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(Learn Exactly) How to Buy a Home with $1,000

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For years people have felt like they can't get ahead much less save money to actually own a home. Stop saving your money. Instead, pay down your credit cards if you have credit card debt and get your credit score up to 620.
After being on the job for two years and showing proof that you have the income to pay a mortgage payment plus you have a minimum of a 620 credit score you can buy a house.
A mortgage company will look at your income and your debt to determine your debt-to-income ratio. If they meet the guidelines you buy. If not they will show you exactly what to do and the timeline in which you could accomplish it.
Many foreclosures can be purchased for just $1,000 out of pocket.
Select your city to see the list of every foreclosure in your your area.
www.foreclosur...
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Bad Advice When Buying Real Estate: • (BAD ADVISE) Buying Re...
People Buying Homes With This Money: • 100% Financing for Hom...
Stop Renting (Here's How): • STOP Renting!! Here's ...
$1,000 Can Buy a House (Here’s How): • $1,000 Can Buy a House...
$1,000 Buys a Home (USDA Home Loan EXPLAINED): • $1,000 Buys a Home (US...
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DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with a financial advisor or lawyer. I may earn commission from purchases made through links in this post.

Опубликовано:

21 авг 2024

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Комментарии : 979

@diablos58 2 месяца назад

The problem isn’t the down payment, the problem is that basic homes are selling for a half of a million dollars…

@snickerdoodles787 2 месяца назад

My house is worth 210000 but I'm going to price it waaaay below that cause a. I need to sell it fast b. We have a subpar hoa and c. There's someone out there that deserves a break . And honestly I could sell it for 140000 amd still make a nice chunk of change. No investors or realtor companies either just a regular family I will sell to.

@frandavis1990 2 месяца назад

@@snickerdoodles787its people like you who should control the housing market, not these banks! I wish i could get that home off you for my family but im not ready yet 😅

@patrickbledsoe2176 2 месяца назад

@@snickerdoodles787kudos to you sir wish you were in Seq County Oklahoma

@diablos58 2 месяца назад

@@snickerdoodles787 also touching on that note and another HUGE issue especially in my area of the country, is that there are big time investors and realtors buying up all the properties they can, and then putting regular people through extensive application processes after having them pay fees and giving them hope for a chance at renting their property, only to deny them because they don’t meet the requirements which are absolutely absurd. I have to have a 620 or higher credit score just to rent a crap hole apartment? I have to make $60k a year to even be considered for a place? These big time corporations are the ones controlling the market and people are giving in and paying out the wazoo because we don’t have any other choice.

@justinrivera5958 2 месяца назад

Black rock is running the housing market right now

@KylianZander 8 дней назад

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@Alethia-q9s 8 дней назад

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

@KylianZander 8 дней назад

@@Alethia-q9s That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@Alethia-q9s 8 дней назад

@@KylianZander My advisor is VICTORIA CARMEN SANTAELLA;

@Alethia-q9s 8 дней назад

You can look her up online

@YinusaSaheed 8 дней назад

@@Alethia-q9s The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@Peterl4290 3 дня назад

In the current economic climate, a home is not the best investment. I've already sold my Boca Grande area home, but I want to invest roughly $200,000 in stocks since I've heard that even in challenging times, investors may turn a profit. Any excellent ideas for stocks?

@larrypaul-cw9nk 3 дня назад

The truth is that if you make the right picks, you could make killer riches very quickly, although such profit usually needs expertise, as in hedge funds or financial managers. I personally prefer the latter.

@Mrshuster 3 дня назад

I agree. Based on personal experience working with an investment advlsor, I currently have $985k in a well-diversified portfollo that has experienced exponential growth. It's not only about having money to invest in st0cks, but you also need to be knowledgeable.

@sabastinenoah 3 дня назад

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@Mrshuster 3 дня назад

Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@sabastinenoah 3 дня назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@Redac2608 5 месяцев назад

I used the USDA loan to build a house in 1994 on 1/2 acre of land. It was a dream come true. My down payment was $500. I could not believe this was available back then. I still own the house.

@RicardoHernandez-zr1pw 5 месяцев назад

You’re lucky you had that opportunity. 👍

@aking032962 5 месяцев назад

NOT ANYMORE! I was approved on a USDA loan and because of the State of Arizona USDA Chief Home Program Coordinator did NOT HAVE A PERSON ON STAFF THAT KNEW HOW TO PROCESS A NEW CONSTRUCTION TO SINGLE FAMILY MORTGAGE ONE TIME CLOSE THEY WITHDREW THEIR APPROVED LOAN AFTER A YEAR. THIS IS AFTER 27 MISTAKES IN PROCESSING MY LOAN EVEN AFTER EXPLAINING TO THE PROCESSOR THE USDA'S OWN LOAN PROCESSING TRAINING MANUAL THAT WAS ACCESSIBLE ON LINE! THESE PEOPLE HAVE TO BE CORRUPT OR COMPLETELY IGNORANT!! I COULD SUE THEIR ASSES OFF BUT THE WAY THE DEPARTMENT OF JUSTICE LOOKS LIKE GOOD LUCK WITH THAT TOO!! SO NO, UNLESS YOU WANT A NIGHTMARE FOR A YEAR AND NEVER EVEN GET TO BREAK GROUND I WOULD AVOID USDA HOME LOANS IN ARIZONA LIKE THE PLAGUE!!!😢

@barryirvingj1813 4 месяца назад

Really?

@Redac2608 4 месяца назад

@@aking032962 I am sorry to hear this. I was very blessed.

