Meredith Wilson & Mo Silk | Silk Mortgage
Meredith Wilson & Mo Silk | Silk Mortgage
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The BEST Mortgage Options For First Time Home Buyers in 2025
The Complete guide on the best mortgage options for first-time homebuyers in 2025? 🏠 In this video we will break down which loan type is the easiest to qualify for and the best for long term success. Also, at the end we will explore different first-time buyer grants, and down payment assistance. Simplify your home buying journey with expert advice!
✨ Want a Stress-Free Mortgage?
Book a call: calendly.com/meres_mortgage/15min
✨ What’s It Like Working With Me and My Team?
Check out our 5-star reviews: Silk Mortgage Reviews
What We Cover in This Video:
1️⃣ The easiest loan to qualify for.
2️⃣ The best loan for long-term success.
3️⃣ First-time homebuyer grants and assistance programs available now.
Who Is This Video For?
This video is perfect for:
• First-time homebuyers ready to buy in 2025.
• Renters looking to become homeowners.
• Buyers exploring FHA, VA, USDA, and conventional loans.
• Those needing help with down payment assistance programs.
• Anyone wanting clarity on mortgage options.
What You’ll Learn:
✔️ Differences between FHA, conventional, VA, and USDA loans.
✔️ How mortgage insurance works and what it costs.
✔️ Loan terms, down payment requirements, and credit score needs.
✔️ Strategies to refinance from FHA to conventional loans.
✔️ Navigating state and county assistance programs.
✔️ Tips for long-term success in homeownership.
🔑 Keywords for Maximum Reach:
• Best mortgage for first-time homebuyers in 2025
• FHA vs. conventional loan comparison
• First-time homebuyer grants explained
• Down payment assistance programs 2025
• How to qualify for FHA loan
• Tips for first-time homebuyers
• Easiest mortgage loans to qualify for
• Mortgage insurance breakdown
• USDA and VA loans for first-time buyers
• Credit score requirements for home loans
• Refinancing FHA to conventional loans
• Homebuying guide for 2025
• State and county down payment assistance
• Mortgage broker tips for buyers
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ความคิดเห็น

  • @gabrielleford5856
    @gabrielleford5856 2 วันที่ผ่านมา

    Does this mean we get to get whatever we paid in property taxes and mortgage interest back?

  • @sergiomichel1152
    @sergiomichel1152 4 วันที่ผ่านมา

    Any good sites 4 DUPLEXES ?

  • @cynthiahoggatt6911
    @cynthiahoggatt6911 9 วันที่ผ่านมา

    Great information

    • @meres_mortgage
      @meres_mortgage 9 วันที่ผ่านมา

      Thank you ! Which state are you in ?

  • @dapperdan9144
    @dapperdan9144 19 วันที่ผ่านมา

    But doesn't the broker get paid a point or more by the bank they select for their client?

  • @kimberlylin5131
    @kimberlylin5131 21 วันที่ผ่านมา

    I’m deaf, it’s even harder for me 😅to

    • @meres_mortgage
      @meres_mortgage 21 วันที่ผ่านมา

      I wish I could change it !! 🙏🏼

  • @doubleJmag
    @doubleJmag 21 วันที่ผ่านมา

    Great info and presentation! Thank you so much!

    • @meres_mortgage
      @meres_mortgage 21 วันที่ผ่านมา

      Glad you enjoyed it!

  • @mynameis4586
    @mynameis4586 24 วันที่ผ่านมา

    Thank you! Very helpful

    • @meres_mortgage
      @meres_mortgage 24 วันที่ผ่านมา

      You're welcome ! Which state are you in ?

    • @mynameis4586
      @mynameis4586 24 วันที่ผ่านมา

      @ Texas. We're considering a USDA loan in Houston area.

  • @cece826
    @cece826 26 วันที่ผ่านมา

    The prices for homes are no longer 150k any where. Those prices were 30 or so yrs ago. And renting are the same price as a mortgage.ugghh (nyc)

  • @Alwz100
    @Alwz100 26 วันที่ผ่านมา

    Simple explanation. Thank you.

  • @arlenertonge6425
    @arlenertonge6425 26 วันที่ผ่านมา

    Besides the funding fee and PMI, are there any other savings for 100% service connected veterans during the buying process?

