NEW FHA Loan Requirements - The Ultimate Guide For First Time Buyers

[@MzLaylah234]

Kinda getting emotional right now. I don’t have a single person to teach me anything about home ownership/loans fees etc. I’ve learned so much and this is my second video I’m watching. Thank you! May God bless you ten fold 🎉

[@carlaforth7707]

I took a course through Ehome America for MI down payment assistance. It was $99. It taught me a lot and now I have help with my down payment.

[@MzLaylah234]

@@carlaforth7707 thank you for sharing! I’ll definitely look into it

[@carlaforth7707]

@@MzLaylah234you're welcome. I also just looked at the Empowered DPA mentioned in this video. It took me to a website with a link for all the state's DPA programs. It has taken me a couple years to get ready to buy, but worth the wait. Good luck with your search!

[@joeyboedeker2047]

Move out of the cities and build on some land. Hope you succeed in everything!))

[@Frenetic321]

Good luck, Michelle!❤

[@songbird2297]

I'm at 740 score but we went FHA. I prefer their standards for a home appraisal. The FHA also had a lower interest rate and right now, that matters. We got seller to cover closing costs. We should be closing by the end of the month.

[@WinTheHouseYouLove]

Congratulations! That's awesome!

[@LouieTheFrenchie]

Congratulations! God bless your new home 🏡 🙏🏻

[@LoveThyGameTV]

In what state is this your in

[@songbird2297]

@@LoveThyGameTV California

[@wudzkillus]

Hi, congrats! im also in California. Whats your lender and how much interest you got? Thanks!

[@Leonardo-tj6up]

Going through the homebuying process has been very stressful, and this man has explained everything more clearly than I could’ve ever imagined I feel a lot more comfortable and confident after watching his videos. Thank you so much for all your help. 😉

[@WinTheHouseYouLove]

Thank you so much!

[@humblemotions1917]

I’m 24 looking for a home this year or next. Tired of giving apartments 20k a year. This video gave lots of info & you seem well knowledged on the subject. Subscribed.

[@WinTheHouseYouLove]

Thanks for watching!!

[@carynrg9771]

You really do have the heart of a teacher. I stumbled on your videos looking for something else, and I'm so glad I did. Good job! Thank you for the education.

[@ZobeidaHanderhan]

Low score or not there are places that can repair your bad reports and approve youforloans, you just got to have the right info thats all. Knowledge is key

[@ZobeidaHanderhan]

@schukerD CREDIT ----- MIRAGE.

[@WinTheHouseYouLove]

I think this is the best FHA video I've made! It's certainly long, but it covers a lot more than I've found in other videos. All the slides have clear titles so you can skip around to different sections if you'd like! Have questions about FHA (or other loans)? Email me at [e-mail] Or, if you'd like to get the ball rolling on a loan quote and pre-approval, schedule a free loan consultation with my team: www.winthehouseyoulove.com/lender Additions from the comments: - If you increase the purchase price to ask for seller credits, the home has to appraisal at the higher value. If it doesn't, you risk not being able to get the credits. - You can use money from the sale of a home, marriage settlement, etc for your source of funds. As long as it can be documented. - You can buy a foreclosure, but it has to meet FHA appraisal guidelines. - FHA has a rule that says if you currently have an FHA loan and want a 2nd FHA loan if has to be 100 miles away. (www.hud.gov/sites/dfiles/SFH/documents/sfh_hb_4000_1_update_12_redline_06_29_22.pdf). Page 158 has the exceptions to the rule. - 90 day flip rule - Seller may be hesitant of FHA since repairs may be required - $100 down FHA

[@chelseaendsley7852]

Kyle, I just found your channel and this was so helpful, thank you! I'm preparing to buy for the first time and feeling nervous and not sure if I'm preparing properly? I appreciate your calmness and clarity! 💜😊

[@Dmeguil85]

Thanks for the free wealth of knowledge. Its very informative and greatly appreciate!