@mwangianne270 4 месяца назад

Thank you so very much

@calebowens545 5 месяцев назад

One minor detail left out. The location of the house has to be in a rural area classified by the USDA. They have maps on their website

@gilgamesh6135 5 месяцев назад

So what? Beggars are not choosers

@julieludwig8927 5 месяцев назад

Wayne mentioned that.

@richardpellis 5 месяцев назад

Rural housing does not appreciate in value like city homes. In case that matter to you.

@bodiesbydefinition 4 месяца назад

Fine. The way to circumvent that, would be to make it a rental property,@@richardpellis

@bunchielove6893 4 месяца назад

@richardpellis this isn't true. My friend has one of these homes in North Texas and her home appreciated quickly. If the area grows the home appreciates.

@tonysilke Месяц назад

Mortgage rates are currently at an all time high since 2000(23 years) and based on statistics on inflation, we might see that number skyrocket further, a 30-year fixed rate was only 5% this time last year, so do I just keep waiting for a housing crash before buying or redirect my focus to the equity market

@Nernst96 Месяц назад

The stock market is no different, to maintain profit you need to have some in-depth knowledge on the market. I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

@PatrickLloyd- Месяц назад

In my opinion, it was much easier investing back in the 80s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

@PhilipDunk Месяц назад

My partner’s been considering going the same route, could you share more info please on the advisor that guides you

@PatrickLloyd- Месяц назад

Tracy Annette Webb is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@PhilipDunk Месяц назад

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@oliviaralston1 24 дня назад

Successful people don't become that way overnight. What most people see as a glance of wealth, a great career, and purpose is the result of hard work and hustle over time. I pray that anyone who is reading this will be successful in life..

@tracyholian2944 24 дня назад

I want to compliment you, you have said it all. I am a little business owner and I really want to expand my business to the next level by making myself an investor but I really don't know how to go about it..

@aaronferrell3129 24 дня назад

imagine investing in Btcoin earlier.... You could have been a multi millionaire precently

@sarkiali3958 24 дня назад

@@aaronferrell3129 You are right. Been thinking of going into gold and cyptocurrency

@Muchen218 24 дня назад

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

@Noel.Kirk. 24 дня назад

You’re right but a lot of people remain poor due to ignorance

@BennieY.Jenkins Месяц назад

Hi! I’m excited to be here in your channel and I’m interested in learning more about investing and saving up for my retirement but am a little confused about the whole process. Any advice or tips to get me started up would be greatly appreciated.

@harryrobot851 Месяц назад

Most people either do not understand the power of compound interest, or are just impatient. For the average Joe, however. I think it is just best to invest in the S&P 500, and just wait, which is reliable, albeit extremely long-lots of years. Or just use a professional analyst and speed up wealth creation. Most people underestimate the power of the latter

@DavisFreeman-nu1cu Месяц назад

You're absolutely right about the power of compound interest and the long-term potential of investing in index funds like the S&P 500. For many, passive investing in broadly diversified funds can be a reliable strategy over time.

@PeterSimpson-mg9gg Месяц назад

Employing a professional financial analyst or advisor can certainly add value by offering tailored advice, portfolio diversification, risk management, and timely insights. Their expertise can potentially speed up wealth creation and navigate market complexities, but it's important to choose someone reputable and consider their fees, as they can impact your overall returns.

@NimaOmaisj Месяц назад

BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

@HilmanJacks-mq1tc Месяц назад

The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds.

@cryengine_x 5 месяцев назад

i got a usda loan, my realtor hooked me up 15 yrs ago and man did he do an awesome job. no down, no pmi, great rate...if it werent for him i'd have no idea it existed

@mauriceanderson-phillips5360 4 месяца назад

Looking to buy also in Florida please share

@JoyFaith-xg3zg 4 месяца назад

Seriously?

@moyoroque1 5 месяцев назад

We bough my home this same way just before I turned 21 about 13 years ago best decision in my life thank you for helping people out

@lilpandanesegirl 5 месяцев назад

this was 12 years ago. not a good idea right now. but congratz!

@dattepo7534 5 месяцев назад

Congrats dude wish I knew what you did back then

@rftree7737 3 месяца назад

Where you Live is the loan depending the area I live in Long Island NY

@Acepilot235 2 месяца назад

@@rftree7737Good luck with that. I used to live in East Meadow, but I moved to PA because it's so much cheaper. Still have my job in NY though because it's maritime work.

@colekonop5034 2 месяца назад

The housing market is t nearly the same as it was 12 years ago 😂 it’s actually cheaper to rent rn

@JoshySaucy 2 месяца назад

Hello Everyone, I hope this message finds you well. I live in Arizona and just purchased my first condo. Paid 205k for a 1 bed 1 bath in a decent neighborhood within walking distance of everything. My credit pulled at 759 and qualified for a 30 year fixed at 7.125%. Received 3% concessions from the seller and a $2,500 grant. Over all it cost me 6.5k including the 6.1k for the down payment and $400 in loan cost. I’m very grateful to be a home owner with a payment I can manage. These home prices are insane though.

@Ball_Hard 2 месяца назад

For 1bed 1 bath ???😳

@JoshySaucy 2 месяца назад

@@Ball_Hard Yes, thats correct. The lowest price point you can get here in the valley. Unless of course you pay 30k less for the same style unit in the hood.

@walleplaysunite 2 месяца назад

@@JoshySaucy But is this with the USDA loan?

