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Monique Buchanan, your real estate specialist, talks all things real estate. On this show she covers the processes of buying and selling a home. Welcome Home with Monique informs you on best practices to navigate the housing market so that you can start building your wealth through home equity.
Wesley Knight 0:00
This is a KU NV studios original program. The content of this program does not reflect the views or opinions of 91.5 jazz and more the University of Nevada, Las Vegas, or the Board of Regents of the Nevada System of Higher Education. But you
Monique Buchanan 0:22
still don't pay me. No intention. Good morning. This is Monique Buchanan, the host of the welcome home with Monique show, and on this show, I talk all things real estate. Listen. I want to thank you for tuning in. Well, happy Saturday, Las Vegas. This is Monique Buchanan, the host of the welcome home with Monique show, and I know that it's been a couple shows of replays and me recording from home, so I appreciate your guys's patience with me. Hope you had a great holiday season. Of course, that's why I was not literally in the studio, but still making it happen, right? And I've got none other than Miss Beck coins next to me. Hey, Becky. Hey, Mo, welcome back. Welcome back. Was your holiday good?
Becky Coins 1:04
It was good. It was really good. What'd you guys do? I did a little bit of cooking. I did, yeah, did you put your foot any Becky, you know, I did. Okay, you know I did.
Monique Buchanan 1:13
Now, let me ask you, did you make stuff in or dressing? You know, I'm teasing, yes,
Becky Coins 1:18
but my mom, my mom made it this year. I'm making it for Christmas. But Mom, Mom was on turkey and stuffing dressing. She did
Monique Buchanan 1:25
the stuffing. Yes, okay, okay. Because, you know, my mother in law, we went to my mother in law's house. She's from Louisiana, so she did the dressing, and she puts chicken gizzards in her dressing, and then my my father in law puts hamburger meat in his dressing.
Becky Coins 1:39
It's crazy. Everybody does a little something different. Ours cornbread, your granddaddy used
Monique Buchanan 1:43
to make dressing, right? Yes, because he was a chef, yes, what? What would he put in his dressing? Oh, I honestly was a turkey. Most people put Turkey drippings and stuff. Oh, yeah, that's my favorite thing. Everybody out there does want y'all to know that's my favorite thing. Is dressing,
Becky Coins 1:57
definitely, the cornbread. We were cornbread. You like the cornbread? Yes, the cornbread, yes, that's what you make, cornbread stuffing, yeah.
Monique Buchanan 2:05
So we hope you guys had a blessed Thanksgiving with your family, and like I said, Thank you for your patience. We are back. Yes, we are. I can't believe how fast this year went. It's been insane. It has been, it has been. We were so blessed to even see yet another day. So you guys already know I told y'all before we're gonna start with testimony. Remember I told you in church I used to love to stand up and tell my testimony and hear other people's testimony from the week. So actually, I have a K u m v. Listener, Mr. John Morrison, he said, Monique, you could share my testimony this week. I said, Oh, thank you. He's a sweetheart, so we're actually listing his condo as a matter of fact, he's a KU and V listener. Actually used to play. He's a drummer for the platters and and hold on, wait for this too. Mr. Morrison used to be backup drummer for James Brown. Oh, wow, girl. Let me tell you, I love when we go and I get to meet these, these folks that are listening to the sound of our voice. There are so many amazing people that listen to 91.5 it's true. It is so true. I mean, every single client that God has blessed us with through this radio station has just been a blessing to know. Oh, yeah, honestly, every single honestly say that
Becky Coins 3:12
the stories are great people. Yes, we all have amazing stories.