[@JacquelynKay]

The most helpful video on FHA Loans. Thanks!

[@excessnetwork4221]

I think so too , Well polished

[@_valles3438]

I'm glad you did though! I learned an individual can rent out property after 1 year on living in it (I was aware of only refinancing out of the FHA into Conventional after some time) and reinforced that DACA recipients are indeed eligible!!

[@dre5229]

I used the FHA loan to buy my home at 22 back in 2011. It was very helpful but the mortgage insurance was a pain. I get that they are worried about defaults but paying more makes it harder to pay it. I refinanced and got rid of it and lowered the interest rate before it was too late.

[@Awaiting_YHWHs_Return]

How long did you wait to reffinace?

[@seiscincocero]

How were you able to buy a home at 22 ? In what state if you Dnt mind me asking ? Any advice on new homeowner I’m 24 btw.

[@CeaserCalderon-i5m]

@@seiscincoceroI’m 19 and on the route to build a fourplex in CA I hope to qualify for the FHA I’m sure I will with 20% down … breeding French Bulldogs since 16 🙏 my dog business investment was worth every penny 👌

[@chaimaeelhourani4754]

As of 03/20/23, the monthly insurance premium will be reduced from 0.85% to 0.55% for loans with an effective case number on or after 03/20/23 only. The one-time upfront mortgage insurance premium of 1.75% will remain the same. Kyle, thank you so much for this very informative video about FHA that I might have repeated 50+ times, and every time I've learned something new.

[@yelnatsch517]

With all of these additional fees, why would anyone with good credit and enough down go with an FHA still?

[@CleanLuxuryCosmetics]

This video is pure gold. Absolutely everything I was looking for all in one video. Thank you!

[@charlietroy4751]

Thank you so much for making this video I grew up poor and no one in my family owns their own home. This made it way less intimidating.

[@soulfulexpansions]

I really like the sound of your voice. It's very soothing . U could talk about anything and ide enjoy listening to you talk lol. 😊

[@WinTheHouseYouLove]

Oh thank you! 😁

[@manaarbroxton844]

This guy is so informative. I could listen to these videos all day. Learned so much going through my lending process. I reached out to his company after I had a set close date. I was emailed back and had my closing details reviewed and was told that I’m looking good. That was so honest and helpful as I was working with another lender. This will be my go to when I refinance out FHA. Customer service is spot on!

[@WinTheHouseYouLove]

Awesome, I'm so glad to hear you had a great experience :)

[@shahida46]

Literally obsessed with this channel!!! This is the BEST MORTGAGE CHANNEL ON KZbin!!!!! Thank you sooooo much for this information this has been extremely helpful. You said we

[@WinTheHouseYouLove]

Thank you so much for watching!! If I can help at all please email me [e-mail]

[@taneishareed7821]

I had to stop in the middle of this video to say “THANK YOU” this is so good and holding my attention. Great job!

[@WinTheHouseYouLove]

Wow, thank you!

[@damahom92]

Kyle, you truly have a heart of a teacher! Thank you for all that you do. Wifey and I are much more comfortable with the wisdom you and the team have provided us. We are intending on buying a single 6-12 months and hoping we get a realtor with your attributes. You provided so much! Like, Subscribed and Sharing with friends and family. Definitely going to be a Lifer on this channel lol Keep up the hard work Kyle. Happy holidays and have a great new year!

[@WinTheHouseYouLove]

Wow, thank you! Have a happy new year!

[@thejoebirgexperience8192]

If you are looking in the Las Vegas, NV area, I would be proud to help you.

[@RileyJohnson-br7wh]

🤯 So much information in this video. This must have taken days to organize this information to deliver in an hour and a half. Thank you for putting this together!

[@WinTheHouseYouLove]

Thanks! Haha it took a bit of time to put this together!

