FHA 203K LOAN Requirements 2023 *Full Breakdown*
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- เผยแพร่เมื่อ 31 พ.ค. 2024
- Fha 203& loan requirements 2023
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Thanks for watching!!
Man this was so impactful buying a 4plex offmarket no buyers agent with fha 203k just linked up everybody Lender, Hud Consultant and my 2 General contractors my due diligence ends feb17th and closing is March31st 🙏
Hey JWalk congrats, are you able to send your lenders info?
Wow..congratulations
THANK YOU!
THANK YOU!!
THANK YOU!!!
How’d it go!
That's a blessing. If you can need lender info. Need someone who is well knowledgeable of program. And Good Hud consultant.
Much blessings on the info 🙏🏾🙏🏾🙏🏾 extremely helpful
Thank you for the information!
Appreciate your thoroughness.
Incredible information. Thank you
I think you may ne the first person on TH-cam that SIMPLY explained this with CLEAR information slides to easily screenshot. Thank you !!!!
These other TH-camrs too busy trying to be cute and seen and leave out information 🤍
Ty i appreciate you
Major information!! Gems on gems. Love Matt!!!
Thanks for this! I learned SO much in 45 minutes that I’ve been researching for months!!
Thank you for this video!!!
Matt this is amazing information. Thank you!
Excellent explanation. Very easy to digest. Thank you!
This video may have just solidified my decision as a first time homebuyer to do a 203K Loan. We have very limited amount of multifamilies in my area but a wealth of fixer uppers. Thank you for breaking this down very simple and easy to digest
Great information! Thanks for sharing!
This was very informative, thank you!
Great Class!
Thanks! I needed this!
This was awesome and well presented.
Thank you for the insight on the FHA 203K loan and process
Thank you for this information! You are extremely knowledge. Thank you for taking the time out to break everything down in a way we all can understand
Thank you MG. YOU THE MAN
Fantastic! This was well executed. Thank you so much for using your valuable time to help others
God bless you.
Official gem dropper. Thank you!
I've been studying this loan option for almost a year. This is the most valuable, detailed explanation I have learned ffrom. Mahalo!!!
Lot's of gems here. Didn't know about the mixed use buildings.
Great Video!
Well done ❤ thank you. 💎
Great info bro thank you 🙏🏽🤜🏽🤛🏽💯
Thank you for breaking this down and not using jargon words. Thank you. You make more sense than my real estate professors thank you❤
Man love the info. May God bring many blessings to you and family
Im just now learning about 203K home loans. OMG this is what I been looking for. Thanks for breaking this down. Its like a tutorial
Thank you so much. I am looking to buy a multi unit property and I was not aware of these type of loans. but I appreciate you sharing all this info. was very informational and helpful.
What a wealth of information presented. I have recently started my search for a home that can meet the needs of my disabled son who requires 24/7 care. All of the homes that I have seen thus far will require significant modifications, extending doorways, removing walls and modifying a standard bathroom into an open shower. After watching this video, I have come to the realization that I would be better off purchasing a multi-family property in need of rehab and utilize the FHA 203K Standard Loan to have all the necessary environmental modifications to provide for his lifelong needs.
Thanks MG, for sharing.
This was awesome 😮
Great info
This is great education. I wish I knew this man last year before I walked away from my property. I’m here now. Much appreciated.
Thank you 💯💯💯
Thanks!
Thanks for sharing this valuable information. I hope you mind, but I need to share this with my Buyers.
Please feel free to share.
Thank you! This was super helpful. Wish I'd seen it a few months ago! Any tips on how to find a good contractor and consultant??
I appreciate your videos and your explaining everything well thank you! Btw can you get any FHA loan with foreclosures??
Thank you
Thank you for sharing this. Your presentation was very informative. As a loan officer, I want to market the 203k loan idea for my clients in Virginia.
Great overview of the 203k thank you
Finally, someone who can explain this in english! Thank you!!
Great information for FHA 203(k) Loans
This video was very informative thank you
some of these are hard to get, i could refer a program i got easily
GREAT VIDEO! How do the interest rates on a 203k loan compare to traditional FHA loans and do you have an option to buy down the interest rate?
Beautifully executed!!As a realtor, here in the metro Detroit area. This loan can go really far! There’s a lot of multifamily and mix use properties, in the city of Detroit and surrounding areas. your video will definitely be the primary video that I send to my clients entertaining this option. Although you’re not license here in Michigan. Hopefully soon, I do have clients in the Florida and Texas region, that I will personally suggest you as their lender.
Do you know any lenders the detroit area?
Amazing!!!!
Well done
Great picture of what the 203K Loan is all about. And, much of what you revealed in this presentation can be applied to other application processes. Much appreciated MG! Continued Blessings to you, your family, and your team.
This was an exceptional video, you have a new subscriber. I did not know about 203k until last week, we made an offer on a house and our loan officers and realtor are not too familiar with 203k loans, so I wanted to be very familiar myself. Your video was absolutely priceless, wish we knew about this type of loan at the beginning of our house shopping process but it is alright. Thanks again.
some of these are hard to get, i could refer a program i got easily
When do you plan on being licensed in Ohio? Great Video! Thank you for the thorough details about the FHA 203K loan!
Hello Matthew, thank you for the gems you have shared.I'm interested in the 203k Standard but I noticed you do not cover AZ.Do you have and referrals for a good lender ?
