FHA 203K LOAN Requirements 2023 *Full Breakdown*
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- čas přidán 8. 07. 2024
- Fha 203& loan requirements 2023
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Thanks for watching!!
Man this was so impactful buying a 4plex offmarket no buyers agent with fha 203k just linked up everybody Lender, Hud Consultant and my 2 General contractors my due diligence ends feb17th and closing is March31st 🙏
Hey JWalk congrats, are you able to send your lenders info?
Wow..congratulations
THANK YOU!
THANK YOU!!
THANK YOU!!!
How’d it go!
That's a blessing. If you can need lender info. Need someone who is well knowledgeable of program. And Good Hud consultant.
This video may have just solidified my decision as a first time homebuyer to do a 203K Loan. We have very limited amount of multifamilies in my area but a wealth of fixer uppers. Thank you for breaking this down very simple and easy to digest
Appreciate your thoroughness.
Thanks for this! I learned SO much in 45 minutes that I’ve been researching for months!!
Thank you for the information!
I think you may ne the first person on CZcams that SIMPLY explained this with CLEAR information slides to easily screenshot. Thank you !!!!
These other CZcamsrs too busy trying to be cute and seen and leave out information 🤍
Ty i appreciate you
Matt this is amazing information. Thank you!
Excellent explanation. Very easy to digest. Thank you!
What a wealth of information presented. I have recently started my search for a home that can meet the needs of my disabled son who requires 24/7 care. All of the homes that I have seen thus far will require significant modifications, extending doorways, removing walls and modifying a standard bathroom into an open shower. After watching this video, I have come to the realization that I would be better off purchasing a multi-family property in need of rehab and utilize the FHA 203K Standard Loan to have all the necessary environmental modifications to provide for his lifelong needs.
Thanks MG, for sharing.
Thank you for the insight on the FHA 203K loan and process
Much blessings on the info 🙏🏾🙏🏾🙏🏾 extremely helpful
Great Class!
Thanks! I needed this!
Great information! Thanks for sharing!
Major information!! Gems on gems. Love Matt!!!
Incredible information. Thank you
This was awesome and well presented.
Thank you for this video!!!
This was very informative, thank you!
This is great education. I wish I knew this man last year before I walked away from my property. I’m here now. Much appreciated.
Official gem dropper. Thank you!
Thank you for this information! You are extremely knowledge. Thank you for taking the time out to break everything down in a way we all can understand
Fantastic! This was well executed. Thank you so much for using your valuable time to help others
God bless you.
Well done ❤ thank you. 💎
Lot's of gems here. Didn't know about the mixed use buildings.
Man love the info. May God bring many blessings to you and family
Im just now learning about 203K home loans. OMG this is what I been looking for. Thanks for breaking this down. Its like a tutorial
Thank you for breaking this down and not using jargon words. Thank you. You make more sense than my real estate professors thank you❤
Great info bro thank you 🙏🏽🤜🏽🤛🏽💯
Thank you MG. YOU THE MAN
Finally, someone who can explain this in english! Thank you!!
Great Video!
Thank you so much. I am looking to buy a multi unit property and I was not aware of these type of loans. but I appreciate you sharing all this info. was very informational and helpful.
I've been studying this loan option for almost a year. This is the most valuable, detailed explanation I have learned ffrom. Mahalo!!!
Great info
This was awesome 😮
Beautifully executed!!As a realtor, here in the metro Detroit area. This loan can go really far! There’s a lot of multifamily and mix use properties, in the city of Detroit and surrounding areas. your video will definitely be the primary video that I send to my clients entertaining this option. Although you’re not license here in Michigan. Hopefully soon, I do have clients in the Florida and Texas region, that I will personally suggest you as their lender.
Do you know any lenders the detroit area?
Thanks!
Thanks for sharing this valuable information. I hope you mind, but I need to share this with my Buyers.
Please feel free to share.
Thank you 💯💯💯
I appreciate your videos and your explaining everything well thank you! Btw can you get any FHA loan with foreclosures??
Great information for FHA 203(k) Loans
Great overview of the 203k thank you
Thank you
Thank you! This was super helpful. Wish I'd seen it a few months ago! Any tips on how to find a good contractor and consultant??
GREAT VIDEO! How do the interest rates on a 203k loan compare to traditional FHA loans and do you have an option to buy down the interest rate?
Amazing!!!!
Hello Matthew, thank you for the gems you have shared.I'm interested in the 203k Standard but I noticed you do not cover AZ.Do you have and referrals for a good lender ?
do you think you can do episode on obtaining mortgage loan using housing choice voucher to pay mortgage payments?
Thank you Mg for all your videos I been learning and building my confidence. I know I want to use a fha loan. But there’s been a set back with my credit. Know I’m now trying to rebuild ..not giving up I want this generational wealth
@thecreditdude
This was an exceptional video, you have a new subscriber. I did not know about 203k until last week, we made an offer on a house and our loan officers and realtor are not too familiar with 203k loans, so I wanted to be very familiar myself. Your video was absolutely priceless, wish we knew about this type of loan at the beginning of our house shopping process but it is alright. Thanks again.
some of these are hard to get, i could refer a program i got easily
Thank you for sharing this. Your presentation was very informative. As a loan officer, I want to market the 203k loan idea for my clients in Virginia.
Thank God for you my Brother. This is no doubt great information for me to start the process of acquiring my first home as well as beginning the journey of becoming a real estate investor. Gratitude my peoples N Dat MF'N Order! ✊🏿🏁
Excellent video. I don't think my situation would ever make me eligible for this type of loan but I still listened in its entirety because it was good information and well presented.
