Credit scores for THESE type of programs are so interesting because the people that NEED it usually don't have the best credit scores. And that's why alot of programs aren't utilized well because you don't have the DEIJ personnel in the development process.

@rkendricks3360

Жыл бұрын

I agree 💯

My husband and I received these grants, and it helped a lot but yes there are qualifications and restrictions (areas to look at properties). I put in hours of research and was fortunate that I had a co-worker who recently went through the same process. #1 lesson is save more. We thought we were ready but here are other fees and expenses we didn't expect. We are glad everything worked out.

@ShaheedahHill

2 жыл бұрын

Congratulations and thank you for sharing.

@jmcorrigan01

2 жыл бұрын

Hello Angelica, thank you for commenting on Shaheedah's post! I too am looking to apply for these grants though Bank of America. I too have been waiting over a decade with my wifey and would love the chance to purchase our first home. Do you have any tips or resources of where I should start researching and where to start? I truly appreciate all the help! All the best, Jordan

@TheKamara18

2 жыл бұрын

If you don’t mind sharing sis what were those extra fees?

@jwalka534

Жыл бұрын

@@TheKamara18 money for escrow and insurance.

@MamaHarperr

Жыл бұрын

​@@jmcorrigan01 I would recommend you search KZread for more info on this grant. There are quite a few people who have used the grant and detail their experience here on KZread. You can also probably reach out to a BofA loan officer with some inquiries. Best of luck!

I used this program to purchase my first home. I don't have any horror stories from my process. If you've done your research and are considering this, it does work. I will say that I didn't have any debt And I have good credit. Also listen to all of Ms. Hill's video. They certainly helped to make me a savvy buyer.

@ShaheedahHill

2 жыл бұрын

Congratulations and thanks so much. Did you get the full $17500?

@La-fk7gj

2 жыл бұрын

@@ShaheedahHill Thank you! I did not. My 3% was less than $10k.

@sierramanning9276

2 жыл бұрын

Were you giving a higher interest rate due to using the down payment assistance? I’m very interested in this program

@La-fk7gj

2 жыл бұрын

@@sierramanning9276 it was higher, but I found it to be worth it. My credit union had a better interest rate of course, but it wasn't giving me any money towards DP or closing. My interest rate isn't bad just wasn't the best. Remember that you won't have to pay the funds back, but a portion may be taxable which is important to keep in mind. All things considered, I'm still glad I went with the program. The money that I didn't have to pay outta pocket due to the grant, I have put on my mortgage to pay it down sooner and to avoid some interest.

Ms. Hill, I am at the beginning stages of my homebuying adventure. Meaning that I've attended several in-person and virtual homebuying seminars and have completed my in-person home ownership counseling to include submitting ALL of my personal financial documents. The MORE information I gather from your videos, the MORE of an educated Homebuyer I become. Thanks

@ShaheedahHill

2 жыл бұрын

Thank you so much for the feedback and for watching. Best of luck on the home search.

@kevincooper0

Жыл бұрын

Getting approved has become pretty messy nowadays especially when you got bad credit history. I discovered the ad of a loan company “credit-synod" which gives personal & business loans to people at very low interest rates. I got about 63k and they could assist anyone too.

Thank you so much for always keeping us informed . Stay blessed 💜

@ShaheedahHill

2 жыл бұрын

You are so welcome, thank you for watching!

I am in the process now with them but if your credit score is below 660 you will not get the full 17, 500. You will only get 7500. I had them take me through underwriting before I picked a house because I wanted to spare myself the disappointment. I'm still waiting for a decision.

@ShaheedahHill

2 жыл бұрын

Congrats and thanks for sharing

@RomaKTLlll

6 ай бұрын

Did they approve that?

I was approved for this program with Bank of America last month. I’m having them do the underwriting upfront before just in case.

@ShaheedahHill

2 жыл бұрын

Good idea! Thank you for watching. Also make sure you watch the young ladies video that I linked in the description as well.

Thank you Shaheedah for all the information you give. You are awesome. 🙏💙🙏

@ShaheedahHill

2 жыл бұрын

You are so welcome, thank you for watching and supporting the channel.