[@24G-p5r]

​@@WinTheHouseYouLove well it's very much appreciated 🎉🎉🎉

[@joaniemeiman5303]

You’re a natural teacher, Kyle. Thanks for posting this detailed explanation. Really helpful!!

[@WinTheHouseYouLove]

I appreciate that! Thanks!

[@ObedCEsquivel]

I already bought a house but I still listen to you, in the background lol. You're amazing at explaining very complex stuff ☺

[@WinTheHouseYouLove]

LOL! Thanks for all the support. Let's hope everyone who watch my video will finally have a home. :)

[@marymagdalene142]

This is the most informative FHA loan video I have ever watched. Thank you, Kyle!

[@WinTheHouseYouLove]

Nice! Thanks for watching. :)

[@marideemcbride]

Thank you for this video, this is very educational for a person like me who has never bought a house before and has no knowledge about buying a new house. You're such a blessing. Again, thank you for this video.🎉

[@WinTheHouseYouLove]

Thank you so much for your kind words! If you're ready to take the first step, feel free to get pre-qualified with our team at www.winthehouseyoulove.com/lender. 🎉

[@diceniamorose5009]

Today I cried. I am new Registered nurse (1.5years) I make $35 an hour. I have $20,000 for a deposit. 760 credit score and still I can’t own my own house. Here in Hollywood Fl only thing I can afford to move into is a trailer. I feel so bitter….

[@alabamagirl2725]

Hang in there. I live in Florida too but we can get a home out of state. Thinking about moving back to Alabama. This state is almost impossible to buy a home anymore.

[@ophelia2669]

Come to Georgia. I'll help you. I help a lot of buyers from out of state.

[@Misstexas08]

Come to Texas

[@judgeashley2347]

@@alabamagirl2725 yea, my daughter went out there, so looking at bama too.

[@toadamine]

You're entry level at 1.5 .years... you'll make a lot more in five or ten years (assuming you're a good worker a d get promoted/raises

[@Laryanka]

You are a very good teacher. Good class.

[@Potatoroomr]

Thank you for everything you do man. You have no clue how big of an impact you’re making. God bless brother

[@WinTheHouseYouLove]

I appreciate that. Thank you for watching my video. :)

[@soulspiritbody]

You are a great educator! Love listening to you. Thank you for creating these videos. I hope you get tons of business from all of them; you deserve it!

[@WinTheHouseYouLove]

Hey Soul & Spirit! Thank you so much for your kind words and support! I really appreciate it, and I'm glad to hear that you enjoy watching my videos. If you ever need any mortgage advice or assistance, feel free to visit www.winthehouseyoulove.com/lender or email me at [e-mail]. Thanks again!

[@bryanbranion7426]

This was a very informational podcast. I have a lot of work ahead of me.

[@WinTheHouseYouLove]

Glad it was helpful!

[@LuisReyes-pr7lx]

You have to be a special kinda guy to be giving this kinda game out ! Thanks! Oh and patient, to not lose your marbles on some of these folks in the comments lol

[@WinTheHouseYouLove]

Thanks for watching! Haha, KZbin comments can be wild sometimes

[@lex6756]

Taking a loan is not a problem. Problem to pay it. 425000 house, you have to pay almost 3k in a month. plus feed your family. GL with it. In California 425000 is a chicken house in getto. At least you need 550000, then you have to pay 4k a month. To pay it you have to have a minimum 130k salary. It doesn't matter what loan are you taking if you can't eat solar energy. Overall very informative, thank you for the work!

[@robbie_cu]

130 combined income though right? Tbh that doesn’t seem that bad. Also, 4k a month for 550k home seems nice. In Texas that same house value would be well over 5k a month.

[@Verzula]

@@robbie_cu in Chicago that home value would be $750k-$850k

[@traceylawrence7363]

@@robbie_cu combined is not existing if you are single.

[@noblelies]

Yup. Wait for this real estate bubble to burst.

