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Thank you for the question. The best place to get that information is directly from USDA. As USDA loans are facilitated directly with USDA lenders, they are going to be able to give you the exact information you are looking for. eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

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​@@LoanWithJenYour video quality is very good and you speak very well if you agree to put some youtube videos you will be first class I believe if you want I can give you free advice

You can trust me as a friend and I will honor your trust

Thank you so much 😀

@LoanWithJen Your videos mean something new that you beautifully present and discuss in front of us

Glad it was helpful! Thanks for watching!

Thank you for the question. No, it will effectively lower the interest rate.

I'm so sorry to hear this. That is terrible! I have a new video that addresses what to do when you are having trouble with your servicer, and there are a couple of government agencies you can reach out to. One is HUD, the other is the Consumer Protection Agency. The new video will be coming out in the next couple weeks. Keep an eye out for it. I hope you can find help.

Thanks for the comment. Increasing the video speed is a great idea! I do it with everything I watch :)

@gerrywalker5903 You should be able to get the expectations you set with this plan. Not everyone can or will do #4...leaving someone's home and stepping into the new culture of a different state is a huge step. Out of curiosity, where do you suggest?

@@LoanWithJen I wouldn't live in Texas. The property taxes are way too high for that state. They increase at an unreasonable rate. I would much rather live in a wealthy state and not a poor state like Texas.

Is this your first house? How exciting! Don't go buy anything for the house yet. Keep your credit and finances right where they are.

The builder's lender will have to answer that for you. I'm getting ready to record a video in December about lender loans and the extra fees you may not be aware of. Get a copy of the loan estimate as soon as possible to see what all the fees are. Sometimes those lenders offer great programs, but often the "$deal$" you think you are getting is just wrapped up into the loan. Depending what state you are in, or county, that will factor into whether there are DPA programs for you as well.

@@terrencebooth8223 the Dpa programs- most of them - are offered by the state - but not every lender offers them. Builders commonly do not , likely because profit on these loans is very limited. However, many builders offer deep discounts toward closing costs. This is almost like a form of assistance in itself!!!

Great question! First, I am not an attorney, so I cannot provide you with legal advice. For your specific situation, there might be options I'm unaware of, and the options I share with you here might have tax consequences. So please consult with a local estate planning attorney or tax advisor to ensure your plans are legally sound and tax-efficient. Two options that I have seen people use are: transfer-on-death deed (TODD), which allows you to designate your daughter as the beneficiary of your home. This helps avoid probate, as the property automatically transfers to her upon your passing. The other option is to add your daughter to the property as a joint tenant. Joint tenants have the right of survivorship. Best of Luck to you.

Thank you so much, Wishing you the best of luck with your project!

You are welcome!

Yes! Call Kathy for insurance...you will be in the best hands! And if you need a lender, I'm here for you.

Hi! Be careful here- lenders on the first loan will want the 2nd lender to be an institution- NOT an individual. These rules are in place to prevent side deals. To answer your question- foreclosure rights if you don’t pay is usually the norm.

Good point!!!! Thanks for tuning in!

This is heartbreaking to read. My heart goes out to you. Sounds like you have had a long period of dedication to your grandma. I hope you can find some help with county services or local agencies that help families in need.

Glad you liked it!

So kind of you!

You bet!

We all deserve help if we need it, right?

go to my website www.loanwithjen.com/contact and send me a message from there.

You are so welcome! Glad you enjoyed it!

Thanks for watching! The 502 direct loan must be done through USDA. Lenders cannot help here. You'll have to pose this question to them directly. Good luck!

You're welcome

You bet! You're welcome.

Better or worse is a relative term. I think it's important to consider each person's financial situation individually. If you can afford to make those extra payments, you could essentially drop your effective interest rate down even more!

The Big "E". You will probably need to request an exception due to this. Each case is looked at individually for exceptions. If you have a "good" reason, I would say it's worth it to talk to a USDA Rep.

@LoanWithJen thank you

You are welcome Jen! Boost your score with this easy tip! And keep those balances below the % I recommend

They do if you use cash advance and cash from the cards.

This is true, the USDA loans are so hard to qualify for, you have to meet income requirements and your debt rate show can’t be more than like 42 or 43%. Warehouse with FHA you can basically do zero down if you attach it with some sort of down payment assistance. And it allows you to go to 55% debt ratio! And you can have a lower credit score. Thanks for watching and appreciate the comment.

HiJerry, do you mean estate license to get the caretaker income? I don’t think so but you’ll have to check with someone in your state about it. Thanks for watching and I appreciate it.

Hi, I appreciate you watching the channel, I don’t deal with this type of income directly because I’m a mortgage lender, you’ll have to do a search and maybe connect with a home healthcare provider that can help you navigate what might be available for you and your state. The reason I did, the video was to bring awareness, and also so you know that you can use caretaker income to qualify for a mortgage if it’s history will be sustainable My final suggestion is to contact a home healthcare provider in your state to help you with this question

It is a far-fetched idea, I agree with you. But even more far-fetched with the restrictions that it places on people to qualify which is really restrictive and discriminatory. I did the video just to bring awareness because there’s a lot of misunderstanding about it for people. Thank you so much for watching and I appreciate the comment.

Thanks for watching and for the valuable comments and insight!

If there is a fire and you want the home insurance to help pay for the costs to repair the house, then you reach out to your insurance company and let them know there was a fire and you want to file a claim. You have to let the insurance company know you need their help. It might be worth it to compare the cost of repair vs. your deductible amount. If the amount to fix the problem is less than your deductible, you may or may not want to ask the company for assistance.

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.

I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

Thanks for watching!

Great, I'm glad it was helpful.

Thanks for watching. It pays to keep your credit healthy!

Glad you enjoyed it

Hi there, it depends where you live. And it depends on the program you apply for. If you really want to buy a house, talk to a lender now. Don't wait, too many times people wait and realize that they could have taken action to buy a house much sooner, but were afraid to reach out. Knowledge is power! Let me know if I can be of help. www.loanwithjen.com

Glad it was helpful! Thanks for tuning in!

Hi! Kudos on the new job ! On a conventional loan most likely. Your 2 -3 year prior history will be important to show stability. You’ll be asked to write a letter of explanation explaining the gap. On the FHA loan, you would have to be back on job for 6 months, since you had a more than 6 months gap. Hope this helps! I can lend in most states. If I can help reach out! www.loanwithjen.com/contact

Hi Shayna! I think what you might mean is that after 5 yrs of self employed with same biz you can use just one year tax return? That’s on a conventional loan ( only) I’m not aware of a special loan . Does this answer your question?

Fabulous! I'd love to help. Please provide me with your contact information through my contact page on my website and I'll get in touch with you. www.loanwithjen.com/contact

Have you checked out my videos on credit improvement and repair? Here is the link to my Credit videos: th-cam.com/play/PLsjEjJAI2Tj_xCY9XknvOdKxRHmIPTco7.html Your sister can use some or all of the tips I share to get her score up so she can get the home she wants. Let me know if I can be of help!

Hi there, please visit my website at www.loanwithjen.com/contact to send me a direct message. Or you can provide me your email address here if you like.