Ms. Hill you are amazing! Thanks for sharing these gems

@ShaheedahHill

2 жыл бұрын

Thanks for watching!

Thanks

I'm so excited I found your channel! You drop all the gems 💎!! Thanks love🤗

@ShaheedahHill

2 жыл бұрын

You are so welcome, thank you for finding me😊

I had the credit and the debt to income ratio was good, but in order to get the DPA in my city for Fannie Mae Home Ready, I had to live in certain area AKA higher crime area. I hear so many people who are lower income and have worked hard trying to escape the areas that they insist you stay in if you want help. Often I f feel like DPA is a bit of a sham. Then with Freddie Mac, all of the banks that did Freddie Mac had crazy origination fees and the total down closing was almost twice with other lenders, but the other lenders you can’t find assistance programs for.

@ShaheedahHill

2 жыл бұрын

This is a problem, however many of the areas are experiencing gentrification, it may not happen overnight but pay attention to what is happening in your city. If you want to move to an area that is not in one of those areas, try Chenoa and some of your state programs that don't have those same retrictions, also USDA if you are looking to move to a more rural area. I have a full playlist of DPA programs.

I ❤️ Bank of American they gave the best deal on car financing too

@sdanzey6441

2 жыл бұрын

Do you have to be a customer?

Hi, do you mind making a video concerning people who are interested in purchasing a 2-4 multi unit property but don’t have the necessary 15-25% for a down payment? What options are available for someone looking to pursue this route? What are the limitations of purchasing a 2-4 unit with an FHA loan? Thank you.

@ShaheedahHill

2 жыл бұрын

Here are 2 good videos to start with: 1. House Hacking - kzread.info/dash/bejne/X6eTxK-Gpc6vf84.html 2. Buying Your First Investment Property - kzread.info/dash/bejne/ooJ73LlmpNW6aJc.html Thank you for watching.

@dejanicole8331

2 жыл бұрын

Thank you 😊

I also heard that they get a better interest rate if it’s for that reason they are taking out the poan

Thank you for the information.

@ShaheedahHill

2 жыл бұрын

My pleasure, thank you for watching.

Thank u for your content cannot wait to get out of NYCHA ita a mess.

@ShaheedahHill

2 жыл бұрын

You are so welcome

This is a great information for those whose qualify!

@ShaheedahHill

2 жыл бұрын

It really is!

I never heard of this!

Thanks for this video ❤️❤️❤️

@ShaheedahHill

2 жыл бұрын

Thanks for watching

Wow I’m interested

When my realtor did it with assistance program my loan went down tremendously

Awesome info!!!!

@ShaheedahHill

2 жыл бұрын

Thanks for watching!

Just Great! 😀👐👍😍😎🏡

I Just Subscribed 🙌 Thank you for helping us! God Bless ❤️

@ShaheedahHill

2 жыл бұрын

Thanks for subscribing! I appreciate it and welcome to the channel!

@camellyabrown5216

2 жыл бұрын

Your welcome! Thank you 🤗

its a link to make an appointment with B of A FYI...

Great information but is Grant money still available if you fine a home in the 40 or 50 thousand range...200.000 would be to much and payments windstorm etc...thank you Ms.Hill

@ShaheedahHill

2 жыл бұрын

If you can find a liveable home for that amount, also some lenders will not do a mortgage under a certain amount sometimes 60-80K. But still worth checking out to see what will work. Where are these 40-50K houses, I need some🤔? Thank you for watching

Well does it really matter bc home here are starting at 350,000 and that for a old dated home

thank you

@ShaheedahHill

Жыл бұрын

You're welcome

Good information I was able to pass the information on...

@ShaheedahHill

2 жыл бұрын

Thank you for sharing

Thank you for this information !!

@ShaheedahHill

2 жыл бұрын

My pleasure!

I am in California so I hope this includes me .

Oh Thank you so much! Queen Shaheedah Hill!