Thank you Mg for all your videos I been learning and building my confidence. I know I want to use a fha loan. But there’s been a set back with my credit. Know I’m now trying to rebuild ..not giving up I want this generational wealth
@thecreditdude
Excellent video. I don't think my situation would ever make me eligible for this type of loan but I still listened in its entirety because it was good information and well presented.
Appreciate all this info. Just a quick question can I use my LLC for this type of loan?
Omg this was so informative! I never considered a rehab home because I assumed they were mainly for investors to fix and flip. I'm now thinking it's a great option as a primary residence. From one 🗽🍎 to another, thank you 🙏🏽❤
do you think you can do episode on obtaining mortgage loan using housing choice voucher to pay mortgage payments?
This video was very informative. I will share it with my grown children. So they don't make the same mistake there father and I did.
Such an amazing video. Thank you. Very impactful. Made me feel more comfortable with moving forward into the investment process.
My daughter is looking for a house and this info will benefit her greatly. Thank you for doing it.
Thank God for you my Brother. This is no doubt great information for me to start the process of acquiring my first home as well as beginning the journey of becoming a real estate investor. Gratitude my peoples N Dat MF'N Order! ✊🏿🏁
So what if you don’t have any comps in the area if zone allow you to change a duplex into a quad?
Can this apply towards the construction of an ADU? I'm considering buying a 4 unit where I'm renting out 3 of the units while living in one plus building and accessory dwelling unit attached to the property.
Where’s all the links you spoken about? Thank you
💎💎💎 great video. I plan to work with you in 2023. I appreciate you sharing the knowledge.
Wish I saw this a year ago but great information!
Thankyou for being real bought my triplex VA loan last year currently under contract on a 4 plex under a fha 203k standard no buyers agent 90 day close its hard and the fha self sufficiency test is hard to beat without finding a ugly duckling.
The best decision❤️❤️❤️❤️❤️❤️❤️❤️👍
The feasibility inspection report or SOR was 1000.00 it is 16 pages didn't know the 3-6 months payments had to be on it thanks.
I'm in Washington and wanted to know how I could get a 4 unit, live in one rent the rest, and this is a perfect strategy for buying below market value, and getting updated construction. Forced appreciation, this is it! I'd love to do this
Can I use a 203 Standard for mobile home? Placement of perc test, septic tank, etc?
Are these “rehabs” on Zillow? Where can we find these? I see houses that look abandoned with county signs and small writing you can’t read all over my town but no for sale signs.
Iam a first time buyer, I love this
Thanks for the great videos, I have a question that you or someone here can hopefully help me with. My grandfather has a property paid off in Miami, he wants to go back home and wants to take over the property. It needs a lot of work, pretty much would have to demo and rebuild, so the 203K loan would be perfect for this. If I aquire the property via a quitclaim deed, can I then get a 203k loan to do the repairs or does my grandfather need to sell it to me? My loan officer is not sure, so hopefully someone can help me out here. Thanks in advanced for your time and help. JP
MG...my wife and I looking to do A FHA 203k loan..man..your video is on point!!
We would love to help you. Here's the link to apply. www.applywithmg.com/optin1663174580377
As a first time home buyer is this the smarter route to go?
Great video. How do I find contractors that have experience with 203K in Atlanta area?
You stated you're licensed in PA? Does this mean you have some consultants in that area as well or just for the realtor end?
Does mortgage lenders look to badly on Credit inquiries I have a 740 across all bureaus but at 2-3 inquiries for each. I had a thin Credit file and needed to catch up. Please let me know, and I thank You and I appreciate it.
Where is the card link for the rental income link and all the links to the other videos you mentioned?
Is there a way I can schedule an appointment with you regarding loans?
Would you recommend doing an appraisal first to determine the potential equity you have in the property to determine the value for the principle loan plus the reno cost?
Also MANN APPRECIATE THE HELLA GEMS AND INFO SHARED IN THIS TUTORIAL!! WILL FOLLOW THIS TO THE T!!!!!!
When will you add Ohio to your arsenal of states? I would Love to use your services.
MG, I live in Texas. I'm looking to purchase a fourplex with 203K, and have questions your services. How do I contact you?
My question is If start a new bank account for my "Real Estate Funds" do I still have to show how this account is being funded ie: Job. Would my check stubs and W2 be enough verification., or will I have to provide the bank statements from the account in which my paychecks are being DD into? My concern is for NACA and having to write all the 'LOE" for my everyday purchases with my primary account.
For a regular primary home closing. Do I need a lawyer to close?
Can u please do heloc loans next please
Do you have any connections in the Detroit area
Very informative 💪🏾💪🏾💪🏾👏🏾👏🏾👏🏾 The wife and I have been looking at a spot for a while but we both knew it was going to need some work. Great video. 203k I'm otw lol
With the business bank account, you said direct deposit. Can this be a transfer into the account?
Would a HUD Consultant be able to possibly link me with a contractor that they are familiar with?
Should I find the home first before applying for the loan? I worry to find the home and not be able to qualify for it.
Should I FHA first, or subject to !?
I’m a first timer looking for property to rent and house hack !?
What if you are receiving social security?
Too much of a hassle for me right now I’m trying for USDA
This is so helpful!! My next question is how much of a loan should be considered?
some of these are hard to get, i could refer a program i got easily
With a 203K limited would I be able to convert a detached 2 car garage into a tiny guest house?
I was told that I don't qualify for FHA203K on a particular home I love because the interest rate is 1 point higher than a regular FHA loan.