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(intro)
Jeff Elam: When we make these videos, the thing that we think about is: What are the users telling us?
What are they asking us? What are they searching for on the site?
And it seems to come back to three things: credit scores, and what do I do if my scores are not great?
Are my scores good enough to get a loan today?
The other thing that we hear from people is: What's the process like? What do I need to do?
And then the third thing that we are seeing in terms of searches and conversations that we're having on phone and email as well
have to do with down payment, and how much is needed and are there assistance programs available?
Just to briefly go through each. Credit scores: If your scores are not quite good enough, talk to us.
Find out the information online. If you don't want to talk to us, you can use online.
If you would like to spend a few minutes talking to somebody, we can go through your report.
There's access to your credit report you can get through our website. We're happy to give you access to that.
And then we go over the report with you and tell you what we think the next step should be for you, and give you a timeline.
Nobody we've ever talked to is more than a little ways out from being able to make progress here.
A lot of people think it's going to be a several-year commitment. It's just not.
The next thing is: How do I start the process? Hundreds of pages on our website, GovHomeLoans.org, about that.
Feel free to take a look there, or reach out to us.
We're happy to spend 15 minutes, and I think you'd walk away from the conversation completely educated as to what first and next steps are.
And it's not that daunting of a process.
It's gonna take you some time to; it will probably take you more time to find the home than it will to figure out what you need to do to buy the home.
And today's market, it's tightening up. The homes are not everywhere anymore, for sale.
So, think in terms of that and go ahead and get the process started, because it may take you a little while to find a home.
And then the third piece we're hearing about is down payment.
FHA, in particular, has the most relaxed guidelines there, only requiring three and a half percent of the down payment;
or, I'm sorry, the value of the purchase.
So, if you buy a $100,000 home, you have to have $3,500 as a down payment, and there are down payment assistance programs available for you.
Again, many pages on the website that you can use, GovHomeLoans.org, to find what's available in your area.
Or reach out to us. We'll tell you. We have the information that can guide you and put you in touch with a lender that will work with you as well.
This is not a hard process. You can find a home. You can get into a home quickly.
And start the process today, because homes are; it's a good time to be involved in the market.
Thank you.