WHAT IS AN FHA LOAN?
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- čas přidán 5. 07. 2024
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Have you been wondering what is an FHA Loan? In today's video, Kelly Zitlow explains FHA Loans in-depth and breaks down what you need to know about FHA Loans. From FHA Loan credit scores to whether FHA Loans are good for first-time home buyers!
The topics we will cover are:
✅ What are some of the pros and cons of FHA Loans?
✅ Who can apply for an FHA Loan?
✅ Credit scores for an FHA Loan.
✅ Loan requirements for an FHA Loan.
✅ How FHA Loans differ from conventional loans?
✅ How to apply for an FHA Loan?
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KELLY ZITLOW, NMLS 164330
Sr. Mortgage Advisor
EVP, Sales & Marketing
KellyZitlowGroup@houseloan.com
www.kellyzitlowgroup.com
480.725.0150
Kelly Zitlow is a Public Speaker, Sr. Mortgage Advisor & EVP of Sales & Marketing with Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. All information presented is for educational purposes only and is used to help you as the viewer in your home buying or selling process.
Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. Cornerstone Capital Bank, SSB. Member FDIC. NMLS ID# 2258 | Equal Housing Lender 14635 | N Kierland Blvd Ste 140, Scottsdale, AZ 85254
#FHALoans #FHA #FHALoanAdvice
Thanks for this video!
You're welcome! Thanks for watching!
I'm having this problem need to figure out how to undisputed There is one item disputed for $12,072. This would have to be undisputed and allow me to repull credit.
Amazing information thank you
Thank you for watching and commenting! Glad you found this helpful!
Thank you 🙏🏼
You're welcome! Thank you for watching!
Thank You :)
Thanks for watching!
Hello, great info! Can you buy any type of property with an FHA loan? How do I know the amount of the loan I can qualify for?
Hi there! FHA allows most property types such as condo, townhouse, manufactured homes, and single family.
To know what you could be qualified for, schedule a call with us here: ☎️bit.ly/3wERfRV and we will go over those specifics :)
Whats the all in interest rate on FHA loans these days? A range would be helpful.
You bet! Current FHA (non-down payment assistance) interest rates are trending 7.25% - 7.75% depending on credit score and buydown points. We’re happy to schedule a call to discuss numbers further and your particular financing needs bit.ly/3wERfRV. Keep in mind interest rates to fluctuate and this comment is going to live forever so for an accurate interest rate number feel free to -call/text our Homeloan Hotline 480-725-0150.
Do I need to be a primary residence that property? If you have another property a side from that
FHA home loans require one of the borrowers occupy the home as their primary residence for the first 12 months of ownership.
We own our home and are considering renting our primary home, using the equity to purchase a second home. What is your opinion please.
Great question! I believe keeping your current home and renting it out is a great way to build wealth, but everyone’s financial position is different. We’d be happy to chat through your situation and give guidance based on your personal goals and overall financial picture. Feel free to schedule a consultation with us here: bit.ly/3wERfRV or you can call/text our Homeloan Hotline at 480.725.0150. We look forward to speaking with you!
Does FHA ensure that all manufactured homes comply with the Federal Construction and Safety Standards?
Manufactured homes are regulated under the rules known as the Federal Manufactured Construction and safety standards. These homes must be labeled accordingly.
Below is a link to the standards referenced.
www.federalregister.gov/documents/2021/01/12/2020-28227/manufactured-home-construction-and-safety-standards
@@MortgageHowDoI I know that the Federal Housing Administration (FHA) shall enforce the Federal Manufactured construction and Safety Standards Act
I emailed evidence (pictures)of noncompliance manufactured homes being offered for sale at retailers lots
FEDERAL MANUFACTURED HOME CONSTRUCTION AND SAFETY STANDARDS ACT SECTION 24 CFR 3280.304. I went to three different states and every Retailer lots. I was unable to find a new manufactured home that Complies to the Requirements
Section 42 U.S. Code 5409 a noncompliance Manufactured Home shall not be offered for sale.
Till me who is doing their job making sure new manufactured home comply to the Federal Standards. It sure isn’t the in-line inspector.
Who is overseeing the inspector and enforcing the Federal Standards. It’s not the MHD Census Committee and Secretary of Housing and Urban Development ( HUD)
Not enforcing the Federal Safety Standards Act.
It a consumer (me) that finds the noncompliance homes.Every Agency State (Texas) and the Federal Agencies are violating the Federal Safety Standards Act and NOT Protecting the consumer.
That’s a GOD GIVEN FACT
Can you buy land with this?
Great question! FHA financing only applies to Single-Family Residences, Planned Unit Developments, Townhouses, Condos, and Manufactured Homes. We recommend reaching out to your local bank or credit union for land financing.
Fha ar mening ki
Thanks for watching and commenting!
If you need an fha loan, you can’t afford tbd house. They are an awful product.
Thank you for watching and commenting!
Correct. When they say “goverment” backstops the loan they mean you.
Why is she speaking off screen? That's so awkward and disturbing. Might be ok in a movie (not really), but for CZcams. I couldn't finish watching it. Bet the info was good, but the delivery....
Thanks for watching and commenting!
I have no issue with the delivery. Great info
Time to take your meds.
You sound like a tweaker
@@tOnySi 😅😅
FHA is only for people w bad credit, high debt AND no money. Maybe you shouldn’t be buying a house and people shouldn’t lend you money with the taxpayer on the hook.
FHA helps all different types of people. 😀 Thanks for watching and leaving a comment.