✅ - Work Directly with My Team - workwithourteam.net/FHA ⏩ FHA Income Requirements -ua-cam.com/video/C7DfwoJXAmg/v-deo.html ⏩ FHA Loan Requirements - ua-cam.com/video/CApGLR5u6j0/v-deo.html ⏩ How much can you afford with FHA? - ua-cam.com/video/Y28z5i1aBeY/v-deo.html ⏩Comparing Monthly Payments on FHA vs Conventional Loan - ua-cam.com/video/6N-mUJAKTak/v-deo.html
Few things to clarify: 1.) You can use an FHA multiple times, but the max number of FHA loans you can have outstanding are 2. 2.) FHA interest rates are lower than conventional, but when you include the mandatory FHA MIP for the life of the loan its typically a wash (if not worse) from a monthly payment perspective
I disagree on number two. You can always refinance out of that loan into another loan and get rid of the mortgage insurance, assuming you have the equity. That said the effective rate ( rate plus mortgage insurance) is typically lower on the FHA, especially with lower down payment allowing for a lower monthly payment. Because most people live in the Payment and not the price this ends up being more effective.
That is all a terrible idea. Making it easier for those to buy a home who should not be buying a home. Its simple math, why would you go into more debt if you are already in debt? Just because they'll let you borrow the money, doesn't mean you should. The big developers are lobbying for anything they can to make it easier to sell homes. They do not care if you cant afford it, puts you in any financial distress, or worse. This is not a good thing, its a cry from builders saying they are desperate. DONT BE A SUCKER PLEASE! Patience and getting your finances in order will help and your family much more then making an emotional decision because some realtor on UA-cam taught you something new. Home prices are going down, builders are offering incentives, its all out of desperation. Take this time to prepare yourself and family better financially, many are.
@JebSmith Reducing the requirements for people to borrow money they shouldn't? Correct, and I am sure you will find millions who say they wish they hadn't bought that house. If your credit score is below 600 and can't afford even a small down payment, your better off educating yourself on your finances then taking out more debt. "Honest dealings with your fellow man Jeb," only way to win this life.
@@JebSmith Then why are you and a bunch of other realtor/broker UA-camrs making videos about 2025 FHA loans? The headlines stating "NEW 2025 FHA LOANS" If the requirements did not change. Clickbait? Boasting about how low of a credit score you need and low of a downpayment you'll need, if they were the exact same in 2024? "You're math ain't mathin."
@@Mr.Moose_777 Keeping info from people and making a bad deal look good is how he and the rest of the industry makes money. Don't be too hard on him. If Jeb started talking about how much borrowers would actually pay for these loans by the end of the term he would be out of a job becasue nobody would choose buy a home. He has to hide the math or be forced to make a career change.
@@JebSmith yes, way too expensive. NYC area is just too greedy for money, if it wasn’t for work, I would have been long gone. You’d be lucky to find a house within 50 miles or so for less than 400k that didn’t need a complete reno
Been looking for homes . 365k in maricopa Az . I’m tired of paying 2k of rent in phoenix for 1 bed 1 bathroom. Just paid off my car but still own 20k on a credit card. Probably best bet is paying it off and then get a home to get approved? What would be at best?
talk to a mortgage pro sooner than later to see where you stand and let them help guide you. That way if there is something you need to work on, you have time to do it. It's all about the plan.
@@LifeWithKarisha Do not stretch yourself thin. I truly hope and pray you are financially secure enough to purchase a home, but do not feel you need to because of a UA-cam video. The housing market is depreciating in many areas, (regardless of what realtors) say. Do not hope for anything, that is an emotional view point which may hurt you and you family. Better off to do the math and be secure and prepared for a decision like this, even if that means waiting. Stick to the 25% rule of your mortgage should be no more then 25% of your net income each month. This may shock you on how little you can afford with these home prices at astronomical levels but you will not put you or your family in any financial distress. Jeb cares about commissions, sales numbers, and new loans generated, that is his job, his lively hood. Even if you do not purchase a home from him it benefits him because he can use the data of a new home buyer. There are many many people sitting preparing and biding their time. These home prices are coming down. Patience will prevail in this market. God bless.
Hi Jeb, recently stated following and I have a HUGE question you probably get a lot…. I’m a bartender and don’t plan on leaving the industry anytime soon, my question is, how can I go about an FHA loan as a service industry employee? 🙏🙏
I believe you can also write of depreciation and other things too. It's important to go to a highly rated tax pro. They can save you so much money if they're up to date on all the new rules and laws. It took me forever to find one but once I did I havent owed in years
depending on your tax bracket and your right article depend on how much you can write off on interest taxes. Make sure you talk to a tax professional and don’t listen to your mortgage lender.
✅ - Work Directly with My Team - workwithourteam.net/FHA
⏩ FHA Income Requirements -ua-cam.com/video/C7DfwoJXAmg/v-deo.html
⏩ FHA Loan Requirements - ua-cam.com/video/CApGLR5u6j0/v-deo.html
⏩ How much can you afford with FHA? - ua-cam.com/video/Y28z5i1aBeY/v-deo.html
⏩Comparing Monthly Payments on FHA vs Conventional Loan - ua-cam.com/video/6N-mUJAKTak/v-deo.html
These loan videos are awesome man!! God bless you. These are really helping me. Keep creating this kind of content my brother! 😊
Thank you sir.
