NEW LOW Down Payment Mortgages Are Here (Put Just 1% DOWN)

NEW low down payment mortgages are finally here! You’ve heard about five percent down, you’ve heard about three percent down, but what about only one percent down mortgages? What if you could come to closing with over $5,000 of free money to help you buy your first or next home? Even better, what if you could use that home to build your rental property portfolio? Today, the Mortgage Monday duo will show YOU how to buy a home for way less than you think.

Christian and David are back to go over the best low-money-down mortgage options around. But this time, we have a couple more mortgages you may have never heard of. These mortgages will allow you to DRAMATICALLY decrease your cost to close, but you’ll need to make sure you’re eligible before you bet on getting one of these home loans. Stick around because we’re going to tell you where to find them!

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00:00 The Down Low on Low Down
01:23 Want to Invest in 2024?
02:06 "Hack" Your Mortgage
03:10 3.5% Down FHA Loans
05:38 0% Down VA Loans
06:21 1. Purchase Plus (FREE $5,000 GRANT!)
09:07 2. One Plus (Put 1% Down!)
11:15 Second Home Loans
12:15 Work with Christian and David!

[tylerbrobst]

Love this channel and have learned a lot. In previous episodes they have downtalked "bootcamps" and are now advertising it. Please dont ruin a good thing.

[KenanHeppe]

I think it would be beneficial to always remind viewers what the legal definition of “first time homebuyer” is, because it’s not what it sounds like.

[AllinOneHomeInspections]

What are the current cities for the Purchase plus program. You said there over 50 cities but when i google it there are only 6 citites?

[Wildenfree]

Would it still count as a primary home if I left for 6 months on a digital nomad visa?

[Itsluis_]

Additional info for OnePlus program: maximum grant amount is for $7000 meaning the loan max amount can only be for $350, 000.

[SMPilot]

When did PMI on an FHA loan become permanent? I bought my house in 2010 VIA FHA and 7 years later I had 20% equity and I had PMI removed. I didn't have to refinance.

[brendanc]

Terrific information!! Caint wait to hopefully buy my first primary residence in the fall( A 4plex)!! Keep the great information coming!!😁👍👍

[cameronobrien]

This is excellent information. The ONE+ will work for me and I'm getting ready to put my first house up for rent soon.

[RichardSimmons]

Is the AMI based on the zip code you currently live or the one you are targeting buying in?

[michaelgonzalez]

For the AMI Do I have to buy a home in that zip code that my income is qualified to ?

[rosegordon]

I didn’t know about these mortgages. Thank you

[delontamcclain]

awesome info guys, i really needed this. I will look into this Thank you

[noname-pfq]

Ehhh. Not for me. PMI is a no go for me. Gotta be 80% LTV to avoid that. If I can’t afford 20% down then I probably can’t afford the deal anyway. Even at 1%. PMI is insane and I’m paying for the banks insurance that I get 0 benefits from. F PMI.

[mikeelledge]

In this market as well as is what is forecasted to be ahead. 1% down payment buyers aren’t going to be competitive enough to win the deal in most cases.

[marylouko]

Question: interested in purchasing a condo/townhome as investment property only. What loan products that I qualify for first time home buyer ? Not sure what would benefit me the most.. thanks 😊

[robbysanchez]

When putting less money down, does it make it harder to cash flow?

[TJ-thhw]

Great informative content as always! Thanks

[reyessuarez]

Guys are you already lending in Chicago il or not yet??

[Angel-gtms]

Wait, the VA Home loan has NO down payment HOWEVER, there is STILL a closing cost fee, which is 3.5%. Don’t forget that guys.

[DEFIRYAN]

Soon they gonna pay you to buy a house