    • @meres_mortgage
      @meres_mortgage 25 วันที่ผ่านมา

      Rate is usually cheaper on VA loan

  • @Skyefirecat
    @Skyefirecat 26 วันที่ผ่านมา

    Can you do a video will smaller home prices? Our area has cheaper housing and we also can't afford anything above $250k anyway

    • @meres_mortgage
      @meres_mortgage 26 วันที่ผ่านมา

      Yes I can do that!! - which area are you in ?

  • @Katadori09
    @Katadori09 28 วันที่ผ่านมา

    Median household income in my city is $80k. Houses start at about $800k. According to your numbers, this is untenable. Locals are priced out, our houses are only trading among out-of-state work-from-homers.

    • @meres_mortgage
      @meres_mortgage 28 วันที่ผ่านมา

      Yes this is becoming a real problem across the US - which state are you in?

    • @Katadori09
      @Katadori09 28 วันที่ผ่านมา

      @ I’m about 20 mins outside the border of California…. And that’s the problem.

    • @meres_mortgage
      @meres_mortgage 26 วันที่ผ่านมา

      What about rent prices in your area - are they going up ?

    • @Katadori09
      @Katadori09 26 วันที่ผ่านมา

      @@meres_mortgage I’m currently paying $2700/mo for a 3bd/3ba, 2k sqft single-family house in the top school district of my area. Recently renewed for another year, identical price to last year.

  • @NewCurrencyClub
    @NewCurrencyClub 29 วันที่ผ่านมา

    “The lenders are NOT financial advisors for you. They work for the banks 🏦 “ 💎

    • @meres_mortgage
      @meres_mortgage 28 วันที่ผ่านมา

      Yes ! I always tell people you know your situation best !

  • @NewCurrencyClub
    @NewCurrencyClub 29 วันที่ผ่านมา

    This is such a great video. Very informative and easy to follow. Thanks!

    • @meres_mortgage
      @meres_mortgage 28 วันที่ผ่านมา

      Thank you so much ! I'm so glad you found it helpful! - Which state are you in?

    • @NewCurrencyClub
      @NewCurrencyClub 28 วันที่ผ่านมา

      @ Michigan

    • @meres_mortgage
      @meres_mortgage 28 วันที่ผ่านมา

      @@NewCurrencyClub What is the average home price where youre at?

  • @pro-muffins2721
    @pro-muffins2721 29 วันที่ผ่านมา

    Thanks for this video. I was just denied for a home loan with my bank Navy Fed. I might have asked for to much money being that my income is about 80k. I wanted a 400k for my wife. - I’ll take down my debt and apply next year. Love the process of explaining it ALL🎉🎉🎉🎉

    • @meres_mortgage
      @meres_mortgage 29 วันที่ผ่านมา

      Sorry to hear about your Navy Fed experience I’m glad to hear that didn’t discourage you 🙌🏼 . If you have any questions schedule a call I will be happy to help.

  • @travisschwartz3397
    @travisschwartz3397 หลายเดือนก่อน

    I have a building lot in northern California i would like to develop 😊 Any info ?

    • @meres_mortgage
      @meres_mortgage 28 วันที่ผ่านมา

      Yes, there are loan programs that can lend you money to build, but their guidelines are pretty specific.☺I’d be happy to explain more-here is the link to book a call with me - calendly.com/meres_mortgage/15min

  • @gorettimendez7924
    @gorettimendez7924 หลายเดือนก่อน

    thank you

  • @SirPokemonX
    @SirPokemonX หลายเดือนก่อน

    Is that after tax?

    • @meres_mortgage
      @meres_mortgage หลายเดือนก่อน

      No this is pre tax

  • @ChadTyrone77
    @ChadTyrone77 หลายเดือนก่อน

    awesome video!

    • @meres_mortgage
      @meres_mortgage หลายเดือนก่อน

      Thank you so much !

  • @thom8728
    @thom8728 หลายเดือนก่อน

    music is too loud.

  • @malcomgreen4747
    @malcomgreen4747 หลายเดือนก่อน

    Good advice but music took over your voice

  • @karnak472
    @karnak472 หลายเดือนก่อน

    I could have done without the music being so loud.

  • @Musicd1234
    @Musicd1234 หลายเดือนก่อน

    Why not apply with fha directly?

    • @meres_mortgage
      @meres_mortgage หลายเดือนก่อน

      They don't directly lend to the public - they only insure the loan. You must work with an FHA approved lender like myself to get this type of loan.