[@yourmomma4423]

@@robbie_cu combined lol 80% of marriages end in divorce no one wants to be combined

[@jakealden2517]

Thank you Kyle. This is a great video, a master class on the FHA loan process! I will definitely refer to this video when I enter the housing market this year.

[@WinTheHouseYouLove]

Glad it was helpful! Thanks for watching. :)

[@amygresham5221]

Thank you for sharing your knowledge on buying your first home. I bought mine’s last year in March.

[@WinTheHouseYouLove]

Hope you enjoy it! Thanks for the support. :)

[@stevenmurphy3705]

Bless you brother you have broke-down the home buying process to the simplest form! I don’t feel overwhelmed and hopeless anymore 😅 thank you for sharing this!

[@WinTheHouseYouLove]

Glad to hear it was helpful, Steven! If you're ready to take the next step, consider getting pre-qualified with our team at www.winthehouseyoulove.com/lender. Let me know if you have any other questions!

[@MrLopaka99]

Love your detail and thoroughness. Excellent presentation.

[@WinTheHouseYouLove]

Thank you kindly!

[@justwatchingyoutube3285]

Outstanding video and very thorough!! We are in the underwriting phase now and hearing the detailed explanations helped.

[@WinTheHouseYouLove]

Best of luck and thanks for watching. :)

[@Lisa-nt7wt]

Well done !

[@amznprime5145]

He speaks so softly that I use his videos to cure my insomnia zZZ

[@WinTheHouseYouLove]

Haha as long as it helps!

[@gtllamas6558]

Very informative and easy to follow. Thank you.

[@JeremyPorter-vt3ku]

the amount of information 🤯i chopped it into two days and finished the best if not top recommended videos to watch in my opinion

[@WinTheHouseYouLove]

🙌 Thank you!

[@DekiaryCarter]

Wow you literally covered everything and more that I was curious about. I'm planning ahead for the next 3-5 years with my wife so this is super helpful guidance. Thanks!

[@WinTheHouseYouLove]

Thanks so much for the kind words! I'm glad my video was able to help you out with your planning. It's always awesome to hear that the content I create is useful to others. If you have any more questions or need any additional guidance, don't hesitate to reach out. I'm always happy to help where I can. Glad you enjoyed the video, and I hope you and your wife have a great future ahead! [e-mail]

[@DekiaryCarter]

@@WinTheHouseYouLove will do! Thank you so much. Have a great week.

[@lcps6805]

This is the best channel I have found on youtube regarding home buying. Ive watched many of your videos and hope to be entering the market soon equipped with what you have taught me. Not a great time but I dont know if a crash will ever come

[@M-1ne]

This is one of the best videos I’ve seen on here for housing. Thank you for this

[@WinTheHouseYouLove]

Glad you liked it! Thank you!

[@josecarloslezcano95]

I feel like I attended a seminar… learned a lot of info and got over many doubts about this complex topic. Thanks for sharing your knowledge with us. I look forward to work with your team.

[@WinTheHouseYouLove]

Hey Jose Carlos! Thanks so much for your kind words and support. I'm really glad to hear that you found the information helpful and that it cleared up some of your doubts. It's always great to know that I can make a difference and provide value to people like you. If you're ready to take the next step and start on a pre-qualification, you can head over to www.winthehouseyoulove.com/lender or just shoot me an email at [e-mail]. I'm here to help whenever you're ready!

[@LouieTheFrenchie]

I have been subscribed and watching your videos for over a year now. The information you've provided has been so helpful! Finally prepared and ready to apply for an FHA. Currently working with a lender for a pre qualification letter. They questioned a 4K cash deposit I made on my account. It was a payment from my sister for money I lend her she's self-employed and gets paid with cash or personal checks. Hopefully, that doesn't kill it for me waiting to hear back from the lender. 🙏🏻

[@WinTheHouseYouLove]

Thanks for watching!! If you can document it it shouldn't be a problem. Also, I'd love for you to give my company a shot at a quote! We'd love to help with your loan. Feel free to send me the quote you have and we'll see if we can beat it! [e-mail]

[@LouieTheFrenchie]

@Win The House You Love Okay sounds good will do. If I do get the pre qualification, I will email it to you. Thanks!

