NEW 1% Down Mortgage (No Mortgage Insurance) скачать в хорошем качестве

NEW 1% Down Mortgage (No Mortgage Insurance)

Are you a first time home buyer curious about the rocket mortgage 1% down or the uwm 1% down conventional loan? when buying a house? Are these mortgage loans for real? How are the 1% down loan requirements when buying a house? In this video, we discuss both the uwm and the rocket mortgage 1% down mortgage as well as the pros and cons of each to help you determine if either of these mortgage programs are right for you ⏩ NEW FHA Loan Requirements 2023 -    • How To Get A Mortgage To Buy A House   ✅ - Get a Referral to a Mortgage Lender or Realtor - http://www.jebsmith.net/referral 🏠 - First Time Home Buyer Course - http://www.becominghomewise.com 🎙- The Educated Home Buyer Podcast - Spotify - https://open.spotify.com/show/3Ho4sTO... Apple - https://podcasts.apple.com/us/podcast... Basic 1% Down Mortgage Guidelines: ✅Follow HomeReady and Home Possible guidelines ✅Total qualifying income cannot exceed 80% of the Area Median Income (https://ami-lookup-tool.fanniemae.com...) - one thing I wasn't clear on in the video is that some income can be left off in order to help you qualify so if you make more than the area median as a single person or combined, it may be possible to still qualify by disregarding that income. Talk to a lender. ✅3% down - BUT lender covers up to 2% of the 3% ✅NO First Time Buyer Requirement (If all buyers are FTB, homebuyer education required) ✅30 year fixed only ✅Minimum FICO - 620 ✅Non-Occupant Co-borrowers NOT allowed Guidelines Specific to UWM Conventional 1% Down ✅This program allows borrowers to make a down payment of 1% and UWM will contribute an additional 2%, up to $4,000, for a total of 3% down. ✅MAX $200k purchase with 1% down. ✅The maximum loan amount is $726,200. ✅25% MI coverage required (standard 3% down requires 35% coverage) ✅No 2-4 Units Guidelines Specific To Rocket ONE+ ✅This program also allows borrowers to make a down payment of 1% and Rocket will cover the remaining 2%. ✅Borrowers must have a minimum credit score of 620 and a debt-to-income ratio of 50% or less. ✅Max LTV of 95.01% - You can put up to 3% Down of your own money ✅The maximum loan amount is $350,000 ✅Mortgage Insurance paid for by Rocket - Not borrower Connect with me 👇 Jeb Smith (huntington beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty ➡I N S T A G R A M ➳   / jebsmith   ➡T I K T O K ➳ https://www.tiktok.com/mrjebsmith #housingmarket #housing #realestate