@JoshySaucy 2 месяца назад

@@walleplaysunite no conventional, I was under the assumption usda is for rural areas?

@luisperez498 5 месяцев назад

actually really proud to have an employee like you as part of the team. The job is done so gracefully and neatly. Very well done, dear BsnsFunding . First of all. Thank you for making the work environment so friendly and taking your responsibility seriously and completing the work gracefully! You deserve so much.

@Ryan-ff6tn 2 месяца назад

???

@carlf8224 2 месяца назад

@@Ryan-ff6tn its a scam to get you to look up and click on "Bs"nsFunding. it makes no sense so you will google the only logical thing in the message to further understand it!!! Stay on your toes because these scams are getting clever

@robertbartholomew6183 4 месяца назад

Bought my first house in 2020 with a USDA loan. When I got the loan, there was also a rebate that came along with it, that would first be applied to the closing costs, and any remaining amount of money would go straight into my pocket if there was any left over. My understanding has been that the rebate is a standard part of a USDA loan. For me, the closing cost on my home was $10,500, and I received a $9,700 rebate, so I only paid $800 to get into the house. Sure, I do have a PMI payment attached to the cost of my monthly mortgage, but it's only about $90 give or take a few dollars. When I bought this house, the lowest rental prices I could find in my area were about $2,100 a month (but most were $2,300+) and even with the PMI payment attached to my mortgage, I'm instead paying $1,900 to own a property on an acre of land and my own water well. Would I have preferred to have 20%+ down when I bought? Sure, but I'm still not at all regretting getting into this house.

@Connor-im8xp 4 месяца назад

You did your research my friend good job. I got my house in 2022 small starter home. Still got a good rate and I used a conventional loan. Only had to put 5% down after closing costs I probably spent 20k. But I’m much happier paying an 1100 dollar mortgage then giving someone else rent.

@robertbartholomew6183 4 месяца назад

@@Connor-im8xp For sure. Having a good rate is great, that's hard to find these days. I locked mine it at 2.5%, which was very easy to do with the USDA loan structure. USDAs had the lowest rates I could find at the time of purchase.

@Zero-xl2ef 3 месяца назад

Is it worth it to buy one in Cali?

@jeremiah03101 4 месяца назад

this is the dad i always needed

@user-lq4fp6gy8x 4 месяца назад

some people that dont know anything about real estate would think you need 1000$ total to buy it but 1000$ is just the down payment for the loan

@scottinvad2096 3 месяца назад

Very misleading. At the beginning he says, ".... how to buy a house for a thousand dollars?". This is not about buying a house for a thousand dollars, it's about putting a down payment on a house for a thousand dollars. Even people who do know something about real estate can be misled by this. The caption makes it sound like you can buy a whole house for a thousand dollars too.

@NortheastPressureWashing 3 месяца назад

Gotta educate yourself as well man people can’t do everything for you. Have to look into things and realize how much you’re trying to eat in one sitting.

@LJ-uy9ru 3 месяца назад

@scottinvad2096 Well, you're an idiot if you think you can purchase a house outright for a $1k. Nerd

@sendit7777 2 месяца назад

@scottinvad2096 if I understand you correctly, 1000 dollars down secures the loan. Your approved. Then what happens and what money is needed after that. Trying to understand the process.

@titanproductions3628 2 месяца назад

@@sendit7777well traditional home buying requires 50k plus to put down on a house but this USDA thing brings it down to a 1000 for down-payment, just gotta do a little bit more research on this.

@TheBrianV 5 месяцев назад

I've been in real estate for 34 years and didn't know a lot of this. Thanks Wayne

@HeartLatic 5 месяцев назад

😮😮😮

@joshamezcua3322 3 месяца назад

That says alot about you and less about the information

@azinfandellvr 2 месяца назад

@@joshamezcua3322 why so mean to a stranger?

@sempfrost1302 2 месяца назад

@@azinfandellvr misery loves company

@morganjcody14 4 месяца назад

Yep he is 100%. I’ve done it twice. Get seller credits and you can get closing costs lower.

@SagaciousBodie 5 месяцев назад

Be careful people, if you're worried about paying more than $1k down, know that a house like that in my area is going to cost you $3k per month mortgage. Don't be impatient!

@sugasweet435 2 месяца назад

Thank you, I keep getting tempted by all these cheap listings I’ve been seeing lately. But I’m only 24 and stuck in a year long lease. Hopefully I can make the most out of these coming months, get a cheaper place short term, and save up faster

@jasminealyssetv 4 месяца назад

Single homeless mom of 3, I needed to see this video! Thankyou

@larhondamann3873 3 месяца назад

Me as well

@jasminealyssetv 3 месяца назад

@@larhondamann3873 God got us! We will be housed immediately 💪🏽🙌🏽💕

@jasminealyssetv 3 месяца назад

@@larhondamann3873 God got us! We will be housed immediately 💪🏽🙌🏽💕

@user-ew8jc1ih9k 2 месяца назад

Exactly me! To lets see it!❤

@colekonop5034 2 месяца назад

Have fun even the cheapest house is 250k rn with a 7% interest rate

@KekeKenned 3 месяца назад

This is true, I bought a brand new house up on the USDA loan. And I put no money down at all with the 650 credit score. Fix rate with the 4.25 interest rate

@LyssieLysse 2 месяца назад

Wait a minute, I have the credit score and etc. and was never shown a new house. The loan was never mentioned to me either.

@KekeKenned 2 месяца назад

@@LyssieLysse I knew about the loan before buying a house.

