The TRUTH About FHA Loans | FHA Loans 2024 | FHA Loan Requirements

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Опубликовано:

11 июл 2024

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Комментарии : 402

@norastocks5510 Год назад

I really hope folks are listening to you. Shop around. Because of you, we got a really good rate and some other things as well. Why???? We shopped around. I told my husband I was shopping about a month out from the close on our new build and he was nervous. I showed him your videos and reassured him you make a lot of financial sense. We shopped 3 different lenders and got a better rate. I never told the right hand what the left hand was doing and negotiated well. Thank you for your content.

@ShaheedahHill Год назад

Thank you so much Nora, I really appreciate you sharing that. Enjoy your new home!!!☺️

@abs6383 Год назад

Where do you start looking for lenders? Are you going directly with brokers or banks? Any recommendations

@norastocks5510 Год назад

@@abs6383 We choose a mortgage company first, then went to our own bank, followed by a bank known for mortgages. We never told one what the other said. We also got everything in writing. The other thing is we started considering other lenders after we were pre-approved for our loan and while we waited for the build but did not apply until around 45 days out from closing. Good luck

@yesasye3947 Год назад

@@ShaheedahHill 😮

@virginiaescalante2520 Год назад

I'm in the process of purchasing a home and mention to a couple of lenders about Ms Hill's videos and ask the right questions. But feel like they don't listen to me. I have a 760 c/s asked for a conventional loan but they only offer me FHA.

@iomis2001 Год назад

I got an FHA loan along with the first time home buyers grant last year and my mortgage with insurance and taxes rolled into it is $711 a month. Far cheaper than rent in my area and with the money I save I am able to put some money away every check to put towards any home repairs I might need over time.

@mady4443 Год назад

WOW! Where I live, the average mortgage is $1100. Thanks for sharing.

@mamatosh05 Год назад

Wow! That’s super affordable. Congratulations on your new home.

@denekabudget Год назад

Niceeee 🤜🏼🤛🏼🥰

@mady4443 Год назад

@@solo.life.travels7215 Michigan

@MrElnegrito88 Год назад

Don't be afraid to tell what area are you so we can compare.

@rayshu3346 8 месяцев назад

The rules and restrictions are in place, but it's really up to your lending company if they want to follow them or not. My lending company only cared about if there is a home there, my whole septic tank was flooded, whole crawl space floods every time we have a mild rain, defects everywhere and we are not even allowed to go inside to inspect the home before sign the final closing. When they used their own inspector, the property passed with 0 defects. Now we are in court, so be careful, your lending company can work with the seller and ruin your life, all they care about is making money.

@feecunn8845 Год назад

Thank you, I’m just starting the gathering of paperwork to get pre-approval to buy my first home at age 52. I love your videos and appreciate all of your content. I will definitely pay-it-forward. I will give an update on how it goes for me. Blessings and Love.

@ShaheedahHill Год назад

Thank you so much! Best of luck to you.

@memyself4431 Год назад

Congratulations

@Bippityboppityboop 5 месяцев назад

Im looking into buying my first home at age 52. ❤

@oshynclair7592 3 месяца назад

@@BippityboppityboopI'm looking to buy home/condo at age 43 ...

@biancalord488 Год назад

This is a great video topic. Thank you posting!

@ShaheedahHill Год назад

You are so welcome!

@ivyl4655 Год назад

Thank you so much for this clarification! Very helpful! God bless you

@ShaheedahHill Год назад

You are so welcome

@lorraineg7223 Год назад

This was great info. I learned something for sure. Thank u

@ShaheedahHill Год назад

So glad, thanks for watching

@tfptravel.food.peace.3788 Год назад

Thank you for this! I love this channel!

@ShaheedahHill Год назад

Thank you so much for the support!

@KawfeeBean Год назад

Thank you!! ❤ truly appreciate you sharing your knowledge ❤

@ShaheedahHill Год назад

Glad it was helpful!

@cjwright698 Год назад

Ive been researching and studying this topic for a little while now and your video is DEF one of the best. I am in the pre-buy learn stage. I'm taking notes - from just your one vid. You go!

@ShaheedahHill Год назад

Thanks for watching and welcome to the channel!

@Sashologist Год назад

One new subscriber here &I'm sharing these videos because this type of sincerity in content is what we need so I'm spreading the love lol 💕🏡

@ShaheedahHill Год назад

Welcome to the channel and thank you for watching.