Monique Buchanan 3:15
Yeah, remember the one lady that we sold her home and she used to be a dancer? Well, she had passed away, but her granddaughter, Miss Angel, was selling her home here in Vegas. They called me to sell it. We sold it. God of Christ did a great thing for the family. But what was awesome was a lady had such a legacy. She was one of professional dancers for Moulin Rouge. Oh, she was amazing. And I got to walk through her home and see all that history. I'm telling you guys, I've met so many amazing people. So anyways, I'm just grateful and thankful for each and every one of you out there that can hear me and that have been supporting me for what, four years now with this radio show. I do want to humbly announce that I'm I did hit what's called icon within my brokerage. So my brokerage has 90,000 agents. We're worldwide brokerage. It's actually the fastest growing brokerage in the world. It's called exp Realty. You may not see signs, or you won't see any brick and mortar buildings with exp. That's on purpose. That's by design. It's the first cloud based brokerage, and it's agent owned. So I actually own, and you actually own vaccine. We, you know, a part of our brokerage. And like I said, it's worldwide, so we're able to sell properties in Costa Rica, over in Europe. I just took that trip to Albania, met up with some colleagues over there and in Italy. So that's why I chose this brokerage. It's agent owned. Also, I have a much further reach. I would like to be that person that you think of when you're thinking of internationally purchasing as well. Yeah, because I love to travel and I want to go over there and check out your property for you. That's right. No, but seriously, so I humbly am grateful for each and every one of your guys' referrals. You guys have helped me and my team hit what's called icon status only. I think it's 3% out of the 90,000 agents actually make it to that status with our brokerage. So it's, you know, nothing to sniff at, and I give God all the glory. Because, let me tell you something, I am nothing without my father, I didn't even know how to read an email. Y'all, when I first started, I'm not too shame to admit it. Remember, you know, we didn't really use email. So when I got into real estate back, I was like, Who are they talking to? I can laugh at myself now. I've come a long way, but I still got a long way to go. You know, I have not arrived, but through the grace of God, I'm humbled, and I'm grateful to say that that is an accolade that I've reached not only with your guys's support, but with Becky's support, with Anthony's support, my team, Liz sheen, God has blessed me with such great people. So thank you,
Becky Coins 5:38
Becky, congratulations, mom. I'm so proud of you. You're next girl.
Monique Buchanan 5:42
All right, let's jump into the show. Enough of me patting myself on the back. Y'all forgive me, but I did want to let you guys know that you helped me to reach that status, and I'm so grateful. So John Morrison's testimony this, this amazing man has had three heart attacks. He is top dealer. Was actually voted to, I think it was on Forbes top dealer at the win. Oh, yeah, you did say that. Yeah, he's this man, you know, anyways, but he's beat three heart attacks, and he was having some serious medical issues, and they told him, you know, there was really no way out of something, right? He said, But God, Monique, we sat down, and we're getting ready to, you know, obviously, list his property. So me and him was talking, and he said, You know, I prayed about it. I said, That's John. That's what you do. You give it to God. We can only do so much, and you know, on our own, but when you got to cast your care, you have to be able to understand that you need God to step in. And so that's what he did. He said, you know, Monika, I'm a believer, and I prayed. I prayed about it, and I left it alone. He went back to that doctor, and the doctor said, things have turned around. Wow, the power of prayer. Yes, ma'am. I mean, I listen you guys. I'm not sitting over here trying to act like I'm Jesus myself. Lord knows I'm not, but I am a believer, and I will fall to my knees at the name, at the sound of His name, Jesus. So I'm not perfect, but I know I've been witness to what God can do. I mean, Becky, you have been witness to what God has done in my life. You watched him turn that thing around. Yes, yes, you're a witness. So I don't know who needs to hear that testimony? I feel like testimonies lift you up, because somebody out there has probably got the same kind of news John got, you know, and maybe this will lift their spirits and stir their faith to just turn to God when you when you can't figure it out, guess what? You don't have to. You've got a father that will figure it out for you. So anyways, okay, my preaching is done, so we're gonna go ahead and get into this show. You guys once again. My name is Monique, name is Monique Buchanan. I am not only your local Las Vegas realtor, but we can assist you in all 50 states as well as 20 countries. And this is my partner. I don't want to say partner in crime, because we're not doing any crimes over here. There we go, partner, partner in our real estate, real estate shenanigans. That's right. Rebecca coins, it's always something Yes, and also one of my best friends for 20 plus years. So anyways, she's got your back. We've got your back. If you're looking to buy, sell, invest, we're here to assist you. 702984. 