@GrayFoxIRL 2 месяца назад

In 2024 you got a 4.25% interest rate?

@KekeKenned 2 месяца назад

@@GrayFoxIRL no

@DragonNinja4680 2 месяца назад

@@GrayFoxIRLmust have been sine years back before the Feds raised the rates!!

@Monkies8utt 3 месяца назад

Here’s the catch.. you might have $1000 to purchase it, but will you have the $3500 for the monthly payment to pay the loan

@popefrancis9756 2 месяца назад

Still better than paying 2k for an apartment.

@Dragonk116 2 месяца назад

Yeah so? There are apartments in NYC that are $3500 for that anyway, you might as well invest it in a house instead.

@chriswood4510 2 месяца назад

Rent is basically 100% interest loan with no end.

@macruizphotography 2 месяца назад

@popefrancis9756 no it's not, if you can easily afford 3500 than sure. But that comparison to 95% of the country the rent is the only option and they still might not be able to afford that.

@popefrancis9756 2 месяца назад

@@macruizphotography you’re thinking too much like a woman. Stop that shit, find your balls, and work your ass off. If you can’t find a way to come up with 3500 a month then what the hell are you doing? I know mfs who gotta pay more than that for child support. Get a grip mf, let’s do this shit.

@jimmyt5241 5 месяцев назад

Now I found this out I like building brand new homes , I just built a house for nothing out of pocket , well I bought the land and paid it off in 3 years cleared the property myself then used the land as down payment on a construction loan and Americas home place great company built my home and it’s stick built some walls are 2x6 framed front wall is 2x8 framed large windows , they have done An amazing job high standards on these new homes to meet new codes better materials and I’m glad I had the time to wait and build one cause a used house would have cost more of this size I think building is the way to go you get to choose floors , countertops doors placements of lights extra electrical outlets in areas needed everything , doors window types gutter colors porcelain barn style sink upgrades siding upgrades list goes on you get to customize the house to what you want and it’s brand new that’s the kool part , I can focus on my business my customers and keep them number one priority and keep it moving

@femalewarrior125 5 месяцев назад

Nothing out of pocket? Well you have to pay back for the construction loan! Right? And you bought your land with money! Right? So that is not “ nothing out of pocket “ with all due respect

@ryangandy1127 4 месяца назад

@@femalewarrior125I'm pretty sure he meant no money down

@andrewmeitner4818 5 месяцев назад

You still have to pay the mortgage and without a down payment those mortgage payments will be high. This is great advice if you can make the payments. Thanks for all of your videos Wayne.❤

@shannaelchert7014 5 месяцев назад

I believe your payments are based on income…? I could be wrong though

@Nvable 5 месяцев назад

@shannaelchert7014 it seems like income based mortgage would be decriminatory toward those that earn more money than others. Someone paying a higher mortgage with the same down payment for the same priced house in the same location doesn't sound fair at all.

@femalewarrior125 5 месяцев назад

@@shannaelchert7014your payment will be based on the amount of the loan and the interest rate at the time, your income does not establish your payment, your income determines if you can make the payment or not !

@DoctorDaniB 4 месяца назад

@@shannaelchert7014 Monthly payment isn’t based on income. It’s based on loan amount, interest rate, private mortgage insurance, home insurance and property taxes.

@thomas0086 4 месяца назад

@@Nvable you could argue this entire program is discriminatory to wealthy people, which is ironic, because literally, the entire financial system is discriminatory to poor people as all the financial incentives are given to those who have wealth and credit. These programs have an income limit for a reason. If someone makes more than another using this program their payments should be higher. Why would you want a whole bunch of people who are making a few hundred dollars short but still over six figures a year using up all of the funding? It’s a pity it doesn’t work that way to discourage the above.

@arloc24 5 месяцев назад

With ťrading, technicaI analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Laura A Keady’s insights, daily ťrade signaIs, and my dedication to learning, I've been increasing my daily earnings. Keep it up!

@Aninhafeldman 5 месяцев назад

Wow, I'm just shocked that you mentioned and recommended Coach Laura Keady I thought people don't know her… She's really great!

@americanedokko2782 5 месяцев назад

I have about a 780 - 790 FICO. I’m a disabled Veteran. I can get a VA loan. BUT, I CANNOT AFFORD THE PAYMENTS ON A DECENT (3-2, 1000sqft) HOUSE IN A DECENT NEIGHBORHOOD!

@johnmelgar6625 4 месяца назад

Buy in a shitty neighborhood or main freeways closer to downtown brrr it and build an additional building rent or live there and do it again

@annkg7193 2 месяца назад

I never bought a home and I have 60 days before my lease expires and I don’t know where me and my young adult autistic son is going to go. My biggest desire is to be a homeowner. I just learned about USDA loans not clear exactly all the ins and outs of it but I hope I can buy a home for $1000.00. If I can actually purchase I surely will come back and post my testimony! Thank you for sharing.

@JollyjaeC 2 месяца назад

You still need to afford and make the monthly mortgage payments. The down payment is what will only be a grand.

@JarvisCarter 3 месяца назад

Flood zone tip you gave in this video really sticks with me. Thank you for the insight!

@Viper3048 2 месяца назад

My mom got a USDA loan and after 16 years when she went to sell it, she owed the same amount due to a loophole in the paperwork. She bought for $130k, sold it for $180k. She only owed $90k or so she thought. After selling, she only ended up with $40k. There's something really sketchy about those loans.

@_Aimeesjourney 2 месяца назад

40K is good to me

@thelegendarykevininsales7589 Месяц назад

@@_Aimeesjourney$40k in 16 years is $2500 per year or $208.33 per month. Not good.

