Buying a House in 2024: The Ultimate Guide for First Time Home Buyers

Are you dreaming of buying your first home in 2024, but unsure where to start? This step-by-step guide is your roadmap to success! In this video you'll learn every step of the home buying process, from financial planning to closing the deal, with expert tips and tricks for navigating the current market. Don't wait, unlock your dream home today!
Home Buyer Tools:
✅Get connected with an AGENT in your city → homeandmoney.com/nicole/
Work with Nicole in Arkansas:
🏠 View AR Homes For Sale → listings.narkhomes.com/i/arka...
📩 Contact Nicole → narkhomes.com/contact/
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(As an Amazon Associate I earn from qualifying purchases)
Social Media Links:
📱 Instagram → / nicolenark
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📱 Facebook → / nicolenarkrealtor
Chapters:
00:00 - Intro To How To Buy A House In 2024
00:32 - Step 1: Plan Your Finances
04:39 - Step 2: Hire a Realtor
08:35 - Step 3: Get Pre-Approved
12:32 - Step 4: Start House Hunting
14:39 - Step 5: Make an Offer
16:56 - Step 6: Due Diligence Period
19:37 - Step 7: Negotiate Repairs
21:22 - Step 8: Appraisal
25:17 - Step 9: Final Walk Through
27:17 - Step 10: Closing
29:11 - Outro
- DISCLAIMER -
Nicole Nark is a licensed Realtor and the Principal Broker (PB00083374) of HomeWay Realty. HomeWay Realty is not a lender, does not issue loan qualifications, and does not extend credit of any kind. The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[@432Tx]

First time home buyer and I’m Closing on a house at the end of January at the age of 21 god is good🙏🏼 just got done with paying for the appraisal today still need home inspection and closing cost. Goodluck to everyone

[@432Tx]

And very helpful video you hit it spot on step by step, wish I would have saw this video before!

[@NicoleNark]

So excited for you!! 🥳

[@brizzle3903]

I hope to be doing the same soon!

[@432Tx]

Been a pretty stressful process but it’s been going smooth just waiting on the surveyor to mark my boundary.

[@432Tx]

@@brizzle3903 you can do it!!!

[@josearmenta6872]

I’m looking at buying my first house in 6-9 months. I didn’t know where to get started and this video very much helped me get an idea of how to go about it. Thank you.

[@NicoleNark]

Glad it was helpful! ☺️

[@Tennis-3582]

If I say you’ve been awesome it’s an understatement! You really covered every ounce of it with simplicity and professionalism 😊 I’m glad I found out about your Chanel, can’t thank you enough!

[@NicoleNark]

Wow, thank you! I appreciate you taking the time to watch. Lots more is coming soon😊

[@V3N0MX21]

Hi Nicole! Love the video it was very informative and easy to understand all the steps. I am planning on buying my 1st home.

[@tgaynorugoods]

Very thorough explanation of the process. Video randomly popped up, usually I keep scrolling but was hooked the whole time 😊

[@NicoleNark]

Wow thank you so much for the positive feedback. I’m happy to hear your found my video insightful ☺️

[@brownsugar2u]

Thank you! This was a very detailed video on the house buying process. One of the best videos I've seen on this topic so far.

[@NicoleNark]

Thanks! I’m glad you think so! ☺️

[@Alessandro1983]

Very useful stuff Nicole. Thank you for all that you do to educate those of us wanting ot optimize our knowledge in real estate.

[@NicoleNark]

You are so welcome!🤗

[@AshDaeon]

Thank you so much for this. I thought I would have questions in the end but you literally covered everything I was concerned about. Now on to your video on debt to income ration because that was an issue I ran into a few years ago when looking into purchasing a home.

[@NicoleNark]

So glad you found the video helpful Ashley! 💕☺️

[@tiffanylueong4451]

Very helpful! Thank you so much :)

[@karenhenderson5476]

Very informative...Thank you!