3700, 702-984-3700. Welcome home. Show 91.5, at Gmail, you guys can email me any of your questions or concerns. If you don't, you can always text me or give us a call. 7029 84, 3700, welcome home. Show 91.5, at Gmail. So let's go ahead and talk about what we're going to talk about on the show today, which is something that's I'm starting to see a lot more of on the market right now, and it makes sense, because the rates, although they have come down, they're like, you know, right around 6.25 according to the lenders. You know, of course, it's based off of your your credit score and things like this, your debt to income, all that stuff. But right now it's hovering at about six and a quarter. So there is such a thing called an assumable loan, right? So we wanted to kind of educate you and talk a little bit about the assumable loan. Basically, what that means is when the buyer takes over the seller's existing mortgage, including the interest rate. So if you find like, let's say, a veteran that bought a couple years ago, you know, maybe like three years ago. If that veteran bought three years ago and he got it at a 2% rate, or even a two whatever, two and a quarter whatever, and he's ready to sell, you can assume his rate, the remaining balance and the same payment terms. Okay? So there's a huge advantage when you're able to take over his low, low rate. So you're gonna buy the property, but not all mortgages will allow it, so the seller has got to make sure, it's imperative that he calls his mortgaging financer and ask, Is my loan assumable? Okay? Because that's gonna give him as a seller. It's gonna make that property that much more attractive that it is okay. So you want to make sure that the loan is able to be assumed, and if it is, then that's going to put your property, it's going to give it a little leg up amongst the others, because there's, you know what, we have, not quite a few properties in the market, but we have definitely ticked up on how many properties we have in the market, right? So we want to talk about just the general rules of it. Basically, like I said, you're going to assume the the interest rate, but it's there's more to it. So the way it works is this, you have got to, obviously, be financed with whatever, like a FHA VA USDA, or Conventional, or, I'm sorry, conventional pretty much never does assumable.
Becky Coins 9:57
Yeah, conventional is pretty rare. Yeah? Not conventional. Not. Always, never, but,
Monique Buchanan 10:01
but very rare. You want to definitely make sure if the seller has a conventional loan going on. So the here's the catch, right in it sounds too good to be true. It's not too good to be true, but it does have a little catch. Okay? So what happens is the buyer must cover the gap between the loan balance and the sales price. For instance, if the seller bought their home at 600,000 right? The remaining balance is only 400,000 you basically got to pay that seller his equity, right? So you have to have that $200,000 difference to go ahead and pay, you know, and take care of that difference in order to be able to assume the loan. Now, sometimes they can do something else. Sometimes Can't they Becky. You don't have the cash on hand, because a lot of times, if you sold a house and you're buying a new, bigger house, then maybe you have 200,000 that you have. Yeah, I'm gonna sell your house, but if you don't, what's the other way they could
Becky Coins 10:48
do it? There's other ways, with a second mortgage or different kind of financing, there are some lenders out there that will help cover that gap.
Monique Buchanan 10:55
Yeah. So here's the biggest misunderstanding with an assumable loan, is that you're not getting the whole house for 400,000 Yeah? No, no,
Becky Coins 11:03
the seller still wants what their house is
Monique Buchanan 11:05
worth, yeah? So he's still, you know, maybe he's selling it, yeah, for 600,000 whatever. So you're only taking over the seller's remaining mortgage of the 400,000 whatever he owes. But you're not, you're not getting it for the whole house for 400,000 because you have to pay that $200,000 Yes, to cover the difference. So it's still 600
Becky Coins 11:23
you're just assuming what they have the remainder of their you're taking over.
Monique Buchanan 11:27
You guys all remember when you were young and you couldn't, maybe some of y'all couldn't afford those car notes. You were looking for somebody to take over your car note. Yeah. So it's just, it's just like that. Okay, so if you have a VA seller, or if you are a VA sell, and you're thinking, wow, this sounds really good. I really did want to sell my property. That's, you know, and I bought a couple years ago. So this will give you a heads or a leg up, because right now you guys, properties are sitting unless they're like, super, you know, affordable, maybe 303 54, even 400,000 they may have some action on them, but even even so, properties are sitting on average, 50 plus days right now. So you guys have heard me say, unless you have to sell, or you have the time to wait for it to sell, I'm gonna be honest with you, wait springtime, it picks back up, you know? And that's when a lot of buyers come out, you know. But I don't mind, listen, we don't mind listing the property for you getting it sold. But I'm just letting you know I always like to set the right expectations that typically, during the wintertime, holiday season, things kind of slow down for buyers. They're not exactly out. Not many of them are out looking to buy a home, which actually makes the buyers, if you're out there looking for a home, now you're in a better position to buy, because now you get the pick of the litter, right? Yeah?
