Should You Get The New 1% Down Loan? (Best Loan For First Time Home Buyers)

UPDATE: This loan now requires monthly PMI as of 1/1/24, but will have a slightly lower rate than before. Area Median Income Lookup: https://ami-lookup-tool.fanniemae.com... 📊 Loan Comparison Calculator → https://www.winthehouseyoulove.com/ad... ► ► Get Pre-Approved With My Team → https://www.winthehouseyoulove.com/le... ► ► Get An Agent Referral → https://www.winthehouseyoulove.com/agent TOP RESOURCES 📉 Today’s Rates → https://www.winthehouseyoulove.com/rates 🏡 Max Purchase Price Calculator → https://www.winthehouseyoulove.com/ma... 📊 Loan Comparison Calculator → https://www.winthehouseyoulove.com/ad... 📅 Complete Buying Timeline → https://www.winthehouseyoulove.com/ti... 🎓 Lower Student Loan Payments → https://www.winthehouseyoulove.com/st... 💳 Credit Score Simulator → https://www.winthehouseyoulove.com/cr... 0:00 Should You Get A 1% Down Loan? 0:19 Recap 1:35 Area Median Income Lookup tool 2:29 Where is the money coming from? 3:52 Who is offering this program? 3:56 www.WintheHouseYouLove.com 4:59 Is it Supposed to fix the housing market? 5:52 Why only people who make 80% AMI or less? 6:53 Will your monthly payment higher? 7:48 Will you pay a ton in interest? 8:05 LoanClarity Advisor Comparison 13:12 Become a member of my channel 13:28 When will it run out? 14:29 Is the income limit based on the household/ 15:08 Can you exclude your spouse from the income limit? 15:27 Can you exclude variable income? 16:27 Will you get a LLPA waiver? 17:01 Can closing costs be covered? 18:35 Can you refinance? 19:09 What if your income increases later? 19:24 Why does this work in expensive areas? — DISCLAIMER — Kyle Andrew Seagraves is Federal Mortgage Loan Originator (NMLS 1701021) licensed with NFM Lending (NMLS 2893), an Equal Housing Lender. Separately, Kyle owns Win The House You Love LLC, an education company. Win The House You Love LLC is not a lender, does not issue loan qualifications, and does not extend credit of any kind. This video is only for educational usage. All calculations should be verified independently. This video is not an offer to lend and should not be used directly to make decisions on home offers, purchasing decisions, or loan selections. Not guaranteed to provide accurate results, imply lending terms, qualification amounts, or real estate advice. Seek counsel from a licensed real estate agent, loan originator, financial planner, accountant, and/or attorney for real estate, legal, and/or financial advice. NFM Lending is not affiliated with the VA, FHA, or any other government agency. This video has not been approved by any government agency.