Fannie Mae Bankruptcy Guidelines on Conventional Loans
As per the Fannie Mae Bankruptcy Guidelines for conventional loans, borrowers must follow a mandatory waiting period after filing for…
How Does Rent-to-Own Homes Work?
In this guide, we will cover how rent-to-own homes work for homebuyers who cannot quite get traditional financing. When you…
Florida Housing Market For Homebuyers and Renters
There is no sign of any housing market crash, especially in Florida. Home prices are booming with no signs of any correction.
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…
Qualifying For Conventional Loan After Foreclosure
Qualifying for a conventional loan after foreclosure presents more challenges than government loans. However, homebuyers can qualify for a conventional…
When Two Appraisals Are Required By Mortgage Lenders
This article will cover and discuss when mortgage lenders require two appraisals. In general, only one appraisal is required—however, there…
Overlays in Underwriting By Mortgage Lenders
This blog is about overlays in underwriting on government and conventional loans. The mortgage industry went through a major overhaul…
Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Credit Disputes | Credit Scores | Re-Establishing Credit | Videos
Common Credit Score Questions From First-Time Homebuyers
This guide covers common credit score questions from first-time homebuyers. What does a “good credit or good FICO” really mean…
Late Mortgage Payment in the Past 12 Months Lending Guidelines
This guide covers qualifying for a home loan with a late mortgage payment in the past 12 months. Qualifying for…
How Credit Repair Works During The Mortgage Process
This guide covers how credit repair works during the mortgage process. A substantial percentage of my borrowers are folks who…
Manual Underwriting DTI Guidelines For FHA and VA Loans
This guide covers manual underwriting DTI guidelines on FHA and VA loans. HUD and the Veterans Administration are the only…
Buying Home In Mississippi With Bad Credit and Low FICO
Is Possible To Buying Home In Mississippi With Bad Credit With Lender With No Overlays? Yes, it is at Gustan Cho Associates. Gustan Cho Associates is a mortgage company licensed in Mississippi.
Mortgage Denied After Pre-Approval By Underwriters
In this blog post, we will explore a tackle problem many borrowers face – Mortgage Denied After Pre-Approval. The landscape…
VA Loans With No Credit Scores Mortgage Guidelines
This blog post will discuss VA loans with no credit scores in detail and examine the DTI (Debt-to-Income) requirements. VA…
Benefits and Negatives of Buying House Near Airport
In this blog, we will cover and discuss buying house near airport. Homebuyers need to consider the benefits and…
FHA Appraisals Versus Conventional Appraisals Guidelines
This article examines and clarifies the criteria for FHA Appraisals Versus Conventional Appraisals. There are significant differences in the guidelines…
Texas Housing Market Forecast For 2023 Through 2024
This guide will cover the Texas housing market forecast for 2023 going into 2024. The Texas housing market is booming…
Using Overtime Income To Qualify For Mortgage Loans
Can I Use Overtime Income As Qualified Income To Qualify For A Mortgage? You can use overtime and part-time income as qualified income as long as those other income has been seasoned for at least two years.
Importance of Job Stability When Buying a House
This guide covers the importance of job stability when buying a house with a mortgage. Income is the most important…
How To Become a Real Estate Agent in Today’s Market
This guide covers how to become a real estate agent in today’s competitive housing market. A career in real estate…
How Homeowners Insurance Deductibles Work
This guide covers how homeowners insurance deductibles work. Homeowners insurance deductibles used to be straightforward. It was the dollar amount…
Removing Judgments Off Credit Report For Mortgage
This guide covers removing judgments off credit report to qualify for and get approved for a mortgage. Borrowers can qualify…
