✅ Get a free mortgage refinance quote*: www.winthehouseyoulove.com/refinancequote ✅ Get a free mortgage quote*: www.winthehouseyoulove.com/purchasequote *Advertisement from Credible Operations, Inc. NMLS ID# 1681276 💰 7 Proven Ways To Save Thousands On Your Home www.winthehouseyoulove.com/free 🏡 Online real estate school with 30% discount → winthehouseyoulove.com/realestatecourse 🎥 The recording gear I use → www.amazon.com/shop/winthehouseyoulove 🎧 Listen To The Podcast plinkhq.com/i/1493715474
@WinTheHouseYouLove4 жыл бұрын
.
@Tee-sr9yf4 жыл бұрын
Is usmortgagecalculator.org a good one to use also? im having trouble with the sheet
@MizLady062 жыл бұрын
We need an update for this because, what we can get approved for as single people (175k) vs the actual cost of homes (325k+) is ridiculous. At this point I think banks are mocking us.
@XboxUnitD773 жыл бұрын
I make 40k. Bought a house in detroit. My budget allowed me to spend 1150 a mo. First time homebuyers grant allowed me to pay less than 3k out of pocket. Got a 175k home 1400sqft 3bed 2bath. Put 3% down, with 2% of that covered by the grant, so I only really paid the 1% myself upfront.
@WinTheHouseYouLove3 жыл бұрын
Solid!
@ms.ashleigh92683 жыл бұрын
That’s great! How did you apply for a first rule home buying loan?
@ladyblue32553 жыл бұрын
How much was the 1%? Out of pocket did you pay?
@Nykiahmusic3 жыл бұрын
Awesome! Your story sounds very inspiring!! I’m up next! Working with my realtor now!
@One-129373 жыл бұрын
In "Detroit"
@LoveUrself804 жыл бұрын
This video came right on time!!
@WinTheHouseYouLove4 жыл бұрын
Great! I hope it helps!
@PORTMIAMIMIKE4 жыл бұрын
Facts!
@vanessaforbes46154 жыл бұрын
Ikr! Looking to fill out this load application next week.
@trihops4 жыл бұрын
I really appreciate how clear and concise your videos are. I also appreciate that you don't leverage a weird attention grabbing gimmick. It really feels like it's a conversation with a knowledgable friend/associate. Thank you for the info!
@WinTheHouseYouLove4 жыл бұрын
Thanks so much! I appreciate you saying that! Everywhere I look KZbin "coaches" recommend doing all this gimmicky stuff. I'm just going to stick to making videos I'd want to watch :)
@jossj31452 жыл бұрын
I think this guy is amazing. He is so clear speaking and calm! His tone of voice make me feel confident. I can't stop watching his videos
@JebSmith4 жыл бұрын
Great video Kyle. I love how simple you make it for borrowers to understand.
@WinTheHouseYouLove4 жыл бұрын
Thanks so much!
@lawrencewiley31042 жыл бұрын
@@WinTheHouseYouLove 👍👍👍👍👍
@Justadude00013 жыл бұрын
Thanks man for taking the time to provide this information. To be honest I’ve been sacred to purchase a home because I have no clue what I’m doing. Your spreadsheet has been has a major help.
@WinTheHouseYouLove3 жыл бұрын
Awesome, I'm glad it's helped!
@ScrillaTMU3 жыл бұрын
I wish my area had houses for that price lol. For a starter home, you would be looking at just under 400k for 2000sq ft with the great majority of people making around 40-60k a year
@WinTheHouseYouLove3 жыл бұрын
That's rough!
@One-129373 жыл бұрын
I'm in a sellers market as well. You wouldn't know it because the state really doesn't show it. I make about 42-45k, but my overall was about 52k based on the second job I worked the past 2 years. I qualified for 250k but have good credit 720+ and 42k saved up. The most I can get for that is a decent condo. Townhomes are going for about 275k. I feel gutted man, basically lived like a slave for 2 years, eating bread and ramen, working 2 jobs Monday through Sunday and I'll got to show for it was 250k.
@matthewyun12383 жыл бұрын
In a same situation 😒. Avg home 400ks, busted run downs somehow being listed around 250-300k needing serious overhaul. Mobile homes in parks now averaging 150-200k needing work along with space rent reaching 700-800 a month! Median Income 67k, my income?? 50k 🥴🤷♂️
@Doors0673 жыл бұрын
as a condo owner I must say that they are the shit!