Learner something had to give you the thumbs 👍
Appreciate you.............What did you learn? Just curious.
Thanks for the valuable information Jeb good stuff smashed the thumbs up 👍
Thanks 👍Mucho Gracias!
Great Video have been subscribed for the last 3 years, 2025 may be the year 🤞
You got this! Thanks for the support. 3 years? That's crazy!
Few things to clarify:
1.) You can use an FHA multiple times, but the max number of FHA loans you can have outstanding are 2.
2.) FHA interest rates are lower than conventional, but when you include the mandatory FHA MIP for the life of the loan its typically a wash (if not worse) from a monthly payment perspective
I disagree on number two. You can always refinance out of that loan into another loan and get rid of the mortgage insurance, assuming you have the equity. That said the effective rate ( rate plus mortgage insurance) is typically lower on the FHA, especially with lower down payment allowing for a lower monthly payment. Because most people live in the Payment and not the price this ends up being more effective.
Great video!
Thank You
That is all a terrible idea. Making it easier for those to buy a home who should not be buying a home. Its simple math, why would you go into more debt if you are already in debt? Just because they'll let you borrow the money, doesn't mean you should. The big developers are lobbying for anything they can to make it easier to sell homes. They do not care if you cant afford it, puts you in any financial distress, or worse. This is not a good thing, its a cry from builders saying they are desperate. DONT BE A SUCKER PLEASE! Patience and getting your finances in order will help and your family much more then making an emotional decision because some realtor on UA-cam taught you something new. Home prices are going down, builders are offering incentives, its all out of desperation. Take this time to prepare yourself and family better financially, many are.
It’s been working for 20+ years. This isn’t a new concept, this has been around for quite some time.
@JebSmith Reducing the requirements for people to borrow money they shouldn't? Correct, and I am sure you will find millions who say they wish they hadn't bought that house. If your credit score is below 600 and can't afford even a small down payment, your better off educating yourself on your finances then taking out more debt. "Honest dealings with your fellow man Jeb," only way to win this life.
they haven’t reduced the requirements. The requirements are exactly the same as they’ve always been.
@@JebSmith Then why are you and a bunch of other realtor/broker UA-camrs making videos about 2025 FHA loans? The headlines stating "NEW 2025 FHA LOANS" If the requirements did not change. Clickbait? Boasting about how low of a credit score you need and low of a downpayment you'll need, if they were the exact same in 2024? "You're math ain't mathin."
@@Mr.Moose_777 Keeping info from people and making a bad deal look good is how he and the rest of the industry makes money. Don't be too hard on him. If Jeb started talking about how much borrowers would actually pay for these loans by the end of the term he would be out of a job becasue nobody would choose buy a home. He has to hide the math or be forced to make a career change.
Great video
Thank You
Good information, just not in NYC area lol.
why? Too expensive?
@@JebSmith yes, way too expensive. NYC area is just too greedy for money, if it wasn’t for work, I would have been long gone. You’d be lucky to find a house within 50 miles or so for less than 400k that didn’t need a complete reno
The home has to pass a stringent inspection. The home has to be in pristine condition
@@ginahughes8605 that's actually not true.
Been looking for homes . 365k in maricopa Az . I’m tired of paying 2k of rent in phoenix for 1 bed 1 bathroom. Just paid off my car but still own 20k on a credit card. Probably best bet is paying it off and then get a home to get approved? What would be at best?
talk to a mortgage pro sooner than later to see where you stand and let them help guide you. That way if there is something you need to work on, you have time to do it. It's all about the plan.
Hi Jeb!! Another excellent video. We are hoping to make that move in 2025 🤞 🙏
You got this 💯
@@LifeWithKarisha Do not stretch yourself thin. I truly hope and pray you are financially secure enough to purchase a home, but do not feel you need to because of a UA-cam video. The housing market is depreciating in many areas, (regardless of what realtors) say. Do not hope for anything, that is an emotional view point which may hurt you and you family. Better off to do the math and be secure and prepared for a decision like this, even if that means waiting. Stick to the 25% rule of your mortgage should be no more then 25% of your net income each month. This may shock you on how little you can afford with these home prices at astronomical levels but you will not put you or your family in any financial distress. Jeb cares about commissions, sales numbers, and new loans generated, that is his job, his lively hood. Even if you do not purchase a home from him it benefits him because he can use the data of a new home buyer. There are many many people sitting preparing and biding their time. These home prices are coming down. Patience will prevail in this market. God bless.
thank you
You're welcome
what if you were self employed for one year and Then you became W2 for another year
burt in the same line of work
You might be okay, talk it over with a lender and let them help guide you.
Hi Jeb, recently stated following and I have a HUGE question you probably get a lot…. I’m a bartender and don’t plan on leaving the industry anytime soon, my question is, how can I go about an FHA loan as a service industry employee? 🙏🙏
You have to document your tips on your tax returns so that you can use it as income.
What about tax benefits? My lender said I can write off the interest and government will help out
I believe you can also write of depreciation and other things too. It's important to go to a highly rated tax pro. They can save you so much money if they're up to date on all the new rules and laws. It took me forever to find one but once I did I havent owed in years
depending on your tax bracket and your right article depend on how much you can write off on interest taxes. Make sure you talk to a tax professional and don’t listen to your mortgage lender.