Becky Coins 12:33
These assumable loans give them a little bit more, you know, options, yeah. More Options, yeah. Makes you a little prettier on the block if you're able to, yeah, yeah.
Monique Buchanan 12:41
But it's also just with the buyer, from the buyer side of this. So if you're approved for, let's just say, 400,000 right? And that's at a five and a quarter rate, or even, I'm sorry, we're at six and a quarter rate, and you're approved for 400,000 you very well could buy a $600,000 house if you find one that is doing the assumable loan, because it's the same payment if you're getting a two or 3% rate, yeah. So now you're gonna go from buying a house that's 400,000 you know, maybe it's 1800 square feet, to buying a $600,000 house for the same price as a $400,000 house, because you had somebody like me or Becky able to find these assumable loans for you and negotiate them, and know what we're doing, because it is a slippery slope. It's not a regular transaction. You got to understand the process, right? So that's what I'm saying. So on, as a buyer, you come to us, we get you with Anthony. He approves you for 400,000 he says, but hey, Monique, if you guys can find her an assumable loan or him assumable loan? Yeah, hey, you guys can look up to 600,000 if we can get a 3% rate, then me and me and Becky go on the hunt, break out our bow and arrows,
Becky Coins 13:43
and I've been seeing more and more on the market, right, right? Yeah.
Monique Buchanan 13:46
And so with the VAs, I was gonna hit on that real quick. So with a VA selling their property, and let's say they do have that 3% anybody a civilian or a veteran, can assume that. Okay with approval, they can assume it. So you don't have to be another veteran. Now, if a civilian assumes a loan, the veteran's entitlement remains tied up. Okay? So not to say you couldn't buy another property, because it depends on your your income that you know, the income that veteran makes, so but a portion of that will be tied up if another eligible veteran assumes and substitute their entitlement, the original veterans entitlement can be restored. So if you find another VA buyer, you can move right on right but you still have to qualify. The buyers always have to qualify. And for my, for my agents out there that are listening, that are, you know, thinking, wow, that's a good idea. I want you guys to remember something to protect your client, because I had a young lady call me, and I'm helping her right now, but she had her property listed as an assumable loan, but unfortunately, the realtor did not put the verbiage in there to unfortunately in there. And she was human, so I'm not bashing her, but she forgot put the verbiage in the the counter offer that stated buyer must this. Basically, this offer is being accepted on the premise that the buyer is approved for the assumable loan, yeah,
Becky Coins 14:57
because you have to go through their financial. Institution and that you're not applying with your own bank. You're applying with the bank that already has it. So they're the ones that have to approve you.
Monique Buchanan 15:07
And so yeah, you're not, you're not going to use your own lender and things like that. You have got to go through the seller's mortgager. And so whoever they're with, that's who you have to be approved through, they have to approve you. And who knows what guidelines, if they have strict guidelines, maybe it's a bank. You never know who it is. So if you're not approved, I want to make sure my sellers are protected. So I make sure to put that Burbage in there, because what happened with this lady? God bless her. It was not put in there to protect her. So if anybody that's out there thinking about selling your property, once you accept a contract, you are in contract, and you can be sued for non performance. If you try to back out, you got a couple little caveats that you can, you know, back out if things, you know, like the appraisal doesn't come in, or there's some of those, but for the most part, you're in, you're in it for the long haul. You're gonna sell that house or you risk being sued. And nobody wants that, right? And I'm not a lawyer by any means, so, but I'm just telling you that's, you know, typically how that will go. So unfortunately, she was sued. The buyer sued her because the bank told her only the family members can assume the loan. So then the buyer sued her for non performance and more, and it was 1000s of dollars. That's such a shame. It's a horrible shame. So you have to be careful, you guys, you know, but this is a great thing, as long as it's done right. It's an amazing opportunity for the buyer and it's amazing opportunity for the seller, but obviously you want to protect yourself and make sure that you know the proper verbiage is in there. And that was just a shout out to my colleagues. And believe me, these realtors, they know what they're doing. They're professionals, and they know to do this, but they're also human beings, right? We are not AI, you guys,
Becky Coins 16:35
hey, AI ain't always on top of it, either.