@SavedTee Год назад

Thank you for answering my question about different interest rates. I was just criticized by a lender for questioning their rates and another lenders rates. Now the first lender does not want to work with me because I asked how their rates differ. This is for conv. I was told I did not trust the lender. I think that is absurd to assume when I was just asking a question for knowledge sake. Thank you for always giving great information and knowledge.

@ShaheedahHill Год назад

Never let them intimidate you. They sit in sales trainings to know what to stay to buyers to stop them from shopping around. Thanks for knowing better and for watching.

@yolandacook4420 Год назад

Thank you for this helpful information. I had no idea that each lender has a different FHA rate. Im always learning from you. This home buying journey is real!

@ShaheedahHill Год назад

Thanks for watching!

@junemerritt1517 Год назад

Thank you for your valuable information concerning the financial situation all the way around. please keep us informed. Blessings to you.❤❤😊😊

@ShaheedahHill Год назад

Thanks for watching!

@tinamenard5320 Год назад

Thank you,, very informative.. your a blessing with all your info

@ShaheedahHill Год назад

Thanks for watching!

@monicap.harris1012 Год назад

Wonderful video!! This information was really helpful

@ShaheedahHill Год назад

Glad it was helpful!

@trecyyyyy3691 Год назад

You are truly a blessing

@ShaheedahHill Год назад

Thank you😊

@ChrisG-hf5pd Год назад

Stumbled upon your page and shocked at how genuine you are at informing viewers. May God bless you abundantly so you can keep growing and informing others. Not sure if you a realtor in GA but my wife and I would love to work with you in our home buying process this spring/fall. Keep shining !!!!

@ShaheedahHill Год назад

Thanks for stumbling☺️. I don't take many individual clients unless they are moving to specific areas but I have a small group of referral agents that cover the rest of Metro Atlanta. Welcome to the channel! Here is the link when you are ready for the referral - forms.gle/qC2uP4YRednyEyLa6

@Alessandro1983 9 месяцев назад

Thank you Shaheedah! Great info! This is why i like watching different creators because everyone is unique in how they explain the process. Im a new follower

@ShaheedahHill 8 месяцев назад

Welcome to the channel! Thanks for watching.

@dazeemae6211 Год назад

Most knowledgeable info I've ran across with excellent explt

@ShaheedahHill Год назад

Thanks so much!!!

@Docmotivate Год назад

This was such a great message thank you for this content

@ShaheedahHill Год назад

You are so welcome

@youngvick1987 Год назад

great video as always

@ShaheedahHill Год назад

I appreciate that, thanks for watching.

@kayp9318 Год назад

Very helpful! I don’t know why I came across this video but so glad I did.

@ShaheedahHill Год назад

Happy you did as well. Thanks for watching

@the.homehunter Год назад

🔥 Love your video content!

@ShaheedahHill Год назад

Thanks

@reddrum9716 Год назад

Thank you for the helpful information

@ShaheedahHill Год назад

Thank you

@tadan1111 Год назад

Thanks for posting

@ShaheedahHill Год назад

Thanks for watching!

@user-mo9qj5wl1y 5 месяцев назад

Thank you so much u make it so easy to understand.😊

@ShaheedahHill 5 месяцев назад

You're welcome 😊

@KBE-Life_ Год назад

Great content 👍🏽

@ShaheedahHill Год назад

Appreciate it!

@jenicepye2997 Год назад

Thank you for sharing such good information.

@ShaheedahHill Год назад

Glad it was helpful!

@JorgePerez-sg9di 26 дней назад

Thank you for helping people ❤

@ShaheedahHill 25 дней назад

@JorgePerez-sg9di Thank you for watching

@annettepennant5672 Год назад

Gm Shaheedah I really appreciate that information I was saying to my Daughter this Young I just like to her I do not listen to anyone but you Big Thanks.

@ShaheedahHill Год назад

You are so welcome

@nikkikibbe 8 месяцев назад

I learn so much from watching your videos! I am in the process of preparing to be a first time buyer. Thank you

@ShaheedahHill 8 месяцев назад

Thanks for watching!

@allykanyce Год назад

I’m so glad you did this video. Just started home shopping and lenders made me feel like I was crazy for asking why it seems like their fha rates are different from other firms. Everyone kept giving me different purchase amounts that I qualified for! About to watch your video about how to pick a lender

@ShaheedahHill Год назад

You are not crazy...when their customers are not as knowledgeable it is much easier for them. Thanks for watching!

