ByGustan Cho, NMLS 873293
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Credit Score Mortgage Guidelines for FHA, VA, USDA, and Conventional Loans This guide covers credit score mortgage guidelines for FHA,…
ByGustan Cho, NMLS 873293
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HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required.
ByGustan Cho, NMLS 873293
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This guide covers mortgage guidelines for buying a new house when starting a new job or facing an employment gap….
ByGustan Cho, NMLS 873293
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Getting a mortgage after retirement involves qualifying based on income, assets, and credit, even if those come from retirement. Many…
ByGustan Cho, NMLS 873293
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A two-year employment history does not necessarily mean two consecutive years at the same job. You can have gaps in employment and/or multiple jobs in the most recent two years and still qualify for mortgage approval. In some cases, you can qualify for a mortgage with 12 months employment history.
ByGustan Cho, NMLS 873293
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This guide covers how to prepare for a mortgage as a first-time homebuyer. The best way to prepare for a…
ByGustan Cho, NMLS 873293
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Timing for Conventional Loans After Chapter 13 Bankruptcy A conventional loan may be obtained after a Chapter 13 bankruptcy; however,…
ByGustan Cho, NMLS 873293
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What Are The 3% Down Payment Conventional Loan Requirements And Guidelines? Fannie Mae and Freddie Mac allow a 3% down payment on conventional loans for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership of a home in the past three years.
ByGustan Cho, NMLS 873293
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FHA Bankruptcy Waiting Period: Chapter 7 and Chapter 13 Guidelines The waiting period for an FHA loan after bankruptcy depends…
ByGustan Cho, NMLS 873293
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Conforming down payment guidelines vary by occupancy, property type, number of units, loan program, and automated underwriting findings. There may…
ByGustan Cho, NMLS 873293
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Borrowers in Chapter 13 bankruptcy may still be eligible to buy or refinance a home with an FHA loan. FHA…
ByGustan Cho, NMLS 873293
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How Bankruptcy Affects Mortgage Approval: FHA, VA, USDA, Conventional, Non-QM Guidelines Bankruptcy does not prevent potential homeowners from qualifying for…
ByGustan Cho, NMLS 873293
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A loss of employment during mortgage process won’t necessarily lead to an automatic denial of your mortgage. However, lenders will…
ByGustan Cho, NMLS 873293
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Mortgage underwriters qualify borrowers by verifying the income, employment, credit, debts, assets, and property information used in the mortgage application….
ByGustan Cho, NMLS 873293
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How to Improve Credit to Qualify for VA Loans in 2026 How to increase credit to become eligible for a…
ByGustan Cho, NMLS 873293
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In this article, we will be comparing FHA loans vs VA loans. VA loans are by far the best mortgage…
ByGustan Cho, NMLS 873293
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Refinance Jumbo Loan Requirements and Cash-Out or Non-QM Opportunities Refinancing a jumbo loan is different from refinancing a regular conforming…
ByGustan Cho, NMLS 873293
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Waiting period mortgage guidelines describe the period of time, usually after bankruptcy, foreclosure, short sale, or deed in lieu, that…
ByGustan Cho, NMLS 873293
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FHA Case Number: Assignment, Transfer & Cancellation Guide This guide will cover and discuss what an FHA case number is,…
ByGustan Cho, NMLS 873293
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This guide covers FHA DTI guidelines on manual underwrites. The key distinction between manual and automated underwriting system guidelines lies…
ByGustan Cho, NMLS 873293
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This guide covers solutions for when things go wrong during the mortgage process. The mortgage process can be very stressful….
ByGustan Cho, NMLS 873293
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High-balance conforming loans finance amounts above the national conforming baseline but within the higher FHFA limit for an eligible high-cost…
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