@JoJo-vi6xx 22 дня назад

Dayyymmmm

@MzSeptember 5 месяцев назад

Wayne Turner….THANK YOU. I’m not in a bad situation as far as buying a home. But you definitely give me hope with moving forward with the process. So many options out there and you explain them well. I may be contacting you for advice if you don’t mind. Thank you so much for keeping us informed.

@TheRealWayneTurner 5 месяцев назад

Thank you. I’m always here to help.

@killerzone3355 5 месяцев назад

I see your still working hard helping others Wayne. Thanks again Wayne for helping us when we needed it most, totally killer.

@treomoe 3 месяца назад

Good people are spreading the word for USDA.

@blairakana9984 4 месяца назад

He’s only saying 1000 down and us credit score of 620 or higher. He’s leaving out the fact that your debt to income ratio needs to be good or income needs to qualify and budget for the loan.

@nrsmythe 4 месяца назад

Listen again

@drewnicest4319 4 месяца назад

I'm self employed with an 800+ credit score but I can't get a home loan because my income on the books is too low

@emmily6110 4 месяца назад

@@drewnicest4319that's the part they all leave out, you can't get a good home on lower income, otherwise your loan amount would be a flipper price 😂. currently working up to the stable amount to get a good home🎉

@royharper2003 3 месяца назад

@@drewnicest4319 USDA Rural Development's Section 502 Direct Loan Program provides a path to homeownership for low- and very-low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality

@infinitylane8909 3 месяца назад

He does mention it at 3:45 minutes in

@jamielynnlano 5 месяцев назад

I want to use this but the calculators online say my payments would be over $1000/mo and that’s totally impossible 😢 There is nothing cheaper than $200k these days even in rural areas.

@letlovedesign3088 4 месяца назад

If you are very low or low income, the USDA Direct loan may subsidize your monthly payment making it more affordable. It’s worth looking into.

@mikieemiike3979 4 месяца назад

You have to negotiate the price. Look at homes that are inflated. Meaning if they are selling a house for $340k but they bought it for $180k make your offer based on the $180k not the $340k.

@LHSHarmon 5 месяцев назад

You have to take in consideration Debt to Income ratio which was usually the issue with USDA

@bodiesbydefinition 4 месяца назад

He mentioned that.

@TampaCatGirl 4 месяца назад

I almost didn't listen to this video, but so glad I did! Great info on this program that I hadn't heard before. You've got a new sub. Thank you, you are awesome!

@sargentking2436 5 месяцев назад

Im in Georgia and Retired Military Veteran 😊

@shericontrary2535 5 месяцев назад

near Fort Stewart?

@bodiesbydefinition 4 месяца назад

Hope that you’re using the Home Loan Guarantee

@morriganfey6079 5 месяцев назад

Oohhhh.. Louisiana.... now I understand why half your videos mention flood zones lol

@Fernandacardoso-rb4zs 4 месяца назад

This year 2024,don't set your financial goals without consulting a financial adviser.there expertise ensure a solid plan for success.Building wealth involves developing good habits like regular putting money away in intervals for solid investments.

@VictoriaArmendarez-fk7ps 4 месяца назад

Thanks for the advice! I'm new to financial planning and wasn't sure where to start.Any tips on finding a reliable financial adviser or resource to guide beginners?

@Dicky-curtains 4 месяца назад

You're right, based on personal experience working with an investment advisor, I currently have over $300k in a well-diversified portfolio, that has experienced exponential growth. It is not only about having money to invest in stocks but also you need to be knowledgeable, persistent, and have strong hands to back it up.

@EllerieBardot 4 месяца назад

@@Dicky-curtainsHow can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

@Dicky-curtains 4 месяца назад

@@EllerieBardotMarie Ann Treloar She’s the license coach I use.

@Dicky-curtains 4 месяца назад

Look her up on Google you will find the necessary information and also her web page to make a contact and schedule an appointment with her

@juanap2230 5 месяцев назад

Thank you for giving people hope of becoming home owner's ,bless you ❤💯

@hazel555 5 месяцев назад

Unless it's changed recently, usda says you have to show that you were unable to get any kind of regular home loan anywhere else; also you have to show that you paid your bills, without one single late payment, within the last 12 months.

@malstarrainbow 2 месяца назад

That is still true. Plus another thing he is not mentioning is you cannot live just anywhere. The USDA is not available in every county and there are restricted areas. Besides that PMI goes along with that mortgage making it harder to pay off the home sooner. It sounds all good on the front end but it is a risk. I say it is for people who don’t mind staying in that said home for over 20 years.

@yvonnemvquire6349 5 месяцев назад

Love, love, love Wayne and hearing his knowledge on homes❤

@TT-co3gj 5 месяцев назад

You're completely ignoring the flip side of the coin . Let's talk about the PAYMENT after you go thru this nice $1000 down payment. You really need to be discussing debt income ratio and not pushing $1000 down payment philosophy. You're doing viewers an injustice by saying, " your mortgage lender will figure that out".

@ASP2850 4 месяца назад

They're doing themselves a disservice if they don't understand debt to income ratio before making any purchase, especially a large purchase like a home.

@aeneaslime2968 4 месяца назад

That's another video. Be nice

@aeneaslime2968 4 месяца назад

It's not left out. U jumping too fast. Listen

@clementbonelli2882 4 месяца назад

Right. 👉🏻👌🏻

@MsGlobaldomination 5 месяцев назад

I have a question regarding the $1000 down. You mentioned the home inspection, but aren't you excluding the appraisal fee, attorney fee, and the first year of insurance upfront? I was advised when I was preapproved for a conventional loan that those costs are never covered, so are USDA loans different?