@alexandremoreau1300 Год назад

@@ShaheedahHill hi Ms. Hill can we talk

@mady4443 Год назад

@@ShaheedahHill Thank you for giving us the tools to advocate for ourselves. God bless!❤️

@jewelsbaby2449 Год назад

Another great video🙌

@ShaheedahHill Год назад

Thank you 🙌

@concealdontfeel0 9 месяцев назад

This lady is spot on. I'm a new subscriber love your channel

@ShaheedahHill 9 месяцев назад

Thank you, and welcome to the channel

@mellie1022 Год назад

Ok. I see you out here dropping gems 💎. I went to 2 lenders but I don't know about them. I plan to do the hard pull at the end of February and I plan to shop around, wells, chase, credit union, usda, etc.

@ShaheedahHill Год назад

Thank you and best of luck!

@cozymelodiccorner 9 месяцев назад

Thanks very much for the information!🎉

@ShaheedahHill 9 месяцев назад

Thanks for watching!

@cozymelodiccorner 9 месяцев назад

@@ShaheedahHill You're welcome!

@LAND_Academics Год назад

Thank you Shaheeda 🙌🏽🧡🌿

@ShaheedahHill Год назад

Thank you for watching!

@amancalledjason Год назад

You're the first person on RU-vid that I ran across who has spoken on FHA loans that mentions the exception "If you pay 10% or more down on a FHA loan, the MIP stays on the account for only 11 years, not the life of the loan." That's my current situation, and in speaking with my mortgage company, I may can get that taken off sooner if I reach 20% of repayment before that 11 years is up. (I'm not sure if that's common). Anywho, thank you for your thorough education. SUBSCRIBED!

@ShaheedahHill Год назад

Thank you and welcome to the channel!

@drehardin Год назад

That was good game right there. I didn't know about the 10% either.

@Mrzdavis11 Год назад

I did not know this and my lender didn’t tell me. I’m stuck for the life of the loan. I have a 3.5 rate. Not sure if it’s worth it to refi.

@leond887 Год назад

@@Mrzdavis11 when the interest is lower you can refinance to remove the pmi dear

@chelsbolin Год назад

That’s awesome if they will drop it at 20% repayment. Just be aware that some of the loan officers may be inexperienced or just simply uninformed and will tell you wrong information. I’ve been through that multiple times. Typically, FHA mortgage insurance will not drop at 20%. I did the same as you tho and put down 10% so it eventually drops if I do not refinance sooner. My rate on a 4 unit property is 3.375%.

@jennyhwang3260 Год назад

A friendly face with a teacher’s patience❤ I have learned a lot listening to your channel. One important thing that was not mentioned was the maximum Loan amount that FHA sets.

@ShaheedahHill Год назад

Good point, thanks for watching

@indigobeauty1 Год назад

thank you so much lovely...keep the videos coming 🙌🏾

@ShaheedahHill Год назад

Thank you

@treszriggins5772 Год назад

Spot on! I destroyed my credit when I was 26 back in 2010. I went from a 757 credit score to a 580. Took a lot of research, hard work, and time, but I now have a 828 FICO score. *Top phase resolution* is exactly what you need to do to hit a 800 credit score.

@treszriggins5772 Год назад

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

@treszriggins5772 Год назад

Those team are top Notch check them out

@ritaandleo 11 дней назад

Omg thank you so much for your advice!!! It's kinda scared going through this journey alone!

@ShaheedahHill 7 дней назад

You're so welcome! @ritaandleo Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

@Kukuak82 Год назад

Hi Shaheedah, can you talk about how to find a good lender in 2023? Questions we should ask and what to watch out for. Love your content! Thank you

@ShaheedahHill Год назад

In my mortgage options playlist there are 2 videos on Choosing the Best Lender

@ladylady8745 Год назад

Wonderful presentation

@ShaheedahHill Год назад

Thanks for watching!

@domrocc5363 Год назад

This is extremely prudent and important. While it may be functional for alot of people, the current inflation +FHA escrow requirements have put alot of new first time homebuyers into resale postions because they think the low down payment is where the advantage is in this loan structure. Rather, its a curveball you have to manage based on changing state by state minimum escrow requirements + the MI premium you will be locked into based on your down payment. I apprecaite you pointing this out rather than doing what many ithers are, which is, making videos about how accessible or cheap these fha structures may be with low to 0 down. The current market and inflation has turned many a first time home buyer during the pandemic into first time home sellers

@ShaheedahHill Год назад

Thanks for watching!