@1NDEF1N1TE3 жыл бұрын
@@One-12937 Your hard work will eventually be rewarded. Maybe you need to reassess what you do for work and throw yourself into something more lucrative or look into other professions with a low barrier to entry. I am currently work to become an MLO and it is a lot of work but it will be worth it soon. From working a shitty hourly job(42k not too bad with overtime) to a mainly commission-based salary is challenging but I work with people now that are in crazy tax brackets that I could have never imagined (90k, 100k, 125k, 150k). Plus, I have no college degree but I mean it could easily be a difference my first year of 30k more just by being studious and passing my Safe Exam. Again, I'm not trying to be a dick but there are tons of professions that don't necessarily require a Bachelor's degree etc. Maybe just reevaluate what you are currently doing and look at how and why people get paid more than you.
@iftekeruddin71163 жыл бұрын
So basically at this current situation with 40 yearly I cannot buy a house unless I manage to pay 40-50% down. Even a basic house starting from 250+ it’s almost out of reach. Just sad
@WinTheHouseYouLove3 жыл бұрын
You can do it! Best of luck!
@shaibaggs36394 жыл бұрын
Love your videos man! Thanks for all the info and your hard work! Side note** your microphone is legit or your voice is just calming as hell... both can be true lol thanks again!
@WinTheHouseYouLove4 жыл бұрын
Hey thanks so much!! The mic is way overkill, but helps the sound quality a bit ;)
@dethreveng4 жыл бұрын
Wish I could find some of these houses in my area lol. I gross $50k, but the cheapest house that I can get on a FHA / conventional loan was $260k back in January... The majority of decent houses in North West WA are in the $300k plus range unfortunately.
@WinTheHouseYouLove4 жыл бұрын
Dang that's a bummer!! Some of these home prices are insane
@chrisSandersASX3 жыл бұрын
expensive area
@OvertimeSessionHD3 жыл бұрын
Yup too true, I’ve been looking for investment properties in my price range...unfortunately my range is decent in Olympia or Pasco Wa lol. All my offers so far have been overbid, now looking for properties in the Midwest where 55k a year goes much further.
@fatoumatasidibe89073 жыл бұрын
Live in Lynnwood WA too and it is very expensive
@iansmith39753 жыл бұрын
move. its not worth suffering. live comfortably
@medabee13222 жыл бұрын
I’ve been approved for usda making 40k m approval is for 185k but can’t find anything decent in the area I’m looking in in Georgia everything is 240k and up
@donaldlyons17 Жыл бұрын
I thought USDA was for rural homes?
@dannybee66774 жыл бұрын
Wow, this gives me hope! Now I just have to wait for the dust to settle from all these bidding wars. :)
@WinTheHouseYouLove4 жыл бұрын
I'm so glad to hear! Hang in there :)
@victorcapetillo20703 жыл бұрын
Is not gunna happen. Houses in my city have gone upwards of 500k. Is cheaper to buy a new towmhome with HOA flee$!
@Razento253 жыл бұрын
Currently April 2021 and the landscape is even hotter than ever before
@lifeisbeautiful94552 жыл бұрын
So grateful you did a video like this… I’m almost close to 50k.
@WinTheHouseYouLove2 жыл бұрын
Awesome! Thanks for watching. :)
@peruvianheat20534 жыл бұрын
Great videos man! I'm a new subscriber and currently saving for a down payment plus closing costs. Keep up the good information! 👍🏻
@WinTheHouseYouLove4 жыл бұрын
Thanks for watching! I'm glad you're here!
@g.scoponi3 жыл бұрын
Crazy times we live in. This video is only one year old and it seems outdated in the sense that there are no houses for less than $ 400000 in my area. And most houses are going for 450000. Less than five years ago I didn’t want to buy a house for more than 350000. Crazy times.
@FourThreeSeven3 жыл бұрын
I make slightly over 40k. I bought a 50k house and paid it off in 4 years. With my low income I wanted to get something I could pay off quick so I didnt have to pay the mortgage for 30 years. Its small, and not in the best neighborhood. But its nice lol.
@WinTheHouseYouLove3 жыл бұрын
Great work!!
@ghiaferrari75853 жыл бұрын
I guess its easier to decide to be in n a not so nice neighborhood if you're single.
@Gunngirl3 жыл бұрын
What kind of shape was the $50,000 house in? Was it livable? I see many of these houses in my area and it's all I can afford but can't afford rehabbing, so I"m stuck in a money loop, lol. I'm hoping a 203(k) situation can work itself out for me.