[@jerryosborn4946]

I do digital marketing for a living, and I have to say that this detailed video plus the video based walk-through journey is great!

[@WinTheHouseYouLove]

Thanks Jerry!

[@tanyamarie_realty]

Awesome information! Tennessee/Alabama Realtor and now a new follower. I love keeping up with details of all the loans as it helps me help my clients. Thank you!!

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@extensionxpertessence]

I look forward to these informational videos ❤

[@WinTheHouseYouLove]

Thanks for watching, Essence!

[@rosapiedra603]

I love the way that you explain everything very clear

[@YeZhik5]

I own 4 properties through conventional loans and am looking to buy a 5th. Due to my income to debt ratio I can't go down conventional loan path, but FHA is possible. I had no idea about how it works until this video. You've covered so much crucial information, possibilities, and what-if scenarios. Thank you

[@WinTheHouseYouLove]

Thanks for watching and best of luck!

[@koremeltdown7258]

Terrible idea. This debt will fall on your head, I promise. Sell the investments consolidate the equity and buy a rental outright. Your plan will eventually crush you, its not the way to make real money.

[@YeZhik5]

@@koremeltdown7258 thanks for your input. My w2 job covers all my expenses, the rental properties are extra. I'll be fine.

[@mr.jimbusiness6326]

@@YeZhik5 you cant use FHA for rental properties

[@moshpitsonly2778]

@@mr.jimbusiness6326 yes you can 😊 you just can’t let them know for a lil bit

[@HummmUhHuh4]

Great information!! Thank you for making this video!!

[@WinTheHouseYouLove]

Thanks so much for watching! I'm glad you found it helpful!

[@shannelbarrett-hawthorne7457]

Such great information Kyle!! Thanks to you. Solid and on point!

[@WinTheHouseYouLove]

I appreciate that! Thanks for watching. :)

[@ReinaFA2012]

Thank you..! I learned a lot I am working toward my first investment property 🙏❤️

[@WinTheHouseYouLove]

That's awesome to hear! Good luck on your investment property journey! 🙌 If you need help getting started, check out www.winthehouseyoulove.com/lender for pre-approval options.

[@r09ti]

This is great info! Why are they not teaching this in high schools?

[@WinTheHouseYouLove]

A lot of people are saying that, but don't worry.. I'm here! Thanks for watching. :)

[@spf_500]

Not sure how I went from budget KZbin to here but I approve! Very helpful.

[@WinTheHouseYouLove]

Haha not sure! Thank you so much for watching!! :)

[@miladzadeh]

Please keep in mind if you choose to roll the closing cost in, in other words artificially increase the purchase price then the house will have to appraise for that higher amount.

[@WinTheHouseYouLove]

Great reminder!

[@Lalo-12696]

Kyle this is a very educational video, im going to star a process to purchase a house and I been learned a lot with this video. Thank you for such of information.

[@WinTheHouseYouLove]

I’m so glad you found the video helpful! If you're ready to start the home-buying process, you can get pre-qualified with our team at www.winthehouseyoulove.com/lender.

[@ZorroDaddy]

Great vid, I think Time Stamps are important for such a long one. Thanks

[@WinTheHouseYouLove]

Thanks! Working on it

[@ZorroDaddy]

@@WinTheHouseYouLove Thank you very much.

[@LadyDiva3]

So much amazing infos in this video!!! I was on another KZbin channel completely unrelated to this content but she mentioned you and even linked yr video in her description and here I am! So grateful 🙏.

