Lawsuit During Mortgage Process
This article covers the lawsuit question on a mortgage application and what to do if you’re in a lawsuit during…
How Mortgage Underwriters View Declining And Irregular Income?
In this blog, we will cover and discuss how mortgage underwriters view the declining and irregular income of borrowers. There…
How Property Taxes in Mortgage Qualification Affects DTI
This guide covers property taxes in mortgage qualification and how it affects debt-to-income ratios. For homebuyers, especially first-time home buyers,…
Past Due Versus Collection And Charge Off Accounts Mortgage Guidelines
In this blog, we will discuss and cover Past Due Versus Collection And Charge Off Accounts when qualifying and getting…
Cash To Close and Seasoned Funds For Closing by Borrower
In this blog, we will discuss and cover cash to close and seasoned funds for closing on a home purchase….
How to Get a Mortgage With Short Employment History
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.
Self-Employed Relocation Mortgage Guidelines And Challenges
In this article, we will cover and discuss Self-Employed Relocation Mortgage Guidelines. Three primary categories of residential mortgages cater to…
Refinance Into FHA 203k Loan From an Existing Mortgage
In this blog, we will cover and discuss how to refinance into FHA 203k loan from an existing home mortgage….
What Is DU Automated Approval per AUS FINDINGS
In this blog, we will cover and discuss what is DU automated approval on the automated underwriting system. A sound…
Clear To Close In 2 Weeks or Less Mortgage Process
This guide covers clear to close in 2 weeks or less mortgage process at Gustan Cho Associates. I run into…
FHA Guidelines on Late Payments After Bankruptcy
In this blog, we will cover and discuss FHA guidelines on late payments after bankruptcy. Borrowers are often confused with FHA…
How Do Mortgage Lenders View Charge-Offs
In this article, we will cover how do mortgage lenders view charge-offs. One of the frequently asked questions at Gustan…
EPM Empowered Down Payment Assistance Mortgage Program
This guide covers EPM Empowered down payment assistance mortgage programs. There are several types of down payment assistance mortgage programs…
FHA Loan With Judgment Mortgage Guidelines For 2023
This blog will discuss qualifying for an FHA loan with judgment mortgage guidelines and requirements. A Judgment is probably the…
Collection Accounts | Bad Credit Mortgages | Charge Off Accounts | FHA Loans | Mortgage Processing And Underwriting | Videos
How Underwriters View Collections on Mortgage Loans
HUD, the parent of FHA, does not require you to pay off the outstanding unpaid collection account balances in order to qualify for FHA Home Loans. However, FHA will count a percentage of any outstanding non-medical collection account balances.
Delegated Versus Nondelegated Mortgage Underwriting
This article is on delegated versus nondelegated mortgage underwriting by lenders. We will cover the main difference between delegated and…
Impact of Credit Score Changes During Mortgage Process
This guide covers the impact of credit score changes during mortgage process and how it impacts borrowers. Credit Score Changes…
FHA Guidelines on Mortgage After Loan Modification
In this blog, we will cover FHA guidelines on mortgage after loan modification. FHA Guidelines on Mortgage After Loan Modification…
FHA Mortgage Guidelines on Collection Accounts
In this blog, we will discuss and cover the FHA Mortgage Guidelines on Collection Accounts for qualifying for an FHA…
Maximum Debt-To-Income Ratios For AUS Approval
In this blog, we will cover and discuss the maximum debt-to-income ratios for AUS approval. One of the key factors…
Home Mortgage | Conventional Loans | FHA Loans | First Time Home Buyers | Qualifying & Getting Pre-approved | Videos
How Do I Qualify For a Mortgage and Get Approved
This guide covers the frequently asked question how do I qualify for a mortgage loan and get approved. Mortgage lenders…