@ShaheedahHill

2 жыл бұрын

Thank you 😊

Girl you just made. Me so happy I'm almost there with my credit

I applied for this but they would not work with me because I have high student loans. I am on an IDR program and they would not consider my actual monthly payments which is less than the 1.15% of the student loan amount.

Dang, I’m purchasing in Mississippi.

Thank you very much for all the important information. I am very focused starting this year to build up my credit and save. My goal is to get a home for my daughter's within the next two years.

@ShaheedahHill

2 жыл бұрын

Great goal! Thank you so much for watching😊

Aw! They should offer it in Louisiana 😖

This is it in a great idea. Check sidebar for the other videos.

I tried to apply online but didn’t see the option. I will try giving them a call. Thank you for these videos.

@ShaheedahHill

2 жыл бұрын

Thank you for watching!

The biggest problem buyers may find is the comp is almost always lower than the asking price. Grants or down payment assistance is the lease of the worries. Most will almost always be left out of a very difficult buyer market as sellers are over pricing their properties.. So as Shaheedah Hill clearly mentions you still need to save at least 15K to compete on top of grants and Down payment assistance.

@ladykh8259

2 жыл бұрын

This is so true! I experienced this last year. I got approved for first time but it has a maximum amount of house you can buy and sellers are raising their prices. Which makes impossible to use first time down payment assistance

@DanBright

2 жыл бұрын

You basically have to go the new build route so your don’t have to compete with other buyers

@angelica21290

Жыл бұрын

This is heartbreaking

How do you apply for the grant?

Thanks for the video. What are the critaria of eligibility for the grant?

@ShaheedahHill

2 жыл бұрын

640 credit score and in the states and areas of eligiblity. I have a list of all states and and link to the areas that qualify for the grant in the description on the video. The grant is for an FHA or Conventional financing. Here is a video comparing FHA and Conventional - kzread.info/dash/bejne/mYyap6mJlJbRZLw.html

So generous, where did you get the money from? Our government!

Thanks for great video. Is this program available in Massachusetts?

@ShaheedahHill

2 жыл бұрын

Yes, it is! Please check the description of this video for more details.

@kingkeng1122

2 жыл бұрын

Thanks a ton. Much appreciated

Good information

@ShaheedahHill

2 жыл бұрын

Thank you for watching!

Thanks so much for sharing this. This is news to me. I've been working on the savings. Got some ways to go.

@ShaheedahHill

2 жыл бұрын

You are so welcome

Great Video.

@ShaheedahHill

2 жыл бұрын

Thanks!

Thank you I didn't understand last year when I tried to apply. Now I know my zone area is not qualified it just keeps me focused on saving money until I'm ready.

@ShaheedahHill

2 жыл бұрын

Wishing you the best of luck next year!

@destiny009taboo

2 жыл бұрын

I wonder WHY on certain zones qualify. Is it to help or hinder

Great information. Does this only apply to Georgia? I'm in the state of California where homes prices are ridiculous.

@ShaheedahHill

2 жыл бұрын

No it is in 37 states... the list is in the description of this video.

@mxnshadow

2 жыл бұрын

I qualified for this program in California , went thru many houses since the market has been crazy and many offers were turned down but was able to close on a single home in September.

I went to bank of America they said I had to get the loan through them and the rate was higher then USBank. They didn't want to come down. The owner actually did a 10k concession and that was better.

Love the knowledge being relayed .

@ShaheedahHill

2 жыл бұрын

Thank you for watching!

Tempting!

If I am relocating to another state for work, will I have to sell the home I have already? Thanks for sharing! ✨💕

@ShaheedahHill

2 жыл бұрын

Probably, they are focused on owner occupants and not 2nd homes. But you can contact a lender to be sure. If you are renting your home due to job relocation they may make exceptions. Thank you for watching!

In the past, BOA has mistreated a class of people. I heard you say; low income people. But, how will one know for sure? Who's making sure this program is on the up and up with no fine print? Can I read anything in black and white before applying? Thank you.

