Everything You Know About FHA is WRONG

Are you a first time home buyer considering buying a home in 2024 but unsure about using an FHA Loan because of something you heard? Is FHA a bad loan? Which loan program is right for you? What are the fha loan requirements? In this conversation, Josh Lewis and Jeb Smith debunk the top myths and misconceptions about FHA loans to help you become The Educated HomeBuyer

⏩FHA vs Conventional - First Time Home Buyer Guide -    • FHA vs Conventional - First Time Home Buye...  

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✅FHA loans are not limited to first-time home buyers and can be used by anyone who meets the eligibility criteria.
✅FHA loans do not have higher interest rates compared to conventional loans and can often offer lower rates.
✅FHA loans are not only for low-income buyers and can be used by borrowers with various income levels.
✅FHA loans can be used for higher loan amounts, including in high-cost areas.
✅FHA loans can be used for condos and townhomes, but the property must be FHA-approved.
✅FHA appraisals are not more stringent than conventional appraisals and focus on health and safety issues.
✅FHA loans can be used for fixer-uppers through the FHA 203K loan program.
✅FHA loans have mortgage insurance, but it can be removed through refinancing or reaching a certain loan-to-value ratio.
✅FHA borrowers are equally qualified and should consider FHA loans as a viable option.

Chapters
00:00 - Debunking Myths and Misconceptions about FHA Loans
01:30 - Loans are Not Only for First-Time Home Buyers
04:00 - FHA Loans Do Not Have Higher Interest Rates
06:47 - FHA Loans Are Not Only for Low-Income Buyers
08:52 - FHA Loans Are Not Only for Borrowers with Low Credit Scores
11:55 - FHA Loans Can Be Used for Higher Loan Amounts
13:38 - FHA Loans Can Be Used for Condos and Townhomes
17:08 - FHA Appraisals Are Not More Stringent
24:57 - FHA Loans Can Be Used for Fixer-Uppers
31:06 - FHA Loans Have Mortgage Insurance, but it Can Be Removed
35:14 - FHA Borrowers Are Equally Qualified

Connect with me 👇

Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
➡I N S T A G R A M ➳   / jebsmith  
➡Y O U T U B E ➳   / jebsmith  

Connect with me 👇
Josh Lewis (Huntington Beach Certified Mortgage Expert)
NMLS ID: 234220 | CA DRE: 01209148
United American Mortgage | NMLS ID: 1942
➡I N S T A G R A M ➳   / borrowsmartjosh  
➡Y O U T U B E ➳   / buywiseborrowsmart  

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