NEW! FHA up to 100% Financing NO MONEY DOWN Program

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  • Опубликовано: 5 апр 2023
  • Are you interested in using an FHA loan but don't have the down payment? Call us to see if you qualify for up to 100% Financing* ➡️ Schedule a FREE Personalized Mortgage Consultation 📞 with a Kelly Zitlow Group team member today! ☎️ bit.ly/3wERfRV
    Our mission is to provide honest, well-communicated, and knowledge-based lending experiences. Let's chat and see if we can help you achieve the dream of homeownership. ☎️ bit.ly/3wERfRV
    * Note: FHA Down Payment Assistance Program not offered in Massachusetts, New York or Washington.
    🌎 Learn more about us at: www.kellyzitlowgroup.com
    ➡️ ✔️ SUBSCRIBE TO THE MORTGAGE “HOW DO I” RUclips CHANNEL: bit.ly/SubscribeToMortgageHowDoI
    MORE VIDEOS
    📺 Videos for Home Buyers: bit.ly/2OnxUCa
    📺 Videos For Real Estate Agents: bit.ly/3wiJZcO
    KELLY ZITLOW, NMLS 164330
    Sr. Mortgage Advisor
    EVP, Sales & Marketing
    KellyZitlowGroup@houseloan.com
    www.kellyzitlowgroup.com
    480.725.0150
    Kelly Zitlow is a Public Speaker, Sr. Mortgage Advisor & EVP of Sales & Marketing with Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. All information presented is for educational purposes only and is used to help you as the viewer in your home buying or selling process.
    Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Cornerstone Capital Bank, SSB. Member FDIC. NMLS ID# 2258 | Equal Housing Lender 14635 | N Kierland Blvd Ste 140, Scottsdale, AZ 85254
    #fhamortgage #buyingahouse #mortgage

Комментарии • 214

  • @Riggsnic_co
    @Riggsnic_co 3 месяца назад +78

    I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

    • @JacquelinePerrira
      @JacquelinePerrira 3 месяца назад +3

      That is so amazing, I’m trying to get onto the investing ladder at 40. I wish at 55 I will be testifying to similar success..

    • @martingiavarini
      @martingiavarini 3 месяца назад +2

      Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

    • @Ashley186fre2
      @Ashley186fre2 3 месяца назад +2

      Impressive can you share more info?

    • @martingiavarini
      @martingiavarini 3 месяца назад +2

      Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @Ashley186fre2
      @Ashley186fre2 3 месяца назад +1

      She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

  • @jackprsline6
    @jackprsline6 Год назад +23

    the way you explain is brilliant and clear.
    Thanks.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      That's so kind of you Jack! Thank you and thanks for watching!

    • @MikeMorna
      @MikeMorna 7 месяцев назад

      Absolutely life-changing service! I never knew a service could have such a profound impact 911 Get Today . Highly recommended!

  • @lauriemendoza8636
    @lauriemendoza8636 Год назад +6

    Great information Kelly

  • @annapetrosian4786
    @annapetrosian4786 Год назад +2

    Love your channel can you do another video stating how. To plus which states have this program

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      We'd love to talk you through the 'how' on the phone please schedule a call with us here: ☎️bit.ly/3wERfRV It's available in 48 states but NOT New York, or Washington. Please call us if we can help.😀

  • @KingB_ALord
    @KingB_ALord 10 месяцев назад

    nice

  • @darronlane276
    @darronlane276 7 месяцев назад +1

    Thanks for this information. Glad to know we still haven’t learned our lesson from 2008!

    • @MortgageHowDoI
      @MortgageHowDoI  7 месяцев назад

      Thanks for watching and commenting!

    • @Happy3DModel-hz6uy
      @Happy3DModel-hz6uy 6 месяцев назад

      people need roofs over them still

    • @CrashBr0
      @CrashBr0 9 дней назад

      LoL... It's a bubble 📈🚀🪂

  • @clarahchipuru9052
    @clarahchipuru9052 2 месяца назад

    Thank you
    I am abroad

    • @MortgageHowDoI
      @MortgageHowDoI  2 месяца назад

      Wishing you luck on your home journey!

  • @dmlr4522
    @dmlr4522 Год назад +25

    That’s ridiculous to have a 2nd mortgage. This happened quite a few yrs ago and just about everyone who had the “ 2nd mortgage “ lost their home.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Thanks for watching and taking the time to leave a comment!

    • @shelliej3503
      @shelliej3503 Год назад

      @DML R I'm with you. 2 mortgages just saying (typing) that is ridiculous.

    • @kawalaco
      @kawalaco Год назад +3

      2008 again

    • @abyxis
      @abyxis 11 месяцев назад +20

      When the 2nd mortgage is 80$ a month it’s pretty unlikely to be the reason you lose your home.