@irisavila6643 Год назад

thank you so much for this video! we went into a FHA loan because we didn't have the 20% down payment that was required in 2016 We purchased in San Pedro CA & PRECISELY what you say... we had to refinance in 2021 & the PMI was added again but not for the life of the loan... for 11 years.... so will be able to get rid of it 9 years from now.... which will save us a lot. We are trying like hard to pay some $$$ into the principal as we got a better interest rate 2.75% thank you again for your financial savvy advice !!😉

@ShaheedahHill Год назад

Thanks for sharing and you have a great rate!!

@queensun6059 10 месяцев назад

👸whew! chiiiile u dropping gems 💎💎💎!!!👏👏👏

@Visiontu Год назад

Great video

@ShaheedahHill Год назад

Thanks for watching

@Sincerely_Tiffany 11 месяцев назад

Wow! Great Information In this video and In the Comments. I am looking to Buy my First House And I am super Nervous lol Thank you for this Awesome Information!

@ShaheedahHill 11 месяцев назад

Glad it was helpful!

@LibraLife47 Год назад

Thank you💖

@ShaheedahHill Год назад

Welcome 😊

@rafjones Год назад

You consistently drop sound knowledge. God bless you!

@ShaheedahHill Год назад

I appreciate that

@siralee4975 Год назад

Thank you so much for sharing this great and much needed education and may God continue to Bless Y♡U❤️ 🙏 👏 ✝️

@ShaheedahHill Год назад

You are so welcome

@sherine596 Год назад

thank you so much....

@ShaheedahHill Год назад

Thanks for watching!

@robinabuchanan4200 Год назад

Thanks for the great information

@ShaheedahHill Год назад

Thanks for watching!

@treszriggins5772 Год назад

You can reach them out via google they’re best out there *Top phase resolution* They helped me rebuilt my credit a lot

@treszriggins5772 Год назад

Those team are top Notch check them out

@debbiesmith7723 Год назад

Thank you

@ShaheedahHill Год назад

You're welcome

@germainesanders768 Год назад

Greetings. I LIKED and subscribed to you channel. I need to be educated a little bit more on the different types of loans, with their down payment. 😊

@ShaheedahHill Год назад

Awesome, thank you! Welcome to the channel

@esan0715 Год назад

Great information, many think that a Loan is a "one size fits all" kind of deal. And aside from these 4 QM loans, three are many others Non-QM loans that may get someone into a property. DSCR, bank statement, etc. If you are in the market, either personal or investment, , ask questions

@ShaheedahHill Год назад

Thanks for watching!

@claraescalante9276 Год назад

This was so helpful! I was told an FHA loan was the best option but I have been looking into Conventional loans and I think thats going to be the best option for me

@ShaheedahHill Год назад

That is great, yes FHA is often pushed to first time buyers but there are other options. Thansk for watching.

@Vub. Год назад

Well problem with that is you need money down.

@lexc4965 Год назад

There are also programs that help with money down as well. Research every avenue.

@subprime2006 Год назад

Best option for who? 3-3.5% of the loan amount would be what the loan officer or mortgage broker earned in commission. FHA is the last/worst option if you really needed.

@artSi1012 Год назад

@@subprime2006 would USDA be a better route or just a conventional?

@superrando837 2 месяца назад

I am on FHA and you are right on target 🙏

@ShaheedahHill 2 месяца назад

@superrando837 Thank you for watching

@The_Dancelegz_Experience Месяц назад

Although this video was created over a year ago, it is currently May 2024 and when I say this information has my mouth to the floor, thank you so much Shahida Hill for creating this video. It is so useful I rarely ever hear anybody break down FHA loans and the difference the differences like you have done here

@ShaheedahHill Месяц назад

Glad it was helpful!

@antoniovazquez1975 Год назад

Always enjoy yr information. Some of us are truly listening. Doe's FHA have down payment assistance. I'm in CT

@ShaheedahHill Год назад

Yes, and thank you for watching. This video has a link to programs in every state ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-NgHV5qkvSRg.html

@Karlizfranco 20 дней назад

Thank you for every honest advice you give not only to future buyers but also b people like me who want to get into RE and want to know more about this business. ❤

@ShaheedahHill 18 дней назад

@Karlizfranco Thank you for watching

@candaceaku746 Год назад

Thank you so much! This is right on time! 🙏🏽❤️

@ShaheedahHill Год назад

You are so welcome

@cuteusagi Год назад

This has been so helpful. I git approved for an fha loan and down payment assistance. However, i also need concessions back. So its been tough...because there are not many people accepting FHA. Its frustrating 😢

@ShaheedahHill Год назад

Keep pushing, look for nice homes with bad pictures, those are hidden gems with less competition. Thank you for watching.