[@jcortese3300]

This is golden information -- thank you! And yes, I would very much like to watch a video about how to draft an offer.

[@NicoleNark]

Thanks for watching! And you got it ☺️

[@DoctorFashion]

Great video! What camera and lens are you using? You're looking sharp! I love it EDIT: I see camera gear list.. Thanks for sharing

[@divergentmind2023]

you are wonderful never had anyone explained it so well i used to have the agent license a life time ago 🤭 but only work as property manager. i am buying a home and wanted to make sure i remember the process… thank you!

[@NicoleNark]

Thanks for watching!! ☺️ I’m so glad you found my video helpful

[@AdnanKhan-kx8jr]

Comprehensive video explained each step perfectly.

[@NicoleNark]

Glad you think so! Thanks for watching 🎉

[@AdnanKhan-kx8jr]

You are welcome Nicole

[@gymotc]

This video was extremely helpful!!! Thank you!

[@NicoleNark]

You are so welcome! I’m happy to hear that you found it helpful ☺️

[@breadpulls]

Can you make a video for buying a home as a first time home owner in California ? It’s soooo rough in Cali .

[@CarisaRae]

Sharing with my clients/customers because this is wonderful! ❤🎉

[@NicoleNark]

Thank you so much! 💕

[@GNegasi]

I really enjoyed the video and got good picture of what is coming down the road.

[@NicoleNark]

Happy to hear that! Thanks for watching ☺️

[@silviasaucedo6092]

Yes! Definitely a video on making an offer

[@NicoleNark]

You got it!

[@rooch11]

Thank you! This was so helpful and clear.

[@NicoleNark]

Glad it was helpful! ☺️

[@ondemandaquaworkouts]

I am a Realtor! I am impressed with how well you explained everything. Great job! 👏

[@NicoleNark]

I appreciate it!

[@user-qy3wm3xn7z]

Thank you for all this great advice 💖 here new subscriber.

[@NicoleNark]

You are so welcome! 🥰 thanks for subscribing!

[@kelvinjefferson2253]

Thank you for this all important information 💯.

[@NicoleNark]

You are so welcome! Glad it was helpful ☺️

[@DJO_NYC]

Best video I’ve seen on this topic. Thank you.

[@NicoleNark]

You are so welcome!! Happy to hear you found it helpful ☺️

[@Clawdiatherescue]

❤ This video was GOLD 🥇 so many gems thanks so much!

[@NicoleNark]

You are so welcome!! Glad you found it helpful ☺️

[@JustnPage]

Super helpful video! First time buyer here looking at a Lennar home in Land O Lakes. This video is very encouraging!

[@NicoleNark]

So happy to hear that! ☺️

[@yeshiwasengda1853]

Extraordinary Video as a buyer Thanks a lot

[@NicoleNark]

You are so welcome!! Glad it was helpful 🥰

[@cynthiapowell9712]

I love this video. Thank you Nicole 💜💜

[@NicoleNark]

You are so welcome! Thanks for watching ☺️

[@mishaw6132]

Your advice is wonderful!😊

[@NicoleNark]

Glad you think so!

[@kameishagreenunapologetica8210]

Perfect info thanks

[@NicoleNark]

You bet! 😊

[@mirnasancheztrejo1123]

Love you! In the market right now 🙈

[@NicoleNark]

You've got this Mirna! 🎉

[@taggmein8]

Happy New Year Nicole!! As Always Thank u so much for being so Informative. It’s Greatly Appreciated! 😊 Keep up the Good work. It has definitely helped me with my 🏡 and many other subbies!

[@NicoleNark]

Happy new year!! Thank you for the kind words ☺️🥰

[@mortgagewithclare]

Your step-by-step guide to buying a first home in 2024 is a lifesaver! 🏡💡 Excited to learn every detail, from financial planning to closing the deal, especially with expert tips for the current market.

[@NicoleNark]

Thanks Clare! 😊 I appreciate it and would love to connect with you!