    • @therealdeal26
      @therealdeal26 11 месяцев назад +3

      ** Exactly 💯💪💯**

  • @kevinkidneyy
    @kevinkidneyy 7 месяцев назад

    not bad

  • @KingB_ALord
    @KingB_ALord 10 месяцев назад

    love it nice red shirt btw u definitely know what ur doing

    • @MortgageHowDoI
      @MortgageHowDoI  10 месяцев назад

      Thank you for watching and commenting!

  • @edievh01
    @edievh01 Год назад +2

    Thank you for the information. Is this program available in Riverside County, California?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Hi Edie! Please call or text our office at 480-725-0150 for more detailed info on counties. Thanks!

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Also, you can schedule a time here: bit.ly/3wERfRV to meet with us. The program is offered in California, so be sure to connect with us and see if we can assist with your home financing goals. 😀

    • @ojuolapeayoade3184
      @ojuolapeayoade3184 8 месяцев назад

      @@MortgageHowDoIhello is this program available in Georgia. Am ready to buy a home

    • @MortgageHowDoI
      @MortgageHowDoI  8 месяцев назад

      @@ojuolapeayoade3184 great to hear! This program is available in Georgia. We would love to help you get the process started! Schedule a consultation with us here: bit.ly/3wERfRV or call or text 480.725.0150

  • @worldchanges10
    @worldchanges10 Год назад +7

    No money down equal fat monthly payments the result is either working two jobs or a probable loosing the house

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      Thanks for watching & taking the time to leave a comment. 😀

    • @NUCLEARARMAMENT
      @NUCLEARARMAMENT 11 месяцев назад

      I can tell that you are not very smart, if you paid any attention to the vid she said you could get up to a duplex (2-unit multifamily). Guess what?
      Up to 75% of the 2nd tenant's lease payment can be added atop your own, and if you can qualify with a 50% DTI (which this program supports), your income of $3k (median income in USA for 1 individual, or about $18 an hour for FT work annually), $1,500 maximum payment on your $3k for PITI (Principal, Insurance/PMI, Taxes, Insurance), plus $1,000 from the tenant puts you at $2,500 maximum mortgage payment. It basically bumps your effective income to $5k.
      This would allow you to afford up to a $400k property, which even when factoring in being a duplex, is not too far off the cost of building a brand new single family residence!

    • @worldchanges10
      @worldchanges10 11 месяцев назад

      I’m not into investment other than having a house, which I can feel at ease without any worry, period @@NUCLEARARMAMENT

    • @abyxis
      @abyxis 11 месяцев назад +2

      Not true. Most down payments and up hurting the average person. Pay more a month or shell out majority of your security net. Not to mention on an FHA loan 3.5 down isn’t taking your payment down much at all. Not compared to how much 10 grand out of pocket would kill most aversge people

  • @clarahchipuru9052
    @clarahchipuru9052 2 месяца назад

    Thank you so much. Is this international

    • @MortgageHowDoI
      @MortgageHowDoI  2 месяца назад

      It is not available internationally but it's available in 48 states but NOT New York, or Washington.

  • @JKlessig
    @JKlessig Месяц назад +1

    Very helpful information and explanation. How does this second mortgage impact housing prices? First time homebuyers are struggling to purchase their first home with house prices reaching new highs. Will this impact home prices and push affordability out of reach even more?

    • @MortgageHowDoI
      @MortgageHowDoI  22 дня назад

      Thanks for watching and leaving a comment. The main driver of home prices is supply and demand. The second mortgage itself doesn’t impact housing prices. That said, the risk of any type of 100% financing is if property values drop lower than the amount owed on the home loan(s) and the owner needs to sell the home at that point in time.

  • @annapetrosian4786
    @annapetrosian4786 Год назад +2

    Which loans do u use please do a video

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      We have a variety of loans but the key is finding the best one for you! Please feel free to schedule a call with us here ☎️bit.ly/3wERfRV and we can talk through your financial goals. We also have videos on FHA & Conventional loans on our channel home page www.mortgagehowdoi.com

  • @Melattnasmr
    @Melattnasmr Год назад +2

    What about the interest rates 🤔right now...?! The down-payment is not the issue....the rate are

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      Thank you for your comment! There’s no doubt interest rates impact affordability. This program works best for buyers who are comfortable with the payment but don’t have down payment resources.

  • @vnsa2291
    @vnsa2291 11 месяцев назад +1

    Thank you for this informational clip! I’m curious, can you use a credit card for a down payment?

    • @MortgageHowDoI
      @MortgageHowDoI  11 месяцев назад +1

      Thank you for your comment. Use of a credit card for down payment and or closing costs (except appraisal and home inspection) is generally not acceptable per most home lending guidelines.

