This is a YouTube video titled "💸 $0 Down FHA Loan 💸" containing a single-speaker explanation about new zero down home loan options, specifically introducing an FHA loan for those who do not qualify for VA or USDA loans. The speaker discusses credit score requirements, interest rates, and refinancing options. The content was created on January 7, 2022.
If you saw it wasb, there were two options for zero down home loans VA loan where you served in the military, or USDA loan where you're looking in a rural area. Now we've rolled out an FHA loan. Zero down. This is for all other people that don't fit within those first two boxes that need a zero down home loan. So the minimum credit score goes up to 620 or better. The interest rate does also increase, but the catch with that is you only have to make six monthly payments. Then you're allowed to refinance out of that so you can get into the house. 0 down. Take the higher rate in payment, then refinance out after six payments. Get your lower rate. Everyone wins.
