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

Comments · 949

• MZ

  @MzLaylah234 · 3 years ago

  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 🎉

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• LO

  @lovenmusic22 · 3 years ago

  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.

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• LE

  @Leonardo-tj6up · 3 years ago

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

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• HU

  @humblemotions1917 · 3 years ago

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

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• WI

  @WinTheHouseYouLove · 3 years ago (edited)

  I think this is the best FHA video I&apos;ve made! It&apos;s certainly long, but it covers a lot more than I&apos;ve found in other videos. All the slides have clear titles so you can skip around to different sections if you&apos;d like! Have questions about FHA (or other loans)? Email me at kyle@<a href="http://winthehouseyoulove.com/">winthehouseyoulove.com</a><br><br>Or, if you&apos;d like to get the ball rolling on a loan quote and pre-approval, schedule a free loan consultation with my team: <a href="https://www.winthehouseyoulove.com/lender">https://www.winthehouseyoulove.com/lender</a><br><br>Additions from the comments:<br>- If you increase the purchase price to ask for seller credits, the home has to appraisal at the higher value. If it doesn&apos;t, you risk not being able to get the credits.<br>- 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.<br>- You can buy a foreclosure, but it has to meet FHA appraisal guidelines.<br>- 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. (<a href="https://www.hud.gov/sites/dfiles/SFH/documents/sfh_hb_4000_1_update_12_redline_06_29_22.pdf)">https://www.hud.gov/sites/dfiles/SFH/documents/sfh_hb_4000_1_update_12_redline_06_29_22.pdf)</a>. Page 158 has the exceptions to the rule.<br>- 90 day flip rule<br>- Seller may be hesitant of FHA since repairs may be required<br>- $100 down FHA

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• CL

  @CleanLuxuryCosmetics · 2 years ago

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

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• SI

  @Sirius.Reigns · 2 years ago (edited)

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

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• CH

  @charlietroy4751 · 3 years ago

  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.

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• YO

  @YourEverydayBrother · 3 years ago

  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!

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• FI

  @Finictra · 9 months ago

  This is gold. I’ve been exploring more credit score mistakes people don’t know they’re making. Eye-opening stuff.

• MA

  @manaarbroxton844 · 3 years ago

  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!

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• RE

  @Redrealestatebae · 3 years ago

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

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