  • @looplu
    @looplu Год назад +9

    No money down means LARGER mortgage payment and HIGHER interest rate...giving no money down to persons with lower credit is also a bad idea.... don't take the bait.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      Thanks for watching & taking the time to leave a comment. 😀

  • @moreanimals6889
    @moreanimals6889 10 месяцев назад +2

    Does this mean if you are stuck in a minimum wage job and struggling to save, you can be a homeowner? I assumed income limit was for people who are really, really poor. Like, sorry, unless you win the lottery, this won’t ever happen for you.

    • @MortgageHowDoI
      @MortgageHowDoI  10 месяцев назад

      This is one of many home loan options geared to helping low to moderate income buyers obtain home ownership. The income limit for this program varies by area and is based on the Area Median Index. While this program can assist with the down payment, home loan programs have guidelines in place to ensure buyers have the ability to repay the loan. Click here for my video on how home loan lenders calculate debt to income ratios ruclips.net/video/OZBJsLLUSOg/видео.htmlsi=1CcY_TSiDx4w0Jm2

  • @Flumazenil
    @Flumazenil Год назад +3

    When you foreclose, FHA owns your home

  • @jaypowell5064
    @jaypowell5064 Год назад

    You can tell this is a program outside of NYC, Chicago, and Los Angeles.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      It's available in 48 states but NOT New York, or Washington

  • @MeditationforBalance101
    @MeditationforBalance101 Год назад +1

    what if i own two homes im selling, but haven yet and looking at a farm to buy, how does that work

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      You can utilize traditional, FHA financing, to purchase a farm so long as the highest and best use of the property is for the home you will occupy (residential) and not for an income producing property. If you'd like to discuss further and get all the details, we would love to chat! Please schedule a time at your convenience here: bit.ly/3wERfRV and we look forward to speaking with you!

  • @sandorvarga.6982
    @sandorvarga.6982 8 месяцев назад

    SUCCESS.

  • @norwoodhammond650
    @norwoodhammond650 Год назад +5

    Kelly, can this option be used to buy a 2,3,4 unit like the traditional FHA?

    • @itsraheem
      @itsraheem Год назад +2

      the million dollar question.

    • @norwoodhammond650
      @norwoodhammond650 Год назад

      @@itsraheem 🤣🤣

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +2

      Great question Norwood! This program limits financing at 2 units. If you'd like to talk with us further please schedule a 15-minute chat with us here: bit.ly/3wERfRV Thanks!

    • @norwoodhammond650
      @norwoodhammond650 Год назад +1

      @@MortgageHowDoI will do

  • @2508fredy
    @2508fredy Год назад

    "I am confused. How do I contact the FHA? Should I reach out to a nearby agency or directly contact the bank? Please help me."

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      We offer FHA home loans and would be happy to assist! Please schedule a call with us here: ☎️bit.ly/3wERfRV and we will help you with all of your questions and guide you through the process!

  • @javiertorres7460
    @javiertorres7460 Год назад +1

    Is this available in Florida for mobile homes?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Yes 😀Please schedule a call with us if you'd like to see if you qualify -- Click here ☎️bit.ly/3wERfRV

  • @user-cx4yq8wu7x
    @user-cx4yq8wu7x 11 месяцев назад

    Can you use this program for 3 and 4 unit houses as an owner occupied?

    • @MortgageHowDoI
      @MortgageHowDoI  11 месяцев назад

      Great question. This program is limited to a maximum of 2 units and requires the borrower occupy one of the units as their primary residence. We also have an FAQ video about this program. Check it out here: ruclips.net/video/gTypw3OKbxo/видео.htmlsi=5p9LJK9N40Z2Wf1V and if have any questions or want to chat, feel free to schedule a consultation here: bit.ly/3wERfRV

  • @humptydumpty1776
    @humptydumpty1776 Год назад

    Did she mention if this can be use for single family investment property?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      Its for primary residences 😀 but you could do a duplex if you lived in one unit.

  • @ericfalloutguy8467
    @ericfalloutguy8467 10 месяцев назад

    Self employed. Do you do a no doc or bank statement loan?

    • @MortgageHowDoI
      @MortgageHowDoI  10 месяцев назад +1

      We have a variety of home loan options available, one of which is a bank statement loan. However, the FHA program referenced in the video follows FHA lending guidelines which do not include a bank statement income documentation approach. If you'd like to go over all of your options, you can schedule a call with us anytime here: ☎️bit.ly/3wERfRV. We look forward to hearing from you!

  • @therealdeal26
    @therealdeal26 11 месяцев назад

    Heckyeaa thank you!!!

    • @MortgageHowDoI
      @MortgageHowDoI  11 месяцев назад

      Thank you for watching and leaving a comment!

