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Maine Mortgage Loans: FHA, VA, USDA, Conventional, Jumbo, and Non-QM Options The experience of buying a home in Maine varies by area. In busy Portland, prices are higher, while buyers in rural areas often qualify for USDA loans. Veterans can get VA loans with no down payment, and first-time buyers can use FHA loans or…
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…
In this blog, we will cover and answer the FAQ of can I buy house in Maine with 580 FICO with no active credit accounts. The short answer is yes. The best loan program for lower credit with no active credit tradelines is FHA loans. You can buy a house in Maine with 580 FICO…
This guide covers mortgage rates have recently been dropping. 30-year fixed FHA mortgage rates have been as low as 4.25% and 30-year fixed Conventional mortgage rates have been as low as 4.5% earlier this year. FHA mortgage rates have spiked up to the upper 6.0%. Conventional mortgage rates have climbed to over 7.5% just as…
In this article, we will address the steps to take if you face mortgage denial following conditional approval. The home loan application and approval involve various stages, and this holds for both home purchase and refinance borrowers. Regardless of the type of borrower, the mortgage application process remains consistent. Before prospective mortgage applicants sign any…
The New Jersey housing market is expected to remain competitive in 2026, as buyer demand remains strong, housing inventory remains limited, and home prices are not expected to collapse statewide. Although New Jersey has the highest property tax rates in the nation, it still attracts homebuyers seeking easy access to New York City and Philadelphia,…
What Are The Typical Mistakes Prior To Clear To Close To Avoid By Mortgage Borrowers? You should not maximize your credit cards, purchase new furniture, buy a car, bounce any checks, or apply for new credit during the mortgage process prior to the clear to close.
What Factors Affect Mortgage Rates? Complete Guide To Home Loan Pricing In this blog, we will cover what factors affect mortgage rates on home loans. Each borrower’s individual risk factors determine mortgage rates. We will be discussing what factors affect mortgage rates pricing on home loans. Credit scores and other layered risk factors determine the…
In this blog, we will cover the mortgage guidelines with a prior home loan in bankruptcy. There are instances when people file bankruptcy but include their current home loan in bankruptcy. A frequently asked question is when does the waiting period start if you have a prior home loan in bankruptcy? Is it the discharged…
Lending Guidelines on Employment Gaps for Mortgage Approval This blog addresses the eligibility criteria for obtaining a mortgage and securing approval despite having experienced employment gaps within the last two years. Lenders have informed numerous borrowers that mortgage qualification is contingent on maintaining the same job for the preceding two years. Employment gaps can affect…
Part-Time Income To Full-Time Income Mortgage Guidelines There are strict rules regarding the part-time income to full-time income mortgage guidelines. For part-time income to be used, borrowers need two years of consistent part-time income. Besides the two-year seasoning requirement, lenders want to be convinced that the likelihood of the part-time income continuing for the next…
This guide covers rebuilding credit during Chapter 13 Bankruptcy repayment plan. Rebuilding credit during Chapter 13 Bankruptcy is highly recommended for those who want to purchase or refinance their current home. Consumers do not have to wait until Chapter 13 Bankruptcy has been discharged to re-establish their credit. To qualify for a mortgage with an…
Getting the lowest mortgage rate is not just about calling lenders and asking for today’s rate. The best mortgage pricing usually goes to borrowers with stronger credit, lower debt, stable income, and the right loan setup. If you want a lower rate, the smartest move is to improve the parts of your profile lenders use…
Why mortgage rates are rising is one of the biggest questions homebuyers and homeowners are asking right now. When home loan rates rise, they affect affordability, monthly payments, refinancing opportunities, and borrowers’ confidence in entering the housing market. Mortgage rates do not rise randomly. They usually move in response to inflation trends, Federal Reserve policy,…
Wisconsin Mortgage Loans: Your 2026 Guide to First-Time Buyer Programs, Down Payment Help, Home Buying, and Finding the Best Rates This guide covers navigating the home buying journey and going over the various types of Wisconsin mortgage loans. Before exploring loan options and rates, take a moment to familiarize yourself with the key steps involved…
In this article, we will discuss why More Homeowners Fleeing Illinois Than Any Other State in the nation. Illinois is tied neck to neck with California for residents and businesses leaving their state. Illinois is now the sixth most populous state. It used to rank as the fourth most populous state in the country, but…
New Mexico Mortgage Calculator: 2026 Guide to Accurate Monthly Payments Are you thinking about buying a home in New Mexico? One of the first steps is figuring out how much house you can afford. That means knowing your monthly mortgage payment—not just principal and interest, but everything that comes with owning a home. The New…
FHA Mortgage After Bankruptcy Mortgage Guidelines: How to Qualify After Chapter 7 or Chapter 13 Borrowers can qualify for FHA mortgage after bankruptcy. There are two types of bankruptcies and HUD, the parent of the Federal Housing Administration, has different requirements with regards to each type of bankruptcy and the waiting period. Learn FHA mortgage…
In this article, we will be comparing FHA loans vs VA loans. VA loans by far are the best mortgage loan program in the nation. The U.S. Department of Veterans Affairs is the federal government agency administering the agency mortgage guidelines on VA loans. The role of the Veterans Administration (VA) and the U.S. Department…
VA home loans are among the most powerful benefits available to eligible veterans, active-duty service members, and certain surviving spouses—often offering 0% down, no monthly mortgage insurance, and more flexible credit guidelines than many other programs. This guide breaks down VA home loan requirements in plain English, including eligibility, the Certificate of Eligibility (COE), credit…
The Effect of High Interest Rates on the Housing Market This guide covers how skyrocketing interest rates affect housing prices going into 2026. When it comes to the current housing market, no one can, without absolute certainty, predict the values of homes. In many parts of the country such as many parts of California and…
This guide will discuss the FHA loan limits for standard and high-cost counties throughout the 50 states. Each state has FHA loan limits based on the county. HUD, the parent of FHA, sets the annual maximum FHA loan limits in standard and high-cost counties in the U.S. 2026 FHA Loan Limits First, Select Your State…
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