How Mortgage Underwriters Consider Verified Assets For Home Loan
When applying for a mortgage loan, homebuyers must present verified assets for home loan to the lender. Verified assets include…
Mortgage With Late Payments After Bankruptcy And Foreclosure
Home loans are still available to borrowers with collections, charged-off accounts, or late payments. Lenders are generally willing to approve…
Home Mortgage | Credit Scores | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos
Qualifying Credit Score For Mortgage Used By Lenders
In this blog, we’ll explain the qualifying credit score that lenders use for mortgages. Mortgage underwriters determine this score by…
Mortgage Conditions By Underwriters On Conditional Approval
In this article, we will discuss and cover mortgage conditions by underwriters on conditional loan approvals. Once the mortgage loan…
Training a New Mortgage Loan Officer Without Any Experience
This blog explores the process of training a new mortgage loan officer, particularly those without prior experience. Gustan Cho Associates…
Qualifying For Mortgage With Collection Accounts Guidelines
In this blog, we will cover and discuss qualifying for mortgage with collection accounts guidelines. Homebuyers can qualify for a…
Manual Downgrade From AUS Approval on FHA Loans
In this blog, we will discuss and cover the manual downgrade from AUS approval on FHA loans. Manual Downgrade From…
How Underwriters View Unsourced Funds In Mortgage Process
This guide covers how underwriters view unsourced funds while analyzing and reviewing a borrower. Unsourced funds have no paper trail,…
Home Inspection Before Starting The Mortgage Process
This guide covers home inspection before proceeding with the mortgage process. A home inspection is an inspection of a home…
Working With A Loan Officer During The Mortgage Loan Process
In this blog, we’ll explore the process of working with a loan officer during your mortgage application. Choosing a loan…
FHA and Conforming High-Balance Mortgage Loans
Traversing the landscape of mortgage loans can be an intricate voyage, presenting many options tailored to meet diverse financial requirements….
Changes In FHA Guidelines For First Time Home Buyers
This article discusses the changes in FHA guidelines that are particularly relevant to first-time home buyers. The Federal Housing Administration…
Solutions To High Debt To Income Ratios On Home Purchase
Gustan Cho Associates has no lender overlays on debt to income ratio on government and conventional loans. We just go off the agency caps on debt to income ratio no government and conventional loans.
HUD Reserve Requirements and Guidelines on FHA Loans
HUD reserve requirements mandate maintaining reserves in specific scenarios, and it’s prudent for homeowners to voluntarily set aside funds for…
How To Get Your Ex-Spouse Off Your Mortgage After a Divorce
In this blog post, we’ll explore how to remove your ex-spouse from your mortgage following a divorce. Despite the overall…
Cashback at Closing on VA Loans Mortgage Lending Guidelines
This blog addresses the topic of obtaining cashback when closing on VA loans. We’ve received numerous inquiries in recent weeks…
FHA Work History Guidelines on Non-Traditional Jobs and Gaps
FHA Work History Guidelines: Can You Qualify with Gaps in Employment? If you’ve been dreaming of owning a home but…
Buying a Home In Tennessee With Bad Credit and Low FICO
HUD oversees the Federal Housing Administration (FHA) and helps homebuyers in buying a home in Tennessee with bad credit and…
Lender Credit and Sellers Concessions For Closing Costs
This blog will explore the concepts of lender credit and seller concessions about closing costs. When securing a home purchase…
Understanding Owner Occupancy Fraud Mortgage Guidelines
Owner Occupancy Fraud: Everything You Need to Know to Avoid Serious Consequences in 2024 When applying for a mortgage, your…
Condominium Loans | Condotel and Non-Warrantable Condos | Qualifying & Getting Pre-approved | Real Estate Topic | Videos
Conventional Loan Fannie Mae-Freddie Mac Condo Guidelines
This article focuses on the Fannie Mae-Freddie Mac Condo guidelines on conventional loans. These guidelines enable eligible borrowers to secure…
Using Realtor Commission For Home Purchase Down Payment
This guide covers using realtor commission for home purchase down payment. This article delves into using realtor commission for a…