  • @bg5097
    @bg5097 Год назад +1

    Is there a DTI or not ? If not, you mentioned a 50% maximum DTI.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      Yes, this program has a 50% maximum debt to income ratio (DTI)

  • @diose0078
    @diose0078 Год назад +1

    What about if you have excellent credit, but you are on social security and you are 64 years old???????? I have the down payment + closing. Thank you for your response in advance. I would like to buy a multifamily house.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      We'd love to see if we can help. Please schedule a 15-minute call with us here: bit.ly/3wERfRV at a time that is convenient for you. We look forward to talking with you!

  • @shrimuyopa8117
    @shrimuyopa8117 Год назад +3

    If you don't have a down payment, you can't afford the mortgage.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Thanks for watching & taking the time to leave a comment. 😀

  • @khadijahussain1938
    @khadijahussain1938 6 месяцев назад

    Thanks for the information. So I am 66 years old and have no job moved a few years back to US and wondering how I can buy a house? I do have the down payment and my credit score ok 745 i can pay my bills the question is how I can obtain a mortgage in my condition? Any points that help me without problems I would I appreciate your insights.

    • @MortgageHowDoI
      @MortgageHowDoI  6 месяцев назад

      We would love to help you in more detail. You can schedule a free 15 minute consultation with us here: bit.ly/3wERfRV or you can call or text us at 480.725.0150. We would love to help and we look forward to hearing from you!

  • @karlguntherfragstein4225
    @karlguntherfragstein4225 6 дней назад

    MY EXPERIENCE IS THAT HUD DOES NOT ENFORCE THE FEDERAL MANUFACTURED HOME CONSTRUCTION AND SAFETY STANDARDS. WILL YOU FINANCE A NONCOMPLIANCE MANUFACTURED HOME?

    • @MortgageHowDoI
      @MortgageHowDoI  День назад

      HI Karl! Regarding HUD enforcing the Manufactured Home Construction & Safety..check out page 35 in the following link: www.hud.gov/sites/dfiles/Main/documents/HUDPrograms2024.pdf Unfortunately, we do not lend on non-complainant manufactured homes but thanks for watching and leaving a comment.🙂

  • @Nurseakeem
    @Nurseakeem Год назад +1

    FHA is cool but the PMI make the mortgage so dam expensive

  • @motoblaine681
    @motoblaine681 5 месяцев назад

    Hello! Is this Program Available in Indiana?

    • @MortgageHowDoI
      @MortgageHowDoI  5 месяцев назад

      It sure is! We would love to tell you more about this program to see if it's right for you. You can schedule a consultation to chat further with us about your home goals here: bit.ly/3wERfRV

  • @GodskidUr1
    @GodskidUr1 3 месяца назад

    Do you have it for tve virginia area?

    • @MortgageHowDoI
      @MortgageHowDoI  3 месяца назад

      Yes this program is available in Virginia! To learn more, schedule a call with us here: bit.ly/3wERfRV or call/text us at 480.725.0150

  • @Zulu345
    @Zulu345 Год назад +2

    Is there a program for California?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Yes! Please schedule a call with us to review program details and see if it will work for you. Click the link to find a time that works for you. ☎bit.ly/3wERfRV

  • @robinjewell9961
    @robinjewell9961 10 месяцев назад +1

    where does the DPA come from

    • @MortgageHowDoI
      @MortgageHowDoI  10 месяцев назад

      This is a home loan program sponsored by the National Homebuyers Fund and currently made available to many lenders across the country through Essex Mortgage’s correspondent lending division.

  • @warrenross56
    @warrenross56 4 месяца назад

    Im trying to buy a house i wont have enough money for the deposit i need a whole month to get all of it seems like they cant wait what can i do to get money for the deposit

    • @MortgageHowDoI
      @MortgageHowDoI  4 месяца назад

      If you would like to strategize down payment options feel free to schedule a call with us here: bit.ly/3wERfRV or call/text us 480.725.0150 and we'll be happy to help!

  • @jaredcep
    @jaredcep Год назад +1

    Does this apply to first time new construction loans?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      Yes! This applies to new construction homes. If you would like a consultation to learn more please schedule with us here: ☎bit.ly/3wERfRV

    • @jaredcep
      @jaredcep Год назад

      @@MortgageHowDoI thanks

  • @josephkostecki7685
    @josephkostecki7685 Год назад +1

    If I live in Houston Texas, can I still get pre-Qualified with your link?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Hi Joseph! Good news, we lend in Texas. We'd love to assist. If you would like to speak with us before you apply click here to schedule a quick consultation bit.ly/3wERfRV or if you are ready to apply click here: bit.ly/3zNypcT Thank you!

    • @Pyotr_Troyan
      @Pyotr_Troyan Год назад +1

      @@MortgageHowDoI what about Minnesota?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      @@Pyotr_Troyan Yes the program is available in Minnesota. If you would like to schedule a consultation with us, please click here: bit.ly/3wERfRV We look forward to talking with you.