[@WinTheHouseYouLove]

😯 Who's that KZbinr? I need to thank her. Thanks for watching.🙂

[@lizelles.8657]

Thank you so much for this highly informative video. I have some FHA knowledge but geez you really covered so much great information and broke it all down fabulously. I will be contacting you guys. I need help/info on buying when relocating

[@WinTheHouseYouLove]

Appreciate it. Yes, you can contact us at www.winthehouseyoulove.com. Looking forward to hearing from you. 😃

[@debramunson]

Wow, very great material!! Very very useful! I kept getting distracted though because you are so freaking adorable lol but yeah anyway, thank you so much for the information, very valuable!

[@WinTheHouseYouLove]

Thanks so much for your kind words! I'm glad you found the info useful, and if you have any questions about getting an FHA loan, feel free to ask.

[@debramunson]

@@WinTheHouseYouLove I most definitely will be reaching out to you about this! I would be a first time home buyer as well. Fortunately, I have amazing parents and they got my current home for me. But now we are planning on selling it soon after the renos. So yes, I will message you very soon! :)

[@mattyrodz7899]

Hi! Thank you for putting this video together! Amazing! My question is: could you own two 4 unit properties under FHA in two different states? In my case, one in TX and the other in NY? I can comply with the year stay on each property but it is my desire to will the properties to my children. Thank you!!!

[@matrixgc]

This was a very informational podcast. We are a 203(k) contractor in Philadelphia and nj

[@tiffanyjohnson4271]

I love watching your videos because you really explain everything very well. I plan on taking a Real Estate class soon, so this information will be useful

[@WinTheHouseYouLove]

Thank you, Tiffany! Best of luck!

[@AaronDeHart]

your videos are awesome man. As a fellow loan officer, I appreciate how thought out these are and the great details you go into.

[@WinTheHouseYouLove]

I appreciate that! Thanks for watching. :)

[@KevinChiloJr]

Hey Tyler awesome video. So the only way of getting rid of MIP on FHA is to refinance once the house has 20% equity ? Or put 10% down? Is that the only way?

[@85NDanielle]

Thank you for this very informative video. With the knowledge I've gained, I feel well-equipped when I'm ready to move into the housing market next year.

[@WinTheHouseYouLove]

Best of luck!

[@jonathandeleon5747]

Thanks for the video! After watching it, I feel less anxious on what to expect when talking to a lender. My wife and I have a lot of student loan debt. We are both on IDR plans and switched to IDR while deferment (COVID student loan pause) was in effect. On the student loan slide, it was mentioned that we can avoid the 0.5% by switching to a government plan (IDR). But I feel like that's not entirely true at least if done today. Correct me if I am wrong, but new payment plan won't hit/reflect on credit report until the pause (deferment) is over and there has been proof that the new payment plan is the new monthly payment. So until then it will still be 0.5% or 1% of the entire loan (depending on the loan). If the switch to IDR was done before deferment, then there is proof of a monthly payment which can be used in place of 0.5% or 1%.

[@WinTheHouseYouLove]

On IDR the credit report is not proof of payment. You just show your IDR documentation and that is used for the payment. It overrides the credit report.

[@jonathandeleon5747]

@@WinTheHouseYouLove Thank you for the clarification! Love your vids!

[@aminaa7909]

Revisiting this channel very grateful for all I learned bought in 2021 with interest rate 2.9! Thank you very much! You are the best

[@LeoMese]

Thank you for this, it is the most informative video I've seen on this topic. Currently have all the boxes checked regarding eligibility, how far in advanced should someone reach out to y'all in regards to getting an approval ready? I'm waiting to see if prices come down by the end of summer, but want to be ready when the time/property is right.

[@WinTheHouseYouLove]

Right now! Here's my website: www.winthehouseyoulove.com

[@lev360]

Wow you are spot on an explanation fha and conventional loans I appreciate it

[@WinTheHouseYouLove]

Glad it was helpful!

[@gonzaloruelas7603]

Hey Kyle love all your content by the way!! Question would it make sense to go FHA if you want to take advantage of DP assistance that you don’t have to pay back even if you have a 750 credit score?