@FourThreeSeven3 жыл бұрын
@@Gunngirl Its in great shape, previous owner remodeled like 5 years before I got it. Havent had to do anything. I got lucky tho. Looking at houses now and cant find anything close to the value.
@missdesireindependance5194 Жыл бұрын
@@Gunngirl In the southern states and Midwest there are many in that range and some have been half way renovated. You have to buy them when you see them because they go fast.
@bluemulemovers73054 жыл бұрын
Ahhhh this video was made for me at the right time. Thank you for amazing content.
@WinTheHouseYouLove4 жыл бұрын
Thanks for watching, I'm glad to help!
@zmack18304 жыл бұрын
Kyle _ you did a good job dispelling the myth for most buyers!!
@WinTheHouseYouLove4 жыл бұрын
Thanks! I'm glad to help!
@jessg83794 жыл бұрын
Best videos I've seen explaining this process. Excellent channel Kyle. Kuddos.
@WinTheHouseYouLove4 жыл бұрын
Glad it was helpful!
@gamzuletovah59303 жыл бұрын
Hello there, thanks for the information, still trying to process it, I watched the video, and my hopes were destroyed..... to buy in FL for those amounts I’m supposed to qualify..... are pretty much non existent..... where I live the price range for an ok no new construction and descent zip is an average of 300K .....I have not even dared to try to get pre qualify...... please any advise will be appreciate it. Thanks
@WinTheHouseYouLove3 жыл бұрын
First, I think it would be good to use your budget or money plan to figure out what you are comfortable spending each month on a house. A lender will often approve you for way more than you should take on. This video is using conservative numbers. Some programs will alway (in my opinion) dangerous levels of debt to increase your maximum loan.
@OctogonOxygen0248162 жыл бұрын
Hands down the most important video I can find on helping me buy a house!
@WinTheHouseYouLove2 жыл бұрын
Thanks for watching. :) Best of luck!
@incognitofade95743 жыл бұрын
I'm puzzled. I make over $40k and pay $1500 a month in rent comfortably yet can't get approved for over a $800 payment monthly? My debt to income ratio is low. I'm trying to shoot for $250-$297k max.
@WinTheHouseYouLove3 жыл бұрын
Make sure you watch the entire video. That's $800/mo if you have $600/mo in debt. I also explain how the DTI will affect your situation.
@Dlow-kc6jv4 жыл бұрын
Yes!!! Thank you for making this video so fast!
@WinTheHouseYouLove4 жыл бұрын
You're so welcome!
@michaelday69874 жыл бұрын
Next do $70k- $75k. That will make a good range of videos on the topic.
@WinTheHouseYouLove4 жыл бұрын
Will do!
@michelledelacruz33714 жыл бұрын
Yes please!
@samanthastipsandreviews54364 жыл бұрын
Yesss that will be great cause that’s where I’m at so much great information
@cecypreza21264 жыл бұрын
New sub!!! Love all the information. Helps so much! I do live in CA! 👏
@WinTheHouseYouLove4 жыл бұрын
Awesome! Thank you!
@BeetsArt4 жыл бұрын
Thank you for the video! Awesome calculator sheet that you made. VERY helpful!
@WinTheHouseYouLove4 жыл бұрын
Glad you like it!
@dm-dl3zq2 жыл бұрын
Is the google doc for free download or or a for sale purchase? I see purchase link.
@WinTheHouseYouLove2 жыл бұрын
I used to have it for free, but now it's for purchase with a ton more features. Paid tools like allow me to continue making helpful videos.
@mmmmmMuffinz4 жыл бұрын
If I'm buying a Duplex with an FHA loan and plan to live in one side and rent out the other, how is the future rental income that I'm going to be receiving calculated into how much house I can buy?
@WinTheHouseYouLove4 жыл бұрын
The lender will use 75% of the future rent to offset your mortgage payment
@mmmmmMuffinz4 жыл бұрын
@@WinTheHouseYouLove So how would I input this into your google sheet? Do i add that to my gross income or?
@Savage11798 Жыл бұрын
I have a question what’s this sheet your using I wanna use it as well
@jaiej89983 жыл бұрын
Where do we download the google sheet? We are about to go through the pre-approval process.
@WinTheHouseYouLove3 жыл бұрын
Switching providers. It will likely take a couple weeks for it to work again
@jaiej89983 жыл бұрын
@@WinTheHouseYouLove okay
@871lennon4 жыл бұрын
I checked your sponsor credible. I was looking for 400K loan. My credit score is 800, take home pay is 20K a month, have 200K in cash and zero debt. They emailed me saying I don’t qualify for a 400K loan. Lol. Great algorithm they must have.