    • @Musicd1234
      @Musicd1234 หลายเดือนก่อน

      @@meres_mortgage thanks

  • @Asspiss100
    @Asspiss100 หลายเดือนก่อน

    Ahh yes all great financial decisions start with a fucking TH-cam short. Piss.out.my.ass.

  • @meres_mortgage
    @meres_mortgage หลายเดือนก่อน

    If you're planning to buy a house and want to know how much is your buying power - click on the link to schedule a free call calendly.com/meres_mortgage/15min

  • @meres_mortgage
    @meres_mortgage หลายเดือนก่อน

    If you're planning to buy a house and want to know how much is your buying power - click on the link to schedule a free call calendly.com/meres_mortgage/15min

  • @Muhammad.A786
    @Muhammad.A786 หลายเดือนก่อน

    Nobody earns that much in the UK, more like 20K a year

  • @meres_mortgage
    @meres_mortgage หลายเดือนก่อน

    If you would like to schedule a free call with me - here is the link to book directly to my calendar calendly.com/meres_mortgage/15min

  • @robertlages
    @robertlages 2 หลายเดือนก่อน

    Misleading tittle even though 580 credit score is the min ...no bank or company will touch that ..I think 620 is the min

    • @meres_mortgage
      @meres_mortgage หลายเดือนก่อน

      Not true - I have done some that low - if you had actually watched my video you will know the perimeters and requirements to do a loan with that credit score.

  • @joseph1150
    @joseph1150 2 หลายเดือนก่อน

    The price my builder wanted for a crappy upgraded patio was outrageous. I could have hired other contractors and had one 10 times better for 1/4 the cost. Their excuse was "well it will only increase your payment by a little bit" Yeah, that little bit is a hell of a lot of money when it's a 30 year mortgage and it's compounding interest.

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      Yes its crazy how much they charge

  • @rubydiaz6529
    @rubydiaz6529 2 หลายเดือนก่อน

    Would like a consult

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      Here is the link to my calendar to schedule a free call directly with me calendly.com/meres_mortgage/15min

    • @meres_mortgage
      @meres_mortgage หลายเดือนก่อน

      Book the Calendar at calendly.com/meres_mortgage/1...

  • @meres_mortgage
    @meres_mortgage 2 หลายเดือนก่อน

    Here is the link to my calendar to book a free call with me calendly.com/meres_mortgage/15min

  • @DimpledRae
    @DimpledRae 2 หลายเดือนก่อน

    Call

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      Here is the link to book a free call with calendly.com/meres_mortgage/15min

  • @420champion4
    @420champion4 2 หลายเดือนก่อน

    Do you actually believe he will do any of this or that it will be good. Deregulation and "opening up federal land" sounds like corporations are just going to exploit our forests.

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      If these homes are in the middle of nowhere it's going to be tough for people who need to work locally. That could make it hard for anyone to seriously consider living there.

  • @LuhCaImFit
    @LuhCaImFit 2 หลายเดือนก่อน

    It won’t matter if he goes through with the tariffs and deportations. People won’t be able to afford clothes let alone get a house.

    • @SaltCreep45
      @SaltCreep45 หลายเดือนก่อน

      We don't all buy Temu clothes

    • @LuhCaImFit
      @LuhCaImFit หลายเดือนก่อน

      @ I’ll be fine, my job is recession proof . I sincerely hope you get what you voted for.

  • @williamjames914
    @williamjames914 2 หลายเดือนก่อน

    Who wants to live on federal land? Most of that land is located in places where you dont build homes.

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      Yes and my concern its in the middle of no where not close to people's jobs

    • @SaltCreep45
      @SaltCreep45 หลายเดือนก่อน

      Not all Federal Land in the Boon Docks or Catle County

  • @cgra-ow7ol
    @cgra-ow7ol 2 หลายเดือนก่อน

    Omg. Did you just tell people that they can afford a house payment that was 50% of thier disposable income ("amount left over")??? Thats terrible! No margin for food, vehicles, emergencies, children, savings, retirement!

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      No i'm not saying that... this is how the banks calculate it/ how much they will approve you for. Just because the bank approves you for a certain loan amount doesn’t mean you should take it. Banks calculate your approval based on their criteria-not necessarily what’s best for your financial situation. You know your budget, goals, and lifestyle better than anyone, so borrow wisely and stay within a range that feels comfortable for you.