[@gsa7512]

Good question

[@LouieTheFrenchie]

My same question.

[@evaarbo5456]

Kyle, you are an angel came from heaven 😇🙏👍👏👌 sorry there are no words to describe you informative, detailed, kind heart, helpful, handsome All in one 🤩 God bless you 🙏🙏

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@doki8227]

Thanks for making this video! So informative! My only question is if the FHA exists to insure the mortgage why is PMI so high for these loans in particular?

[@WinTheHouseYouLove]

PMI is only on Conventional loans. FHA has MIP. MIP is how FHA is able to insure the loans. That’s where they get their money to pay out lender default claims. FHA is one of the only self-sufficient government entities because they collect MIP.

[@maggieluvable]

Great speaking voice. And I learned something. Ty! 😊

[@WinTheHouseYouLove]

I just recorded a personal video reply for you: vid.us/qh29pk

[@MoMoni81]

FHAs are not favored by sellers because they’re coached by many realtors who are mainly focused on their commissions. So it’s basically it’s agents lacking in educating their clients.

[@jaiordynamicz]

You just taught me soo much about fha loans so glad I shared this video to my friends

[@WinTheHouseYouLove]

Awesome!! Thanks for watching!

[@davidparisi5650]

Kyle, I love your videos. I had a question, I noticed you mentioned the payment on your FHA monthly mortgage insurance premium will decrease every year.. Is this a new change? From my understanding, the payment has always remained fixed for the life of the loan.

[@WinTheHouseYouLove]

Nope! It's always re-amortized each year. Here's HUD's guidance on this: www.hud.gov/program_offices/housing/comp/premiums/sfpcalc I actually contacted a major mortgage software company about this because they did their calculations wrong. They didn't believe me and reached out to HUD who confirmed.

[@jamaul8909]

What a great video. Trying to get military orders to my preferred location and buy a home and this has def helped me. Thanks

[@WinTheHouseYouLove]

Awesome! Thanks for watching. :)

[@nursedanig2246]

Another question, so if I have $8000 in my savings account from just saving money for the past year towards a down payment, when I give my 2 months of bank statements to the lender, will they question the source of that $8000 that’s already been in there? Will they want more than two months of statements to see where that money originated from?

[@mariomcfarren97]

Hey Dani I am a loan officer and yes you can use that $8000 of cash as long as it has been in your account for at least 2 months it's what we call "seasoning" as long as it's seasoned for 2 months you are good to go!

[@americafirst6628]

THIS HAS BEEN SO INFORMATIVE...THANK YOU SO MUCH

[@WinTheHouseYouLove]

Hey America First! Thanks so much for your kind words and support! I'm glad to hear that you found the information informative

[@nursedanig2246]

Very kind of you to explain this so patiently. I am wondering about the $22,000 closing cost total you posted on that $415,000 loan. Did that include the down payment 3.5% of $14,000 or it’s in addition to?

[@24G-p5r]

Closing costs are usually separate, I think in this case they were separate too.

[@UnconditionalLoveChrist]

God bless you. I have been a real estate agent for months and feel overwhelmed with all the new things I’m learning. Lender side of it I was putting on the back burner and now you made it enjoyable easy and informative. Thank you thank you thank you.

[@WinTheHouseYouLove]

Fantastic! Thanks for watching.

[@alreadyydopelife6616]

My score is above 700 less than 730. My main concern is not being able to do 20% down plus all the closing cost & reserves needed for conventional loan. Would you recommend FHA for the 3.5% or just try to save

[@starbad3685]

FHA

[@shahidulalamkhan5417]

Hi Kyle, so helpful insight. I’ll buy my first home through your company next year! Let’s keep in touch base. Thank you for the video

[@WinTheHouseYouLove]

Thanks! Feel free to reach out if you have questions [e-mail]

[@billiefrank8543]