@ShaheedahHill

2 жыл бұрын

Totally understand, here is a link and thank you for watching! www.buildersshow.com/assets/docs/ibs/pressKits/PK_35501_BofACommunityHomeownershipCommitment.pdf

@penseyfrancis464

2 жыл бұрын

@@ShaheedahHill Thank you for sharing.

Hello I have a question do you have to be pre approve or pre qualification before you apply for this program

@ShaheedahHill

2 жыл бұрын

You have to get a mortgage with BOA to get the program, so you will get pre-qualified with them and apply for the grant at the same time.

Hi Shaheedah! Great video! Im a real estate agent in south Florida and one of buyers was approved for this program prior to her working with me. It seems like a great idea however please do your due diligence people. In the last quarter of our transaction we had to pivot to another lender because during the appraisal process is when underwriting wasn’t going to approve her. Thank goodness that I was on top of things and could discern there was an issue & knew the deadlines we were facing. Save, save, save people! All “free money” isn’t worth the hassle. You can do this if you put your mind to it.

@ShaheedahHill

2 жыл бұрын

Thanks for sharing...it took me a while to do this video because of that but hopefully my disclaimer and yours will help. Thank you

@Everybodyisimportant

2 жыл бұрын

@@ShaheedahHill of course! I love watching your videos… although I haven’t lately & I love being of service to the people so leading them in the right direction is the greatest task for me & should be for any of us in the industry! Keep spreading the knowledge hun! Those who have eyes and ears will know. Peace & love to you 🙏🏽❤️

@thepinkplanet

2 жыл бұрын

Buyers leave other lenders with great programs, but lower grant money for this and then they end up getting denied and losing out on the initial grant money as some lenders grant funds run out. I try to sway my clients in a different direction with almost equal grants.

@bnepaul9268

2 жыл бұрын

Thank u very much, am getting ready to buy , I will start looking in may wish could work with me

I heard a relative can take out a loan to help loan the money for a relative first time home buyer down payment

I could be be wrong on this. But the program is a nice way of saying BofA only has homes available in "the hood". I could also be wrong on this but it seems like this program is another way to flip homes being that there are no stipulations on how long you stay at the home you decide to purchase if awarded the grant.

Hi! Do you have any videos for buying and selling at the same time? Are 2nd time homeowners eligible for down payment or closing cost assistance?

@ShaheedahHill

2 жыл бұрын

Here is a video on selling your first home - kzread.info/dash/bejne/p5l6zbmkm6e2aZM.html Down payment assistance programs vary, for some you cannot own a home, never owned a home or have not owned a home in the last 3 years. This is my DPA playlist, it may be helpful to you. kzread.info/head/PL6YdU_zvybVlW1EhDSBF4h4VC3EbHf7g8

Thanks for the awesome video! Do you know if it applies to owner occupied multifamily homes? Thanks:)

@ShaheedahHill

2 жыл бұрын

I think it s is only for single family. However, it does not specifically exclude multi-family so you should contact them directly to inquire. T promotions.bankofamerica.com/homeloans/downpaymentcenter

Are you familiar with the conventional 97 loan? If so what are your thoughts about it?

@ShaheedahHill

2 жыл бұрын

Yes, this is Home Ready and Home Possible - good conventional loan programs, if you qualify. This is a video that I did on them - kzread.info/dash/bejne/mZufxsqzqtnadM4.html

Can I apply for the down payment assistance with BOA event if I don’t financing with them?

@ShaheedahHill

2 жыл бұрын

No, you have to go with Bank of America for the grant and the mortgage

Awesome information!!! 23 and considered homeless but I do have stable income…. Credit is above 700 last time I checked. I reside in California… should I bank with a credit union? I heard greats pros with them in general!!

@ShaheedahHill

2 жыл бұрын

Yes, credit unions are great. They usually have better interest rates on loans and lower fees. But always get 3 quotes from 3 different lenders when you are applying for a mortgage.

THANK YOU for this !!!! VITAL !

@ShaheedahHill

2 жыл бұрын

Thank you for watching.

Hi Ms Hill, I am under contract. This is my first home but my fiance currently owns a home in a different state. Would i be able to apply for this grant myself for our purchase?

