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

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

Title	:	The TRUTH About FHA Loans \| FHA Loans 2024 \| FHA Loan Requirements
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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
Comment from : @norastocks5510

Thank you for sharing One of the best and easy way to understand FHA loan
Comment from : @xavierlor4806

Thank you sister, so much awesome information here!
Comment from : @paulagaff

FHA offers have Prejudice against offers once seen as a FHA offer on a house can be automatic declined and seen as a risky buyers
Comment from : @paperroses7615

Successsprinccess❤
Comment from : @sandorvarga7437

Do you need to qualify for HomeReady to get a 3 downpayment with conventional? I thought this was the minimum down payment for conventional loans in general
Comment from : @lcps6805

Hi! You mentioned linking three websites to help us understand the rates in our area for both FHA and conventional I'm having trouble finding those in the description If you see this comment, could you let me know which websites those were? Thanks so much
Comment from : @lcps6805

Hi thank you for this video It’s great that you share this knowledge with everyone May God bless you Also, I don’t see the three websites that you mentioned Can you please share those with? Thank you
Comment from : @dorigimenez4190

When looking for a new MANUFACTURED HOMEbrbrDo a close up inspection of the EXTERIOR MATING SURFACESbrTO ENSURE EVERY MATING SURFACES ARE SEALED WITH SEALANT brbrAS REQUIRED PER SECTION 24 CFR 3280307 RESISTANCE TO ELEMENTS AND USEbrbrALL EXTERIOR MATING SURFACES SHALL BE SEALED WITH SEALANT TO RESIST THE INFILTRATION OF AIR, WIND, RAIN, SNOW, WATER, AND RODENTSbrbrSECTION 42 US Code 5409 A NONCOMPLIANCE MANUFACTURED HOME SHALL NOT BE OFFERED FOR SALE, LEASE, SOLD, OR LEASED😮brbrTEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS MANUFACTURED HOUSING DIVISION brbrWILL NOT ENFORCE TEXAS OCCUPATION CODE 1201 MANUFACTURED HOUSINGbrbrNOR WILL THEY ENFORCE SECTION 42 US Code 5422brbrTEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS WILL ISSUE A STATEMENT OF OWNERSHIP WITHOUT THE HUD 55015 FORM (WARRANTY FOR NEW MANUFACTURED HOME), AND WITHOUT THE MHD 1124 FORMSbr(MANUFACTURED HOME INSTALLATION WARRANTY AND DISCLOSURE) DOCUMENTbrbrTHE FEDERAL HOUSING ADMINISTRATION DOES NOT ENFORCE THE FEDERAL MANUFACTURED HOME CONSTRUCTION AND SAFETY STANDARDS ACTbrbrBEWARE WHEN BUYING A NEW MANUFACTURED HOMEbrbr☎️ HUD OFFICE OF MANUFACTURED HOUSING 1-800-927-2891brWhen I call and leave a voicemail no one will respondbrbrHUD WILL NOT RESPOND TO ANY MESSAGE CALL ☎️ 1-800-669-9777brbrHere are some of the Federal Regulations Codesbrbr42 US Code Chapter 70br24 CFR PART 3280br24CFR PART 3282br24 CFR PART 3285br24 CFR PART 3286brbrPROTECT YOURSELF FROM THE CORRUPT AGENCIES AND READ ALL THE CODES LISTED
Comment from : @karlguntherfragstein4225

its all lies ive tried it !!!
Comment from : @rickybearden4575

I got pre approved for a fha and conventional loan was at closing credit score good at the last minute they told me I didn't have a line of credit in my name and denied my loan I had car payments I was making and paid it off in 2020 shows current on my credit reports why they didn't use that
Comment from : @warrenross56

I don't see the links for three websites to check on interest rates as described in the video
Comment from : @trav4u-58

Thank you so much so informative ❤
Comment from : @mystiquepickett6659

The last point I didn’t get itbrWhy the seller care about the buyer lender???!!!brThe seller money get deposited in his account regardless!!!!!!
Comment from : @Coxrmz

Omg thank you so much for your advice!!! It's kinda scared going through this journey alone!
Comment from : @ritaandleo