Kyle thank you so much. I don’t think you have any idea just how much you are helping FTHB and others. Your videos have really helped to build my confidence and take the necessary steps to secure a home for my children and as a single mom having that confidence is key! Thank you Kyle 😘😘

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@pierregarcia4758]

Thank you very very much for this education on FHA loans this by far was one of the most educational videos I ever seen very professionally done great great job I would have paid for this information it’s that good

[@WinTheHouseYouLove]

Great to hear! Thanks for watching. :)

[@crystalnyla]

NEW SUB !!!!!!! THIS IS GOOD STUFF THANKS. IM WEEKS AWAY FROM BECOMING A REALTOR

[@WinTheHouseYouLove]

Awesome! Best of luck!

[@AnnnnnaQ]

One of the most informative FHA video I've ever seen on social media!! Thank you!

[@WinTheHouseYouLove]

Wow, thank you!

[@Watermelon_Shuga]

Best explanation ever and I've been researching and educating myself for years. Thank you!

[@WinTheHouseYouLove]

Wow! Thanks for watching. :)

[@Happycow567]

Thank you so much for this video! Just starting my homework on home buying and you were able to break down most aspects very well. Definitely going to check out some more of your videos

[@WinTheHouseYouLove]

Thanks and best of luck!

[@eldelacordeon]

Thank you for the great information. It is evident that you have much experience given to the fact that you give in depth detail examples of how situations and market conditions affect the qualifying process. All in all, I see you give advice to hav epeople better prepared to purchase a home. Thank you.

[@WinTheHouseYouLove]

So nice of you. Thank you!

[@adrrianajordan]

Thanks sooo much for such a detailed video about loans because it was scary to think about but after watching I feel like I understand better and feel better not that I really understand

[@WinTheHouseYouLove]

I know, it's like what you don't know won't hurt you. 😅

[@Alessandro1983]

Such a great video and very informative. Thank you sir, you know have a new follower. I hope your page continues to grow and these videos become ever green!

[@WinTheHouseYouLove]

Welcome aboard! Thanks for watching my videos. :)

[@aijazsiddiqi917]

Great job , love all these information

[@WinTheHouseYouLove]

Glad you like them! Thanks for watching. :)

[@jrivera007]

Excellent presentation 👍👍👍

[@WinTheHouseYouLove]

So nice of you! Thanks!

[@fran_lou]

That was awesome! Great information and easy to follow. Thank you :)

[@WinTheHouseYouLove]

I also created a short version of this. Here's the link: kzbin.info/www/bejne/nJ3XoKGGjtx1iqM

[@Mr.Coffee117]

I love your channel I live in Spring Tx and Just got my dream job. I will be paying off my debt this year and will also save for a house next year. I am learning a lot from your channel. :)

[@WinTheHouseYouLove]

Congrats!! Thanks for watching!

[@Mr.Coffee117]

@@WinTheHouseYouLove Is it possible to get a loan for $375k-$400k if I have no debt and I am making $70,000+ a year?

[@TheJackMarcin]

what mortgages are available for people with low income and high credit score?

[@khalidqatash2525]

Great video love it watched it three times well done by the way, I’m in a agent from Miami Florida

[@WinTheHouseYouLove]

Thank you! Cheers!

[@lindaoliver5904]

Kyle, that was the best information and I do like all of your videos I lost you for a little while but all of a sudden you popped up and I watched you so thank you and jam. I don’t know what happened to the subscribe but I resubscribed love all your information. Thank you

[@WinTheHouseYouLove]

Thank you so much for watching!! :)

[@scottclute9910]

7just cannot afford it.....

[@scottclute9910]

Help.....

[@Thatssbre]

Loveeeeee the video. So many gems

[@markboudreaux868]

Thanks for all the great advice I’m hoping to buy something in 6 to 8 months 👍

[@harveyestis2750]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@harveyestis2750]

You can also need to look their name up to see their website

[@jhonm.5823]

information is right on ...now can you touch on building a home on land that you own