If you're thinking about applying for an FHA loan in 2023, you're in the right place. In this video, I'm breaking down all the new FHA loan requirements you need to know about. From credit scores to debt-to-income ratios, I've got you covered. So if you're planning to buy a home in the next year, make sure you watch this video to get all the details on what it takes to qualify for an FHA loan.
TIMETAGS 0:00 NEW 2023 FHA Loan Requirements: Everything You Need To Know 0:27 FHA Highlights 2:12 Quick Pros/ Cons 4:01 Big Changes 5:53 What is FHA? 7:54 Who is Kyle Seagraves? 8:24 Down Payment 9:06 Down Payment Assistance 11:46 Closing Costs 12:33 Loan Estimate Walkthrough 15:21 Proof of Funds 19:34 Seller Credits 21:38 Home & Money 21:53 Credit Score 25:37 ScoreMaster 26:09 Big Lender Problem 26:22 Overlays 27:29 Credit Events 29:09 Biden's Admin CAIVRS wipe 30:04 Credit Events 30:55 FHA Rates 32:54 Mortgage Insurance 35:53 Property Requirements 38:23 Condos 41:02 House Hacking 44:25 Property Condition 47:42 Appraisal Highlights 51:58 Example Homes 54:59 Loan Limits 57:09 Income & Affordability 1:03:47 Co-Signers & Co-Borrowers 1:06:43 Max Purchase Price Calculator 1:08:12 FHA vs. other loans 1:10:06 Student Loans 1:11:34 IDR Allowed 1:13:14 Student Loan IDR Help 1:13:49 Automated and Manual Underwriting 1:20:41 Special Requirements 1:21:45 Refinancing 1:23:21 Rehab Options 1:23:54 FHA Bridge Strategy 1:25:45 Success Rate & Seller Perception 1:26:31 Clip from Javier Vidana 1:28:55 Make Your FHA Offer Stand out 1:30:31 How to get one
— DISCLAIMER — Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed in all 50 states with the Dan Frio Team at Allied First Bank (NMLS 203463), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. Allied First Bank is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency.