[@Darryl.Harris]

Thanks for the video; it was beneficial.

[@NicoleNark]

Glad it was helpful! ☺️

[@josebarronjr5838]

Thank you for this informative step’s video! If you get to the closing step is there a cap on how extra funds you can bring above the CD amount?

[@NicoleNark]

To my knowledge there isn’t a cap as to how much extra you can bring. Just know that if you bring extra, the title company will immediately cut you a check for the difference. There isn’t a way for them to apply that extra to your principal balance for example!

[@fredmjohnson183]

you are the best thank you.

[@NicoleNark]

You're welcome! ☺️

[@neftalilomeli847]

Amazing exposure and guide

[@NicoleNark]

Thank you 🙌 Glad you liked it!

[@diegoantonioramirez1316]

Superb explanation!

[@NicoleNark]

Thank you so much! Glad it was helpful! 😊

[@Me-xm4tg]

I love all the info you provided . My only question is should I as a buyer get a attorney for closing thanks Rick

[@wendymckendrick]

Hey Nicole, I love all the information you share and your video set up as well. Do you mind sharing what video editing software you use? Thank you!

[@NicoleNark]

Thanks Wendy! I use Premier Pro ☺️

[@wendymckendrick]

@@NicoleNark thank you!

[@biggiant65]

Super helpful video

[@NicoleNark]

Glad you think so! Thanks for watching ☺️

[@lakaypage2603]

I would like to see your thoughts in a video regarding terms and offers.

[@TheMuzz743]

You're an Asset to real estate. Keep it up!

[@NicoleNark]

Thank you very much, I appreciate that!

[@Saanvi1palz]

Great person

[@milyoh]

Hi Nicole! love love your content ❤ first home buyer - would you recommend the rocketmortgage for someone who is willing to pay more than 25% of downpayment with an excellent credit history?

[@NicoleNark]

Hey there! ☺️ I say, fill out an application with them and see how their loan estimate compares to others. With a larger downpayment and excellent credit, the lenders will fight for your business so it’s a good idea to shop around and apply with a few!

[@IGRIS360]

Thank you! This was a very detailed video and explanation. what are the things i need to look for or do during the loan if i get a contract with a lender but i would like to keep putting more money when i can besides my monthly house payment throught out the years? lets say my house payment is $2500/ month but if i ever have some extra money add additional money without having problems with the contract.

[@NicoleNark]

You will want to look out for a pre-payment penalty! No need for you to get punished for putting more money towards your home ☺️

[@homesbymikewalker]

good stuff, although definitely would be a good idea to update it for July!

[@NicoleNark]

There will 100% be an update! Waiting just a little longer to see how public opinion may or may not change

[@gabrielvaldezr]

great video

[@NicoleNark]

Glad you enjoyed it! ☺️

[@marielaserrano5733]

This was an amazing video and I’m not a first time buyer! We are about to list our current house this spring and buy our third home most likely “forever” home. Any pointers for sellers or not first time home buyers?

[@NicoleNark]

Thanks so much for watching! I'm happy to hear you still enjoyed the video. 😊 As a seller/buyer come 2024, my biggest advice is to give yourself ample time and keep an active eye on the market! The best time to buy next year may not align with the best time to sell. Making sure that you have a fantastic agent by your side to assist you with figuring out timelines will be of utmost importance!

[@silviasaucedo6092]

@@NicoleNarkcan you do one with how to do a listing process and when is the right time to list a home Thank you

[@krystamatthews4048]

Thank you for this video. Now I do have a question. When we do the inspection on the house, does the inspector also check for pest? Or do we also need to get a pest control inspection?

[@NicoleNark]

Hey Krysta! Great question, in most cases a termite inspection and clearance will be done by a pest company if you are buying in a termite prone area. The regular home inspector isn’t necessarily trained in pests but will likely make note if they see an infestation or nest of some kind!