@ShaheedahHill

2 жыл бұрын

Perhaps, if you are planning to use this you want to apply early. I am assuming he will be renting that home, you may still be able to get the grant - but meet with someone, in person at a local branch would be best to verify.

@GaBrownSuga83

2 жыл бұрын

Thank you for the information! We will visit this week.

How successful are these down payment assistance program? What's the turn over rate?

@ShaheedahHill

2 жыл бұрын

They all have different success rates, much easier to use Down Payment Assistance in a balanced or buyers market but people use DPA programs all the time. Here is my video on DPA programs: kzread.info/dash/bejne/h6aE14-rd7vOkrw.html

then why are your 2 local branches randomly closed on weekdays?

Yea but with the down payment grant you have to pay mortgage insurance on which can tack on another $200 or more a month onto your mortgage

@ShaheedahHill

2 жыл бұрын

For most mortgages when you put less than 20% down you will pay mortgage insurance. Thanks for watching.

@DaFUCK2012

2 жыл бұрын

@@ShaheedahHill thanks for responding, but I would definitely opt out because of the PMI, I am working with someone on this she informed me the Affordable Loan solution doesn’t require PMI you can use both grants but it is possible you may to come up with some of the downpayment upfront

How much is your annual income has to be in order to qualify for this grant?

@ShaheedahHill

2 жыл бұрын

It varies by location. There is a link in the description for a map

@MitchO-hy2il

2 жыл бұрын

@@ShaheedahHill i am in FL

Shaheedah! I just love you! You are the best at what you do. Your expertise is always spot on! I myself did get pre-approve for this grant. Currently, still looking hopefully I find something soon! Thank you for all that you do and you are appreciated.

@ShaheedahHill

2 жыл бұрын

Thank you so much and best of luck on the search!

Hi

I live in North Carolina do you think we have friends here for low-income families like myself

When someone applies for a mortgage, they do a hard pull...if you apply to several mortgage companies won't it affect your credit score drastically??? Or can we apply for several banks within 45 days and it will count as one hard pull??

@fcolon1976

2 жыл бұрын

Is that true?

@ShaheedahHill

2 жыл бұрын

It will be one hard credit pull...but depending on credit scoring models used some it may be 30 days or 45 days so I recommend 14 days to do applications to be on the safe side. The higher your credit score the less impact on your credit score. I had a buyer do 6 applications over about 4 months and his score went down about 20-25 pts. But he said it was worth it to find the best lender...lower fees and lower monthly payment. His credit score was in the mid 700s.

If the Bank Of America grant is used, do you have to use Bank Of America for the mortgage loan or can you still use any company for the mortgage loan itself.

@ShaheedahHill

Жыл бұрын

You will use them for your mortgage as well

How long should you be working a job before looking to buy a home, If you’ve been unemployed for a while and credit is ok.

@ShaheedahHill

2 жыл бұрын

Usually 2 years and no more than a 6 month gap in employment. It varies a little based on the circumstance. Here is a good video on buying a house after being unemployed - kzread.info/dash/bejne/amFtrdGNhZvHn84.html

Hello Ms Hill👋 I'm from Michigan, what if I want to buy my relitive's home? Can I use this grant program for the home as well? Thanks!

@ShaheedahHill

2 жыл бұрын

Yes, you should be able to.

How are ppl not finding out if they qualify until their under contract? I am going through this program and on my initial meeting with the LO I was told I qualify for the program. I specifically asked about this program. All she did was check my income against the income requirements

@ShaheedahHill

2 жыл бұрын

Because when you go through underwriting they will actually look at bank statements, tax returns etc. and if everything is not as they thought it was you may not qualify and sometimes the home you choose to make an offer on my not qualify. Watch these 2 videos 1. This is a buyer that used the program and some of the problems that she encountered: kzread.info/dash/bejne/X4OKw6Zsdc3FndI.html 2. Watch this video for common reasons that you loan is denied after you are under contract - kzread.info/dash/bejne/hYOf0pJxXbfYqJs.html

@ItzShannyBayB06

2 жыл бұрын

@@ShaheedahHill thanks. I saw her video. It seems like a lot of her problems were brought on by an employee who lacked the knowledge. Every property I find I double check with her and check BOAs home tool website. I actually went through underwriting already. My loan is approved with conditions, just waiting to find a property. The big thing I’m running into now is communities that aren’t approve for fha financing although I’m using conventional. BOA told me if the delinquency rate is too high they won’t approve the loan

Can I apply for this grant ? I’m 21 and I’m looking to buy a home . I currently don’t work because of covid but I want to use this grant to save up . Is that possible ?

