Thanks for sharing this. I benefited tremendously with the homebuyers program. My down payment that I had to come out of pocket with was minimum. The house I purchased was 107K. At closing I just needed like $3,500. My mortgage is $601 per month. Money well spent. 3bed 1 bath.
Hello Nicole. Great information! Initially, I was under the assumption that the 3.5% down payment for a FHA ( Federal Housing Association ) loan, contained the closing cost already in it. So in reality, an FHA loan doesnt really require 3.5%, its actually more like 10% down once the down payment & closing costs get added together ( more or less ). I appreciate the tips & tricks. I am a new follower!
That is correct! Closing costs and the down payment are separate and you are responsible for both unless you can negotiate that the seller helps with your closing costs!
Thank you Nicole for making things plan and simple for those of us who don't understand the home buying process. As a 1st time buyer, your videos have been educational. Others make it complicated. I need you in Texas.
I just had a problem with figuring out that VHFA wanted 3 % of a down payment. For some 3 % may not look that high, but you also have to come up with closing costs. So ya before you know it you're looking at $ 7000 or more out of pocket!!
I'm planning on buying my first property in 2022 & helping my hubbie build a Modular Home. We are going to use a 0% interest USDA Rural home loan in WA state. Dealing straight through the Gov. (No realtor). My family really appreciates the advice. Love all your videos!! ✌💜
Application Fee/Credit Report Why should I be responsible for their cost of doing business? for example: if I purchase a car and finance it, no such expenses' are incurred by the me the buyer .yet both require title work, Inspection, personal property tax, credit reports, registration, etc. from my side of the eyeball these fees are nothing more that additional profit ! help me understand the logic
Very informative thank you. Is there down payment assistance programs out there? I didn’t take closing cost into account so looks like I have to take another 3-6% in account when purchasing
So the banks half is the down payment…regardless of the type of loan…the closing cost is usually 2-2.5% total…3-4% is with the agents/brokers commission tacked on.
Hey lady I have been on TH-cam all day yesterday trying to get as much information as possible. My husband and I have already found our home. So here are some tips on TH-cam that you might wanna watch later. Her name is Mobile Home Diva. And she on TH-cam and she gives you the 5 steps to purchasing a manufacturer home and land package. Also I seen a video on the FHA manufacturer and modular home loan idk if wanna try that. But everything helps since your about have your home in a few months. Good luck to you Afua Dankwa have an amazing day ❤️
If I use a USDA guaranteed loan how much will I pay in closing costs? And you mentioned an escrow account that needs to done with the guaranteed loan in your other video, is that apart of the closing cost? Thank you for your informative video.
I’m divorced single mom in my second home. I have good credit and did initially apply for the usda loan after my divorce 9 years ago. I was approved for the usda loan , however could not find the right one at that time so I was able to get an FHA loan for the home we are in now. The question I am wondering after these 4-5 yrs have passed, my goals have changed and is it possible to be a current home owner with an fHA loan and still apply for a usda loan to build or get out in another area? I hope I’m asking the right way. Thank you
Will you itemize closing cost ? What will be buyers will be paying at day of closing? Appraisal Credit fee Brokers fee Tital fee company Inspection charges
please i need help for my down-payment i was pre-approved but need to apply for for gram government down payment how cant i get help because i am disabled with my son we both disable and they told me that to try with grant down-payment
Thanks for sharing this. I benefited tremendously with the homebuyers program. My down payment that I had to come out of pocket with was minimum. The house I purchased was 107K. At closing I just needed like $3,500. My mortgage is $601 per month. Money well spent. 3bed 1 bath.
So happy to hear it Marcus!
@@NicoleNark Thank you. I appreciate it. God is good.
Wow in what state did u buy a house ?? In NJ that price for a house does not exist.. I wonder if zi should move out of state?
Excellent Video Nicole ! It's very clear, and to the point. You are really good at explaining so many areas of Real Estate. Thank you!
