Layered Risk In Manual Underwriting
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What Factors Are Considered Layered Risk In Manual Underwriting

In this blog, we will be discussing the factors that are considered layered risks in manual underwriting. FHA and VA loans are the two primary loan programs that permit manual underwriting. When a VA or FHA loan receives a refer/eligible finding on the automated underwriting system (AUS), the application can still proceed with manual underwriting….

What Factors Affect Mortgage Rates
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What Factors Affect Mortgage Rates Pricing on Home Loans

Lenders base each borrower’s credit scores as well as other risk factors when determining mortgage rates. The higher the risk of a borrower, the higher the rate. It is best for each borrower to maximize their credit scores and other layered risks to get the best mortgage rates.

Front-End Debt-To-Income Ratios

Front-End Debt-to-Income Ratios Mortgage Guidelines

In this guide, we will cover front-end debt-to-income ratios mortgage guidelines. There are two different types of debt-to- income ratios: Front-End Debt-to-Income Ratios Back-End Debt-to-Income Ratios A homeowner’s monthly mortgage payment consists of the following and is called P.I.T.I. Principal Interest Property Taxes Homeowners Insurance The above is called P.I.T.I. However, many borrowers have other…

Difference Between Fannie Mae and Freddie Mac

Difference Between Fannie Mae And Freddie Mac

Fannie Mae and Freddie Mac Explained: What’s the Difference? If you’re considering purchasing or refinancing a home, you’ve likely heard of Fannie Mae and Freddie Mac—two major names in the mortgage industry. But what exactly do they do, and how do they differ? Here, we’ll break down the essentials to help you understand the difference…

Mortgage Lender Overlays on FHA and VA Loans

Mortgage Lender Overlays on FHA And VA Loans vs Guidelines

This guide covers mortgage lender overlays on FHA and VA loans. Mortgage lender overlays are mortgage lending guidelines above and beyond those mandated by mortgage loan programs. There are two types of mortgage lending guidelines: Mortgage Loan Program Guidelines Mortgage Lender Overlays All banks and mortgage companies must follow loan program guidelines. However, every bank…

Short Sale Versus Foreclosure

Short Sale Versus Foreclosure Mortgage Guidelines

In this guide, we will explain the difference between a short sale and foreclosure, as many viewers often get confused about this. We will also compare the benefits of short sale versus foreclosure. If home buyers plan on buying a new home with Conventional Loans, a short sale instead of foreclosure can be beneficial. However,…

DTI Manual Underwriting Guidelines
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DTI Manual Underwriting Guidelines on FHA and VA Loans

Understanding DTI Manual Underwriting Guidelines for FHA, VA, Non-QM, and Alternative Loans (2025 Update) Debt-to-income (DTI) manual underwriting guidelines are critical for borrowers who may not qualify through automated systems but want to achieve their dream of homeownership. Whether you’re applying for an FHA loan, a VA loan, or a non-QM loan, manual underwriting can…

FHA Debt-To-Income Ratio Requirements
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FHA Debt-To-Income Ratio Requirements

FHA Debt-To-Income Ratio Requirements: What You Need to Know If you’re applying for an FHA loan, one of the most important things lenders look at is your debt-to-income ratio (DTI). Simply, this tells lenders how much of your income is already going toward monthly debts, including your future mortgage. If your DTI is too high,…

Manual Downgrade From AUS Approval
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Manual Downgrade From AUS Approval on FHA Loans

Manual Downgrade from AUS Approval: What It Means and How to Get a Mortgage in 2025 Getting a mortgage can feel like a roller coaster. One minute, you’re told you’re approved. The next? You’re told your file is being downgraded. If you’ve heard the words “manual downgrade from AUS approval,” you’re not alone. And don’t…

FHA Loan with Recent Late Payments
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FHA Loan With Recent Late Payments in the Past 12 Months

FHA Loan with Recent Late Payments: A Guide to Qualifying Suppose you’ve had recent late payments on your credit report. In that case, you might wonder if qualifying for an FHA loan is possible. At Gustan Cho Associates, we specialize in helping borrowers with less-than-perfect credit, including those with late payments in the past 12…

Non-Qualified Mortgages

Non-Qualified Mortgages: Get Approved When Banks Say No

Non-Qualified Mortgages: 2025 Guide to Flexible Home Loans When Banks Say No Are you self-employed, have credit challenges, or have recently filed for bankruptcy or foreclosure? If you’ve been told “no” by traditional lenders, it’s time to look into non-qualified mortgages. These are flexible loan options designed for people who don’t fit inside the standard…

Nebraska Mortgage Calculator

Nebraska Mortgage Calculator With PITI, PMI, HOA, and DTI

Nebraska Mortgage Calculator: 2025 Guide to Monthly Home Costs Are you buying a home in Nebraska and wondering what your real monthly payment will be? The Nebraska mortgage calculator from Gustan Cho Associates gives quick, accurate answers. Whether you’re a first-time homebuyer or moving into your dream home, knowing if you can afford it is…

Mississippi Mortgage Calculator

Mississippi Mortgage Calculator With PITI, PMI, HOA, and DTI

Mississippi Mortgage Calculator: 2025 Guide to Budgeting Your Home Loan with Confidence Are you thinking about buying a home in Mississippi? Before you fall in love with a house, make sure it fits your budget. The easiest way to do that? Use the Mississippi mortgage calculator by Gustan Cho Associates. It’s the most accurate tool…

Maine Mortgage Calculator

Maine Mortgage Calculator With PITI, PMI, HOA and DTI

Maine Mortgage Calculator: 2025 Guide to Budgeting Your Home Purchase Are you thinking about buying a home in Maine? Before falling in love with your dream house, it’s important to ensure it fits your budget. The easiest way to do that? Use the Maine mortgage calculator by Gustan Cho Associates. Our calculator goes beyond principal…

Massachusetts Mortgage Calculator

Massachusetts Mortgage Calculator With PITI, HOA, and DTI

Massachusetts Mortgage Calculator: 2025 Guide to Know Your Real Home Costs Are you thinking about buying a home in Massachusetts? Before you start shopping, it’s smart to know your real monthly mortgage payment. That’s where the Massachusetts mortgage calculator by Gustan Cho Associates comes in. This easy-to-use tool helps you calculate your payment, including more…

Maryland Mortgage Calculator | Powered By Gustan Cho Associates Mortgage

Maryland Mortgage Calculator | Powered By Gustan Cho Associates Mortgage

Maryland Mortgage Calculator: 2025 Guide to Know Your Real Home Costs Thinking about buying a home in Maryland? Before falling in love with a house, it’s smart to know your monthly payment. That’s where the Maryland mortgage calculator by Gustan Cho Associates comes in. It helps you see the full picture—not just your loan amount…

Jumbo DTI Mortgage Calculator

Jumbo DTI Mortgage Calculator—No Guesswork, Just Results

Jumbo DTI Mortgage Calculator: 2025 Guide to Qualify for Big Home Loans Are you looking to buy a high-end home but unsure if your income and debt qualify? Use our jumbo DTI mortgage calculator to get real answers—fast. At Gustan Cho Associates, we help buyers get approved for jumbo mortgages, even if other lenders say…

FHA DTI Mortgage Calculator

FHA DTI Mortgage Calculator

Borrowers can calculate their front-end and back-end debt-to-income ratio for FHA loans using the FHA DTI Mortgage Calculator powered by Gustan Cho Associates. FHA loans are the most popular loan program for first-time homebuyers, borrowers with bad credit, and borrowers with high debt-to-income ratios. HUD, the parent of FHA, has a maximum front-end and back-end…