FHA Loans vs USDA Loans (2021) - Which Is Better For You?

Video Description

What's the difference between an FHA loan and a USDA loan? We'll break down all of the aspects so you can choose the best mortgage to buy your home. FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm USDA Property Limits: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp USDA Income Limit Quiz: https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state — GET STARTED — 🏠 Connect with a helpful LENDER in your state → https://www.winthehouseyoulove.com/lender 🏠 Connect with a helpful AGENT in your city → https://www.winthehouseyoulove.com/agent — HELPFUL TOOLS — ✅  Max Purchase Price Calculator → https://www.winthehouseyoulove.com/max-purchase-price-calculator ✅  Lowest Cost Loan Calculator → https://www.winthehouseyoulove.com/lowest ✅  Home Buying Planner → https://myreplan.com/ ✅  Today’s Interest Rates → https://www.winthehouseyoulove.com/todays-rates ✅  Step-By-Step Home Buying Timeline → https://www.winthehouseyoulove.com/timeline ✅  Student Loan Savings Calculator → https://www.winthehouseyoulove.com/student 0:00 What you'll learn 0:35 Overview 2:48 Credit score requirements 4:14 Rates 5:16 Sponsor 5:55 Credit events 7:06 Debt-to-income ratios 8:21 Loan limits 8:52 Down payment and closing costs 10:41 Seller credits 11:09 Special requirements/features 16:00 Appraisal 17:23 Mortgage insurance 19:25 Seller perception 21:12 Monthly cost comparison 22:40 Total cost comparison 24:08 What I would choose 24:30 FHA vs Conventional LEGAL: As an Amazon Associate, I earn a commission from qualifying purchases. *Advertisement from Credible Operations, Inc. NMLS 1681276, not available in all states. Visit https://www.credible.com/a/state-licenses for important information about Credible’s licenses. Credible pays Win The House You Love an advertising fee when you submit a pre-qualification request. Kyle Seagraves NMLS# 1701021 Motto Mortgage Alliance 8900 N. Dixie Dr. Dayton, OH 45414 Equal Housing Opportunity