Conventional Loan Requirements - First Time Home Buyer

[@JebSmith]

✅ - Work Directly with My Team - workwithourteam.net/conventionalloan2025
⏩Conventional Loan Requirements - ua-cam.com/video/UNQOAuQwjPI/v-deo.html
⏩USDA Loan Requirements 2024 - ua-cam.com/video/PHimtCNdJyo/v-deo.html
⏩Conventional Loan Requirements 2023 - ua-cam.com/video/6vJHSjIlcL4/v-deo.html

[@stefanforest7582]

Thank you for the video! Always good information.

[@JebSmith]

Appreciate you

[@tedg.8026]

Mortgage Monday Motivation Video!! 💪🏻💪🏻

[@JebSmith]

💪🏼💪🏼💪🏼

[@dixielandproductionco.6989]

Good stuff Jeb thanks for the notification smashed the thumbs up 👍

[@JebSmith]

🙏🏻🙏🏻🙏🏻

[@daisymae913]

Another great video. 👏
How about land loans & building loans? I want to build next year.

[@JebSmith]

thank you, unfortunately I don’t know all the ins and outs of land loans so I’m not the best person to ask

[@seanh8337]

If your credit score is below 750, then yea you need 20% down and your DTI should be capped at 45%. Because you haven't demonstrated you're good with money.
If your credit score is even in the low 700s, then you've been (1) missing payments (2) spending too much of your credit limit (3) have too much debt already. Those 3 things show you arent good with money, sorry

[@ronys.maldonado295]

Great information thank you, can I ask you something? Can you get a FHA loan only with bank statements 12 or 24 months? Or only private lenders do that

[@JebSmith]

unfortunately, not, you’re going to need tax returns and paystub’s. Bank statement loans are only on non-QM.

[@72xx-d6]

2 years minimum

[@MelvinRodriguezxTNGx]

Does this start Jan 1, 2025?

[@JebSmith]

already started!

[@heatherh6408]

I think we can buy with less than 20% down

[@JebSmith]

Yes, that is correct! As little as 3% down using conventional, 3.5% with FHA and no down payment required on USDA and VA

[@72xx-d6]

Yes buy investors buy for less