Starting over, how this Single Mom Bought Her First Home on One Income скачать в хорошем качестве

Starting over, how this Single Mom Bought Her First Home on One Income

Single Black women are one of the fastest‑growing homebuyer groups. This is how one mom did it on one income. In this episode, we break down exactly how it happened — step by step, with real numbers. If you’re a first-time home buyer, renting, or starting over after a breakup or divorce, this is your roadmap. In Episode 1 of the Buy Back Your Life Podcast, Tara sits down with Shannon, a single mom of two, who bought a home on 1 income using an FHA loan with just 3.5% down. Together, they compare renting vs buying unpack credit scores, interest rates, and lender “games,” and show you what it actually takes to qualify for a mortgage as a first-time homebuyer. You’ll learn: • How a single mom qualified for an FHA loan with 3.5% down • FHA loan benefits and basic requirements in plain English • What lenders really look at: credit score, debt, and income • Renting vs owning: where your money actually goes every month • How to compare interest rates and loan offers the smart way • Common mistakes first-time home buyers make when they feel rushed or desperate • How to ask better questions so you don’t get taken advantage of This episode is for you if: • You’re a first-time home buyer and feel like the market is stacked against you • You’re a single mom or recently single, trying to buy a home on one income • You’re tired of funding your landlord’s retirement and want to build wealth • You’ve heard about FHA loans but don’t understand how they really work About your host: I’m Tara Tillman, Real Estate Broker with 20+ years of experience, licensed in NC, SC, GA, and PA. I went from writing on Grammy-nominated albums to building a real estate brokerage, and I’ve learned one thing: the process feels overwhelming when there's a lack of knowledge, and knowledge is power. You’ve rented your lifestyle long enough. It’s time to own your future. 👇 SUBSCRIBE to Buy Back Your Life for more episodes on: First-time homebuyer advice, single-mom home buying, buying a house on one income, FHA loan benefits, renting vs. owning, and real estate strategies that actually build wealth. ___________________ Chapters: 00:00 Why I Stopped Renting 00:29 Meet Shannon: A Single Mom Buying Her First Home Alone 01:08 The Home’s Features & Why It Felt Right 01:32 Why Buy Now? (Even With Higher Rates) 02:28 Fear of Buying Alone & Credit Score Anxiety 03:24 Applying for a Mortgage (What I Learned) 04:35 The Truth About Credit Pulls (Soft vs Hard) 05:44 Paying $2,200 in Rent — Time to Build Equity 06:28 Should You Apply with Multiple Lenders? 08:03 FHA Loans, 3.5% Down & Interest Rate Range 09:21 Pre-Approved for $350K — But Spending Less 10:37 The 30% Rule & Avoiding Being House Poor 11:07 Buying Down Points vs Keeping Cash 12:11 Lender Credits & Lower Closing Costs 12:52 How Many Homes I Actually Looked At 13:56 When the Right House “Waits” for You 14:35 Why This Porch Meant Everything 16:07 Sacrifices I Had to Make 18:21 Excitement, Fear & “Will I Regret This?” 19:29 Making the Offer & Negotiation Strategy 20:02 Reviewing the Contract Line by Line 21:00 Do You Really Need a Real Estate Agent? 22:30 The Inspection Issue (Water Line Problem) 23:37 My Advice If You Don’t Think You Can Buy 24:44 Final Thoughts: Buying Back Your Life _________________ #homeownership, #homebuyer education, #realestate education, #renting, #generational wealth #mortgage