@paulstandaert5709 Год назад

20 years ago, I got a 2.5% down FHA loan. In light of the mortgage insurance being there for the life of the loan, I would DEFINITELY avoid them. There were many other stipulations that came to bite me in the hind end with the FHA loan, so even though they look good on the surface, they are trouble later on.

@ShaheedahHill Год назад

Thanks for watching!

@PatronDove Год назад

Could you explain?

@paulstandaert5709 Год назад

@@PatronDove with a conventional loan, I could get an appraisal and if it appraised well enough, I could have eliminated the mortgage insurance. That was not the case with the FHA and now apparently it goes for the life of the loan. With a conventional loan, I could pay 22% of the balance in one lump sum and the mortgage insurance goes away early, but an early removal of mortgage insurance was not an option with the FHA loan. Sometimes the small town lender would just take your word for it. The FHA inspection cost more. Refinancing out of the FHA loan had some annoying hurdles. I would do my absolute best to avoid it if I did it again.

@joliejohnson1098 Год назад

I'm share thus and keep this one. 🥰

@ShaheedahHill Год назад

Thanks for sharing, I appreciate it!

@AleezyShark Год назад

Do you have a video specifically discussing VA loans? Thanks for all your videos

@ShaheedahHill Год назад

Yes, here is my most recent one ru-vid.comcCS34CQZwnQ?feature=share Thank you for your service

@AleezyShark Год назад

@@ShaheedahHill much appreciated by the way. We are currently under contract and your videos have provided us some great information during this “fun” and “not stressful” process 😅

@ladyrob4110 Год назад

Can you make a video about Bank Statement Loans for Self Employed Individuals?

@ShaheedahHill Год назад

I will work on one....but this is a good one from my lender friend ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_t0RoEzhLqQ.html

@TruLibras Год назад

Thank you!! Very informative!

@ShaheedahHill Год назад

You are so welcome!

@bezzie7hegenius Год назад

You should get Rhonda Burgess on the show. You two women have taught me a lot.

@ShaheedahHill Год назад

Thanks for the suggestion, she can always reach out info@shaheedahhill.com. Thanks for watching.

@irene27206 Год назад

Thank you so much, as always. How do you choose the best lender?

@rashondadani Год назад

Your realtor usually can give you suggestions. If your in metro-Atlanta, I know a really good team

@ShaheedahHill Год назад

I have a video "how to choose a lender", there is a part 1 and part 2, those will be really helpful. They are in my Mortgage Options playlist. Thanks for watching

@irene27206 Год назад

@RaShonda Danielle thank you. No, I am not in Georgia.

@irene27206 Год назад

@Shaheedah Hill ok, will take a look at those videos

@marksyvette Год назад

Do you have any info on the Bank of America loan? Pros and cons ? Would love to hear your take. Thank you! Love your channel

@ShaheedahHill Год назад

I have a few Bank of America grant videos. I also did a live about the program specifically for black and Hispanic communities. Thanks for warning

@shannonhargis3445 28 дней назад

That’s discrimination someone should sue them and we wonder why racism exists

@draconian45 Год назад

Thanks for the explanation. Very helpful in making my decision. My score is 790 and I think I'll just go with conventional loan.

@ShaheedahHill Год назад

Thanks for watching!

@laurenl.dennis Год назад

Thanks, Shaheedah! Great info! I was told once that if you pay down your home by 20% or if your home reaches 20% in equity PMI goes away? Is that not the case? This is in relation to you saying the PMI stays for the life of the loan

@ShaheedahHill Год назад

That is not the case with FHA loans, that is the case with Conventional loans. Thanks for watching!

@Bibleguy89-uu3nr Год назад

You would have to refinance to conventional loan after you reach 20%, and hope that rates are lower at that time.

@itzjdub282 Год назад

It was like that about 10 yrs ago

@eugenesmith3611 Год назад

Good afternoon

@ShaheedahHill Год назад

Thanks for watching!

