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ByMike Gracz
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Eviction Moratorium Updates: What Renters and Homeowners Need to Know in 2024 The eviction moratorium became a lifeline for millions of renters during the COVID-19 pandemic. While the federal eviction ban officially expired in 2021, many state and local governments have introduced new policies to address housing challenges. If eviction moratoriums have impacted you or…
ByMike Gracz
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Boarder Income Mortgage Guidelines for 2024: Boosting Your Income to Buy or Refinance a Home Are you wondering if the rent you collect from a roommate or boarder could help you qualify for a mortgage? With rising home prices, every bit of income can make a big difference. Let’s dive into how boarder income works…
ByMike Gracz
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VA Simultaneous Home Closings with No Overlays: 2024 Guide to Buying Your Next Home Are you considering buying a new home with a VA loan while selling your current one? Simultaneous closings, where you close on both homes on the same day, can help make that transition easier. But the process can be complex, especially…
ByMike Gracz
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Exciting updates about the latest 2024 info on FHA loans in Louisiana! If you dream of owning a home here but worry about your credit score, this is for you! With its vibrant culture, budget-friendly homes, and warm weather, Louisiana welcomes loads of new folks each year. It’s a wonderful place to live. So, if…
ByMike Gracz
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As most readers of our blogs know, Gustan Cho Associates are experts in VA mortgage lending. Our highly skilled team is growing into more states, so we are able to help more of our nation’s veterans. With the current housing market on fire, many Americans are moving themselves and their families to different areas. Our…
ByMike Gracz
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This Article is about No Overlay Lender Offering VA Loans Texas. Texas is one of the fastest-growing states in the U.S. Gustan Cho Associates Mortgage Group has more VA Loans Texas borrowers than any other state in the United States. More and more people are migrating to the Great State of Texas. Among the newcomers…
ByMike Gracz
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This article is about VA TBD Manual Underwriting Mortgage Guidelines On Pre-Approvals VA TBD Manual Underwriting Mortgage Process. Gustan Cho Associates are excited to re-introduce our TBD underwriting process. We are now able to send applications that require a manual underwrite to our underwriting staff in advance. Receiving a pre-approval from an underwriter will help…
ByMike Gracz
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This Article Is About Pest Inspection On VA Loans Mortgage Guidelines By State Pest Inspection On VA Loans Mortgage Guidelines By State required by the Veterans Administration: Gustan Cho Associates are experts in VA mortgage financing. We offer all our VA loan programs without LENDER OVERLAYS. In this blog, we will detail a critical part…
ByMike Gracz
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In this blog, we will cover and discuss VA renovation mortgage loans. Many of our veterans do not know they may utilize a VA loan to complete renovations to a property. This can be done when purchasing a home or refinancing their current primary residence. This product is similar to The FHA 203k or Fannie…
ByMike Gracz
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In this article, we will cover and discuss qualifying for a VA loan with low credit scores with Colorado VA lenders with no overlays for bad credit. The Department of Veterans Affairs administers the VA loans Colorado credit and debt to income ratio requirements and guidelines. In this article, we will cover Colorado VA lenders…
ByMike Gracz
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This blog will explore and discuss the Colorado mortgage loan limits for FHA and Conventional Loans. Similar to trends nationwide, Colorado has seen an increase in loan limits for 2022. After thorough analysis, the Federal Housing Finance Agency (FHFA) has raised the conforming loan limits nationwide in response to the significant rise in home prices….
ByMike Gracz
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BREAKING NEWS: Refinancing During Coronavirus Pandemic Mortgage Crisis Hurdles with Refinancing During Coronavirus Pandemic Mortgage Crisis: With all the global news surrounding the COVID-19 coronavirus outbreak, there is a strong surge of refinance mortgage transactions. In this blog, we will give a quick update on the coronavirus affecting mortgages and how to complete a refinance…
ByMike Gracz
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Tennessee Home Prices Continue to Rise in 2024 Tennessee boasts a healthy state government with a surplus, which is excellent news for the state’s financial health. Many residents from financially struggling states like Illinois are moving to Tennessee. The state attracts numerous residents from high-tax states such as Illinois, Wisconsin, California, New York, New Jersey,…
ByMike Gracz
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This Article Is About NON-QM Cash-Out Debt Consolidation Refinance With 90% LTV. The housing market is hot despite rising mortgage rates. Nationwide, home prices have been steadily increasing year after year since 2010. Most of Florida, Texas, Georgia, California, Colorado, New Jersey, Indiana, Pennsylvania, Kentucky, Mississippi, Michigan, Illinois have seen home values increase double digits….
ByMike Gracz
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When does an automated underwriting system approved file get downgraded to a VA manual underwrite downgrade on VA loans happen? If you are following Gustan Cho Associates, you know we are experts in VA mortgage guidelines. We do our best to help as many of our Nation’s veterans as possible. The team at Gustan Cho…
ByMike Gracz
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This article will tackle the Community Property States Mortgage Guidelines On DTI. Understanding marital property rights can be intricate, especially considering the varying legal frameworks across different states. Different states, including Texas, New Mexico, Louisiana, Wisconsin, California, Washington, Nevada, Idaho, and Arizona, may have varying ownership rules for assets acquired during a marriage. Unlike common…
ByMike Gracz
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DSCR mortgage loans, debt-service coverage ratio mortgages, is a type of no-income verification mortgage loan program. There is no income verification and documentation required on DSCR mortgage loans. DSCR mortgage loans benefit self-employed borrowers or real estate investors who do not have a consistent flow of qualified income. DSCR mortgage loans are underwritten just based…
ByMike Gracz
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California FHA 203k Loans are a great home purchase acquisition and renovation loan program with a 3,5% down payment of the after-repair value for homebuyers of fixer-uppers. Homebuyers of fixer-uppers can gut/rehab and/or renovate the home they are buying. California has one of the highest housing prices in the nation. Many Californians are not able…
ByMike Gracz
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Congrats on your new home purchase! We’ll guide you through the exciting process of Furnishing Your New Home Purchase Prior To Closing On Home Loan. From budgeting to creative tips, we’ll help you make your new home feel like home. Let’s discuss how to make the transition as smooth as possible. Furnishing Your New Home…
ByMike Gracz
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The practice of home builders steering lenders refers to the common industry practice of recommending or ” steering” homebuyers toward using a specific lender for their mortgage needs. This practice is often seen in real estate transactions where builders have established relationships with preferred lenders. The introduction of preferred lenders by builders raises questions about…
ByMike Gracz
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It’s important to note that Mortgage Lender Complaints and Bad Reviews submitted by borrowers do exist, but readers should understand the context. Consumers must recognize that prominent national lenders, such as Chase Bank, Quicken Loans, and Guaranteed Rate, are major players in the mortgage industry and employ hundreds, if not thousands, of loan officers. Although…
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