In this blog, we will cover and discuss FNMA waiting period guidelines after foreclosure for 2022. Conventional loans are often referred to as conforming loans because they need to conform to Freddie Mac and/or Fannie Mae guidelines. If lenders do not make sure conventional loans they originate and fund do not conform to FNMA or […]
In this blog, we will cover and discuss qualifying for FHA loans after unemployment with gaps in employment mortgage guidelines. Homebuyers can now qualify for FHA Loans After Unemployment and gaps in employment. Many people are under the assumption you need two years of work experience on the same job without any employment gaps. HUD, […]
In this article, we will discuss and cover qualifying for a home mortgage after unemployment with employment gaps. Homebuyers do not need a two-year employment history with the same company. Borrowers can qualify for a home mortgage after unemployment with employment gaps. Many mortgage loan applicants assume they automatically need two years of continuous employment […]
In this blog, we will cover and discuss the student loans mortgage guidelines on government and conforming loans. We will cover and fully go into depth about qualifying for a mortgage with large outstanding student loans. There have been major updates on student loans mortgage guidelines on FHA and conventional loans. Higher student loan balances […]
In this blog, we will cover and discuss the waiting period requirements after a timeshare foreclosure. One of the most frequently asked questions we get at Gustan Cho Associates is can I qualify for a mortgage after a timeshare foreclosure? Many homebuyers go to lenders to get qualified for a home mortgage with a timeshare […]
In this article, we will discuss and cover the VA property tax exemption guidelines on VA home loans. The Department of Veterans Affairs (The VA) created and implemented VA Home Loans for eligible active and retired members of the United States Armed Services. To qualify for VA loans, members of the U.S. Military need to […]
In this article, we will discuss and cover FHA appraisals versus conventional appraisal guidelines. There are several important factors between FHA appraisals versus conventional appraisal guidelines. All home buyers who need financing on a home purchase will need a home appraisal required by their lenders. Lenders rely on the home appraisal to secure the mortgage […]
In this blog, we will cover and discuss using non-QM versus jumbo mortgages to purchase high-end homes. Using Non-QM Versus Jumbo Mortgages To Buy High-End Homes is becoming increasingly popular. Traditional jumbo loans have strict lending guidelines due to the risk layer lenders need to take. Most traditional jumbo lenders may require a 740 credit […]
In this blog, we will cover and discuss the Jumbo mortgage with 10% down payment and no PMI. A Jumbo Mortgage is a residential mortgage loan that exceeds the conforming mortgage loan limits. The conforming mortgage loan limit for 2022 is capped at $647,200. in most parts of the United States with the exception of […]
In this blog, we will cover mortgage lenders going about an FHA downgrade to manual underwriting on FHA mortgage loans. This article will cover an extensive easy to understanding of the mechanics of FHA downgrade to manual underwriting on FHA home loans. Lenders can do VA and FHA downgrade to manual underwriting on borrowers who […]
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