The 1st Time Homebuyer Show w/ Gizmo by House Rich

I discuss 2023 FHA loan limits, FHA loan DTI requirements, FHA appraisal, FHA loan down payment requirements, FHA loan seller concessions, house hacking with an FHA loan, FHA amendatory clause,  FHA 203k Rehab loan and a lot more 

 FHA rehab loan: https://youtu.be/DsHkwCCQIzc

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.  

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Email: [email protected] 

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture coins-n-culture

Bruce’s Beach, an oceanfront property in Southern California that was taken from Black owners in the Jim Crow era and returned to their descendants last year, will be sold back to Los Angeles County for nearly $20 million, county officials said Tuesday. 

Gift of equity video: https://www.youtube.com/watch?v=q6lWdaTk8H8

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. 

Email: [email protected] 

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture coins-n-culture

These are actionable steps you can take to buy your first home. The steps in this episode are 1) listen to the episode to find out 2) determining your home ownership goals & property types 3) determine the price range you want to buy in 4) determining your home ownership budget 5) figure out how much money you need to buy a home 6) the mental aspect of buying a home 7) questions to ask a lender 8) questions to ask a realtor 

Watch on YouTube: https://youtu.be/cCI2zoVioak

DIY credit course- https://youtu.be/-BvQpQyMAPY 

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

 Email: [email protected] 

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool 

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs 

TikTok https://www.tiktok.com/@coinsnculture

 IG- https://www.instagram.com/coinsnculture/

 @coinsnculture coins-n-culture

The USDA loan provides low- & moderate-income households the opportunity to own adequate, modest, decent, safe and sanitary dwellings as their primary residence in eligible rural areas. Eligible applicants may purchase, build, rehabilitate, improve or relocate a dwelling in an eligible rural area with 100% financing. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers – so no money down for those who qualify!

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Home Buyer Education

Home tips on the go, listen to the podcast https://www.houserichshow.com

Email: [email protected]

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture

coins-n-culture

USDA Eligibility Map: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfhprev

Fannie Mae, one of the largest buyers of mortgages in the US, recently made updates to its automated underwriting system to make getting a mortgage more accessible to borrowers who don't have a credit score. I break down how this impacts the "credit invisible" community obtain a conventional loan easier.  

https://www.businessinsider.com/personal-finance/fannie-mae-expands-mortgage-access-borrowers-no-credit-score-2022-12

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. 

Email: [email protected]

 First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture coins-n-culture

In 11 major U.S. metros rent declined, with the largest drops in Milwaukee, Minneapolis and Baltimore. The median U.S. asking rent in October rose 7.8% year over year to $1,983, the smallest annual increase since August 2021. October marked the second-straight month of single-digit rent growth following roughly a year of double-digit gains. It was also the fifth-consecutive month in which annual rent growth decelerated, with rents rising at about half the pace they were six months earlier. Rents declined 0.9% on a month-over-month basis. https://www.redfin.com/news/redfin-rental-report-october-2022/ 

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

[email protected] 

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture coins-n-culture

My quick thoughts on Federal Reserve raised interest rates 5.% on Wednesday, a smaller increase than in recent months and an acknowledgment that inflation is finally easing. The increase marks a shift for the Fed after an unprecedented year that includes seven-straight rate hikes as part of an aggressive campaign to try and bring down the highest inflation since the early 1980s. This is how this rate hike will impact the 2023 housing market.

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. 

Email: [email protected] First Time Home Buyer School- https://www.facebook.com/groups/fthbschoolHome Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKsTikTok https://www.tiktok.com/@coinsncultureIG- https://www.instagram.com/coinsnculture/@coinsnculture coins-n-culture

The 11 2023 housing market predictions from 2023 from Redfins article "Housing Market Predictions 2023: A Post-Pandemic Sales Slump Will Push Home Prices Down For the First Time in a Decade." 

 1.Home sales will fall to their lowest level since 2011 2.Where interest rates will go 3.Home prices prices will depreciate the largest in 10 yrs and foreclosures... 4.These markets will be fine 5 Where rents will go 6. Builder will change their focus 7.Investor activity 8.Gen Z'er reaction 9. Will folks continue to migrate 10.These homes will be more expensive 11. Will cities copy Minneapolis   

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Email: [email protected] 

First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture coins-n-culture

An assumable mortgage allows the buyer to purchase a home by taking over the seller's mortgage loan. One reason buyers decide to buy a home with an assumable mortgage is to take advantage of financing with a lower interest rate if rates have risen since the seller originally purchased the home. Not all mortgage are assumable however...

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap.

Email: [email protected]

 First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture coins-n-culture

The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of $79,000 from $647,200 in 2022.​ They are higher in high cost of living areas such as New York or Los Angeles.  I also discuss the importance of this increase as it related to jumbo loans.

This is a show for millennial first time home buyers looking to buy their 1st home and build generational wealth through real estate. Real estate is a way to build black wealth and close the wealth gap. 

Email: [email protected]

 First Time Home Buyer School- https://www.facebook.com/groups/fthbschool

Home Buying & Credit Courses-https://coinsnculture.gumroad.com/l/rHHKs

TikTok https://www.tiktok.com/@coinsnculture

IG- https://www.instagram.com/coinsnculture/

@coinsnculture coins-n-culture