Monique Buchanan 16:37
That's true. AI is messed up itself, so please be you know, be have a little grace. Okay, give us a little grace. But just know that we take an oath to represent you. You know, as best we can and put you up ahead of us. We literally take an oath here in Las Vegas, we couldn't get our license or not our license. We could not be part of the realtor board until we were sworn in, sworn until we were swore in, and took an oath to put your needs before ours, so we take that very seriously. But now you have a opportunity, don't you?
Becky Coins 17:07
Becky, yeah? So, you know, I've been looking at a lot of the these assumable loans that have been on the market, and a lot of them are kind of more along the lines of our example, where you need to have that really, really big gap where, you know, 100,000 Yeah? Because a lot of them, you know, and that kind of stops a lot of stops a lot of people, because if you can't find a way to get that money, or, you know, sometimes combining it together, it still kind of ends up being a little bit more than what you want to spend. But I have one right now that is a VA assumable loan at 3.75%
Monique Buchanan 17:35
3.75% and even though she said it's a VA assumable loan, anybody civilians or veterans can
Becky Coins 17:42
correct because this veteran is willing to leave his entitlement.
Monique Buchanan 17:46
So once again, guys, 702984, 3700, 702-984-3700, welcome home. Show 91.5, at Gmail, and you can always follow me on Instagram. That's at realtor Monique Buchanan, B, U, C, H, A, n, a n. So tell us about the property.
Becky Coins 18:02
So this property is listed at 410,000 so, yeah, at the 3.75% so way under what's
Monique Buchanan 18:10
so the payment will be like, What 2100
Becky Coins 18:12
I believe 2360 is what the mortgage payment is.
Monique Buchanan 18:15
That's, you know, apartments are more than that. Yep, it's out of town.
Becky Coins 18:18
It's in the 89030, in North Las Vegas. It's a three bedroom, three bath, 1750 square feet. It's a newer build. It was built in 2021, 2021, that's a new house. Yeah, it is a new house. And so basically, this is one of those rare opportunities where the mortgage balance with the equity is not drastic. So if you only got like $23,000
Monique Buchanan 18:45
that's the difference. That's the difference. Only 23,023 and they can get a 3.75 rate. Yes, ma'am, you hear that, guys, that's why we tell you guys, you don't have to wait with everybody else. There's opportunities out there to get those low rates today. Yes, we will show you how to do it. 702 94 3700 if you guys are out there and you're thinking, this sounds good to you, right? $23,000 is what you'll have to basically pay the difference of whatever you know that's his equity that you'd have to pay to be able to assume his loan, right? Just so they understand this, there is no down payment, because that is your down payment. There's no closing costs, nope. So your total out of pocket to have a three bedroom built in 2021 new home, right? Total out of pocket will be 23,000
Becky Coins 19:29
because some some institutions have
Monique Buchanan 19:33
a couple fees, yeah. So there may be some fees involved. They're minimal. The payment will be $2,300 a month for this house. We're not even talking about a
Becky Coins 19:41
townhouse. The loan balance is 388,000
Monique Buchanan 19:44
so after they pay that $23,000 their loan balance will be 388
Becky Coins 19:48
Yeah, you just take over payments. Basically, you're taking over taking over payments.
Monique Buchanan 19:51
You guys, if you're interested in this, and you're thinking, My goodness, that sounds like a great deal, there's more to be half, but you can reach us at 7029. 8436 700 that is in the 89030, area. And we're talking a 2021, three bedroom home, house, yeah, $23,000 roughly out of your pocket if you got $23,000 and I'm pretty sure just decent credit, because you're not going through the hoops of you know, and this is just assuming of you guys. We don't know, because we don't know the mortgage, but I do know it's usually a little less strenuous than regular.
Becky Coins 20:22
So if you can usually qualify for a regular mortgage, you usually can qualify for
Monique Buchanan 20:26
this one and get this. Let's talk about qualifying for mortgages real quick. So let's pivot. So that's great opportunity once again, brand new home you guys, $23,000 2021, built in. 2021, three bedrooms, 89030, area. I want to talk about zero down programs while we still have them, while we still have them, because when 2026 hits, I just don't know if they're going to be here. So we have one that we've been using for 10 years now, and it covers your entire down payment. It also gives a little bit towards your closing costs. But like I said, guys, right now, we have been hitting people, and I hate to use this expression, no, I don't hidden folks over the head, because listen, when I'm representing my buyers, I hit them over the head with with the closing costs. When I'm representing my sellers, I'm snatching money back. I am ambidextrous. How do you say ambidextrous?