@WinTheHouseYouLove4 жыл бұрын
Hmm, interesting. It might be worth reaching out to one of their loan officers and verify that there wasn't any weird thing going on with what was entered.
@Prophecyzonewatchmen3 жыл бұрын
What about calculating for VA loan
@dwaynecadguy18973 жыл бұрын
Please list the steps to download the max price calculator.
@WinTheHouseYouLove3 жыл бұрын
It's in the description
@MrGUSGUS26 ай бұрын
Really enjoy all the knowledge you share. Are you offering any coupon codes to purchase the max affordable excel sheet?
@WinTheHouseYouLove6 ай бұрын
Thanks! Yes, use code KYLE for 20% off
@johnsreptilepage Жыл бұрын
Will the lender give you more of a lone if you want to get a multi family .
@Ninjawarrior4204 жыл бұрын
I'm looking for my wife and I. Loved the video! 👍
@WinTheHouseYouLove4 жыл бұрын
Awesome! Thank you!
@aaronosborn73953 жыл бұрын
You’re looking for your wife? Did you check the neighbors bedroom?
@eduardocod89242 жыл бұрын
Are they exceptions if you want to buy a rental property?
@kaolythaopsychosweetieandm97942 жыл бұрын
This has helped me so much! Where can I get this calculator..?
@WinTheHouseYouLove2 жыл бұрын
Hi! Right here: www.winthehouseyoulove.com/max-purchase-price-calculator
@Coffeetime19913 жыл бұрын
This will get me a big cardboard box and an empty bottle of gatorade to use as a bathroom in New England.
@JeffreyQProductions4 жыл бұрын
Great tool! The good thing about it is, anyone can put in any price to reverse get their lending possibilities.
@WinTheHouseYouLove4 жыл бұрын
Thanks!!
@DIVA7RARIMP4 жыл бұрын
The google app is awesome and gives you a realistic idea of what you can afford, THANKS🙌🏾
@WinTheHouseYouLove4 жыл бұрын
You're welcome!
@ryangood14143 жыл бұрын
Wow man you really got me together with this info I really appreciate it.
@Lilazn2163 жыл бұрын
I would love to purchase a home, but I would have to move out of cali. Condos here are on avg 280k. No more debt though. I just got rid of everything. Guess I'll try to save over the next few years
@iEatCalories13 жыл бұрын
I'm in the same boat, not sure if I want to buy my first home in California or buy elsewhere
@WinTheHouseYouLove3 жыл бұрын
Cali is rough!!
@matthewbryant27354 жыл бұрын
Where do I find out the tax, HO insurance and mortgage insurance rates %'s for my area?
@WinTheHouseYouLove4 жыл бұрын
Tax rates are going to most likely be on your county's website. Average insurance rates normally aren't posted anywhere unfortunately. Mortgage insurance will be the same for every area
@tbowser39063 жыл бұрын
Crazy this came as suggested. I have 2 jobs but my main job i only make 40k and I’m permanent. My 2nd job i make more but the lenders won’t look at it because i haven’t been there for 2 years. The lender would only approve me for 120k loan because of my student loans.
@WinTheHouseYouLove3 жыл бұрын
Thank you so much for watching!! :)
@barbaraharris15253 жыл бұрын
That's exactly my story
@ts87783 жыл бұрын
Do you mind telling how much in total was your student loans ?
@ECFentertainmentusa2 жыл бұрын
I have questions in my 2020 tax return i made a lot off write off and its looks like i made 12 k but i made like over 50 so for 2021 i made like little over 60000 in that circumstance how much i can get loan for
@chicatita47533 жыл бұрын
Love all your videos. I'm looking to invest in your market in the 50k to 65k price range any good zip codes/areas you recommend at this price range? Thank you!
@WinTheHouseYouLove3 жыл бұрын
That's a better question for a local real estate agent :)
@Jen-bt3jb4 жыл бұрын
How likely is it to get approved with conventional ,high DTI 50%, credit score of 750.
@WinTheHouseYouLove4 жыл бұрын
Very likely with a high credit score. Conventional technically has a max back end DTI ratio of 49.99%
@Jen-bt3jb4 жыл бұрын
@@WinTheHouseYouLove That's what I was afraid of cause of the max of 49%. And I kept asking my lender numerous times. Thanks for all your knowledge and videos! I watch them over and over! I'll keep you posted on my outcome!
