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VA Refinance Guidelines encompass two distinct mortgage processes: the VA streamline refinance (IRRRL), and the VA cash-out refinance. Gustan Cho Associates specializes in assisting homeowners with rate and term VA streamline refinances and cash-out VA refinance mortgages. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about VA refinance guidelines…
This article will discuss the buy-out cash-out refinance option for VA Chapter 13 Bankruptcy. A VA Chapter 13 Bankruptcy buy-out can be accomplished using a cash-out refinance on VA home loans while under a Chapter 13 Bankruptcy repayment plan. The widespread financial hardship caused by the coronavirus pandemic outbreak in February 2020 has significantly affected…
The Department of Veterans Affairs has lowered the maximum loan to value on cash-out refinance VA loans from 100% LTV to 90% LTV. This was brought on by the VA due to the booming housing market nationwide. HUD, the parent of FHA, also lowered the cash-out loan to value on FHA loans from 85% to 80% LTV.
We will be covering the updated VA cash-out refinance mortgage loans. Gustan Cho Associates, empowered by NEXA Mortgage, LLC are mortgage brokers licensed in 48 states, including Washington DC, Puerto Rico, and the U.S. Virgin Islands. Gustan Cho Associates has lending partnerships with over 190 wholesale mortgage lenders. We will update our viewers on updated…
Quick Answer: Colorado VA Lenders for Bad Credit If you’re a veteran or active-duty borrower in Colorado and you’ve been told “you need a 620 score,” “DTI can’t exceed 45%,” or “you can’t qualify during Chapter 13,” you may be running into lender overlays—extra rules some lenders add on top of VA guidelines. Colorado VA…
Quick Answer Want to see what lenders want to see in a borrower? Mortgage approval in 2026 comes down to proof: stable income, manageable debts, acceptable credit patterns, and clean, documented funds for down payment and closing costs. You don’t need perfect credit—you need a consistent recent payment history and a file that matches agency…
Quick Answer About Getting Approved for a Business Loan To approve a business loan, lenders focus on your ability to repay: cash flow/revenue trends, credit history, time in business, and how the funds will be used. You’ll typically need a clear business plan (or use-of-funds summary), recent bank statements, financial statements, tax returns (if available),…
Quick Answer: Yes, you may qualify for an FHA or VA mortgage while you’re still in an active Chapter 13 repayment plan — but timing and payment history matter. In general, HUD late payment mortgage guidelines commonly summarize as requiring at least 12 months of the payout period with on-time plan payments and written permission…
VA New Construction to Permanent One-Time Close Mortgages: 2026 Guide for Veterans Buying a house is hard in today’s market. Finding one you actually like? Even harder. But what if you could build a brand-new home, just as you want, with no down payment and only one loan closing? You can with a VA new…
This Article Is About Understanding VA Mortgage Rates And Loan Level Pricing Adjustments VA loans are the best home mortgage program in the United States. The government has created and launched VA loans decades ago to reward qualified members of our U.S. Military to reward them for their service to our country. Only select qualified…
If you’re behind on your mortgage and the letters are piling up, you’re not alone—and you have options. This easy-to-follow guide explains how to stop foreclosure in simple, everyday terms. We’ll cover what to do first, which options to ask your servicer about, how to organize your paperwork, and what to say on the phone….
Chicago property tax increases don’t just make headlines—they can raise your mortgage payment even if your interest rate never changes. That’s because most homeowners pay taxes through an escrow account. When the annual tax bill rises, your lender adjusts your monthly escrow deposit to cover it. In this guide, you’ll learn (in plain English) how…
Buying out of state homes online is no longer a risky experiment—it’s a practical, step-by-step way to shop, inspect, finance, and close without boarding a plane. You can make confident decisions from anywhere with live video tours, uncut walk-throughs, secure e-signatures, and remote notarization. This guide shows how buying out of state homes online works…
This guide covers business cash-flow analysis for self-employed wage earners. Positive business cash-flow analysis is critical to effectively managing every business. Particularly for small business, having less access to cash is problematic. Future forecasting can help you determine what your cash flow is going to look like down the road so you can plan for…
Buying a Home With a VA Loan in 2026: The Clear, No-Nonsense Guide You served. You earned this benefit. If you’re buying a home with a VA loan, this guide shows—step by step—how to use zero-down financing, keep cash to a minimum at closing, and get to the finish line with confidence. We also update…
TL;DR: DTI Manual Underwriting Guidelines (2026 Update) If a computer system says “no” to your mortgage because your debt-to-income ratio (DTI) is high, your income is hard to document, or your credit history is unique, you may still qualify through manual underwriting. DTI Manual underwriting guidelines is when a real underwriter reviews your whole situation—not…
Conforming Loan Underwriting Guidelines: What You Need To Know in 2025 If you’re considering buying a home and want a mortgage with the best rates, you’ve likely come across the term conforming loan underwriting guidelines. These rules significantly affect whether you get approved and how much house you can afford. At Gustan Cho Associates, we…
Veteran administration loans are one of the most powerful mortgage options available to the men and women who served our country. These government-backed loans make it easier for eligible veterans, active-duty service members, and surviving spouses to become homeowners with minimal out-of-pocket expenses. Many borrowers believe they need perfect credit, substantial savings, or a lengthy…
Active and/or retired members of the United States Armed Services and eligible surviving spouses of eligible veterans in Kentucky can qualify for VA loans Kentucky with no money down, credit scores down to 500 FICO, less than perfect credit, and prior credit issues. Navigate Kentucky VA loans, including eligibility requirements, benefits, and guidelines, and make…
The bankruptcy manual underwriting guidelines on FHA and VA loans are covered in this guide, which focuses on the exclusive mortgage programs that permit manual underwriting. Manual underwriting occurs when a borrower fails to receive an approve/eligible status via the automated underwriting system and necessitates human underwriter assessment. Dale Elenteny is a loan officer at…
Refinancing your home shouldn’t feel like a maze. If you’re hunting for a lower monthly payment, a shorter term, or cash for debt consolidation or home upgrades, this Chicago mortgage refinance guide explains the options, the costs, the timeline, and how to avoid low-appraisal roadblocks—using simple steps you can follow today. Quick take: You don’t…
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