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728 Credit Score – NEW FHA Loan Requirements – First Time Home Buyer – FHA Loan 2021


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Are you a first time home buyer interested in buying a house using an fha loan in the 2021 housing market? What are the most recent FHA loan requirements? In this video, Huntington Beach Realtor, Jeb Smith discusses fha loans and the fha loan requirements 2021 like downpayment, credit scores, mortgage insurance as well as employment and income when buying a home.

Do you still have questions about FHA Loan 2020 – FHA Loan Requirements – First Time Home Buyer –

🏠 – First Time Home Buyer Course –
✅ – Get a Referral to a Mortgage Lender or Realtor –

What is a fha loan? An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender.

➡ What is fha mortgage insurance? Mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment.

➡ What is the current upfront mortgage insurance premium for fha loans? The UPMIP is currently at 1.75% of the base loan amount. This applies regardless of the amortization term or LTV ratio.

➡ How do you calculate the monthly mortgage insurance premium for an fha loan? Purchase Price x Percent of Amount Financed x 1.0175 x .0085 / 12

Example Below using a $350,000 purchase price putting 3.5% down:
$350,000 x 96.5 = $337,750
$337,750 x 1.0175 = $343,660
$343,660 x .0085 = $2,921.11
$2921.11 / 12 = $243.43 / month

FHA loan 2021 requirements

✅FICO® score at least 580 = 3.5% down payment.
✅FICO® score between 500 and 579 = 10% down payment.
✅MIP (Mortgage Insurance Premium ) is required.
✅Debt-to-Income Ratio less than 43%. (Actually you can go much higher than this)
✅The home must be the borrower’s primary residence.
✅Borrower must have steady income and proof of employment.

FHA Videos You May Find Helpful:

➡How to calcuate PMI on a FHA Loan – How to get rid of PMI – FHA Loan 2020 –
➡FHA Loan Qualifications – First Time Home Buyer – FHA Loan 2020 –
➡FHA Loan 2020 – FHA Loan Requirements – First Time Home Buyer –
➡FHA Pros and Cons – First Time Home Buyer – FHA Loan 2020 –
➡Buying a home using FHA – First Time Home Buyer – FHA Loan 2020 –

Home Buying Videos You May Find Helpful:
➡5 Most IMPORTANT Steps to writing an offer on a house – First Time Home Buyer –
➡ Buying Real Estate in a CRAZY Market –
➡Step by Step Process of Buying a House in 2020 –
➡Do I get my deposit back if I cancel escrow? –
➡What Stays when buying or selling a house? –
➡Appraisal vs Home Inspection –

I hope you appreciate this update on fha loans for first time home buyers for the housing market 2020 california as well as this real estate market update from your local Huntington Beach Real Estate Realtor, Jeb Smith.

Please let me know your thoughts below: what are your predictions for the housing market 2021 forecast and the housing market 2021 california? After watching this video, do you believe you should be buying a home this year or if now is the best time to sell a house?

Do you believe a house market crash 2021 or real estate bubble will happen? If so, why? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate?

Jeb Smith (Huntington Beach Realtor/orange county real estate)
DRE #01407449
Coldwell Banker Realty
I N S T A G R A M ➳

To never miss a video about personal finance & real estate related topics, please subscribe to my channel & then hit the bell notification here ➜

Other videos you might find helpful:

➜➜Why a Housing Crash Isn’t Likely In 2021 – Housing Market Update –

➜➜Foreclosures and Evictions Extended Again –


➜➜Mortgage Rates Update and Housing Market 2021 Forecast –

➜➜What does a BIDEN Housing Market look like – Housing Market 2021 Forecast –

➜➜Buying Real Estate in a CRAZY Market – Housing Market 2020 Real Estate Market Update –

#HousingMarket2021 #RealEstate #FHA

Thanks for watching the 728 Credit Score video!

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  1. Jeb Smith
    August 1, 2021 at 3:55 am

    Still have questions about an FHA loan? Watch this "FHA Loan Requirements and First Time Home Buyer Frequently Asked Questions" –

  2. Richard Branch
    August 1, 2021 at 3:55 am

    834 TranUnion/ 829 Equifax. Was looking to purchase $61,500.00 house with FHA referred to conventional loan for FICO. But don’t have income for conventional loan to even to consider. THEY referred me back to FHA. Should I collect more debt to decrease credit?

  3. Kushtrim Restelica
    August 1, 2021 at 3:55 am

    Amazing video. And yes you were right about the market. 👍 thank You!

  4. Raquel Rivera
    August 1, 2021 at 3:55 am

    Do you need proof of rent payments? Could they require that?