@salmahsjourney38012 жыл бұрын
@@Jen-bt3jb did you qualify ?
@Jen-bt3jb2 жыл бұрын
@@salmahsjourney3801 -- Yes I did
@JuggaloRider32 жыл бұрын
Where is the link for the google document ??
@WinTheHouseYouLove2 жыл бұрын
In the description: Max Purchase Price Calculator
@robbskittles4 жыл бұрын
If I receive VA compensation and it’s tax free. Will the lenders add 25% to that?
@WinTheHouseYouLove4 жыл бұрын
Yep!
@JesseGoskesen3 жыл бұрын
What can I do my wife passed away the house was in her name and the mortgage was in her grandpas name? there's about 10k left to pay but I dot want the house anymore.
@WinTheHouseYouLove3 жыл бұрын
I'm sorry for your loss, you communicate your plans with her grandpa. Communication is the key. Thanks for watching!
@andyzhao34814 жыл бұрын
I went on the site for the excel sheet but Im not receiving the email with the link to download the spreadsheet...
@WinTheHouseYouLove4 жыл бұрын
Check your spam folder, if it's not there, shoot me an email at kyleseagraves@hey.com
@notreadyforanything3 жыл бұрын
New subscriber to your channel. This video and the google sheet is very helpful. I have a question. I know the housing market is highly competitive now. However, If I buy a home within next 3 months, my company will cover the closing costs. I only have 10% percent down payment ready for homes that my wife and I are interested in. Should I buy now so that approximately 10K I will not miss from my company? Or wait because this is a housing market bubble?
@WinTheHouseYouLove3 жыл бұрын
Hi! Purchasing a home is a big decision and I believe, the only person who knows your financial capabilities and who can decide about that is you and your family. Best of luck!
@shujayethossain65544 жыл бұрын
Hey there! If I have $21k income in 2019 and $10k income in 2020 as per my tax returns, how much house can I afford with a $20 downpayment? I have no credit card loan or car payement. Thank you
@WinTheHouseYouLove4 жыл бұрын
You'll most likely need more income so you might want to explore adding a co-borrower
@darrellcook82533 жыл бұрын
10,000 dollar income? You are in the poverty level in California.
Thanks for the video great advice I just subscribed
@WinTheHouseYouLove4 жыл бұрын
Awesome, thank you!
@CryptoBlick4 жыл бұрын
I think I broke your spreadsheet. Entered numbers in the range of 4%-5% to reflect my IL taxes and it started showing negative numbers in the millions. Thoughts? I like what you have here.
@WinTheHouseYouLove4 жыл бұрын
Hahah no worries! So look in the bottom left of the sheet and it has a link to open a new copy. It's built off of iterative calculations to make all those numbers work, so it can accidentally get all funky. I'll be covering a demo on the live tonight with a quick remedy to fix it without creating a new sheet
@mmmmmMuffinz4 жыл бұрын
your property tax is 5% !?
@CryptoBlick4 жыл бұрын
@@mmmmmMuffinz welcome to IL. It's painful when you see others paying $100-$200/m in taxes. Homes I'm looking at are $450-$550/m for taxes here.
@mmmmmMuffinz4 жыл бұрын
@@CryptoBlick damn bro! And I thought my county here in NY was extremely high (2.66%)
@CathyChapmanTopAgentinMaryland3 жыл бұрын
Can you send your spreadsheet in excel for determining the maximum purchase price someone would qualify for?
@WinTheHouseYouLove3 жыл бұрын
Link is in the description
@jesuschristislord67903 жыл бұрын
@@WinTheHouseYouLove texting you isnt a link
@preparedtrucker68154 жыл бұрын
If im self employed 1099 do i put what hits the bank before I take out my taxes?
@WinTheHouseYouLove4 жыл бұрын
You'll put your Gross Income minus Written-Off Expenses.
@torledamatthews88634 жыл бұрын
Great video. What is the credit score for conventional loan?
@WinTheHouseYouLove4 жыл бұрын
620 is the minimum
@eberjom91192 жыл бұрын
EXCELLENT VIDEO!!👏🏼👏🏼
@WinTheHouseYouLove2 жыл бұрын
Thanks for watching!
@BornToPun75412 жыл бұрын
I downloaded the calculator and entered all my info. I noticed though that the more debt I put in, the higher the max. purchase prices went. Likewise, when I entered less debt (I will be paying off an installment loan early next year), the max. purchase prices went DOWN. Am I doing it wrong?