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 ❤
Comment from : @Karlizfranco

Thank you for helping people ❤
Comment from : @JorgePerez-sg9di

Who is FHA even for? People with no money and bad credit and tons of debt? If you have all those things you shouldn’t be able to buy a house
Comment from : @RM-jb2bv

Mrs Hill,brI 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 brWhat is your take on this?brThanks for your reply
Comment from : @claudettealexander5204

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
Comment from : @The_Dancelegz_Experience

are you available for lake county indiana?
Comment from : @vivianmixon5662

I am on FHA and you are right on target 🙏
Comment from : @superrando837

Thank you
Comment from : @moreleodougbe5453

So if i used my land as a down-payment and my land appraised for way more than 10 is the PMI still for the life of the loan?
Comment from : @khadijahdavis1572

When I got my FHA loan my house was going to be inspected and she checked off the list from her car I got screwed leaking roof, pipes
Comment from : @kfergus3662

This is not true, you dont have to pay pmi for the life of the loan!
Comment from : @NuTzNJ

Udsa loan
Comment from : @justjenny1255

I just wanna say you’re absolutely gorgeous
Comment from : @A_Modern_Wizard

Thank you so much u make it so easy to understand😊
Comment from : @Tcam-j4f

I learn so much from watching your videos! I am in the process of preparing to be a first time buyer Thank you <3 for sharing your knowledge
Comment from : @nikkikibbe

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?brbrWould you recommend that or would it lead to other problems?
Comment from : @JOHN327

Hi Sheridan is it any way I can talk to you I need to talk to somebody that can help I’m crying out to you I need help please my maiden name is hill
Comment from : @sonyathompson1381

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
Comment from : @Alessandro1983

What's the conventional loan? Is that a loan through a private lender such as Wells Fargo, Bank of America, etc?
Comment from : @JD-kf2ki

This lady is spot on I'm a new subscriber love your channel
Comment from : @concealdontfeel0

Thanks very much for the information!🎉
Comment from : @cozymelodiccorner

👸whew! chiiiile u dropping gems 💎💎💎!!!👏👏👏
Comment from : @queensun6059

But as I understand it a lot of houses don't pass inspections with a FHA loan what's up with that?
Comment from : @kathiejohns1418

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!
Comment from : @Sincerely_Tiffany

Hello Shaheedah Are there any programs available if you're not a first time home buyer?
Comment from : @ozcoleman5487

MIP is killing me, I was not told of this by my lender so I'm screwed, didn't not put 10 down so it's for life, my question is, does FHA pocket this money?
Comment from : @timthomas1168

Hello I have a question For example a couple want to buy a house But the husband is working and earning 100k in a year that’s with out tax With a credit score 700 But the wife is a full time mom of two Can the the husband be approved for FHA even if the wife doesn’t have a job?
Comment from : @Rohroh59

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 😊
Comment from : @germainesanders768

Can you get a loan for a mobile home, and out of state?
Comment from : @opalcruse59

You are beautiful
Comment from : @timmartin4798

Hi I would like to know if I can get a pre-approval without a credit check
Comment from : @dieuvelthomas1223

Thank you for the helpful information
Comment from : @reddrum9716

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 toughbecause there are not many people accepting FHA Its frustrating 😢
Comment from : @cuteusagi

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
Comment from : @ladyace9724

🔥 Love your video content!
Comment from : @thehomehunter

I'm a over the road truck driver and have nor had a apartment for over a year will I qualify for fha or a loan
Comment from : @Unknown-cfs

Great video
Comment from : @Visiontu

Hello, I have a question and I am a first time home buyer I wanted to know if FHA loan requires a co-signer? Thank you
Comment from : @rnlpnnclexandtestpreparati5253

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
Comment from : @GerryBlevins

20 years ago, I got a 25 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
Comment from : @paulstandaert5709

Thank you for sharing such good information
Comment from : @jenicepye2997

Thank you💖
Comment from : @LibraLife47

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
Comment from : @feecunn8845

So if I get an fha loan, and pay off the mortgage in like 7 years do I get penalized since the lender are losing on interest?
Comment from : @Cummata

