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
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
unfortunately, loans are a little bit different in Canada. I can’t personally help you, but I can refer you to someone who can if you want to reach out?
✅ - Work Directly with My Team - workwithourteam.net/conventionalloan2025
⏩Conventional Loan Requirements - th-cam.com/video/UNQOAuQwjPI/w-d-xo.html
⏩USDA Loan Requirements 2024 - th-cam.com/video/PHimtCNdJyo/w-d-xo.html
⏩Conventional Loan Requirements 2023 - th-cam.com/video/6vJHSjIlcL4/w-d-xo.html
Thank you for the video! Always good information.
Appreciate you
Mortgage Monday Motivation Video!! 💪🏻💪🏻
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Good stuff Jeb thanks for the notification smashed the thumbs up 👍
🙏🏻🙏🏻🙏🏻
Another great video. 👏
How about land loans & building loans? I want to build next year.
thank you, unfortunately I don’t know all the ins and outs of land loans so I’m not the best person to ask
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
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
unfortunately, not, you’re going to need tax returns and paystub’s. Bank statement loans are only on non-QM.
2 years minimum
Very useful information, thank you, are this rule work for Canada? British Columbia,
Can you do mortgage service for me in Canada?
unfortunately, loans are a little bit different in Canada. I can’t personally help you, but I can refer you to someone who can if you want to reach out?
Does this start Jan 1, 2025?
already started!
I think we can buy with less than 20% down
Yes, that is correct! As little as 3% down using conventional, 3.5% with FHA and no down payment required on USDA and VA
@JebSmith where and how to do you find properties that should be considered agricultural areas ?
Yes buy investors buy for less