@WinTheHouseYouLove2 жыл бұрын
Can you send me an email? I'll look into this kyle@winthehouseyoulove.com
@mm252243 жыл бұрын
If only I can buy a home at a good neighborhood in California for that price
@WinTheHouseYouLove3 жыл бұрын
That'd be nice
@thorn.charmer Жыл бұрын
TLDR: At $40k/year, you cannot afford a house.
@nikki.khristmas.british61554 жыл бұрын
Always a great video and informative...
@WinTheHouseYouLove4 жыл бұрын
Glad you enjoyed it
@taneriapollins92254 жыл бұрын
Please do one on 70-90K a year please
@WinTheHouseYouLove4 жыл бұрын
Will do!
@Erewhon20243 жыл бұрын
Spreadsheet no longer there in 2021?
@WinTheHouseYouLove3 жыл бұрын
Download the Google Sheet → text MAXPRICE to 937-358-6542
@aarongold72204 жыл бұрын
This sheet would be amazing if it included rent from additional units(or bedrooms) in the maximum affordable house for those who are trying to get in via house hacking. Althought I guess I could just take 75% of a fair rent multiply that by 12, and add it to the yearly income and get the same result. Also I thought lenders looked at your gross income, and not take home? It's really interesting looking at it from a house hack perspective. It gives a max approved loan barely higher than before(You know, 1k/month being $750 a/month is only an extra 9k/year in income), but slaughters the Out of pocket expense. Using the 40k example, the previous max price was ~200k. Add 9k to income (which is renting all other units/bedrooms for a total of 1k, claiming 75% or $750/mo as income for the loan), and it only goes up to a 250k home. But the max housiung payment goes from 1.2k to $1,470. But your out of pocket goes from 1.2K down to 720, and somehow that's all the house it says you can afford in a house hacking model. If you actually get the real fair rental value of 1k, then your housing expense drops to $470(excluding repairs, utlilities, etc). Though it obviously makes sense as to why a lender would only approve the income based on a smaller portion of fair rent.
@WinTheHouseYouLove4 жыл бұрын
Oooh, great suggestion. I've considered making one specifically for housing hacking. Lenders use gross. I just put in info about take-home pay as a quick reference for people using the calcuator.
@dwaynecadguy18973 жыл бұрын
can you show to copy the max price into google drive.
@WinTheHouseYouLove3 жыл бұрын
It's in the description
@HilarysPlace4 жыл бұрын
So excited for this video!
@WinTheHouseYouLove4 жыл бұрын
Yay, I'm glad to hear!
@tontonmestandingtall92894 жыл бұрын
Can you do $30 thousand yr income?
@WinTheHouseYouLove4 жыл бұрын
I'll add it to my list :)
@mnoell352 жыл бұрын
No! There’s no reason for anybody making 30k a year,to even think about buying a house!
@jonathancampos60093 жыл бұрын
I texted the number to try to download the spreadsheet but nothing happened. Any reason? Im from texas
@WinTheHouseYouLove3 жыл бұрын
Make sure you text #maxprice exactly. No spaces and no other words. I check my texts once a day so if it doesn’t work now I’ll send it to you tomorrow
@jonathancampos60093 жыл бұрын
@@WinTheHouseYouLove Already got it! Thank you!
@John.Paulis3 жыл бұрын
What if all one has is just student loans? No other debt but a recent chapter 7 bankruptcy?
@WinTheHouseYouLove3 жыл бұрын
Here are the waiting periods: Conventional - Ch 7 BK: wait 4 years from discharge - Ch 13 BK: wait 4 years from discharge - Foreclosure: wait 7 years from deed transfer FHA - Ch 7 BK: wait 2 years from discharge - Ch 13 BK: 1 year on-time payments and court approval is needed - Foreclosure: wait 3 years from deed transfer VA - Ch 7 BK: wait 2 years from discharge - Ch 13 BK: 1 year on-time payments and court approval is needed - Foreclosure: wait 2 years from deed transfer USDA - Ch 7 BK: wait 2 years from discharge - Ch 13 BK: 1 year on-time payments and court approval is needed - Foreclosure: wait 3 years from deed transfer
@merarymartinez33762 жыл бұрын
Do you add rent to your debt list??
@WinTheHouseYouLove2 жыл бұрын
Nope. You won't be renting after you purchase your home, so it's not included
@JahdielSaneo2 жыл бұрын
GREAT VIDEOOO!!!!! SO HELPFUL!!!!
@WinTheHouseYouLove2 жыл бұрын
Glad you think so!