@MrElnegrito88 Год назад

The way you explain it make me reconsider....I have the VA I wanted to use FHA to purchase my first house and then purchase another one with the VA in a couple of years. I think I am going with the VA first. What is your recommendation?

@ShaheedahHill Год назад

I would do VA first, VA is no down payment and no mortgage insurance. You can build an investment portfolio with VA - watch this live, he explains it here - ru-vid.comcCS34CQZwnQ?feature=share

@Nunyya12345 Год назад

Hi Mrs Hill, I paid off a collections account but it is still on 2 of my credit reports . Can I send a goodwill deletion letter ? Also , if you have any videos on how to write the letter I’d appreciate that as well !

@ShaheedahHill Год назад

In the description of this video are links to how to write the letter, in the future do not pay off unless they agree in writing to remove from your credit report. Thanks for watching. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4QU7g6IS7BQ.html

@johngeorgewashington1416 Год назад

I qualify for the VA w no funding fee and no PMI..I'm trying to look for a home ..but debating two family or single..

@seken2nun Год назад

How common is it in the state of Georgia for Lenders to pay the real estate fees (3%) at closing ?? Is that written in the purchase agreement??

@ShaheedahHill Год назад

Not common .. closing costs are typically your responsibility unless you get a seller credit or down payment assistance. If the lender gives you a credit towards closing it is usually in exchange for a higher interest rate. Thanks for watching

@ozcoleman5487 Год назад

Hello Shaheedah. Are there any programs available if you're not a first time home buyer?

@ShaheedahHill Год назад

For FHA you do not have to be a first time homebuyer. But in general, if you are trying to use a first time buyer program then most either want you to not own a home in the last 3 years or to not currently own a home, it really depends on the program.

@keithclark8030 Год назад

Hey Shaheedah (love your name). I was wondering where I could find the FHA, USDA and VA Underwriters Guidlines? I'm looking to become a loan officer, although there is a lot of information with guidelines, I felt it is very important to learn as much as possible. Yes, I have been looking online, but not sure what is what.

@ShaheedahHill Год назад

Hey Keith, I would go to each of the government sites for USDA, VA and FHA for the guidelines. Then for Conventional look at Fannie and Freddie Mac for guidelines. Here is the link for USDA - eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Best of luck on your new career! Reach out to mortgage lenders at your local bank and credit union they may be able to help you as well.

@keithclark8030 Год назад

@@ShaheedahHill thank you, I will. Trying to figure out how to take my mortgage loan officer exam. I think I would like to get that done first. I appreciate you replying back.

@ladyace9724 Год назад

Hello, do you have a video on already a home buyer but ready to purchase another home. Because, things may have changed since I purchased my home in 2003. Thanks

@ShaheedahHill Год назад

I did this during the pandemic but it will be a good start - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ueFkWkkDP90.html

@marta7089 Год назад

You have to pay mortgage insurance with all loan if a down payment less then 20 %

@ShaheedahHill Год назад

Thanks for watching!

@Back4WhatsMines Год назад

🔥👍🏾

@ShaheedahHill Год назад

Thanks for watching!

@jchristopherh5675 Год назад

Thank you im in battle to raise credit score 606

@ShaheedahHill Год назад

Watch this video it should help ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-4QU7g6IS7BQ.html

@jchristopherh5675 Год назад

@@ShaheedahHill ty i just mailed out 11 letters to dispute request removal of late payments after calling and getting rejected i want to do the live in investor with a family living in vegas working in la ill be relying on your videos chat up ty ❤️ oh yea this video is what i followed to get copy calls letter im on a mission 😉

@jhonbrito6343 Год назад

Can use down payment asisten with 3% conventional loan I’m in Connecticut.

@ShaheedahHill Год назад

Possibly, ask the lender to see if they have any DPA programs they work with to cover closing costs. If not you may need to find a seller willing to cover some of not all of your closing costs. Thanks for watching

@johngeorgewashington1416 Год назад

I'm concerned about debt to income..and how important this is ..I may take out a personal loan to not spend my savings..but if it hurts my debt to income too much I may just use my savings..