  5. Jamie Obryan
    August 1, 2021 at 3:55 am

    This video is so great! Thank you. This helps me so much understand what I need and so on before purchasing a house.

  6. Kaybe Saidso
    August 1, 2021 at 3:55 am

    Could you use a FHA loan and Down Payment Assistance?

  7. Marie Lynn
    August 1, 2021 at 3:55 am

    Thank you for sharing this information!

  8. Anthony Gallo
    August 1, 2021 at 3:55 am

    Great video need more people like you !

  9. High Virtue
    August 1, 2021 at 3:55 am

    What is the 1.0175 represent in your bio ?

  10. lady breeze
    August 1, 2021 at 3:55 am

    Thank you so much for this information! You are so very helpful.

  11. Abner Sanchez
    August 1, 2021 at 3:55 am

    Jeb, LeBron or Jordan??

  12. Evan Kieser
    August 1, 2021 at 3:55 am

    Hey Jeb, great videos! I continuously watch your newly uploaded videos.
    My questions for you is: do I still need 2 years of tax returns if I’m self employed? Or do I just need to show upcoming work?
    I run my own painting company and next text season will be my second year filing taxes for my business.

  13. Top Shelf Promotions
    August 1, 2021 at 3:55 am

    Jeb good afternoon! George here. Can I use a fha??
    I'm 26, I make 2000 a month, I work at a foster home and get paid cash. Been working there for a year plus. Credit score is 708, I'm interested in my first home for sale for 180k, the home used to be a duplex, but was converted into a 4bedroom home and now for sale. Whats my next steps!? Go to the bank and let them know I want to buy this property that generates income?

  14. Jeremy Marquez
    August 1, 2021 at 3:55 am

    First time watcher you guys subscribe, this is be free watching, I'll call me again after, I'm looking forward to hearing about the multi-family capability with first-time home buyer with FHA loans.

  15. Infamous_ King
    August 1, 2021 at 3:55 am

    How much credit history to you have to have to apply for an FHA loan

  16. The Fastest Cowboy
    August 1, 2021 at 3:55 am

    So if I'm not us citizen, can i apply for this loan?

  17. larissa linares
    August 1, 2021 at 3:55 am

    What is unit?

  18. Ginny Kipling
    August 1, 2021 at 3:55 am

    Does anyone know if there are acreage limits for FHA loans? TIA!

  19. Faith W.
    August 1, 2021 at 3:55 am

    Do you have a video on FHA and student loans? Thank you

  20. Jenny Park
    August 1, 2021 at 3:55 am

    Do units refer to the number of bed rooms?

  21. Tabitha Marlow
    August 1, 2021 at 3:55 am

    Subscribed and messaged you on Facebook. Need help starting this whole process. Thanks for all the info!

  22. L M
    August 1, 2021 at 3:55 am

    What’s the max % down payment can you do on an FHA? We know the minimum is 3-10% but what’s the maximum for FHA?

  23. vivian chapman
    August 1, 2021 at 3:55 am

    How can you help someone who don’t have a credit score . And how would that person be able to build a credit score.

  24. Steven Phelps
    August 1, 2021 at 3:55 am

    That's not the problem for me in California. Finding a house and competing with investors is the problem.

  25. Nathaly Inoa
    August 1, 2021 at 3:55 am

    Thanks so much! As being a first time home buyer and the first in the fam (here in NY), trying to gather as much information as possible! This can definitely be intimidating but won’t know until we try. Where can we go to see a mortgage expert? I’ve been researching but new to it all.

    Loved this vid btw! So clear, and straight to the point. Thank you so much ❤️ Will be subscribing!

  26. Taco Online
    August 1, 2021 at 3:55 am

    I'm trying to do an fha 203k refi in georgia and can barely get a call back to say they don't do it anymore

  27. Randy King
    August 1, 2021 at 3:55 am

    Can I still apply for FHA if I'm on disability for over 5 years?

  28. XavierHex
    August 1, 2021 at 3:55 am


  29. Chad Langer
    August 1, 2021 at 3:55 am

    Jeb idk if you'll see or read this but I'm wondering with a credit score of 620-640 range what kind of interest rates would I be looking at seeing as I do qualify for FHA and I have everything else I need to qualify…..lets say on a 130k house with 3.5% down?

  30. Luv me Love
    August 1, 2021 at 3:55 am

    Hi How soon after a bankruptcy can you buy a home?
    Great videos! Thanks

  31. Cheetra Piggee
    August 1, 2021 at 3:55 am

    New subscriber!! Trying to buy my first house…
    Do you have an email address? For subscribers.