    • @hyperdrive5065
      @hyperdrive5065 Год назад

      Hey Brother, I am a realtor! Reach out to me if you need assistance. I have a better program for you.

  • @ohanachemdry808
    @ohanachemdry808 Год назад +1

    This isbthe very loan that caused the 2007-2009 real estate crash full of foreclosures

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      It's not. 😀 Check-out this video for my thoughts: ruclips.net/video/xEsLNQHtqBg/видео.html

  • @shirleystevens5466
    @shirleystevens5466 8 месяцев назад +1

    How about the closing costs?

    • @MortgageHowDoI
      @MortgageHowDoI  8 месяцев назад

      Closing costs need to be paid by a buyers own funds, a gift and/or a negotiated seller credit.

  • @sanjayvyas1703
    @sanjayvyas1703 11 месяцев назад

    Does FHA loan issued a personal cheque on my name or builders name ?

    • @MortgageHowDoI
      @MortgageHowDoI  11 месяцев назад

      FHA requires lenders conduct a CAIVRS check to confirm there are no outstanding government claims. CAIVRS is a Federal government database of delinquent Federal debtors that allows federal agencies to reduce the risk to federal loan and loan guarantee programs. In addition to checking CAIVRS, lenders are required to thoroughly screen both the borrower and the builder to ensure compliance with HUD regulations. The U.S. Department of Housing and Urban Development (HUD) oversees the Federal Housing Administration (FHA).

  • @donmccartyjr4020
    @donmccartyjr4020 Год назад +1

    what if you are on a fixed disability income?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      It could be used be used for qualifying income -- If we can help schedule a call with us here: ☎️bit.ly/3wERfRV

  • @CrashBr0
    @CrashBr0 9 дней назад +1

    Hahahaha!!!! 😂 ...It's a bubble...

    • @MortgageHowDoI
      @MortgageHowDoI  7 дней назад

      Thank you for watching & leaving a comment.😊

  • @user-pz4cw5pd8y
    @user-pz4cw5pd8y Год назад +1

    Down Payment Assistance for Florida? Good Neighbor Programs?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      We offer several Down Payment Assistance programs in FL. HUD’s Good Neighbor program is a bit different than this program. We'd be happy to discuss this further with you, please schedule a call with us here: ☎️bit.ly/3wERfRV and we will help you with all of your questions and guide you through the process!

  • @shawnstallings2459
    @shawnstallings2459 Год назад +2

    What’s the contact number to have a consultation?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Hi Shawn! We look forward to talking with you. Please click the link here to schedule your personalized consultation. ☎bit.ly/3wERfRV Thanks!

  • @Santokev777
    @Santokev777 Год назад +3

    Is there a income limit or purchase price limit?

    • @HackYourCreditCards
      @HackYourCreditCards Год назад +1

      I have looked online and cannot find information about this program. She did say there is an "income" limit. If anyone finds it please post a link. Thanks.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +1

      Yes, there is an income limit and it varies based on counties. Best thing to do, is to schedule a quick call with us and we can look it up for you. CLICK HERE to schedule: ☎️bit.ly/3wERfRV

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      The income limits vary based on counties. Please schedule a quick call with us and we'd be happy to look it up for you. ☎️bit.ly/3wERfRV

  • @ivantovar5017
    @ivantovar5017 2 месяца назад

    2nd mortgage is just 2 screw you double

    • @MortgageHowDoI
      @MortgageHowDoI  2 месяца назад

      This loan isn't for everyone but if someone is stuck on that down payment portion, this could be a fit! Thank you for watching and leaving feedback!

  • @rajthekingdr
    @rajthekingdr 9 месяцев назад

    It’s for all or only low income families

    • @MortgageHowDoI
      @MortgageHowDoI  9 месяцев назад +1

      It’s for all families! We actually have 3 down payment assistance programs and only 1 has a household income limit, the other two do not! For more information on this program or to see what the best solution is for your unique situation, you can schedule a call with us here: bit.ly/3wERfRV or feel free to call/text our Homeloan Hotline at 480.725.0150.

  • @trofemtrofem5283
    @trofemtrofem5283 Год назад +1

    How this works?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      We'd love to talk you through the 'how' on the phone please schedule a call with us here: ☎️bit.ly/3wERfRV

  • @kathiejohns1418
    @kathiejohns1418 11 месяцев назад +1

    How low of income is accepted?

    • @MortgageHowDoI
      @MortgageHowDoI  11 месяцев назад

      There isn’t a minimum income threshold; however, there are maximum debt to income ratios on home loan programs.

  • @user-wz9pu7ty9z
    @user-wz9pu7ty9z 8 месяцев назад

    Can full time students do this?