[@TieshasTantalizingTastes]

Thanks! My closing date is April 11th 🙏🏽

[@NicoleNark]

I’m so excited for you Tiesha!! 🎉

[@Poppi_Weasel]

Yes! How to make an Offer Video please!

[@NicoleNark]

You got it!

[@dair805]

Great video!! You game a good feeling to trust you. Please connect me with honest realtor in Pismo, California area. I’m looking into buying a house. First time buyer. Thank you so much!!

[@NicoleNark]

Hey there! With the way KZbin is set up, i don’t have any contact info for you. I’d love to help you find an honest Realtor to assist you so please fill out the form I have linked in the description of the video! ☺️

[@cristinawood1607]

Hi Nicole, you talked about the inspection and the seller's option to reject proposed repairs. If they do reject them, can you retract your offer if you are not willing to move forward giving the extra cost for repairs?

[@NicoleNark]

Essentially, yes! You can terminate the contract if you can not come to terms on repairs with the seller

[@amandafrye4152]

@nicole nark can you recommend someone to help us as first time home buyers in OHio?

[@desertqueenaz7895]

Rhank you so much this helped tremendously

[@NicoleNark]

You are so welcome! Happy to help

[@mudipsfiston8780]

good job

[@NicoleNark]

Thanks 😊

[@ramandeepkaur6242]

Best way to check credit score online?

[@Eastbaycaliforniarealestate]

Hello from East Bay California!! Lets connect Nicole:)

[@christopherdwatsonsr.8996]

How do I qualify for house loan for vacant that I purchased

[@Aeromatt123]

I’m curious why the appraisal process would come after you submitting an offer? If that’s the case, wouldn’t you always run the risk as a buyer of offering too much versus what you can actually get a loan for? Is there a way to have the appraisal come before submitting an offer?

[@NicoleNark]

Great question, Matthew! There are a few reasons why the appraisal comes after the offer. First, the appraisal costs time and money. Usually appraisers will have 10 days to get these completed and are $500+. It would be risky to have a house appraised if you are not under contract because in the amount of time you have spent waiting for the appraisal to come back, another buyer could have made an offer and had it accepted. This would essentially make the appraisal you were waiting for useless. Now with that said, there are some ways that the risk of overpaying is mitigated. As a buyer’s agent, I’m never going to take the seller or listing agent’s word for what a home is worth. If you were my client and wanted to make an offer on a property, I would run a report of comparable sales for us to discuss and we would use that information to craft your offer. Comparable sales are also what an appraiser will be looking at when the appraisal is completed. As long as you reference the “comps” you shouldn’t be overpaying. In my years in real estate and hundreds of transactions, I think I’ve only had a low appraisal once or twice. Hope that info helps! Let me know if there’s anything else I can clarify! ☺️

[@vaibhavamle8901]

​@NicoleNark Hey, Upon the appraisal if the home value is more than 15% and we made down-payment of 5%. Does that mean we have already built an equity of 20% and avoid the mortgage insurance in FHA? you response is appreciated!

[@zinoleysen4393]

As a european the differences in this process are very interesting to see.

[@NicoleNark]

What are the main differences you noticed?

[@ronchalufour5037]

Hi does the amounts of the purchase change with section 8homechoice voucher?

[@NicoleNark]

From my knowledge, I believe the section 8 housing choice voucher funds may not be used to assist with financing costs such as the downpayment, closing costs, etc. The voucher can be used for monthly homeownership expenses that include principal and interest, mortgage insurance premium, taxes and insurance. In terms of the savings that are required to buy, the vouchers would not aid in that. You would likely need to find a separate down payment assistance program if you need help in that area. ☺️

[@Robyn101]

This is the plan: buy a house this coming year 🎉

[@NicoleNark]

You can do it Robyn! 🎉🏠

[@uhpenyen4291]

Am I still considered a first time buyer if I current inherited a house? I am in the military, I live in another state as the inherited house and I have given my next base assignment in another state. Just seeking guidance. Thank you for all that you do.