Thank you Tom! Glad you found it helpful 😊
I just want let you know that I like the way you explaine the info what a gifted person you are I can listen you nonstop that much.thanks
One of the best videos I’ve seen regarding this topic, everyone else makes it so unnecessarily complicated
Hello Nicole. Great information! Initially, I was under the assumption that the 3.5% down payment for a FHA ( Federal Housing Association ) loan, contained the closing cost already in it. So in reality, an FHA loan doesnt really require 3.5%, its actually more like 10% down once the down payment & closing costs get added together ( more or less ). I appreciate the tips & tricks. I am a new follower!
That is correct! Closing costs and the down payment are separate and you are responsible for both unless you can negotiate that the seller helps with your closing costs!
Thank you Nicole for making things plan and simple for those of us who don't understand the home buying process. As a 1st time buyer, your videos have been educational. Others make it complicated. I need you in Texas.
I am so glad you find my videos helpful! how is the home buying process going for you in Texas?
I just had a problem with figuring out that VHFA wanted 3 % of a down payment. For some 3 % may not look that high, but you also have to come up with closing costs. So ya before you know it you're looking at $ 7000 or more out of pocket!!
I'm planning on buying my first property in 2022 & helping my hubbie build a Modular Home. We are going to use a 0% interest USDA Rural home loan in WA state. Dealing straight through the Gov. (No realtor). My family really appreciates the advice.
Love all your videos!! ✌💜
This video will answer my questions from another video. Thank you!
Love your videos! Thanks for sharing.
Thanks for watching!
i like u very much u explain very helpful u are very good of how we need help and explain every thing u need to know
Application Fee/Credit Report Why should I be responsible for their cost of doing business? for example: if I purchase a car and finance it, no such expenses' are incurred by the me the buyer .yet both require title work, Inspection, personal property tax, credit reports, registration, etc. from my side of the eyeball these fees are nothing more that additional profit ! help me understand the logic
Yup, that’s the greedy, scandalizing world for ya.
Very informative thank you. Is there down payment assistance programs out there? I didn’t take closing cost into account so looks like I have to take another 3-6% in account when purchasing
So the banks half is the down payment…regardless of the type of loan…the closing cost is usually 2-2.5% total…3-4% is with the agents/brokers commission tacked on.
Wonderful video thank you so much
Thanks you 🎉🎉 I
Very informative!
Glad it was helpful!
Yikes! I didn't realize how much closing costs would be!
Very nice video....... Very clear information
Thanks so much for watching!
Love your videos
Thanks for watching them! I am happy to hear they are helpful!
I realy want to buy a house but I see it's just to much to handle specialy when no money saved for down payment and closing costs ha.
Manufacturing homes any information
Yes girl great question
@@thebestthinginmylife6205 any information you can share I am thinking about getting one in couples of months
Hey lady I have been on TH-cam all day yesterday trying to get as much information as possible. My husband and I have already found our home. So here are some tips on TH-cam that you might wanna watch later. Her name is Mobile Home Diva. And she on TH-cam and she gives you the 5 steps to purchasing a manufacturer home and land package. Also I seen a video on the FHA manufacturer and modular home loan idk if wanna try that. But everything helps since your about have your home in a few months. Good luck to you Afua Dankwa have an amazing day ❤️
If I use a USDA guaranteed loan how much will I pay in closing costs? And you mentioned an escrow account that needs to done with the guaranteed loan in your other video, is that apart of the closing cost? Thank you for your informative video.
What if are using a conventional loan?
I’m divorced single mom in my second home. I have good credit and did initially apply for the usda loan after my divorce 9 years ago. I was approved for the usda loan , however could not find the right one at that time so I was able to get an FHA loan for the home we are in now. The question I am wondering after these 4-5 yrs have passed, my goals have changed and is it possible to be a current home owner with an fHA loan and still apply for a usda loan to build or get out in another area? I hope I’m asking the right way. Thank you
I have lil credit will FHA loan be a good choice for a 25,000$ home
Will you itemize closing cost ?
What will be buyers will be paying at day of closing?
Appraisal
Credit fee
Brokers fee
Tital fee company
Inspection charges
New Jersey
So even USDA closing cost 3%?
please i need help for my down-payment i was pre-approved but need to apply for for gram government down payment how cant i get help because i am disabled with my son we both disable and they told me that to try with grant down-payment
Can you put down payment included in offer 🎉
Can you explain your question?
Conventional Loan information please
nicole how i can contact you??