    • @MortgageHowDoI
      @MortgageHowDoI  8 месяцев назад

      Yes, there is nothing prohibiting students from being eligible to purchase a home utilizing down payment assistance. Depending on your income situation, considering you are full time student, a co-signor could be helpful, but everyone’s situations are different!. We are happy to discuss your options with you! You can schedule a consultation to speak with us here: bit.ly/3wERfRV

  • @yolandacanelamk8434
    @yolandacanelamk8434 Год назад +2

    Does that mean you have two payments?

  • @kevinlewis9151
    @kevinlewis9151 2 месяца назад

    I own my house with my ex and Im trying to do a cash out refinance to buy her out.

    • @MortgageHowDoI
      @MortgageHowDoI  2 месяца назад

      If you need any help at all please don't hesitate to reach out to us to chat about your strategy, to run numbers, etc. You can schedule a consultation with us here: bit.ly/3wERfRV

  • @BronzeGirl
    @BronzeGirl 6 месяцев назад

    I can’t find a good monthly payment
    49k a year

    • @MortgageHowDoI
      @MortgageHowDoI  6 месяцев назад

      We would love the opportunity to explore your options with you and see if there's a payment that fits with your budget. Feel free to schedule a 15 minute consultation with us here: bit.ly/3wERfRV

  • @alexcameron2880
    @alexcameron2880 11 месяцев назад +1

    Terrible idea...now people are going to have a much, much larger monthly payment.

    • @MortgageHowDoI
      @MortgageHowDoI  11 месяцев назад

      The beautiful thing is there are so many different loan programs out there based on what each individual is looking for that is best for them. This loan isn't for everyone but if someone is stuck on that down payment portion, this could be a fit! Thank you for watching and leaving feedback!

  • @kevinkidneyy
    @kevinkidneyy 7 месяцев назад

    i like it . keep my money in my pocket

    • @MortgageHowDoI
      @MortgageHowDoI  7 месяцев назад

      Thanks for watching and commenting!

  • @thorasguardselectrician2013
    @thorasguardselectrician2013 Год назад +1

    The payment is gonna be so huge 🤦 ffs

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Well...to find out for sure you can always schedule a call with us ☎️bit.ly/3wERfRV

  • @tammymiddleton8449
    @tammymiddleton8449 4 месяца назад

    Hi Kelly. If the buyer goes with this option does that mean there is no PMI? If so thats a VERY SWEET DEAL 😮😮😮. Please advise if PMI is not required if the buyer goes thru this process?

  • @paulacoash7782
    @paulacoash7782 4 месяца назад

    Who the HELL wants a second mortgage?? 😂😂😂😂😂😂😂😂

    • @MortgageHowDoI
      @MortgageHowDoI  4 месяца назад

      This loan isn't for everyone but if someone is stuck on that down payment portion, this could be a fit! Thank you for watching and leaving feedback!

  • @Bk2x2023
    @Bk2x2023 10 месяцев назад

    This can’t be true what credit score do u need

    • @MortgageHowDoI
      @MortgageHowDoI  10 месяцев назад +1

      To be eligible for this program, a minimum credit score of 600 with an automated underwriting approval. This program offers a 96.5% 1st mortgage loan and a repayable 2nd loan for the remaining 3.5% down payment.

  • @wonderwoman255
    @wonderwoman255 Год назад +1

    What is the closing cost of a $300k mortgage?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Hi! Closing costs will vary. Please feel free to schedule a quick 15-minute call with us and we can go into more detail. Click here to find a time that works for you 😀 bit.ly/3wERfRV

    • @Give_Your_Life_2_Jesus
      @Give_Your_Life_2_Jesus 11 месяцев назад +1

      Usually 3-5% so 9K-15K.

    • @NUCLEARARMAMENT
      @NUCLEARARMAMENT 11 месяцев назад

      ​@@Give_Your_Life_2_Jesusif you're paying more than 1.5% closing costs you got scammed. the downpayment requirement is only 3.5%, why would closing costs be as high if not higher? Did the lender put overlays on FHA and make it so your DTI has to be 28%/36% too instead of the program's default 46.9%/56.9% for front- and back-end? Obvious scam is obvious.

    • @phoenixmistertwo8815
      @phoenixmistertwo8815 6 месяцев назад

      For me it was 27k, cash to close, specifically for a 300k home in lending and a 6 percent deposit on 30yr conventional. Then, you need to consider saving an additional 3percent for your buyer agent as some states dont obligate the seller agent to pay that, so you could be on the hook for around 8k for a 300k home for just your agent and broker. Whats the bottom line.. Its way too expensive and the estimated monthly payment for the loan I describe above is over 2200 per month. I made it 6 percent down payment because doing FHA or any lower downpayment will make that monthly payment even worse.

