two job.

[@mpshields92]

Can you make a video on good neighbor next door?

[@shaquiel888]

hii work as a delivery for grub hub , door dash,uber eats last year work history 2018 i put 1099 on my tax history i will also show this year same jobs with 1099 and also i showed last year uber and taxi driver and also this year will be same question is last year i did not make much money this year i am making more will it be problem??

[@aquinoloayza2205]

What if one of you has the stable job history but the income on that particular job alone makes the Income requirements needed?

[@stevehoffert8203]

Hello javier! I am looking at the possibility of going back to a previous employer for a pay increase, and it is coming right before we are getting ready to buy a house. Will this effect my chances of approval? I have had steady work for the last 5+ years, however it has been at different places, and I have not had any gaps in employment. Will this effect my mortgage abilities? Thank you!

[@smithcoranch3864]

Steve Hoffert We’re wondering the same thing!

[@ghazwankareem]

I got hired 3 months ago and I'm trying to buy a house. Lets see if I get the house lol

[@samuellouissaint4955]

My debt from my school is still in deferment since I’m still in school, would that be used on my debt although I’m not making payment on it yet?

[@erikae8997]

THE Messiah yes it will. It was accounted for for me. I’m in California. Not sure if location makes a difference.

[@cormargonz]

So if I have a 790 score but no down payment would I go conventional?

[@michelefair1577]

Corina V. I would but conventional still needs a min down payment of 3%

[@fadimadouno60]

Student loan are the only thing we have negative

[@coreysolberg4828]

Great video! quick question, do totally paid off Credit Cards count against your Debt to Income ratio? My credits cards get paid completely each month and my only real debt payment is student loans.

[@JavyVidana]

No they do not.

[@ricky57365]

What if my credit score is 679?