@ShaheedahHill Год назад

DTI ratio is very important, I wouldn't take out a personal loan when you are trying to buy a home. Here is a video on VA loans and a video on calculating your DTI ratio ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-S3glBuf2fRw.html VA - ru-vid.comcCS34CQZwnQ?feature=share

@fikrteghebrehiwet5066 Год назад

❤

@laladeylaya6738 Год назад

my friends daughter could not buy house with FHA in this market too many cash and conventional she never got one acceptance ..help her improve her score and went to conventional...just the times we live in..sellers ( some home owners some investors but all are greed AF) are greedy and have choices..so FHA not really gonna work today

@ShaheedahHill Год назад

In Georgia the market has shifted to be a little more balanced and they are accepting FHA offers more readily since fewer homes have multiple offers. Thanks for sharing and watching.

@mamba00 Год назад

Crazy how more than half of the world is considered "rural" yet when you inquire somehow "there, here, etc is not a rural area" 🤷🤔

@ShaheedahHill Год назад

You can use the USDA map to see what is considered Rural, I have 3 USDA videos in my Mortgage Options Playlist - ru-vid.com/group/PL6YdU_zvybVli4gCUXphAIN6yv2Xu7_Zf

@sergestrada2 Год назад

Hi Shaheedah. I just purchased a condo and will need a copy of my warranty deed for a abatement that I qualified for. They are giving me 30 days to show them that. Is that more than enough time To get this done?

@ShaheedahHill Год назад

Depending on your city/state it may be, ask your closing attorney or title company how long it typically takes for you deed to be recorded. Thanks for watching!

@itzjdub282 Год назад

You can no longer have the PPI removed. That sucks

@ShaheedahHill Год назад

Thanks for watching!

@jasonbailey3292 Год назад

Hello, I’m in a housing program that pays 10 down for home ownership. They told me that FHA doesn’t cover trailer park homes. How can you get a bank approval because I love those types of homes.

@ShaheedahHill Год назад

Mobile homes not permantly affixed to the land are not considered real property and will not work for most mortgages, so if you want to use the program you will need to look at more traditional housing options. Thanks for watching!

@Embelemokua Год назад

<a href="#" class="seekto" data-time="188">3:08</a>💯

@ShaheedahHill Год назад

Thanks for watching.

@Embelemokua Год назад

Thank you love ♥️🌹😘

@juniorbeltran751 Год назад

Thank you for this information this my first time I’m going tu buy I was confused about fha n convencional I have a good credit score n I can pay 3% loan of 300.000 please answer my cuestión is a good opción to buy point interest to get lower monthly payments thank you so much .

@ShaheedahHill Год назад

It depends, here is my Points video - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-a2T0a-0gzsw.html Here is my rate buy down video - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ljMrubYfZQo.html

@STXRZZ8226 Год назад

I’m Shahida john same name with different spelling .good to see

@ShaheedahHill Год назад

Hi Shahida! Cool....I'm sure you are amazing 😎

@dieuvelthomas1223 Год назад

Hi I would like to know if I can get a pre-approval without a credit check

@ShaheedahHill Год назад

Most lenders will pull your credit, some will just do a soft credit pull - ask ahead of time. If you are worried about the impact to your score, watch this video - ru-vid.comJ_SlmyUcjvU?feature=share. There are also some lender that may manually underwrite you if you do not have a credit score, all you need to do is ask for manual underwriting. Thanks for watching.

@GerryBlevins Год назад

I’m not sure if it applies to FHA loans too but mortgage insurance requirements can be met by simply taking out a life insurance policy for the value of the loan and designating the bank as a beneficiary. You’ll save money doing it that way.

@ShaheedahHill Год назад

Thanks for watching!

@user-hi9eh4jm2t 8 месяцев назад

How about getting the home reassessed to see if I have at least 20% in equity in the home in order to get rid of the P&I? Would you recommend that or would it lead to other problems?

@ShaheedahHill 8 месяцев назад

You will the not be able to get rid of mortgage insurance for FHA loans even if you have 20% equity. This video explains - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-M-VnXMwTPMI.html

@user-hi9eh4jm2t 8 месяцев назад

@@ShaheedahHill Thank you for helping me all these yrs. From saving up for my down payment in 2019, buying a multifamily in 2021, and trying to get rid of my P&I today. 🙏🏾 have a nice weekend

@claudettealexander5204 Месяц назад

Mrs Hill, I was trying to see if I could access any available grant to help me out but my lender told me not to as that would increase the interest rate of the loan. What is your take on this? Thanks for your reply.

@ShaheedahHill Месяц назад

It really depends on the grant program, watch my Down Payment Assistant program playlist. I speak on this in some of those video. The rate may be higher with some programs so you have to weigh that against how much money they are giving you. Thanks for watching.