@ShaheedahHill

2 жыл бұрын

Yes, but you need to wait until you have employment again. You cannot qualify for a mortgage without income. Thank you for watching.

@Nisha-lv8jm

2 жыл бұрын

@@ShaheedahHill hi do you kn how long someone have to be at a job or same job field to get a home.

Does your loan have to be with BOA and is their an income limit?

@ShaheedahHill

2 жыл бұрын

No income limit but it has to be in the areas that they have identified, a link to the map is in the description. Your mortgage will be with Bank of America. Thanks for watching.

Can you get that and the chenoa fund or only one or the other

@ShaheedahHill

2 жыл бұрын

You cannot combine the 2

Does pnc have also programs like this moderate community is good areas.

@ShaheedahHill

2 жыл бұрын

Some banks have this program not sure about PNC, please watch this video for more information kzread.info/dash/bejne/fWamla1secynlqg.html

Do you have to use a loan officer from BOA for this vs a broker?

@ShaheedahHill

Жыл бұрын

You have to use BOA. Thanks for watching.

Are there other options of mortgage grants for down payments for first time buyers other than Bank Of America.

@ShaheedahHill

Жыл бұрын

Chase and Wells Fargo have one, look at my Down Payment Assistance playlist

Can you rent the home out and how long do you have to live in the home?

@ShaheedahHill

3 ай бұрын

There are rules against renting out a home after getting an owner occupant mortgage. Most of the time you have to live in the house for at least 1 year before renting, but all programs are different. @jleviathon111 Thank you for watching

@jleviathon111

3 ай бұрын

@@ShaheedahHill I was just wondering about boa's specifically.

Hi Miss Hill, I am looking to purchase a home in 2024. When should I apply for this grant for down payment and closing costs assistance? I currently bank with BOA.

@ShaheedahHill

2 жыл бұрын

3-4 months before you are ready to buy and hopefully the grant is still available by then. Thank you for watching.

@trentdodson734

2 ай бұрын

Watching this video again 2 years later! I’m actively searching for a new home as we speak. God led me back to this video god bless you 🥺

Im looking to buy my first home with NACA, when would i apply for the grant in the process?

@ShaheedahHill

7 ай бұрын

You cannot use this with NACA. @user-vd6xy1oi5n Thank you for watching

What are the income limits in Houston, TX?

@ShaheedahHill

2 жыл бұрын

✳️✳️Low to Moderate Income Area Look-up(Verify this with a BOA Loan Officer): www.policymap.com/2010/08/a-closer-look-cra-eligible-tracts-and-tract-median-family-income/

So you have to look for homes in a low income area? What's the min amount of home. Some don't want a 200k home if they low income.

@ShaheedahHill

2 жыл бұрын

Here are the areas that qualify, there is not a minimum amount. ✳️✳️Low to Moderate Income Area Look-up(Verify this with a BOA Loan Officer): www.policymap.com/2010/08/a-closer-look-cra-eligible-tracts-and-tract-median-family-income/

Can you use the grant for MultiFamily REI?

@ShaheedahHill

2 жыл бұрын

I am not sure, it is an FHA loan so you may be able to do 1-4 units if you plan to occupy at least one of the units.

Can I lock the rate before P&S sign agreement with home possible?

@ShaheedahHill

2 жыл бұрын

No, not typically.

@Genle369

2 жыл бұрын

Thanks. Different amount down payment(Like down 20% or less than 20%) will have different interest rate?