[@NicoleNark]

Hey there! If your name is listed on the title, you would not be considered a first time home buyer. Being in the military, definitely look into the VA loan! It’s a great $0 down option ☺️

[@vivnell123]

What if you're looking for something with specific needs that aren't super common in the area? Would there be a time limit once your loan is approved and you have a realator?

[@NicoleNark]

Your loan pre-approval will likely be good for 90days without an additional credit check. If you are looking for something that doesn’t come up often, it’s a good idea to give yourself ample time to find it and work with an agent that’s well connected!

[@GonzaMX5]

When getting pre-approval for a loan does the lender give you an amount that you are approved for or do you apply for a certain amount in your price range that you are shopping for. & once you get approved for a certain amount is it flexible ( example does the lender tell you okay you are approved for a 150k loan or do they tell you, you're approved for a loan between 120k to 150k & that makes it easier to shop different price ranges?)

[@NicoleNark]

Great question!! When filling out a loan application, you might see the lender asking how much you want to get approved for. Understand that this is just a baseline. It’s helpful for the lender to know upfront of you are looking for a $100k loan vs a $1mil loan. Regardless of what you enter in your application, after reviewing your finances your lender will be able to tell you what your maximum approval is for.

[@GonzaMX5]

@NicoleNark Okay gotcha thank you so much for your help!

[@Wael4You]

happy holidays to you and your loved ones Your channel is so helpful Thank you very much Please I need your help to get the usda direct loan in New Jersey Morris County

[@NicoleNark]

Happy Holidays! For the direct loan you would need to reach out to the USDA office in your area. You can find their contact info on the USDA website😊

[@Wael4You]

@@NicoleNark Thank you very much

[@silviasaucedo6092]

Would you be able to do the steps on listing side, gladly appreciate if possible

[@NicoleNark]

Absolutely! I’ll get working on that ☺️

[@silviasaucedo6092]

@@NicoleNark you such a great mentor 🥇

[@minjikim2161]

I thought you are supposed to get pre approved first before hiring an agent? Or are those two interchangeable

[@NicoleNark]

The order on those two is really inter-changeable. I have been promoting getting connected with an agent first because they usually have good info on lenders!

[@sheilashe6297]

HOW DO I SEE A LIST OF ALL THOSE NUMBERS BEFORE CLOSING ? the fees etc

[@NicoleNark]

You will receive a loan estimate early on with estimated figures of what you will be looking at. You will get the final numbers 3 business days before your closing on your closing disclosure!

[@SCSC-qz7rr]

Question: I’m planning to buy a house at another state, therefore, how is my realtor help me look for houses? I was under the impression that I would visit the other state and my realtor will take to see different houses during my stay let’s say a week to look for houses. However according to what you’re saying is I’ll be looking online and/or go visit houses on my own, if this is the case, what is the realtor getting a commission for if I’m basically doing all the work? 🤔

[@mortgagewithclare]

Great question! When buying out of state, your realtor plays a crucial role even if you're browsing online. They help narrow down options, provide local insights, and guide you through the process remotely. While you might visit houses on your own, their expertise ensures you make informed decisions. The commission covers their expertise, negotiations, and overall support, making the long-distance homebuying process smoother for you.

[@NicoleNark]

I'm so glad you asked this! 😊Overall, I agree with everything that Clare said above. When I work with clients moving in from another state the process usually goes as follows: 1. We do an initial phone or zoom consultation so that I can learn what you are looking for and understand your motivations. We usually knock out the buyer agency paperwork at this time. 2. I will send homes to you that meet your criteria. 3. If you decide to travel into town to view homes, we will spend that time looking at properties together. If unable to travel in, I personally will handle showings via facetime or zoom. 4. Once we find the perfect home for you to make an offer on, we proceed with all of the remaining steps outlined in the video! Overall, in terms of work load involved the process is pretty similar whether your feet are on the ground as a buyer or you decide to go through the buying process remotely. Hope that helps! Let me know if there's anything else I can help clarify!

