Hellow guys, Welcome to my website, and you are watching NEW Conventional Loan Requirements 2024 - First Time Home Buyer - Conventional Loan 2024. and this vIdeo is uploaded by Jeb Smith at 2024-01-22T05:15:01-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | NEW Conventional Loan Requirements 2024 - First Time Home Buyer - Conventional Loan 2024 |
| Video Uploader | Video From Jeb Smith |
| Upload Date | This Video Uploaded At 22-01-2024 08:15:01 |
| Video Discription | Are you a first time home buyer interested in buying a house using a conventional loan in the 2024 housing market? What credit scores do you need? How long do you need to be employed? How much downpayment does conventional require? In this video, we are going to discuss the 2024 conventional Loan Requirements, answer some common questions around conventional loans and touch on the pros and cons of a conventional mortgage. ✅ - Get a Referral to a Mortgage Lender or Realtor - http://www.jebsmith.net/referral Watch this NEXT ⏩ Comparing Monthly Payments on FHA vs Conventional Loan - First Time Home Buyer- https://youtu.be/6N-mUJAKTak RESOURCES: 🏠 - First Time Home Buyer Course - http://www.becominghomewise.com 🎙- The Educated Home Buyer Podcast - @TheEducatedHomebuyer Spotify - https://open.spotify.com/show/3Ho4sTORqrLYlkBwWUkSBA Apple - https://podcasts.apple.com/us/podcast/the-educated-homebuyer/id1611226020 Other Loan Programs you may consider: FHA Loan Requirements 2024 - https://youtu.be/CApGLR5u6j0 VA Loan Requirements 2023 - https://youtu.be/vkK-7lHC6lE USDA Loan Requirements 2023 - https://youtu.be/CG-m8iYP3lI What is a conventional loan? A conventional loan is a type of mortgage loan that is not insured or guaranteed by the government. Instead, the loan is backed by private lenders, and its insurance is usually paid by the borrower. Conventional loans are much more common than government-backed financing. Loan limit for standard and high balance conforming: 1 unit - $766,550/$1,149,825 2 units -$981,500/$1,472,250 3 units - $1,186,350/$1,779,525 4 units - $1,474,400/$2,211,600 Check the loan limits in your area: https://singlefamily.fanniemae.com/media/document/xlsx/loan-limit-look-table Conventional loan requirements 2023: ✅FICO® score at least 620 ✅3% minimal down payment required ✅MIP (Mortgage Insurance Premium ) is required when putting less than 20% down. ✅Debt-to-Income Ratio less than 45%. (Actually you can go much higher than this) ✅The home can be a primary residence, second home or investment property ✅Borrower must have steady income and proof of employment. ✅Assets may be required at closing. I hope you appreciate this update on conventional loans for first time home buyers for the housing market 2024 california as well as this real estate market update from your local Huntington Beach Real Estate Realtor, Jeb Smith. Please let me know your thoughts below: what are your predictions for the housing market 2024 forecast and the housing market 2024 california? After watching this video, do you believe you should be buying a home this year or is now is the best time to sell a house? Do you believe a house market crash 2024 or real estate bubble will happen? If so, why? What are your thoughts on the Orange County real estate market and the potential real estate crash for orange county real estate? Jeb Smith (Huntington Beach Realtor/orange county real estate) DRE 01407449 Coldwell Banker Realty I N S T A G R A M ➳ https://www.instagram.com/jebsmith T I K T O K➳ https://www.tiktok.com/mrjebsmith #mortgage #housing #realestate |
| Category | Entertainment |
| Tags | first time home buyer | buying a house | real estate | first time home buyer tips | california | huntington beach | jeb smith | conventional loan | conventional loan requirements | conventional | conventional vs fha | conventional loan vs fha loan | fha | realtor | fannie mae | conventional loans explained | conventional loan vs fha | fha loan | conventional loan requirements 2022 | mortgage |