Becky Coins 21:12
Am ambidextrous? There you go. Yeah, I'm with you there when it
Monique Buchanan 21:15
comes to that, that's what I am. But anyways, you guys, so they zero down programs for my my people that are out there thinking, Oh, my goodness, I really want to buy a home. Monique's right. You know, renting, I'm wasting my money. I make zero on it. There's no benefit in renting. I can be put out at any time, right? The rent can go up because we have no rent cap here. So with that being said, 640 credit score, okay, the property has to be your primary residence, all right? And it is, it is forgiven after you've stayed there for whatever the years are. Sometimes it's three or five years depending on it. Yeah. But here's the thing, even if you decide to sell it before the three years you just you'll just be prorated, and you'll owe whatever it was. So if they gave you 10,000 and after three years you decide to sell it, maybe you'll owe 4000 out of your proceeds, because you're going to make money typically when you sell. So you'll just give them back 4000 of whatever you make. So it's not like you can't still buy if you know you're planning on moving right. So there's options, right? And then, of course, you know, 640 credit score any job. I say that because it's not that you have to be on the same job for two years. You can be just employed for the last two years, you guys, that's all that is. That's all the requirement is. So you are allowed to change jobs. You can change careers, jobs. You know what? I mean? Some I get a lot, you know, people that asked me that. So yes, you can definitely change jobs. So it has to be your primary residence. This is not to build your portfolio there my little investors, but I like the way you're thinking, right? So, yeah, 640 credit score. It has to be your primary residence, and they will give you your entire down payment. So let's pretend it's a $400,000 house. They're going to give you they're gonna give you $12,000 for your down. And then, like we've been telling you, we'll go after the closing costs, which is the other half of what you owe when you buy a home, we'll ask the seller to contribute to that. We have been getting pretty much nothing less than half of that, yeah, nothing less than half of that from sellers right now, all day long, and twice on Sundays. So all right, so let's talk about our veterans. You got your veteran a home, didn't you your son? Yes, I did. Is he happy? Oh, he loves it. He's ecstatic. You said he's, like, different now, like, oh yeah to all his, all of his friends,
Becky Coins 23:13
oh, he's a real estate mogul now, yeah, his, one of his friends is got a call with Anthony scheduled for this week. So yeah, we're getting them, and hopefully we have them in their new home soon too.
Monique Buchanan 23:22
It would make my heart so happy to be able to just get all these veterans a home, because they deserve it, and it builds wealth for their families when they pass on, especially if they're young, they've earned it. They've earned it. And here's the thing, I'm so excited for Jake, because he's young and he's using his entitlement and he can continue to build this wealth. And he could be in a place where he could just, if he doesn't feel like working, he doesn't have to, because he's got multiple properties as he was young, building that portfolio, if we would have started when we were 22 oh my goodness, buying properties, condos, even, any little thing. Just start buy something. And then veterans, you guys have the entitlement, you're zeroed down, and you have no mortgage insurance premium, which is like, basically means that your mortgage is always pretty much cheaper than everybody else's, because everybody else that does not put at least 20% down, they get hit with insuring their own loan. And that's typically my two Yeah, like, that's typically, like, 200 to $300 a month. So when I say you guys have lower rates, you have no mortgage insurance premium, your mortgage is cheaper than than civilians out the gate, right? And like Becky just said, and you have zero down program. You don't have to wait on a grant. You don't have to look for a down payment assistance program. You have one ready to go. So I just, I implore you guys to just look into it, because we, we can look into it for you. Actually, if you're, you're wondering if you have an entitlement, 7029 84 3700 702 90. 84, 3700, so who are the eligible buyers, or buyers for veterans? Who are the eligible borrowers,
Becky Coins 24:50
active duty National Guard, surviving spouses, yeah. Surviving spouses, yes.
Monique Buchanan 24:55
So all of you guys are, you know, eligible veterans, active duty National Guard. Are reserves and surviving spouses, and you deserve it.