[@SCSC-qz7rr]

@@mortgagewithclare thank you for your reply, it helps a lot.

[@SCSC-qz7rr]

@@NicoleNark thank you Nicole for taking the time to reply to my questions. I just wanted to be clear on the process when purchasing out of state. By the way, I enjoy your videos very much, however,I’m have to admit it gets a little overwhelming for me. Thank you again!

[@NicoleNark]

@@SCSC-qz7rr you are so welcome! I TOTALLY understand the overwhelming feeling. The good thing is, you are doing your homework on the front end. It may not feel like it now, but learning all of this is going to make the process go so much smoother for you and you will be WAY ahead of other home buyers ☺️

[@jenniferanglin7767]

Hi! So I was in the process of getting my condo ready to put up for sale last month. Painting etc... I met with my realtor, she provided me with a sellers net estimate. In the mean time, I had a water leak issue coming in my kitchen from the unit above me. It's now been 3 weeks and still not fixed. The management company sent out a plumber twice now. They found the issue was from the drain stack which is also causing water leaks in the other unit above. I'm waiting to hear when the contractors will be out here to fix this issue. I'm told by the contractors they will need to cut into my wall to tear down my kitchen cabinet's, counter top and my beautiful glass back splash :( So my question is, once this is all fixed and my kitchen is repaired and back in place, do I have to disclose the water leak I had to potential buyers? Thank you so much!

[@NicoleNark]

Hey Jennifer! You should disclose the water leak when you sell. Most buyers will not see the leak from a drain stack as a bad thing since that can happen with any multi-story building. It’s always best to be upfront and honest. Make sure to mention that the leak was repaired and your unit was put back by the property management company.

[@jenniferanglin7767]

@@NicoleNark Ok, thank you so much!!💙

[@beccaboo9960]

My question is how long is the loan amount good for before finding a house? So im renting and rent is up in September and i want to just get quotes and loan amounts so i know what price to look at but how long will that loan amount wait for me to find the write home before it expires?

[@NicoleNark]

Pre-approvals are usually good for 90 days before credit, income etc have to be re-verified!

[@beccaboo9960]

@@NicoleNark thank you so much for the quick response!

[@NicoleNark]

@@beccaboo9960 happy to help! ☺️

[@SwayzeDaGhost]

Would it be better to get a home inspector to look at homes Im choosing before I choose a official home?

[@NicoleNark]

That’s a good idea in theory but may not be practical. Home inspections typically cost $350+ per house depending on your market. You wouldn’t want to spend that money without having the home under contract because you risk someone else coming in and swooping it up before you can.

[@bryant_a2]

Is it cheaper to buy a fixer upper? Or just get pre approved for a loan To buy a abandoned, fix upper ? What the best way to go it’s 2024. I’m thinking dis year I’ll become a first time home buyer

[@NicoleNark]

I think at one point or another everyone contemplates buying a fixer upper! (I blame hgtv and the diy videos😅) In all honestly, fixer uppers are not glamorous. Because of the fixing needed, usually they are difficult to finance meaning you need the cash up front to buy them and fix them. If you have cash and are very handy, they can be a great option, it really just depends on your goals and tolerance! ☺️

[@madisonnelson9535]

My husband was able to get a pre approval with only a soft credit pull!

[@NicoleNark]

He must have been pre-qualified rather than pre-approved. Some lenders will issue a pre-qualification letter without a hard inquiry but those two are not the same.

[@Bzapp725]

I would like too see how to make an offer!

[@NicoleNark]

Video coming soon!

[@thomasaviles9548]

Once you get pre approved how long is that good for?

[@NicoleNark]

Usually 3-4 months!

[@MORTGAGETALKANDMORE]

usually 60-90 days based on lender.