@GD-oz7uy 5 месяцев назад

There is an income limit requirement with USDA loans

@carlitoclassico 5 месяцев назад

Yeah, I tried this last yr after all the married and couples with kids kept saying "oh yeah, everyone qualifies" but apparently I make "too much", not enough to buy outright, but plenty enough to pay 1350/month in rent on a single income 😂 I don't want to give up, but it really seems pointless after 2 yrs of trying

@Casmige 5 месяцев назад

Come on Wayne “$1000.00 out of pocket”??? Really now, Nothing due at closing like those pesky pre-paids & escrows?. Notwithstanding the $3000.00/Month mortgage payment including PMI as well as mandatory homeowners insurance (dwelling).

@jblow9394 5 месяцев назад

PMI is not needed for USDA RDLs. They have something different called a guarantee fee...which is much lower than PMI.

@bexlaviolette 2 месяца назад

This is exactly how we bought our home, through an RD loan (Rural Developement loan). All we had to do was put down $1000 dollars towards a "good faith fee". AND it was so easy!

@TheRealWayneTurner 2 месяца назад

I love hearing peoples success stories! Awesome!

@intentionally-blank 5 месяцев назад

Always great info Wayne! I'm just here to read comments from people that don't watch the video.

@Antonia.h896 5 месяцев назад

Yeah the interest and payments afterwards is what would get me. The average yearly salary where I am from is $47k. And there are no homes below 200k. If you do find one below that, it’s in a neighborhood you don’t want to be in or it is in bad shape. It would be a huge fixer upper.

@Yeshuaservant 4 месяца назад

Where do you live? I’m looking for fixer uppers to purchase

@Carmen-dd4lb 4 месяца назад

Thank you for this info. Very true important to know

@Benedict00_ItchyManko 4 месяца назад

So you move

@ramajumdar 4 месяца назад

Great video Mr. Turner. Informative & educational. Love all the way from Srimangal, Bangladesh.

@EvansWS6 2 месяца назад

I have a 782 credit score at the moment and only live in a 30 + year single wide. I will never be able to get a home like this.... i own the trailer but pay $350 in lot rent. This monthly payment on a home like this would be outstandingly high.

@MaiaRowles Месяц назад

I love your videos Wayne. I'm a 32 year old professional looking to purchase a home and prior to your videos I had no prior knowledge of the processes. Thank you so much for being so informative!

@thefunkysway4634 5 месяцев назад

I'm going to do this. I will let you know how it goes. Wish me luck! I can do it!

@TheRealWayneTurner 5 месяцев назад

Let me know if you an agent or lender. www.ContactWayne.com

@lilpandanesegirl 5 месяцев назад

I would wait. right now is not a good idea. unless you make pber 100k a year.

@colossusmuscleman 4 месяца назад

Wow, so much great information that I did not know. I greatly appreciate it, keep it up

@officialentrepreneurscorner 4 месяца назад

Wayne is telling the truth, my first home was a USDA loan over 24 years ago. I’m not sure but it used to be to be subsidized so once your income goes above a certain amount you may have back pay, I remember I lost a lot of equity on the house so basically it’s designed to keep you at a certain income level but it’s good for a low income earner. That’s the only downside

@olababs2048 4 месяца назад

So are u saying if you income increases in future the loan too increases?

@officialentrepreneurscorner 4 месяца назад

@@olababs2048 - The USDA subsidizes the payments based on income, so as your income increases they want you to payback the subsidized amount. For example, if you purchase a home for $200k and the mortgage payment (not including any escrow payments) is lets say $700 per month, and the subsidized portion of your payment is $150 per month, once your income exceeds the USDA threshold, lets say it was $50,000 per year (so your income became anything over $50k per year), you lose the $150 per month subsidization, which they reduce from the equity of the house, so for every years your income is over the $50k per year, you have to pay back that $150 per month subsidy. That's what happened to me, I purchased the home when my income was really low (my ex-wife and I was both in school so we didn't earn that much), but soon as our income after we finished school and got into our careers exceeded the income threshold per the USDA standards, we had to pay back any subsidy and our payments went up.

@nuclearknight8543 2 месяца назад

I put $1000 down for earnest money and $400 for an inspector to come out and look at my house. That’s all I paid. I didn’t have to pay closing cost or anything that’s what gets you. Also, I bought an area close by my hometown, but this particular area nobody likes it. Nobody wants to live there so the housing market is extremely low. $300,000 house would only go for about 170,000 here my house cost 140,000 and I can have it paid off in four years. Annually I paid just over $7000 in a year to my mortgage. I pay extra on the principal bringing it up to $10,000 a year in three years time, my mortgage went from 1400 a month to 1180 a month the more you keep paying like that, every year they readjust your mortgage payment will be lower

@2500hdx 4 месяца назад

I bought a home for 1400$ on FHA with Government down payment assistance!

@CameronFussner 2 месяца назад

People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Sure I'm not alone in my chain of thoughts.

@KarlyNoorda 2 месяца назад

Buy now, home prices will not go lower. If rates drop, you can refinance.

@fadhshf 2 месяца назад

The government will have no choice but to print more notes and lower interest rates.

@hasede-lg9hj 2 месяца назад

Well i think, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.