  • @Flumazenil
    @Flumazenil Год назад

    Another bubble forming

  • @brenda8341
    @brenda8341 9 месяцев назад

    No no no no no no no no no no no no no on the second

    • @MortgageHowDoI
      @MortgageHowDoI  9 месяцев назад

      hahah thank you for watching and leaving a comment!

  • @junerobles3093
    @junerobles3093 Год назад

    sorry but I need to see numbers of the break down lol

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Thanks for watching June. Feel free to schedule a quick chat with us and we'd be happy to break down the numbers for you. Click here to schedule ☎️bit.ly/3wERfRV

    • @armandotamayo2575
      @armandotamayo2575 Год назад

      We

  • @sarahconnor8189
    @sarahconnor8189 Год назад +2

    Toooo many issues with fha..

    • @_Thoughtful_Aquarius_
      @_Thoughtful_Aquarius_ Год назад

      What ways can I purchase a house with the least amount of issues?

    • @sarahconnor8189
      @sarahconnor8189 Год назад

      @@_Thoughtful_Aquarius_ usda loans offer no down pmnt...fha also offers a 203 b specifically for repairs.

    • @_Thoughtful_Aquarius_
      @_Thoughtful_Aquarius_ Год назад

      @@sarahconnor8189 USDA loans are only for property that's rural and used for agriculture. Or am I wrong about that? I've started looking into all this, and it's all so confused.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      @@_Thoughtful_Aquarius_ We'd love the opportunity to talk with you and share info on each program, so you can decide which one is best for you. Please schedule a consultation with us HERE: ☎ bit.ly/3wERfRV

  • @princehayes5383
    @princehayes5383 5 месяцев назад +2

    That's a lie

    • @MortgageHowDoI
      @MortgageHowDoI  4 месяца назад

      It does sound too good to be true, doesn’t it?! However, it’s an actual home loan program sponsored by the National Homebuyers Fund and currently made available to many lenders across the country through Essex Mortgage’s correspondent lending division. The program is available in states throughout the US but not offered in Massachusetts, New York or Washington. There are pros and cons to any home loan program for sure! For anyone interested in buying a home, I recommend starting the journey by talking with a lender who can help you evaluate your financing options.

  • @metroglobaledictenforcemen6522
    @metroglobaledictenforcemen6522 Год назад +3

    This is fake. Try finding this “program” anywhere else beyond this video. It doesn’t exist.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +5

      It does sound too good to be true, doesn’t it?! However, it’s an actual home loan program sponsored by the National Homebuyers Fund and currently made available to many lenders across the country through Essex Mortgage’s correspondent lending division. The program is available in states throught the US but not offered in Massachusetts, New York or Washington. There are pros and cons to any home loan program for sure! For anyone interested in buying a home, I recommend starting the journey by talking with a lender who can help you evaluate your financing options.

    • @metroglobaledictenforcemen6522
      @metroglobaledictenforcemen6522 Год назад

      @@MortgageHowDoI classic bait & switch marketing. Nobody will actually qualify for the terms you've specified in this video. But you don't care. You just want to generate leads so you can try to convert them into a different loan.

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад +2

      @@metroglobaledictenforcemen6522 No, it's not bait & switch and it's a real loan program. Of course, it's not for everyone, just like any loan program, but it will help a few people who need it to accomplish their goals. This channel is to inform the public about the mortgage process, answer questions, and update people with changes to mortgage lending. That includes new programs coming out and when programs are discontinued.

    • @kendellglinton757
      @kendellglinton757 Год назад +1

      Does this program with in Florida?

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      @@kendellglinton757 Yes! This program is available in Florida! We'd love to talk and see if we can help. Please schedule a call with us here ➡ bit.ly/3wERfRV Looking forward to talking with you.

  • @timothymcclung2256
    @timothymcclung2256 Год назад

    'The difference between the Real Estate Market in 2023 and 2006 is that the garbage loans are no longer legal'

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Thanks for watching and leaving a comment Timothy!

  • @Frenchieeeee
    @Frenchieeeee Год назад

    what a terrible plan.. markets about to get rekt for sure lol.

  • @victoriatilghman628
    @victoriatilghman628 11 месяцев назад

    😊❤😊

  • @Hillbillyhomeowners
    @Hillbillyhomeowners 8 месяцев назад +1

    wtf is this ? Are u serious

    • @MortgageHowDoI
      @MortgageHowDoI  8 месяцев назад

      It does sound too good to be true, doesn’t it?! However, it’s an actual home loan program sponsored by the National Homebuyers Fund and currently made available to many lenders across the country through Essex Mortgage’s correspondent lending division. The program is available across the US except for New York and Washington. There are pros and cons to any home loan program for sure! For anyone interested in buying a home, I recommend starting the journey by talking with a lender who can help you evaluate your financing options.

  • @sssyria
    @sssyria Год назад +3

    do not buy a home if you have no down payment
    If you can’t save for down payment you can NOT maintain it either
    Owning a home will come with risk of expensive repairs & being upside on the loan specifically in this market

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      Thanks for watching and commenting!

