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Is the payment assistance on top of the 1% interest? Or is the payment assistance compared to the 1% interest rate and then they take the lesser of the two amounts?

I'm self employed with my LLC and they wont touch it bc I haven't been in the same industry for two years.

Hi You doing really great job to help others really thank you Please I send already my application and the application now is active after I send all the supporting documents but I received something is call 180 days later can you explain more? What is it and what I can do as next please?

This is such good information.

Hey Channing, just moved to LA last year and found a home to buy. I got decent credit but less than 2 years in employment with current job as a 1099 worker. Is there any kind of help you could offer? FT home buyer as well. Thanks!

Can my wife and I live in the home with our Adult Disabled Child? He’s totally disabled and can’t live independently, can we live there with him part/ full time.

So failed bankruptcy ch13 how long do i have to wait to rent or buy a home?

Why do companies just shut you down if you don’t have good credit score i feel it’s like discrimination they don’t say or talk about options they just flat out say YOU DONT QUALIFY like they don’t care they just run away if your not going to get a conventional loan

If a person hasn’t been keeping their business and personal expenses separate how much more difficult is it to work with? For people who use multiple delivery apps for example.

Hey Channing do you all do any work in the Lafitte area?

Is this Program available with an itin number or it is just for people with Social security number?

Do all of these apply to a construction loan the same way?

What if your co borrow has income but no credit score?

Very informative and and a breath of fresh air thank you for the info

Are you guys licensed in Texas? I've got a client who I'd like to connect you with!

Navy Federal doesn't have PMI.

The first time anyone said lake Charles was a major city 😭

Closed with a usda, on time, on a new build..which apparently is hard to do lol

Great video. Very useful information. Would the lender want to see bank statements from all my accounts - emergency funds, sinking funds, ROTH ira, etc?

Your explanation is a lot better. Thank you

do you have to live in the same state with your parents ?

Thank you! I live on survivors benefits 1,600 a month for me and my 8 yr old daughter. I do door dash if I need extra cash but it's not steady income. Do you think I may still qualify?.😅

I have personal experience with a 502 Direct loan which I was approved for in November of last year. The approval page gave me the approval amount and in the next paragraph it stated "DO NOT LOOK FOR A HOME TO PURCHASE". Tomorrow, Friday, March 15th my 120 DAY LOAN APPROVAL is Finished. DONE! I was interested in a particular home during this period and the sellers realtor told me the seller would NOT accept my offer. I asked why, she stated they would Not tie up their home awaiting a close from USDA. I was just curious if was just my "hard luck" or if this was commonplace. I called a dozen realtors in the area and received the SAME answer. People should be given the TRUTH when it comes to this gov't mortgage loan program. In Missouri, the state in which I applied, I can't even get the loan officers to return my phone call. The time spent doing an application, $30 credit report fee, and the wait of 120 days to get NOTHING is in my opinion, criminal... By the way, the new subsidized loan rate is NO longer 1%, it is 2%. But never mind, GOOD LUCK getting an approval funded..... Anyone who would like to ask me personally about my experience is welcomed to REPLY! I HATE seeing people being taken advantage of!!!!!!!!!!

When can you sell the house is their a limit on how many years u can own the home before u sell ?

I am in process of getting a USDA direct loan in NC. I am waiting for underwriters final approval. I have a couple of questions please: (1) Is the loan limit I can receive based on my DTI with a subsidy or without? Without a subsidy, it is about 39%, (limit is 41%) with the subsidy my DTI ratio is much lower, with a payment of only $840. Since the loan limit you can get is based exclusively on your DTI ratio and the county limits, do the Underwriters use the lower DTI which could give me more buying power? Right now my loan limit is not enough for the house I need. (2) You are correct about the no down payment, and the low interest rate, however there is a large amount in closing cost I have to pay, which in my case is about 5% of the loan, over $14,000. I was NOT prepared for this. Then they said, you can roll up the closing cost into the loan, which of course makes for a higher loan amount. So my question is about the appraisal. How can you get an approved appraisal. I thought with an appraisal, the house had to be appraised for at the loan amount you are getting. I totally don't understand this. Hopefully you can set me straight! Thank you so much!

What if you have been in the U.s for less than 2years?

Hey Bayou, I just love your content. do you edit by yourself?

Appreciate this video. Thanks.

Contact info please

What about people that have good credit scores at 750 or higher does that lower interest rates if its manual underwrite or a traditional mortgage companies

Very helpful

Can you use this loan to buy land purchase modular home all in one loan?

How about a broken lease but i'm buying a $10,000 foreclosed house from a auctions to flip?

Love your videos man

Once discharge date is reached chapter 7 four years for conventional are you technically clear to apply the next day

I don't see the links in the description

A couple of important questions I have not seen answered anywhere about these loans. The income limits are based on adult household members. What happens if you get the loan/house as a single and then a couple years down the line get married or just someone else moves in because of some random hardship? Another thing that seems to be skipped over a lot when talking about these loans is the maximum asset limit. If you have any non-retirement assets above a threshold (I haven't figured out how they calculate the threshold) then you are required to use those assets in the purchase of the house. So if the limit they set is 10k and you have 12k in the bank you will be forced to use 2k in the purchase of the home. Kind of nullifying the whole "no down payment required" thing if you have a decent chunk of savings for whatever reason. But related to that, how do they take into consideration of a joint bank account, when the other person on the account will not be a member of the home?

Thanks

I want to build a home does usda do that

Great content. What current programs are in Florida to help buyers who have a gap? W2 2014-2018 Self employed 2018-2023 W2 2023-current What program is possible to show the 24 months of history without using the tax returns from the self-employment years?

Great video. Which income to use for self employed, gross income or net income?

What's up man, I'm a USDA Direct Loan Packager, let's do business!

thank you for sharing this information, I appreciate you!

No down payment,....except if you have more than 15K in bank accounts.

did these numbers change for 2024?

You just helped me big time. Thank you.

🔥🔥🔥🔥

Can i get help on foreclosure when buying with FHA loan?

Great video

Does that only depend on the state ur in? I've been told u have to have the same job for two years. I've been in trucking for three years but not the same company. I was denied because I was told I needed two years with one the company before, she said it doesn't look good when u keep changing companies