@barbaraharris15253 жыл бұрын
Great information. Thanka
@WinTheHouseYouLove3 жыл бұрын
Thank you so much for watching!! :)
@Sammyalqattan4 жыл бұрын
Im not receiving the link did you disable it :(
@WinTheHouseYouLove4 жыл бұрын
Nope, check your spam folder
@shacoraparamole43092 жыл бұрын
Love your videos and your nice on the eyes lol
@WinTheHouseYouLove2 жыл бұрын
😊 thank you
@flipmodellc70433 жыл бұрын
What if you do a gig job? ( Uber)It’s not on my taxes because I just started this year would a lender be able to use that income?
@WinTheHouseYouLove3 жыл бұрын
You need 2 years history of self-employed income
@FlawlessCFO4 жыл бұрын
Great video! This actually made me subscribe to you 🤗 keep up the great work
@WinTheHouseYouLove4 жыл бұрын
Thanks for subbing!
@FlawlessCFO4 жыл бұрын
@@WinTheHouseYouLove you're welcome 😊
@bbrignolle12644 жыл бұрын
Me too
@harlow77643 жыл бұрын
I live in SW Washington and the land is pretty cheap. Could I get a construction-to-permanent loan through FHA? ($50,000 on land & build a cute home (600sq ft) for $120,000). Would I still qualify for first home buyer grants if I’m doing a construction loan?
@WinTheHouseYouLove3 жыл бұрын
Yes, I believe you can do that. The loan will automatically convert to a permanent mortgage when the construction is complete. You can also ask your agent/ lender about this. Thanks for watching. :)
@mekrobar78724 жыл бұрын
I make $1800 a month from ssdi plus I have just over half a million on the way. I finance a house and owe about 90 grand on it. The half a million I want to invest with a broker. Would it be possible to buy another house for a rental plus refinance my live in home with only showing $1800 a month income if I have mid 6 hundreds credit score? I'm hoping if the housing market crashes I can invest in a house as a rental and use the least amount of my invested funds since interest rates are so low. I'd make more from the market than I'd spend on interest from the loans.
@WinTheHouseYouLove4 жыл бұрын
It may be difficult to get financing on just the SSDI income alone. The lender might be able to treat the assets as income to help you qualify. The lender would usually take 70% of the asset value divided by the term of the loan. So on a 30 year loan, $500,000 would be $972/mo. That combined with grossing up your income to $2,250 would be $3,222/mo. That should be enough to cover your current loan and a rental while using the projected rental income to offset the future payment.
@mekrobar78724 жыл бұрын
@@WinTheHouseYouLove thank you very much.
@nevinafia3753 жыл бұрын
I made 52k in2019 working as uber how much I can get for first home buyer
@WinTheHouseYouLove3 жыл бұрын
You'll want to follow the steps in this video or use the calculator
@samuelpike1248 Жыл бұрын
I would love to be able to afford a 300,000.00 dollar home but where I am at here in Utah,there are many areas where the average home price is 350,000.00 or more,and you might be lucky if you can find a handful of condos/townhouses for 250,000.00 or so. My credit score is good,and I would quality for down-payment assistance,but exactly how much I am not sure. I would have to check with the real estate agent that I was referred to through a co-worker and see what he says. I have heard that for the average person making 40k a year or so that they could qualify for an amount that is about to 2-6 times their gross yearly income(which,if that is true,could be up to about 240,000.00 or so for me). Is this correct,does anyone know? I have heard several things but not sure what's true and what is not. I just know that I hate renting and would love to get into a good place soon if I qualify for something,and I would guess some of you are in a similar boat too,right? There just are not a whole lot of options for potential home buyers in Utah,unless you go further south and further north of Salt Lake to the smaller towns.
@ranxulin25394 жыл бұрын
How should one balance between tax write off and the ability to get a higher mortgage amount? Because I imagine the lender’s fees would be cheaper and the interest rate would lower if one can be qualified for a higher amount based on his/her income (due to lower risk) ?
@ranxulin25394 жыл бұрын
Which one makes more financial sense
@WinTheHouseYouLove4 жыл бұрын
Great question that an accountant would answer best. Your income will only affect how much you can qualify for. It will not affect any fees or rates.
@belkyzdavila42443 жыл бұрын
You make great videos!
@WinTheHouseYouLove3 жыл бұрын
Glad you like them!
@Rosalva244 жыл бұрын
Can you send me the link? I clicked the link and it says “send me the link but I haven’t received.