@Ingloriousvlogs 3 месяца назад

Shout out from 34 years old Bangladeshi immigrant living in Florida for the last 10 years and making the way up from 9-5 job to going partnership business very recently. Learned a lot from you. Thank you ❤

@TheRealWayneTurner 3 месяца назад

That’s incredible! Living the American dream! Thank you so much for sharing!!

@coachkeem3466 3 месяца назад

The authenticity and knowledge came through in this video! It didn’t feel like a sales pitch at all. Thank you so much for the information.

@aumm50 4 месяца назад

Hats off to you, sir! Thank you for sharing your knowledge. New subscriber

@SheBakeCakes 5 месяцев назад

LORD HAVE MERCY!!WHERE HAVE YOU BEEN ALL MY ADULT LIFE!!I WILL BE 50 IN NOVEMBER.HAVE RENTED RAISING MY NOW ADULT KIDS AND HAVE BEEN CLUELESS ON HOW TO BECOME A FIRST TIME HOMEOWNER BEING A SINGLE MOTHER..MY INCOME IS LOW MODERATE BEING A 1099 SELF EMPLOYED THESE PAST 6 YEARS.SOMEONE SENT ME INFO ABOUT THIS SAME INFO YOU ARE SHARING AND WHEN I TELL YOU I HAVE BEEN CLUESS..I DONT KNOW WHAT I GOTTA DO BUT I AM HAPPY THAT I SUBSCRIBED AND FOUND YOUR CHANNEL BECAUSE I NEEDED INFO AND TO HEAR IT FROM SOMEONE WHO CAN EXPLAIN.IM IN METRO ATLANTA.IF I COULD I WONDER IF YOU CONSULT THOSE IN OTHER STATES??

@Sora_Nai 3 месяца назад

What’s up with the caps

@SheBakeCakes 3 месяца назад

@@Sora_Nai none of your business

@amayes1527 Месяц назад

@@SheBakeCakesexplains the single mother part right there clear as day

@belindahicks6137 4 месяца назад

This would be awesome for my daughter, she is a single mom and pays almost 1000 dollars in rent . Thank you so much!! We live in Jennings , Louisiana and I would love to tell her she can buy a house because that's her dream.

@EastSideViewz 17 дней назад

Got my House 6 years ago and with the loan, i didn’t have to pay for anything but the inspection.. it is real and im in a beach neighborhood…

@SpartanONegative 5 месяцев назад

Excellent Information 😎Thank you for sharing with us. God Bless 🙏

@TheRealWayneTurner 5 месяцев назад

Thank you.

@LouisHackett 5 месяцев назад

*The corruption that runs through this administration is getting scarier. I feel for people with disabilities who are not getting the help they deserve. Anyone who is not investing now is missing a tremendous opportunity. Imagine investing $2,000 and receiving $11,300 in 4days.*

@RicRabina 5 месяцев назад

Same here! I am grateful to her. though I started with as low as $4500 actually because it was my first time and it was successful she's a great personality in the state..

@LouisHackett 5 месяцев назад

Getting Yetta Cox to help me really helped me clear all my debts. I started with what I have left and it's been the best decision I ever made.

@khaled454 4 месяца назад

Thank you

@user-xx4jx1nw8g 4 месяца назад

Sounds like a scam!

@vibunsor4614 4 месяца назад

Yes, I would like to get scammed! How do I get started?

@vsango3676 2 месяца назад

My husband and I are looking to buy a house. We needed this information! He was forced to retire when the pandemic hit and that changed everything. He is a RRT and has not been able to return to work due to several surgeries , 2 times knee surgery, then back surgery and last a cuádruple bypass heart surgery which is still recovering from it. We need a house rush! Rent went up on 2021 and then every year they raise it. It’s crazy!, We are paying now for a 1b/1b the price of a house mortgage payment.

@leggo8838 12 дней назад

This here was a blessing... thank you for the lesson/knowledge...

@darcimorrisjones4959 4 месяца назад

Problem here is that any home eligible for USDA gets grabbed up by investors too fast or they're sold cash only.

@truckerron 5 месяцев назад

Screw the IRS!!!

@bigworldexploration 2 месяца назад

While in Ga homes now cost up to million when it should be around $300-$500k. Im sure there is a good program.

@alexnoda5010 4 месяца назад

Make a list with everything you need to buy a house" in South Fl .. even $20.000 down payment is nothing here to buy an apartment...

@Eaglemadhatter 5 месяцев назад

I have over 700 score and recently quit my job and work for myself. I won't have show able income how can I get a home.

@kirkgarner7381 5 месяцев назад

Wayne, how do I find a mortgage company that I can trust to find me the best rate?

@cgyang 2 месяца назад

This is the first time I have ever heard about something like this. Thank you.

@Herozonex200 2 месяца назад

When youre 30 years old and you been saving money 5 years to actuslly save. Thanks paneemic. I would agree on buying a house 5 years ago but getting a house has skyrocket

@laurapoodle 5 месяцев назад

But Wayne I’m on SSI a fixed income of $943 a month. I doubt they would qualify and the loan amount they give me it be very tough to find a home that meets the usda standards to get it approved

@JLP1227 4 месяца назад

Exactly ; it seems like there is never any info on how to get approved with Ss income

@JourneyToMy_Purpose 4 месяца назад

Thank you for providing hope.

@mdgoofy1 5 месяцев назад

Usda is also a part owner.. they will want "subsity" payment when you sell it based on appreciation at time of sale. Rises every year.

