Biden Administration Lightens Up Loan Qualifications
Segment 4
What are some of the changes happening to help those people buy homes?
Biden Administration easing Federal Mortgage Lending Rules
Example of How it Worked until last week:
$100,000 Student Loan Debt
Lenders must calculate 1% of that
$1000 a month as debt
Regardless of the ACTUAL payment amount
Example of Actual Debt Payments
$100,000 Student Loan Debt
Family of 3 making $60,000
$245 per month
How Lenders Calculate Debt to Income
What can you Buy for $2000 a month?
Under the OLD Rules:
NOTE: A Buyer would only qualify for $233,000 – VERY, VERY FEW HOMES IN THAT PRICE RANGE HERE!
What can you Buy same $60K income with $100,000 in Student Loan Debt?
Are there homes in that price range?
I listed one yesterday!
Thinking of Investing in Real Estate?
Call us at 719-301-3900
Visit BarbHasTheBuyers.com
Tour of Homes for Open Houses
Entry Level Buyers Cannot be Super Picky?
What Does Home Appreciation do for a Buyer?
What other investment can you make $80,000 in just 2 years?
Buyers MUST Prepare:
Good Credit scores
Cash Reserves
Get Pre-approved for a Loan
Hire the Team that Knows How to get their offers accepted!
Call 719 301 3900
Or visit www.BarbHasTheBuyers.com
You can reach me at 719 301 3900
HOT NEW LISTINGS!
For Sale 2436 ZANE CIR Low $500s
Cash Flow Downtown Duplex – 1033 Costilla St, CS 80903, Low $400s
For Sale: 18070 Table Rock Rd, CS CO 80908, Low $800s
12253 Culebra Peak Dr, Peyton, CO 80831, $445,000 5/3/2
Coming Soon 8970 Edgefield Dr CS CO 80920, Upper $500s
Coming Soon 920 Oak Bend Ct, CS CO 80919, $500,000
Coming Soon 12660 Isle Royal Dr, Peyton, CO 80831, $449,999
2447 Rocklin Dr, CS CO 80915, Mid $400s
Sneak Peek Pine Crest Dr, CS CO 80908 Mid $600s
Sneak Peek High Tea Ct, Fountain, CO 80817, Under $400K
Sneak Peak Beautiful Woodmoor Mountain Lot, Under $80,000
You can reach me at 719 301 3900