@WinTheHouseYouLove4 жыл бұрын
Check your spam folder and if not there shoot me an email at kyleseagraves@hey.com
@chrisSandersASX3 жыл бұрын
what if u work two jobs can you use both those incomes
@WinTheHouseYouLove3 жыл бұрын
You'll need a 2 year history working 2 jobs
@estephanie3313 жыл бұрын
You are so appreciated.
@WinTheHouseYouLove3 жыл бұрын
Thanks!
@lincoln69813 жыл бұрын
I've been making just under 40k for the past couple years. And that number shouldve been better last year but with covid we didn't make the same hours we should've here at work. There's some decent houses for a bit I've 200k in some surrounding areas of Houston. And I currently do have a car payment but hoping that should be gone in less than a year . But i don't have student loan or any other debts . Would I be able to do a 200k house ? Can I afford a bit more or should I aim for a bit less
@WinTheHouseYouLove3 жыл бұрын
Text #maxprice to 937-358-6542 I have a calculator that can help
@Doors0672 жыл бұрын
I made 30k then 50k them got the axe and now make 40k crazy how much difference it is with each side of that coin but I bought my home based on my 30k salary so I'm still in a good spot
@missdesireindependance5194 Жыл бұрын
How much was your home?
@ryanendersmith4 жыл бұрын
Anyone have success getting the sheet from the video? I put my email address in on his site twice in the last 24 hours and haven't gotten it.
@WinTheHouseYouLove4 жыл бұрын
Shoot me an email at kyleseagraves@hey.com I’ll try to see what’s wrong
@WinTheHouseYouLove4 жыл бұрын
Shoot me an email at kyleseagraves@hey.com I’ll try to see what’s wrong
@luxurycardstore4 жыл бұрын
Loved this video. Although I make more than $40k is was still useful. I downloaded the worksheet. I was pleasantly surprised, so I took the plunge and got a quote from Credible. FYI the only reason I got the quote was because of the SOFT pull. I am VERY HAPPY with their offer, but I have to wait until next April to buy (2 years employment) Thanks for the timely information.
@WinTheHouseYouLove4 жыл бұрын
Thanks for watching!! I'm glad to hear they offered a good rate!
@jossj31452 жыл бұрын
YOU ARE AMAZING
@WinTheHouseYouLove2 жыл бұрын
So nice of you! Thank you!
@candycane50772 жыл бұрын
I do loans , your my inspiration
@WinTheHouseYouLove2 жыл бұрын
Wow! Thanks for watching!
@Dlow-kc6jv4 жыл бұрын
Out here in IL, your HOA could be 300 a month on a small condo. #EXITILLINOIS
@mmmmmMuffinz4 жыл бұрын
yup! I pay 300/month for my condo. absolutely insane!
@alcnwonderlnd4 жыл бұрын
300 is on the lower end here in Houston..awful
@deew74114 жыл бұрын
So true
@WinTheHouseYouLove4 жыл бұрын
Eww, that HOA is gross!
@latoyahill27522 жыл бұрын
I love your voice ❤
@WinTheHouseYouLove2 жыл бұрын
🎙️ Thank you!
@victorcapetillo20703 жыл бұрын
See that makes sense. Now someone please tell how in the world are people getting approved for 400k-600k here in Cali Caliente. I doubt all these people are making more than the medium income of 75k, 77k, so assuming they're making 80k and are debt free are they re getting that 550k mortgage? Or 500k?
@WinTheHouseYouLove3 жыл бұрын
People like to really stretch their budget!
@waltchan3 жыл бұрын
Combined income (husband and wife/partner) into one mortgage application for up to $100,000 income yearly (or $50,000) per person.
@victorcapetillo20703 жыл бұрын
I figured it out!!!! The evil greedy loan officers or whatever you call those that you apply with for your mortgage get your gross income, deduct taxes social security Medicare (the usual) and also deduct your debt income. They lied!! They only report minimal expenses to in the application. Just like they did back in 2004-2008. So anybody making 50k can be approved for a loan of say $2100-$2400! Meanwhile the experts keep saying 50k should be able to afford a $150-$180 mortgage 🤡🤡🤡🤡
@katwilliams29503 жыл бұрын
I understand that you used gross because that is what lenders use but I feel like that's not right to use when making a video saying this is what a person can afford. That 40k after federal, state, and local taxes is a lot lower.
@WinTheHouseYouLove3 жыл бұрын
There are 2 levels of affordability. What you could afford and what you should afford. This video is about what you could afford.