@ximenahincapie487 4 месяца назад

Oh good point

@austinbratton9973 3 месяца назад

I got a VA home loan and they wanted 6k as an earnest payment and that was zero money down. Ill check this out

@antoinepowell649 4 месяца назад

This information is gold

@majorsingh8217 4 месяца назад

Thanks Wayne you educate to us 🇺🇸🙏

@mrprfct7069 4 месяца назад

I once encountered a real estate salesman not agent as he worked for the builder who’s biggest selling point to us was that if we bought the house he would make sure I get a free month of no payment. 😅😂. Mind you he didn’t know this was my 5th house. But I played dumb and the wife just couldn’t hold down the laughter and walked away. Free month eh 😂

@TheRealWayneTurner 4 месяца назад

Oh that’s a good one! 😂

@mrprfct7069 4 месяца назад

@@TheRealWayneTurnerwe are realtor in TX and I find most mortgage brokers do not push the usda loans. I would like more info on this for my kids.

@husbandandwifeteamak Месяц назад

This video is a must-watch for anyone looking to enter the real estate market on a tight budget. Thanks for sharing!

@frankbell1408 4 месяца назад

Fantastic vid, thanks for sharing. I just hit another $60k today day trading all, i'm thinking of acquiring a new house all thanks to my Guru

@frankbell1408 4 месяца назад

Ohh yeah, that was possible with the help of my Guru Jenifer Spencer ❤

@frankbell1408 4 месяца назад

She's a licensed broker and entrepreneur from the state

@danielhounkanrin3861 4 месяца назад

The best strategy is starting with a professional coach, as a beginner who knows little or nothing in forex market

@Danielleryals 4 месяца назад

Wow I'm stunned someone just mentioned Jenifer Spencer, I actually thought I'm the only one working with her

@Jasongriffin900 4 месяца назад

You don't have to be amazed, there are a lot of people working with her. I'm one of her client from Texas

@raptureready3015 4 месяца назад

What a find! Thank you, RU-vid algorithm!

@ZtyIe Месяц назад

Not worried about the 1k down. I'm waiting for the 8% rate that'll sky rocket my monthly mortgage and the houses that are overpriced more than 100k than they are worth.

@silvery2850 2 месяца назад

This is what I recommend. Take small amounts and make bigger bets. You may lose money, but it can make you rich.

@lelandmarrs9651 5 месяцев назад

The problem is I only make 25K a year. How would I pay a mortgage?

@TheLadyaec 4 месяца назад

Wondering if these houses qualify as collateral for more loans.

@verycrankyperson 5 месяцев назад

What if you're retired?

@TheRealWayneTurner 5 месяцев назад

As long as you can show you can pay for it you’re good.

@howardsimmons8981 5 месяцев назад

Thank you

@jeminawallace6105 5 месяцев назад

What if you're on Social security disability and not required to file taxes?

@kbolling79 5 месяцев назад

@@jeminawallace6105i was actually about to ask him the same question. I get Supplemental Security Income(SSI) and we are not even allowed to have more than $2,000.00 in the bank. Our income isn't taxed either

@SJ-xg1uf 12 дней назад

First i hear "you should buy. It's cheaper in the long term", then on the other i hear "no you should rent. It's too much to fix everything on your own not to mention the banks can easily take your house away". Buy Rent Buy Rent- OMG WHICH ONE DO I CHOOSE ALREADY?!

@shrimpslushi5781 3 месяца назад

My credit is dog water… I need to build up my credit asap

@robertchavez5647 5 месяцев назад

What if I don’t have a job the past two years but receive tax free military and veteran’s disability as well as social security disability. Will lack of job but steady tax free income suffice and with a FICO of 715?

@deepcow 5 месяцев назад

I have a credit score is 830 and I don’t think I could buy a house for $1,000.00. After the purchase how do I make the payments?

@cland9189 2 месяца назад

“Guaranteed by the government” LOL

@richteritwan 4 месяца назад

That was a lot of words. 8mins I'll never get back.

@elgatomoscato230 4 месяца назад

Well, I didnt buy one for $1,000 down, but I was able to put down 3% on a new construction when I turned 27 at about $6,500 roughly 4 years ago. Im not even a high roller, I had no debts and only made $23.50/hour

@movingearth3726 4 месяца назад

Shit you were luck pre covid … can’t do that now I make over 80k a year and can’t get in a house with only a car payment for debt lmao plus NY is a joke

@XingCollectables 4 месяца назад

you got in at the perfect time. let me guess your interest rate is sub 3%? that makes a major difference in affordability compared to the 6-7% were at now.

@XingCollectables 4 месяца назад

@@movingearth3726 same here. my car is almost paid off so thats when i hope interest rates go down and the housing market drops another 30-50k. Until then im saving and investing in hard assets that aren't volatile then come time I can start selling to get a good chunk of downpayment to hopefully make the monthly payment on a home affordable and not have to budget to the last cent.

@firesign4297 5 месяцев назад

Thank You ☺️ GREAT! Information.🤗

@FlippinJunkie 4 месяца назад

We built our home 7 years ago with USDA. It was a dream come true! NOTE: You have to buy or build outside city limits- look on their website for their map! Also, 7 years ago, the max square footage was 1800 sq ft- idk what the stipulations are now in 2024

@RainingTinglesASMR 2 месяца назад

Thank you for this video, I just got divorced a few months ago and my main goal is to buy a house in a couple years..I will work on my credit and saving up and I’ll remember this video as inspiration :)

@TheRealWayneTurner 2 месяца назад

Awesome!! Best of luck on your journey!