Becky Coins 25:04
Yes, and don't think that your credit holds you back. You'd be surprised. Like the requirements are so much lower than everybody else.
Monique Buchanan 25:10
That's a very good point. Becky, something I forgot to take. Say you're absolutely right. Even the credit scores are less they can go as low as 580 I think I've even heard lenders go lower than that with veterans. It depends on the situation.
Becky Coins 25:21
Each one's different, because I don't think because I don't think they actually technically have a score.
Monique Buchanan 25:25
Yeah, right, right, right. You know that's funny, because they just changed that as well on the 16th of last month, so now they're not even with, was it? FHA? Is FHA? I think it's FHA. You guys don't, don't quote me, but I do know that one of them changed where now they're not looking your score is not a hard no anymore. That's changed as a 16th of last month, that changed, so now they're looking at the full picture, because sometimes there's things on there that, you know, make people's scores go way down, like medical Why should I be held back, you know, from buying a home because I got sick? Yeah, that's not fair. So I think they took that in consideration, and they did change the rules, you guys. So, and then student loans, you guys, that's another thing I want to touch on. There's, you know, a lot of know, a lot of people they're listening to, you know, hard rules that were 10 years ago, and they don't realize that the rules have changed, even for people with student loans. We sold a home recently to a person that had $450,000 worth of student loans. It's crazy. And we closed on that property. Yes, we did. Yes, we did. She was a veteran. As a matter of fact, yeah, she was sure was. And we closed on her property 400 she had $450,000 in student loans. And God bless her, she's sitting in her house today. Yeah, she is, and we're happy for her. She deserves it. Yes, she does. Okay, guys. So once again, we're gonna talk about our featured listings before we go. We have Mr. Morrison's condo. It's coming soon, right over there in Cliff shadows, where that's basically like Cheyenne and two teams. So you're right in the middle of Centennial Hills and Summerlin right off 215 Yeah, because you could jump on and go right, and you'll be at the Summerlin mall in like seven minutes. Or you can go left and you'll be at, you know, in Centennial, the heart of Centennial, in Cliff shadows, it's a two bedroom, two full bath. Extra bedroom has access to the full bath. But anyways, elevated ceilings. So the ceiling height in there is like 12 feet. You don't see that often in condos, so you've got 12 foot ceilings in this two bedroom, two bath condo. And we're probably gonna list this around 270,000 so it does come with a garage, which is unique because there's only 30 garages in the entire community, so he does have a garage as well. All right, so look for that listing. I will say the address next week when I actually have it listed. Okay, guys, and then we have 916, Carrie Grove, that is a four bedroom with three full baths. And get this one of the bedrooms is downstairs, and it does have a full bath as well. So if you have a loved one that can't do the stairs, or just guests coming over because you live in Vegas, they have their own bathroom to, you know, to use right now, that one's on the corner lot, and it's 220 I have such a hard time with this 2222 square feet, I'm just gonna say it like that. And guess what? Guys, one owner, the entire time this family has kept this home well maintained. Okay? And like I said, corner lot that's listed at 409 900 Yes, you heard me right. 409 900 Okay, so great deal there. And then there's another one.
Becky Coins 28:15
Becky, yes, we have that single story on that lot in the northwest area, four bedrooms, four bathrooms. It's got that RV parking pool and 1600 square foot lot. Yeah, I couldn't remember the square footage.
Monique Buchanan 28:30
And the RV parking is extended. So it's like, not only do you have RV parking, you know, we're but in front of the RV parking, you've got this driveway that you probably fit another boat, four cars or both, RV, yes, there you go. And it does have the hookups for the RV as well. So that one's going for 700 and no. Hoa, no, yeah, that's But anyways, yeah, no. Hoa, that's a hard one to find. Single Story, no. Hoa, pool with the waterfall, fruit trees. So 3806 internet, that one's going for 780,000 Okay, the other 1916's Carrie Grove, four, bedroom, three, full, full bath. That's also very rare corner lot, and that's listed at 409. 900 All right, guys, so I we hope you guys have a great weekend as always, as always, and until we hear from you. This is Monique and Becky Bye, bye. Now, thank you for listening. Please remember all terms discussed are simply an estimate. My license number is S, 1788, 46, my phone number, if you'd like to contact me, is 702-984-3700, you can also find me on YouTube. You.
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