Fannie Mae and HUD Guidelines on Conforming vs FHA Loans
FHA and conventional loans work best for different borrower profiles. FHA loans are often better for borrowers with lower credit…
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Career Opportunities/Loan Officer Training | Mortgage Lender Overlays | Qualifying & Getting Pre-approved | Videos
Choosing the Right Mortgage Company for Loan Officers
Choosing the Right Mortgage Company: A Loan Officer Career Guide This guide covers choosing the right mortgage company for loan…
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How Loan Officers Build Referral Partnerships with Realtors
Real estate agents are the biggest referral source for loan officers. On the flip side, Realtors depend on experienced knowledgeable real estate agents to qualify and approve their clients.
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Real Estate Agent Referral Network | One Solution
Real Estate Agent Referral Network for Buyers and Sellers One Solution Real Estate is developing a real estate agent referral…
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Manual Underwriting versus Automated Approval Guide
This guide covers manual underwriting versus automated approval. There are two types of Automated Underwriting Systems (AUS): Fannie Mae’s Automated…
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Automated Underwriting System | Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Videos
Mortgage with Collection Accounts and Charge-Offs
Is it possible to secure a mortgage with collection accounts? The short answer is yes. In this guide, find out…
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What Is PITI in a Mortgage? Full Monthly Payment Guide
All mortgage loan programs require a maximum front debt-income ratio and back debt to income ratio. However, conventional loans do not require a front debt to income ratio. VA loans do not have a debt to income ratio requirements. Lenders can have lender over lender overlays on debt to income ratios.
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Mortgage Processing And Underwriting | Automated Underwriting System | Qualifying & Getting Pre-approved | Videos
Factors Affect Pre-Approval Mortgage Process
This guide explores the factors affect pre-approval and stress during the mortgage process. Once individuals decide to purchase a home,…
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Mortgage Processing And Underwriting | Conventional Loans | FHA Loans | Mortgage Lender Overlays | Videos
The Role of Mortgage Underwriter in the Home Loan Process
In this guide, we will cover the role of a mortgage underwriter during the home loan approval process. The role…
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Videos | Charge Off Accounts | Collection Accounts | Qualifying & Getting Pre-approved | Re-Establishing Credit | VA Loans
VA Loans With Bad Credit in Tennessee
VA loans with bad credit in Tennessee may be available, even when a borrower has a low credit score. The…
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What Does Yield Spread Premium in Mortgage Lending Mean?
Despite its long history, the term ‘yield spread premium’ still puzzles many mortgage professionals. In the past, wholesale mortgage lenders…
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Conditional Mortgage Approval Delays: Causes and How to Avoid Them
Conditional mortgage approval means an underwriter has reviewed your loan file but still needs specific documents, explanations, or third-party items…
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Home Maintenance for First-Time Home Buyers
Buying a home is exciting, but it also means taking responsibility for repairs, safety checks, and routine upkeep that a…
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Do All Lenders Have The Same Guidelines? Avoid Denial
Do all mortgage lenders have the same guidelines? No, mortgage lenders do not all have the same guidelines. FHA, VA,…
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High Debt-to-Income Ratio Home Loans in California
Yes, you may qualify for a California mortgage with a high debt-to-income ratio. Approval depends on the loan program, credit…
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Student Loans | Conventional Loans | FHA Loans | High Debt To Income Ratio | Mortgage Processing And Underwriting | USDA Loans | VA Loans | Videos
Income-Based Repayment Student Loan Mortgage Guidelines
Features of Student Loan Mortgage Programs and Income-Based Repayment Plans Income-Based Repayment plans can help make federal student loan payments…
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Mistakes When Refinancing: 12 Costly Traps to Avoid
How do you avoid mistakes when refinancing? To avoid mistakes when refinancing, compare the proposed loan to your existing mortgage…
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FHA Loans | High Debt To Income Ratio | High-Balance Mortgage Loans | Manual Underwriting | Mortgage Lender Overlays | Qualifying & Getting Pre-approved | Videos
Major Changes in FHA Guidelines HUD 4000.1 Handbook
This guide will delve into the major changes in FHA guidelines, specifically the HUD 4000.1 Handbook, which may have implications…
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FHA Loans | Condominium Loans | Condotel and Non-Warrantable Condos | Conventional Loans | Real Estate Topic | Videos
FHA Spot Loans on Non-HUD-Approved Condos
FHA Spot Loans enables condo buyers to purchase a condo unit in a non-HUD-Approved Condo Complex with an FHA loan.
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HUD Guidelines for Gift Funds on FHA Loans
This guide will delve into the HUD guidelines for gift funds in the context of home purchase transactions involving Federal…
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Home Mortgages | Conditional Loan Approval | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos
How Is a Mortgage Pre-Approval Issued By Lenders
This guide covers mortgage pre-approval issued by underwriters. Over 80% of our borrowers at Gustan Cho Associates are folks who…
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Mortgage with No Income Documentation and No Tax Returns
Gustan Cho Associates has a mortgage with no income documentation, no tax returns, and low credit scores. Many folks who…
