You can buy multifamily rental property with just 3.5% down. That’s right. No more 20% down requirements; you can get into a cash-flowing property with just a fraction of a traditional down payment. Or, maybe you’re struggling with how to buy a house with today’s high down payment standard. Well, you can use this SAME method to get into a single-family home of your own. But you’ll need to know what it is and how it works.
If you’ve read this far into the description, you’ve probably guessed that we’re talking about…the FHA loan! That’s right; this time-tested, low-down-payment-required home loan can help you get into your first single-family or multifamily house hack for FAR less than you think. But what’s the catch? Before you get TOO excited, watch this ENTIRE video to know exactly what you need to get into this absolute steal of a home loan program.
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00:00 Intro 01:36 What is an FHA Loan? 03:01 Credit Score Requirements 04:12 Debt-to-Income (DTI) Requirements 05:00 What You CAN'T Do With an FHA Loan 08:39 The "Golden Handcuffs" 11:33 The "No PMI" Lie 12:49 The FHA Wrap-Up 14:15 Connect with Christian and David!