We are looking to buy this year and my question is can you apply for this grant and not have much money saved? also, we live in Atlanta, Ga, and have no idea where the low to moderate area is. we actually would like to do a new build. How would the grant work with that?

@ShaheedahHill

2 жыл бұрын

You can do a new build, there is a map in the description of this video and it will give you an idea of areas, but you will have to work closely with Bank of America to make sure the specific address qualifies for both grants. Watch this young ladies video about her grant process - 🏠Good video to watch next @Simone Says - My Bank of America America's Home Grant Program NIGHTMARE: kzread.info/dash/bejne/X4OKw6Zsdc3FndI.html

@gaylewilliams9833

2 жыл бұрын

@@ShaheedahHill Thank you so much for responding to me. You didn't answer one of my questions. I wanted to know if I can apply for the grant first or do I need to have a certain amount saved first?

@ShaheedahHill

2 жыл бұрын

@@gaylewilliams9833 you should apply for the grant when you are ready to buy. You are applying for the grant and mortgage at the same time. I hope this helps.

@gaylewilliams9833

2 жыл бұрын

@@ShaheedahHill Thank you!

@gaylewilliams9833

2 жыл бұрын

what is the rule if you change jobs at the beginning of the home buying process, but there is no break in employment because within two weeks you're working at the new job making more?

I have an 800+ credit score and finally landed a job after facing extended unemployment from being laid off only to find that the market has completely changed from what it was before I got laid off. I’m totally priced out of the market for anything I’m interested in. A year or 2 ago, I would’ve easily qualified for a nice starter home, but now…only old, POS houses are in my “approved” range, even with down payment assistance. It’s so disheartening and depressing.

@ShaheedahHill

2 жыл бұрын

A lot of buyers are where you are now, what they could easily afford 2 years ago is not what they can afford now.

@Nisha-lv8jm

2 жыл бұрын

Hi how long do u have to had been at the job to purchase

@KinkssNCoilss

2 жыл бұрын

@@Nisha-lv8jm Idk if you’re talking to me or not, but they usually want 2 years worth of income. I haven’t been at my job for that long, so I’m kind of hoping that my high credit score and a decent sized down payment will help me. Assuming that I actually find anything I like within my budget in this ridiculous, overpriced market.

@mrpitts15

Жыл бұрын

@@KinkssNCoilss it’s a sellers market right now and inflation with the high interest rates don’t help. However, patience is the key here. Wait this drought out. Don’t feel rushed too but right now

Hello thank you! Sorry if I’m off topic but can this program be used with NACA to help with any closing costs? I know NACA uses BOA as their lender.

@ShaheedahHill

2 жыл бұрын

No, and there are no closing costs with NACA. I am 99% sure that this cannot be used with NACA.

@cindygomez5414

2 жыл бұрын

Yes Naca pays your closing costs

@shay20745

2 жыл бұрын

@@ShaheedahHill so, if we are in the naca program and want to apply for this grant & use the $$ for more buying power OR use the funds to pay down interest rate, that is not an option?

SUCCESS.

Hi Shaheedah, I have a question, does Bank of America require a person applying for a down payment assistance to apply for a mortgage with them too?

@BeComingNyrell

2 жыл бұрын

That’s a great question!

@ShaheedahHill

2 жыл бұрын

Yes, you are getting the grant and mortgage with Bank of America.

NY excluding NYC ? Where can I get a 300k home in NY.

@shaquellejacobs7930

2 жыл бұрын

@@nikki.khristmas.british6155 that’s so true I love TX. It’s cheaper than the South and the job market is better in TX.

Would this apply for land purchases as well?

@ShaheedahHill

2 жыл бұрын

Double check but probably not... need to be able to owner occupy. I have a video on building on your own land check it out.

How long does mortgage approval last to expired??

@ShaheedahHill

2 жыл бұрын

Usually 3-4 months

Thanks for the video, Do you have to Bank with them to qualify for this Grant.

@ShaheedahHill

2 жыл бұрын

No you do not have to bank with them but you will have to get the mortgage loan through them.

@ShaheedahHill

2 жыл бұрын

Thanks for watching. No, you do not have to bank with them.