10 FHA Loan Down Payment TIPS AND TRICKS

Down payments don't have to be tricky! We'll cover the ins and outs of FHA loan down payments so you're ready when you need to buy.

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RELATED VIDEOS

1) How Do You Increase Your Home's Equity?

2) Can You Use Your Equity To Buy Another House?

3) FHA Loan Requirements (2019 & 2020)

4) FHA vs Conventional Loans

5) How To Buy An Investment Property With An FHA Loan (House Hacking)

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0:00 10 FHA Loan Down Payment TIPS AND TRICKS
0:12 Down payment
0:42 Two minimum down payments
6:28 Sources that FHA allows for gifts
8:42 FHA refinance to Conventional
10:54 How to get credit from a lender towards closing cost

--- Legal ---

Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

[SkyLifeIND]

I’d like to compliment this guy on a few things:

1. Thank you for getting straight to the point and not wasting time in the beginning asking people to “hit that thumbs up button and be sure to subscribe”🙄🙄🙄

2. Thanks for speaking in a calm tone that is clear and breaking your knowledge down in a way people can understand and not lose attention to.

3. Awesome haircut! Very nice fade on the sides!👌🏾

[WinTheHouseYouLove]

Timestamps for y'all:

0:48 Your credit score and minimum down payment
1:44 $100 down program
2:22 Why down payment assistance isn't good
3:24 Where does the down payment come from?
5:15 Using a loan for a down payment
6:10 Gift funds
6:29 Who can give gift funds?
8:44 FHA loan strategy you need
9:30 What you need to do if you have an FHA loan
10:40 Using FHA to pay closing costs

[shaundocmcgowan]

This is the best breakdown of FHA and strategy to get out of it that I've heard or read anywhere. Thank you!

[ang]

his voice got such a soothing, calming effect on me... I am not in the market but I just love hearing your voice!!

[flogol]

You are truly a Blessing for those who are doing their homebuying research 🙏. Thanks for not wasting time and getting to the point. I am in the process of starting my homebuying adventure and searching for true, honest and keeping it real information. You are the best. Hope I can reach out for more questions to you!thanks again for sharing 😊.

[Simpliyvonne]

Thank you much for this video . I am planning on buying a house because I don’t think renting makes sense for me . I had no idea you could refinance and later get a conventional loan . That literally changes everything for me . Again thank you for your knowledge 😊.

[sunkim]

I'm not in the best time of my life right now, financially and personally, and with the whole COVID-19 tragedy, I was honestly getting depressed. You videos giving me a hope and I think I will look into buying a fourplex as my first home. Really appreciate your knowledge sharing videos!!!

[KCelyce]

Your voice 😩 I can listen to you all day. Thanks for the information !

[tomboydee]

Wow this is the best video ive seen that he actually broke it down for us to understand THANK YOU new subscriber here

[mrmagorium]

Been looking for a HUD REO home on the HUD HomeStore. $100 down is incredible! Going to pair that with the 203k option and refi 12 months later. IRR is going to be JUICY!

[robertcornelisse]

I been studying fha for the last 2 years. I knew 75% of what you explained in this video...thank you so much for the 25% i didn't know. This video is gold. My wife and i want to buy a house with a fha203k. We found out it's really complex to buy a house.

[MaggyDreamer]

I’m currently looking to buy a house and I was looking into down payment assistance for mostly closing costs but this strategy makes so much sense! I wasn’t thinking long term and you completely changed my game plan in such a positive way!! Thank you!!

[tiffanycoleman]

Wow, this was the by far the best breakdown of an FHA loan down payment! Thank you so much!

[karinaalvarez]

I just Want to thank you SO SO MUCH! My "Loan Officer" wasted a whole 3 months of my life just recently and NEVER took the time to sit down with me and my husband to break this whole FHA loan down! This makes so much more sense to me now! This whole thing is actually pretty confusing when you're a first time home buyer!

[REI-]

Wow! Amazing! You answered all my questions with this video. I’m actually house searching now. I got pre approved for an FHA loan. This video is exactly my situation. Thank you so much for your information. It’s really helping.

[helloamericanbabi]

I really like the worksheet along with the oral information. You're really good at explaining and easy to understand. Thank you!

[nikasiamashvili]

You make it really easy to retain the information with your clear real world scenarios !! You just gained a subscriber:)

[presidentialdre]

Bro this is UNREAL HELPFUL! Wow brother keep dropping 💎’s.

[justintrussell]

I have never watched any of your videos but it came up because I have been looking into FHA Loans. Your video is the hands-down best video on FHA loan strategy or FHA Loans. Got an instant subscribe from me for this one. I love the way your mind works and you were able to clearly explain so many things so quickly, so thank you for making this video.

[amandatex]

Really, the best video out there, hands down. yYu must have been a teacher in another life. You explained everything in a way that I understood, and I feel more confident now when dealing with my mortgage broker. I loved the idea about higher interest rate, to switch over to conventional. This is something not taught!! Ty