  • @MarqNash
    @MarqNash 2 หลายเดือนก่อน

    Thanks I needed THIS 🎉👍💯👑

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      You're welcome !!

  • @kennedyd501
    @kennedyd501 3 หลายเดือนก่อน

    So what should I do if this is the cast?

    • @meres_mortgage
      @meres_mortgage 2 หลายเดือนก่อน

      If you need me to review anything ... let me know I review peoples loan estimates all day long. Here is the link to book a call with me when you need to calendly.com/meres_mortgage/15min

  • @TrickShot9
    @TrickShot9 3 หลายเดือนก่อน

    I don't fully understand the difference between lender and a bank. Broker is obvious as it's a third party shopping for rates, but a lender sounds like a looped way of saying bank.

    • @peteroz7332
      @peteroz7332 3 หลายเดือนก่อน

      yeah, you seem to be right... what I get from this clip -1) lender is just that bank or represents just that bank (like a 3rd party), but only specialises with mortgages... 3) it:s a bank, no 3rd party face... it has 😊worse rates, but more choice - as it has other loans or credit lines (not only mortgages)...

    • @meres_mortgage
      @meres_mortgage 3 หลายเดือนก่อน

      Yes so a mortgage lender is someone that works directly with 1 company that only sells mortgages ... a bank offers different types of lending option like personal loans, auto loans etc and not just mortgages. Did that help clear it up ?

  • @jamibeckham4544
    @jamibeckham4544 4 หลายเดือนก่อน

    They charge you for this.

  • @JasonLee-mg9yy
    @JasonLee-mg9yy 4 หลายเดือนก่อน

    what fantasyland are you living in?!? 1000 in "expenses"? I spend that on two weeks worth of food for my family.

    • @thereadaloudlady
      @thereadaloudlady 4 หลายเดือนก่อน

      i understood that as debts, like car payments or credit card payments or student loans. So paying down current debt.

    • @meres_mortgage
      @meres_mortgage 4 หลายเดือนก่อน

      @@thereadaloudladyyes you are correct - things on your credit report

    • @meres_mortgage
      @meres_mortgage 4 หลายเดือนก่อน

      @@thereadaloudladyyes you are correct - what is on your credit report

  • @mikitazhylinski5526
    @mikitazhylinski5526 4 หลายเดือนก่อน

    Fuck all - that is how much

  • @ThatWorkx
    @ThatWorkx 5 หลายเดือนก่อน

    Oh yeah refinance and restart your mortgage terms all over again for 30 years who doesn’t have 50 years to pay off a house

  • @LowR-HighK
    @LowR-HighK 5 หลายเดือนก่อน

    Refinance at a lower interest rate if interest rates are lower. There, I just saved you a crap ton of words.

  • @kimgeorge4511
    @kimgeorge4511 5 หลายเดือนก่อน

    What about home stead exemption? How do I keep a discount on the property taxes?

    • @meres_mortgage
      @meres_mortgage 5 หลายเดือนก่อน

      If it's your primary residence - yes apply for the homestead exemption with your county and that will help cap the value at which it's taxed on. Which state are you in ?

    • @kimgeorge4511
      @kimgeorge4511 5 หลายเดือนก่อน

      Thanks for the reply. I wanted to make sure I didn’t loose the discount.

  • @BruceWayneReal
    @BruceWayneReal 5 หลายเดือนก่อน

    People out here buying houses?

    • @meres_mortgage
      @meres_mortgage 5 หลายเดือนก่อน

      Yes things are still moving especially down here in Florida ! Which state are you in ?

  • @1truthseeking8
    @1truthseeking8 5 หลายเดือนก่อน

    #1 cry over paying the commission, and the interest double the price of the home you just signed up for. #2 cry over the FACT that you purchased BEFORE the economic collapse and will soon be jobless and then homeless.

    • @meres_mortgage
      @meres_mortgage 5 หลายเดือนก่อน

      😂Did you recently buy a house ?

  • @meres_mortgage
    @meres_mortgage 5 หลายเดือนก่อน

    Schedule a call with me: calendly.com/meres_mortgage/15min

  • @meres_mortgage
    @meres_mortgage 5 หลายเดือนก่อน

    Schedule a call with me: calendly.com/meres_mortgage/15min