Great picture of what the 203K Loan is all about. And, much of what you revealed in this presentation can be applied to other application processes. Much appreciated MG! Continued Blessings to you, your family, and your team.
So what if you don’t have any comps in the area if zone allow you to change a duplex into a quad?
This video was very informative thank you
some of these are hard to get, i could refer a program i got easily
Can this apply towards the construction of an ADU? I'm considering buying a 4 unit where I'm renting out 3 of the units while living in one plus building and accessory dwelling unit attached to the property.
Appreciate all this info. Just a quick question can I use my LLC for this type of loan?
Well done
Omg this was so informative! I never considered a rehab home because I assumed they were mainly for investors to fix and flip. I'm now thinking it's a great option as a primary residence. From one 🗽🍎 to another, thank you 🙏🏽❤
Wish I saw this a year ago but great information!
Very useful information. One thing I can add is the Bank will scrutinize whatever contractor you are trying to use. They will even ask for contractors bank statements. A lot of contractors wont get involved in these type of loans because they essentially have to get financially scrutinized and approved by the bank. They also need a lot of money in their bank account.
When do you plan on being licensed in Ohio? Great Video! Thank you for the thorough details about the FHA 203K loan!
Can I use a 203 Standard for mobile home? Placement of perc test, septic tank, etc?
This video was very informative. I will share it with my grown children. So they don't make the same mistake there father and I did.
💎💎💎 great video. I plan to work with you in 2023. I appreciate you sharing the knowledge.
Where’s all the links you spoken about? Thank you
The feasibility inspection report or SOR was 1000.00 it is 16 pages didn't know the 3-6 months payments had to be on it thanks.
Thankyou for being real bought my triplex VA loan last year currently under contract on a 4 plex under a fha 203k standard no buyers agent 90 day close its hard and the fha self sufficiency test is hard to beat without finding a ugly duckling.
Thanks for the great videos, I have a question that you or someone here can hopefully help me with. My grandfather has a property paid off in Miami, he wants to go back home and wants to take over the property. It needs a lot of work, pretty much would have to demo and rebuild, so the 203K loan would be perfect for this. If I aquire the property via a quitclaim deed, can I then get a 203k loan to do the repairs or does my grandfather need to sell it to me? My loan officer is not sure, so hopefully someone can help me out here. Thanks in advanced for your time and help. JP
Where is the card link for the rental income link and all the links to the other videos you mentioned?
Are these “rehabs” on Zillow? Where can we find these? I see houses that look abandoned with county signs and small writing you can’t read all over my town but no for sale signs.
I'm in Washington and wanted to know how I could get a 4 unit, live in one rent the rest, and this is a perfect strategy for buying below market value, and getting updated construction. Forced appreciation, this is it! I'd love to do this
Do you have any connections in the Detroit area
Great video. How do I find contractors that have experience with 203K in Atlanta area?
Such an amazing video. Thank you. Very impactful. Made me feel more comfortable with moving forward into the investment process.
Would you recommend doing an appraisal first to determine the potential equity you have in the property to determine the value for the principle loan plus the reno cost?
Also MANN APPRECIATE THE HELLA GEMS AND INFO SHARED IN THIS TUTORIAL!! WILL FOLLOW THIS TO THE T!!!!!!
My daughter is looking for a house and this info will benefit her greatly. Thank you for doing it.
You stated you're licensed in PA? Does this mean you have some consultants in that area as well or just for the realtor end?
As a first time home buyer is this the smarter route to go?
Is there a way I can schedule an appointment with you regarding loans?
Does mortgage lenders look to badly on Credit inquiries I have a 740 across all bureaus but at 2-3 inquiries for each. I had a thin Credit file and needed to catch up. Please let me know, and I thank You and I appreciate it.
Very informative 💪🏾💪🏾💪🏾👏🏾👏🏾👏🏾 The wife and I have been looking at a spot for a while but we both knew it was going to need some work. Great video. 203k I'm otw lol
Would a HUD Consultant be able to possibly link me with a contractor that they are familiar with?
The best decision❤️❤️❤️❤️❤️❤️❤️❤️👍
MG...my wife and I looking to do A FHA 203k loan..man..your video is on point!!
We would love to help you. Here's the link to apply. www.applywithmg.com/optin1663174580377
With the business bank account, you said direct deposit. Can this be a transfer into the account?
Excellent info, how do we go about contacting you for general contractor and hud consultant referrals in the NJ area?
take a look at our services too, we also accept projects in the NJ area
My question is If start a new bank account for my "Real Estate Funds" do I still have to show how this account is being funded ie: Job. Would my check stubs and W2 be enough verification., or will I have to provide the bank statements from the account in which my paychecks are being DD into? My concern is for NACA and having to write all the 'LOE" for my everyday purchases with my primary account.
What if you are receiving social security?
Iam a first time buyer, I love this
MG, I live in Texas. I'm looking to purchase a fourplex with 203K, and have questions your services. How do I contact you?
Please put this book on audible
For a regular primary home closing. Do I need a lawyer to close?
Can u please do heloc loans next please
If I'm still living in my primary home do I need to move out it first to be able to apply? or I can still apply if I'm looking to move in
a different city?
You can apply while living in ur primary if your intent is to relocate to that city but you’ll have to have a valid reason for relocation and prove you’re either able to work remotely or that you’re transferring facilities.
Hey, I need to get in touch with you. How is this possible? I only have YT and FB as social media platforms. I have some questions.
we have a 203k playlist, that may help you
Should I find the home first before applying for the loan? I worry to find the home and not be able to qualify for it.
Do you work in Illinois as well