NEW FHA LOAN REQUIREMENTS (2022)

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00:00 Intro
00:21 What is FHA & How Does it Work?
00:42 What Will I Need to Qualify?
01:55 FHA Requirements For Your New Home
02:46 Quick Tip
02:58 Cash Out Refinancing With FHA?
03:12 FHA 203K Loan

Hey guys, thank you for checking out my video on the new FHA Loan requirements for 2022. Compared to a Conventional Loan, the FHA Loan is a better alternative for people who may have a lower credit score or if you don't have a lot of money saved for a down payment.

If you are buying a home and you are approved for an FHA loan, keep in mind that some sellers do not prefer FHA to a Convention Loan, due to FHA guidelines requiring appraisers to look for certain defects that could pose habitability concerns or health, safety, or health security risks. Additionally, if the contract between the seller and yourself falls through and the seller does decide to list again, the appraisal stays with the property for 120 days. Meaning, that if the home values in that location were to go up in that time period, the seller would not be able to list the home for a higher price.

Thank you so much for taking some of your valuable time to watch my video! For business matters (hiring me as your Realtor in Florida, Referrals, or Sponsorship), all of my contact info can be found on my website. If you are not in Florida and you have a question for me, please reach out to me in the comments section or on social media.

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