Student Loans

Iowa Student Loans Liquidity – 2021 Conventional Loan Requirements (NEW And Complete Guide)

iowa-student-loans-liquidity-2021-conventional-loan-requirements-new-and-complete-guide

Iowa Student Loans Liquidity – Whats The Best?

Can you get a Conventional loan in 2021? Here’s everything you need to know to find out!

– Loan limit lookup → https://www.fhfa.gov/DataTools/Tools/Pages/Conforming-Loan-Limits-Map.aspx
– HR/HP AMI map → https://ami-lookup-tool.fanniemae.com/amilookuptool/
– LTV chart → https://singlefamily.fanniemae.com/media/20786/display

GET A LOAN OFFICER REFERRAL ANYWHERE IN THE US:
https://winthehouseyoulove.typeform.com/to/TcNQxCqe

STUDENT LOAN SAVINGS CALCULATOR
https://www.myloansense.com/win-the-house-you-love/

FREEBIES:
✅ Max Purchase Price Calculator: https://winthehouseyoulove.com/max-mortgage-payment-download
✅ 7 Proven Ways To Save Thousands On Your Home: https://winthehouseyoulove.com/free
✅ Listen To The Podcast: https://plinkhq.com/i/1493715474

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0:00 Conventional loan requirements
0:24 Overview
2:18 COVID Changes
3:48 Down Payment/Closing Costs
6:19 Credit Requirements
7:47 Credit Events
8:22 Student Loans
10:32 Rates
11:33 Mortgage Insurance
13:16 Property Requirements
13:54 Example Homes
14:47 Loan Limits
15:48 Appraisals
17:30 Employment
18:42 Debt-To-Income Ratio
21:35 Seller Credits
22:49 Special Requirements/Features
26:00 HomeReady/HomePossible
27:28 Refinancing
28:41 Cost Comparison
31:13 Seller Perception
32:49 How To Apply
34:29 The 4 Main Types Of Loans

LEGAL:
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*Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses.
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Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

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27 Comments
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27 Comments

  1. Win The House You Love
    July 25, 2021 at 9:56 pm

    Clarification: on Freddie Mac student loans, IBR will work IF the payment is above $0/mo. Often, I see IBR reflected as $0/mo on the credit report which will require the 0.5% payment requirement in the DTI.

  2. Kenisha Smith
    July 25, 2021 at 9:56 pm

    Thank you so much!!! I could have already bought my house but I thought I needed 20% down payment to qualify for a conventional loan, so I just kept saving and saving, thank God you cleared that up! At least I’ll have additional money in my savings after putting 5% down. PS I just subscribed!!!

  3. Stella Ngwe
    July 25, 2021 at 9:56 pm

    Thank.you for the knowledge

  4. S C
    July 25, 2021 at 9:56 pm

    Very helpful, thank you

  5. Kavan Jani
    July 25, 2021 at 9:56 pm

    Hi what do you think about locking rates for 6-9 months?

  6. Lamont Scales
    July 25, 2021 at 9:56 pm

    Man he broke this ALL THE WAY DOWN! Thank you my friend!

  7. Yency Martinez
    July 25, 2021 at 9:56 pm

    Awesome video! You would be an excellent teacher

  8. Me and anime t love
    July 25, 2021 at 9:56 pm

    But you forget something in the 2year w2 tax return if one say you made 80k but the second one say 40k you have a problem lenders you will go in the middle so that mean you made only 60k in some people because of cov19 loss them job so you have to wait 1 year in addition in order to qualify for a loan

  9. Brian Stevens
    July 25, 2021 at 9:56 pm

    You kind of messed up the IBR for freddie thing.

  10. C Green
    July 25, 2021 at 9:56 pm

    Is it too late to ask to put 5% or more if you are still in underwriting or done with underwriting but haven't closed yet to try and lower my rate right now im at 3% dwn

  11. Aly Calabria
    July 25, 2021 at 9:56 pm

    I’m already homeowner but I really enjoy how clearly this is explained. This is a great information source for me to share with friends and family. Thank you.

  12. Alejandro Guimoye
    July 25, 2021 at 9:56 pm

    I'm a business owner, but pay myself with W2 + bonuses. Is it better to apply as "employed" (since I have the W2s to show steady income) or as "self employed/business"? Thanks man!

  13. Maureese Thomas
    July 25, 2021 at 9:56 pm

    Hi I just want to ask the question I’m living in New York City as you know New York City is very expensive most of the houses here now I’m going for $700,000 to 800,000 with that price but I still be with you qualify for FH a loan

  14. Jessica Richards
    July 25, 2021 at 9:56 pm

    Literally just watch you because you’re attractive

  15. Sweet Petals
    July 25, 2021 at 9:56 pm

    Best 30 min I’ve spent on YouTube hands down! Ty

  16. James
    July 25, 2021 at 9:56 pm

    what would underwriter look for with a retiree receiving social security & pension, no longer working any job?

  17. Talymo
    July 25, 2021 at 9:56 pm

    I’m so confused at 20:59 because I make close to $100,000 a year and there is no way i could afford a $4,000 mortgage payment a month. Even with zero debt. How are you getting these numbers? If I had a mortgage payment that big I would be living on $1000 to last me the rest of the month. Internet, electricity, groceries, car insurance, phone payment, medicine, etc… would eat all of that up in a heart beat.
    How is that possible?

  18. Nova Yeung
    July 25, 2021 at 9:56 pm

    Thanks 🙏

  19. Gameplay Stop
    July 25, 2021 at 9:56 pm

    If you get a conventional loan and put 5% as down payment, clearly less than 20%, would you have to pay for private mortgage insurance?

  20. Bruk Yohannes
    July 25, 2021 at 9:56 pm

    Thanks for video it's really helpful socially like me first home buyers same time I like start Realstate business so am watching almost all your video

  21. Denis Satria
    July 25, 2021 at 9:56 pm

    I am looking to purchase a house in less than 3 months. I just recently moved to the US in August 2020, but I have been working for the same company for over 4 years . Since I was working not under US entity so I do not have w-2 and no US tax filing document for 2 years. I only have w-2 from 2020. Am I still qualified for conventional loan? or i will need to go with FHA loan? Thanks for your help.

  22. C. Dee
    July 25, 2021 at 9:56 pm

    Is the home appraisal included in the closing cost, or is that paid separately?

  23. Moon Choi
    July 25, 2021 at 9:56 pm

    Thank you

  24. Giselle Cataneo
    July 25, 2021 at 9:56 pm

    For the employment does it need to be in the state you are applying for?

  25. Olympia Lopatin
    July 25, 2021 at 9:56 pm

    My broker told me to save $15-$20,00 for closing on a $520 condo in NY. He never mentioned I could ask seller for closing cost or types of grants. Any advise from anyone.

  26. Donika Tod
    July 25, 2021 at 9:56 pm

    Wait, the 80% income limit – does that mean you have to make AT LEAST that or AT MOST that?

  27. Donika Tod
    July 25, 2021 at 9:56 pm

    So comprehensive. Thank you! Thanks for the new appraisal request tip. However, you do have to pay for each appraisal separately out of pocket, so that's something to have in mind.