    • @rosalindabustamante
      @rosalindabustamante Год назад +1

    • @Da1Apprentice
      @Da1Apprentice 2 месяца назад +1

      I don't think everyone would agree with that statement.
      I know some people who are paying $3K+ in rent for years but can't save the DP for a home of which the monthly mortgage would be less than $2K.
      P.S $2.5K is the average rent in their area.

  • @stingfragile5717
    @stingfragile5717 Год назад

    Sounds fishy and a trap

    • @MortgageHowDoI
      @MortgageHowDoI  Год назад

      It does sound too good to be true, doesn’t it?! However, it’s an actual home loan program sponsored by the National Homebuyers Fund and currently made available to many lenders across the country through Essex Mortgage’s correspondent lending division. The program is available in states throught the US but not offered in New York or Washington. There are pros and cons to any home loan program for sure! For anyone interested in buying a home, I recommend starting the journey by talking with a lender who can help you evaluate your financing options. If we can help, please feel free to schedule a call us ☎️bit.ly/3wERfRV

  • @saulcorvera1405
    @saulcorvera1405 3 месяца назад

    I see a lot of Negative folks over here, selfish people, it’s incredible how their hearts are filled with negativity

    • @MortgageHowDoI
      @MortgageHowDoI  3 месяца назад

      Thank you for watching and commenting!

  • @lechiathompson2558
    @lechiathompson2558 11 месяцев назад +1

    And after listening to the rest of it you are so delusional this is not how the real world works I'm sorry that you think you have to lie to people like this but here in the world real world it doesn't work like that......AT. ALL....

    • @MortgageHowDoI
      @MortgageHowDoI  11 месяцев назад

      It does sound too good to be true, doesn’t it?! However, it’s an actual home loan program sponsored by the National Homebuyers Fund and currently made available to many lenders across the country through Essex Mortgage’s correspondent lending division. The program is available across the US except for New York and Washington. There are pros and cons to any home loan program for sure! For anyone interested in buying a home, I recommend starting the journey by talking with a lender who can help you evaluate your financing options.

  • @phoenixmistertwo8815
    @phoenixmistertwo8815 6 месяцев назад

    This is a terrible idea and program

    • @MortgageHowDoI
      @MortgageHowDoI  5 месяцев назад +1

      The beautiful thing is there are so many different loan programs out there based on what each individual is looking for that is best for them. This loan isn't for everyone but if someone is stuck on that down payment portion, this could be a fit! Thank you for watching and leaving feedback!

    • @phoenixmistertwo8815
      @phoenixmistertwo8815 5 месяцев назад

      @@MortgageHowDoI , yeah, someone at my work told me its a good deal for a person who may want multiple homes.
      Tell me please...what are your thoughts about borrowing half my future retirement funds to get to this poker table to close..that is, if theres a home out there for me, with a price thats more things were before this country got hijacked by neo liberal progressives?
      I first. A couple years ago, got approved for 180k, by a lender, and I realized that no good homes were anywhere near that value. So a couple years go by, and I learned about trying get a higher deposit to avoid high cost in monthly payments. At 6 percent down payment, 18k, for a home valued at 300k, would calculate at 27k, cash to close, and it will still carry a monthly payout of over 2200 dollars.
      This is for a 30 yr conventional loan, as I dont think going FHA at 1 to 3 percent, or any other scandalous 3rd party finance company willing to loan out closing costs so a buyer can get on that house and suffer for the next 30 yrs.
      This poker table has such a high ante, requiring agent and broker representation to sit there and play, that I wonder how the housing market crashed at all...I say that because even though I am approved for 282k by the lender, with my 6 percent down payment, I have to put alot of blood on the table, while being investigated by the underwriter, that such an oversight to these unqualified buyers, just seems more about a part of a grand plan, than some compassionate one that uses racism in the practice, to justify decorating pieces of shit, with loans that are backed by good paying buyers or investors.

  • @lavetteedmond6750
    @lavetteedmond6750 2 месяца назад

    Where are you located…. I’m trying to buy asap

    • @MortgageHowDoI
      @MortgageHowDoI  2 месяца назад

      We service 45 states plus Washington DC. We would love to help! You can call or text us at 480.725.0150 or schedule a call with us here: bit.ly/3wERfRV

  • @edwinreyes6593
    @edwinreyes6593 10 месяцев назад

    Ok what number can I call for that program or website

    • @MortgageHowDoI
      @MortgageHowDoI  10 месяцев назад

      We look forward to speaking with you about this! You can schedule a call here: bit.ly/3wERfRV or call or text 480.725.0150

    • @edwinreyes6593
      @edwinreyes6593 10 месяцев назад

      Will do thanks