[@crystalr8432]

If the inspection comes back bad like there’s a lot of repairs you don’t wanna deal with then can you back out of the contract ?

[@NicoleNark]

Yes

[@keidy6530]

I am a Realtor for NJ area, if someone needs assistance , I am here to help you! Good information if you are thinking to buy a house for the first time.

[@jkshearer13]

What if you are retired from one job with two income sources would that qualify as constant income for the last two years?

[@NicoleNark]

Most likely. Is the job you still have part time or full time? Also, how long have you had that job?

[@jkshearer13]

I am currently not working. I am retired military. As well as being a Disabled veteran. I am looking for a job though.@@NicoleNark

[@tammymcgee87]

I'm 61 and work a part time job and get widows social security monthly, can I get a loan? My state is Alabama

[@buffchicky8717]

look into USDA loans@@tammymcgee87

[@caroltung2667]

What is the difference of a mortgage broker and a realtor broker

[@NicoleNark]

A mortgage broker brings buyers and lenders together by acting as an intermediary between the two. Working with a mortgage broker can help if you want to shop around without the hassle of contacting multiple lenders on your own. On the flip side, a real estate broker (or realtor broker as you referred to it) is what I am. Real Estate Brokers have brokers licenses which allows them to oversee other real estate agents if they wish. In order to become a real estate broker you have to have first been a realtor for a few years and have reached certain benchmarks in your career. 😊

[@ArletteLolo]

What if you've been in the country for less than 2years but you feel ready to purchase a house? Will that affect the interest rate you get?

[@NicoleNark]

It shouldn’t affect the interest rate!

[@michaelmallal9101]

We're thinking about buying an apartment.

[@NicoleNark]

Fantastic! Most all of these steps still apply ☺️

[@User-hj6vx]

My current lease is up in 4-5 months. At this point I check all the boxes except for the down payment. And honestly I’m not going to be able to save up $25k in 4 months. What options do I have? I’m done wasting my money on rent. 23. Single. 2+ years employment. good credit. Roughly 75k at the moment

[@NicoleNark]

I’d recommend saving what you can but also looking at down payment assistance programs. Depending on how your income compares to the median income in your area, there may be state down payment assistance you qualify for. Another option is the USDA loan! If you are buying in a city with 30,000 or less people, you can use it to buy with no downpayment. I have videos about it on my channel ☺️

[@demonhalo67]

Can you not move back in with you're parents for just a few months,? house share with friends?. Yeah you don't rent, no future, no security, financing other people's lifestyles.

[@TyroneFerrell-uq6cp]

What's the highest price can closing go to???

[@NicoleNark]

are you asking about closing costs?

[@redleo380]

Can I qualify and purchase a home with a usda loan, and *then* move to that state?

[@redleo380]

I live in WA state and the job I have will cover a house in Arkansas or Louisiana. I am in Woodinville, WA and I make just under $60k year. I can barely afford a trailer in a trailer park here.

[@user-yp7wg9kv2h]

Make a video on how to make an offer 😊

[@NicoleNark]

Coming soon! Would you like explanations of different terms that can go in an offer or also info on how to write and present one if you are not working with a real estate agent?

[@bruiselee28]

What happens if after the loan you accepted you werent able to find a good home or deal and wasnt able to use it?

[@NicoleNark]

Most banks will require a re-verification of your income, credit, etc if the loan is not used within 90 days

[@caroltung2667]

Can you do some videos in spanish

[@BelovedbyHim]

Do student loans hinder the home buying process?

[@NicoleNark]

They can if your balance is high! To understand how lenders factor them into your loan approval, check out my Debt To Income (DTI) video. I explain it in detail ☺️

[@millenialmemoirs]

Wife and I want to buy a house but can’t make the numbers make sense. At current interest rates with 10% down, we’ll be under water for like 25 years, assuming the house appreciates normally. That’s an $1800 mortgage, plus taxes, insurance, maintenance etc putting us at $2500 monthly to be underwater on the “investment” for a quarter century. There are so many better options to grow a nest egg in 2024 while renting a 1500 square foot house for $1700 a month.