Very helpful! I don’t know why I came across this video but so glad I did
Comment from : @kayp9318

Thank you so much! This is right on time! 🙏🏽❤️
Comment from : @candaceaku746

Ok does the fha pmi disappear if I refinance into a conventional loan
Comment from : @Dev2088-e3j

Thank you
Comment from : @user-ut4zw6so6o

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
Comment from : @jennyhwang3260

Refinance FHA would work to get you out of a JAM but buying a house with a FHA loan? The answer is no because that show you are not ready Improve your credit b/c FHA loan will eating you alive in costs (I would not give my worst enemy a FHA loan for his purchase)
Comment from : @subprime2006

FHA is the true subprime for the poor people Californians have a new option 20 down payment assistance from the state of California All you need to worry is the monthly on the 1st home loan (80 LTV with bank/lender) I would give this loan program to my own mother b/c it is the best loan program in the industry in 25 years (the 20 is a silent 2nd home loan with no monthly payment or interest)
Comment from : @subprime2006

hey make some new videos
Comment from : @marvinwilliamson3496

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 300000 please answer my cuestión is a good opción to buy point interest to get lower monthly payments thank you so much
Comment from : @juniorbeltran751

PMI GOES STRAIGHT TO SOMEONES POCKETS
Comment from : @CB2024

How I will contact you?
Comment from : @eras4183

Question: I am paying large principal payments and bringing my FHA loan balance down quickly I thought as my balance rapidly decreases that my MIP would also decrease However, my lender told me that nojust because I am bringing the balance down the MIP only decreases once a yearand that the decrease amount is based on the original amortization schedule and the corresponding year that I have had the loan For example, due to my extra principal payments I am technically in year number 20 of my loan which would generate a lower MIP But I have had the loan for 7 years The mortgage company is charging me PMI in the amount of what it would be for year 7 on my amortization schedule Even though looking at my balance I am in year 20 Is this really the law as the mortgage company is stating?
Comment from : @YoutubeFabLifeOfJan1

Thank you im in battle to raise credit score 606
Comment from : @jchristopherh5675

I qualify for the VA w no funding fee and no PMII'm trying to look for a home but debating two family or single
Comment from : @johngeorgewashington1416

I'm concerned about debt to incomeand how important this is I may take out a personal loan to not spend my savingsbut if it hurts my debt to income too much I may just use my savings
Comment from : @johngeorgewashington1416

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 conventionaljust the times we live insellers ( some home owners some investors but all are greed AF) are greedy and have choicesso FHA not really gonna work today
Comment from : @laladeylaya6738

Thank you!! ❤ truly appreciate you sharing your knowledge ❤
Comment from : @KawfeeBean

Thank you for your valuable information concerning the financial situation all the way around please keep us informed Blessings to you❤❤😊😊
Comment from : @junemerritt1517

You should get Rhonda Burgess on the show You two women have taught me a lot
Comment from : @bezzie7hegenius

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!
Comment from : @cjwright698

Thanks for the great information
Comment from : @robinabuchanan4200

thank you so much lovelykeep the videos coming 🙌🏾
Comment from : @indigobeauty1

But I thought even for conventional loans if you don't put down 20 Percent you would still have to pay mortgage insurance?
Comment from : @jerselicious

The place I’m working with said my credit was to low well it was due to some debt I paid it off now they want to do a credit re score Do you have a video for that ?
Comment from : @Goodvibez223

Can you refi an FHA loan in 5 yrs and drop the mortgage insurance And switch to a conventional loan? Or will you still need to carry that mortgage insurance for the life of the loan
Comment from : @peteg7446

I got an FHA my minimum down payment is $8400 but at closing I need another $15k for loan fees and insurance, etc… outrageous
Comment from : @prelovedbyjojo8384

So I was pre approved for a loan I want to purchase the duplex I’m staying in now would a USDA loan be appropriate
Comment from : @swindlesquad0215

🔥👍🏾
Comment from : @Back4WhatsMines

You can no longer have the PPI removed That sucks
Comment from : @itzjdub282

Thank you Shaheeda 🙌🏽🧡🌿
Comment from : @LAND_Academics

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 💕🏡
Comment from : @Sashologist