How Student And Car Loans Affect DTI For Mortgages
This article will explore how student and car loans affect DTI (Debt-to-Income) mortgage ratios. Auto loans are typically the second-largest…
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Mortgage Protection Plans For Homeowners
This guide covers mortgage protection plans. The mortgage protection plan sets up a generational wealth plan and estate plan. The…
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HUD FHA 203k Loans Manual Underwriting Guidelines
This guide covers HUD FHA 203k loans manual underwriting guidelines on renovation loans. HUD FHA 203k loans manual underwriting guidelines…
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Homes For Heroes Mortgage For Medical Professionals
In this article, we will cover and discuss homes for heroes mortgage for medical professionals. A few articles have been…
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Why Do Mortgage Lenders Ask For Reserves From Borrowers
When And Why Do Mortgage Lenders Ask For Reserves? On VA and FHA manual underwriting, one month’s reserves are required. Multi-family units require reserves by homebuyers.
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HUD CAIVRS Guidelines on FHA Loans
This article will explore the HUD CAIVRS Guidelines for FHA loans when obtaining a mortgage. Government-backed mortgage loans are an…
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Should I Use Fannie Mae or Freddie Mac For AUS
In this article, we’ll discuss about Should I Use Fannie Mae or Freddie Mac for Automated Underwriting Systems (AUS). There…
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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…
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Home Mortgages | 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…
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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…
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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,…
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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…
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How Do I Qualify For Private Money Loan To Invest in Real Estate
This guide covers the frequently asked question how do I qualify for private money loan to invest in real estate….
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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.
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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…
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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…
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What Is The Benefit of Buying a House in California Versus Other States
This guide covers the benefit of buying a house in California versus other states. California reached record home prices Despite…
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How To Shop For a Mortgage In Today’s Housing Market
In this blog, we will cover and discuss how to shop for a mortgage in today’s housing market. Just over…
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Home Mortgage Case Scenarios For Homebuyers
This guide covers home mortgage case scenarios for homebuyers. Many borrowers have trouble qualifying for conventional and FHA mortgage financing….
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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…
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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…
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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…