[@NicoleNark]

Purchasing definitely isn’t the best option for everyone! I hate that so many real estate agents push home ownership as superior to renting because that’s just not the case. I am curious to know how it is that you are figuring you’d be underwater for 25 years. It does take time to build equity, but with 10% down you shouldn’t be underwater. If you don’t mind me asking, what figures are you looking at?

[@millenialmemoirs]

@@NicoleNark just doing a basic amortization schedule calculator at 7.75% interest for a 30 year fixed rate mortgage on a 250k house. Break even takes about 25 years.

[@CarisaRae]

But my question is, in 25 years, do you want to pay rent, (which will definitely increase), OR just pay taxes on your paid off property????

[@millenialmemoirs]

@@CarisaRae as long as I can continue to put money into the financial markets and make 30% CAGR returns on a 4-5 year timeline, I’ll keep renting for at least another few years. Then we’ll buy.

[@dialecticalmonist3405]

Can we get a mortgage if we have cash but no employment?

[@ThomasPaine-wc4we]

Why would you need a mortgage if you are paying with cash?

[@dialecticalmonist3405]

@@ThomasPaine-wc4we Because I might prefer to generate a greater return than 8%.

[@earthcitizen3988]

You need at around $27,000 for a FHA. Period. Im a trucker and been trucking for many years and guess what? Do to me switching my employer it affected me. So there went my dream. Had no $27,000 and new job. Realtor i spoke with in Merced CA. Was useless other than connecting me with his Loan Officer.

[@tammymcgee87]

What about property taxes?

[@NicoleNark]

Property taxes are usually going to be part of your mortgage payment and grouped into escrow! Your lender takes the full tax bill for the year, divides it among your 12 monthly payments and you pay a portion of your property taxes with each payment! That way you aren’t hit with one big tax bill. ☺️ let me know if you have more questions on this and I can clarify more!

[@tammymcgee87]

@@NicoleNark I thought so, thanks for replying back. Your presentations are top notch

[@NicoleNark]

@@tammymcgee87 thank you so much! I appreciate that ☺️

[@caroltung2667]

I have a lender he says based on the savings, income and credit score which is great by the way I'm good for 425 K and giving a 20 percent for down-payment plus closing costs, I would like your opinion and he says that it's not good for me a first time home buyer so I would like for you to help me, do you have anybody in inland empire in California that can help me

[@NicoleNark]

Hi Carol! What is he saying is not good for you?

[@caroltung2667]

Any program for first time buyers

[@NicoleNark]

@@caroltung2667the lender might be correct. There is a LOT of misinformation out there about first time home buyer programs. In most cases, they are not beneficial if you have other wants to cover your down payment and closing costs. More times than not they come with higher rates and hidden fees.

[@markblankenship8289]

I just purchased a home as an investment However now I want to move into it I’m told I can’t make it my permanent residence until after 180 days Do you know why this is ?

[@NicoleNark]

Hmm what loan type did you use for the purchase?

[@markblankenship8289]

It’s a conventional loan but I purchased it as an investment property I spoke with loan officer and he said it’s got something to do with county taxes

[@markblankenship8289]

It’s a conventional loan but I purchased it as an investment property I spoke with loan officer and he said it’s got something to do with county taxes

[@alexsviewscope3873]

When the home inspector is looking at everything do they also look for signs of rodents, or do you have to hire somebody else to do that?

[@NicoleNark]

Usually rodent droppings or any damages caused by rodents will be notated in the inspection report! It’s a good idea to double check and clarify with the inspector when you schedule it! ☺️

[@peacebeteal]

Can you do this for the new USDA loan requirements?

[@NicoleNark]

Absolutely! An updated USDA vid is coming your way this month ☺️