2024 FHA loan guidelines versus 2024 conventional loan guidelines for 1st time homebuyer

Описание: In this episode i compare the 2024 FHA loan guidelines to the 2024 conventional loan guidelines. This will help you determine if an FHA loan or a conventional loan is better for you. The items covered are
01:33 FHA loan credit requirements
04:41 Biden's loan lever price adjustments
05:21 Down payment requirements for an FHA loan
06:00 Conventional loan down payment requirements
06:30 Updated conventional loan house hacking guidelines
06:52 conventional loan vacation home and investment property guidelines
07:43 Occupancy requirements for an FHA loan
08:01 Do conventional loans have better rates than FHA loans
08:21 Differences in mortgage insurance between and FHA and conventional loan
09:52 LTV explained and an example
11:34 How to drop mortgage insurance on an FHA loan
12:12 DTI requirements for FHA and conventional loans
13:19 2024 FHA and conventional loan limits
14:24 The negative seller perception for FHA loans
15:22 appraisal differences for FHA and conventional loans
16:00 What is the amendatory clause for an FHA loan

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