Home Loan With Bad Credit Texas
| | | | |

How To Get Approved For Home Loan With Bad Credit Texas

ByMike Gracz Posted on

This article explores the various mortgage options available to homebuyers seeking approval for a home loan with bad credit Texas. Despite lower credit scores, mortgage applicants can still qualify for and be approved for a home loan. However, the crucial factor in obtaining approval for a mortgage with bad credit and lower credit scores is…

Refinance Mortgage When House Is Still Listed For Sale
| | |

Refinance Mortgage When House Is Still Listed For Sale By Owners

ByMike Gracz Posted on

In this article, we will discuss and cover Refinance Mortgage When House Is Still Listed For Sale By Owners. In the realm of real estate, circumstances often change unexpectedly. Whether prompted by a job transfer, financial limitations, or simply wanting to move to a different area. Homeowners sometimes need to sell their property while also…

Acceptable Sources of Verifiable Funds for Closing
| | |

Acceptable Sources of Verifiable Funds for Closing

ByMike Gracz Posted on

In this blog, we will cover and discuss the acceptable sources of verifiable funds for closing. With the majority of qualified (QM) mortgage products being overseen by the federal government, there are very strict rules and regulations on what type of funds are acceptable for use when buying or refinancing a home. Funds that are…

How To Obtain A Mortgage Broker License

How To Obtain A Mortgage Broker License In Multiple States

ByMike Gracz Posted on

This Article Is About How To Obtain A Mortgage Broker License In Multiple States Individuals who want to become mortgage loan officers need to meet certain educational requirements and become licensed in the state they want to originate mortgage loans. Becoming a full-time mortgage loan originator can be very rewarding. One of the great benefits…

NON-QM Loans After Bankruptcy
| | |

NON-QM Loans After Bankruptcy With Bad Credit and Low FICO

ByMike Gracz Posted on

Non-QM loans after bankruptcy and foreclosure allow homebuyers to purchase a home with no waiting period after bankruptcy and/or a housing event. There are mandatory waiting period requirements after bankruptcy, foreclosure, short-sale, and deed in lieu of foreclosure with government and conventional loans. Until the launch of non-QM loans, home buyers were required to meet…

Derogatory Credit
| |

Can I Buy a House With Derogatory Credit Tradelines

ByMike Gracz Posted on

Homebuyers can buy a house and qualify for a mortgage with derogatory credit. Borrowers do not need perfect credit to qualify for a home mortgage. You can have derogatory credit tradelines and qualify for FHA, VA, USDA, Conventional, Jumbo, and non-QM loans. Gustan Cho Associates are experts in helping homebuyers with credit scores down to…

VA Manufactured Home Guidelines
| | |

VA Manufactured Home Guidelines On VA Loans

ByMike Gracz Posted on

In this blog, we will discuss and cover VA manufactured home guidelines on VA loans. Gustan Cho Associates has invested substantial time tailoring loan programs to cater to our nation’s veterans, including those seeking VA loans for manufactured homes. Many of our borrowers opt for VA loans, and we have earned a national five-star reputation…

Refinancing Land Contract Homes
| |

Refinancing Land Contract Homes To Government Or Conventional Loans

ByMike Gracz Posted on

In this article, we will discuss and cover refinancing land contract homes to government or conventional loans. There are factors to address when refinancing land contract homes to government and conventional loans. In today’s crazy mortgage market, more and more Americans are purchasing homes with a land contract. This is an alternative to traditional mortgage…

Mortgage Payment Shock

Mortgage Payment Shock Underwriting Guidelines

ByMike Gracz Posted on

This article delves into the Mortgage Payment Shock Underwriting Guidelines and its underwriters’ assessment. Maintaining a payment that suits both you and your family is crucial when securing a mortgage. What you perceive as a comfortable payment may differ from the evaluation based on your debt-to-income ratios. The real estate crash of 2008 served as…

Best Mortgage Options For Bad Credit in Oklahoma

Best Mortgage Options For Bad Credit in Oklahoma For 2024

ByMike Gracz Posted on

This article will explore the Best Mortgage Options For Bad Credit in Oklahoma in 2024. Gustan Cho Associates can guide the optimal mortgage options for those with bad credit in Oklahoma. FHA and VA loans stand out as the most favorable among these options due to their low down payment requirements. It’s worth noting that…

Chapter 13 Trustee Mortgage Approval
|

Chapter 13 Trustee Mortgage Approval During Bankruptcy

ByMike Gracz Posted on

Homebuyers and homeowners can secure Chapter 13 Trustee Mortgage Approval under the Chapter 13 Bankruptcy repayment plan. FHA and/or VA loans are accessible for homebuyers in this phase. Amidst a booming housing market, numerous homeowners find themselves with substantial equity in their properties.. Numerous individuals may need to pay more attention to their home equity….

FHA Loans With No Credit Scores
|

How To Get Approved For FHA Loans With No Credit Scores

ByMike Gracz Posted on

Gustan Cho Associates are experts when analyzing consumer credit reports. Since we do not have lender overlays, we see all types of credit scores. Many loan officers can close a 780 credit score, 20% down payment, and W-2 income borrower in their sleep. The same is true with our team. However, we specialize in helping…

Fannie Mae Rental Income Guidelines And Requirements

Fannie Mae Rental Income Guidelines And Requirements

ByMike Gracz Posted on

This blog post will explore Fannie Mae rental income guidelines and lending requirements. We will focus on elucidating the latest updates in Fannie Mae’s rental income guidelines that have recently come into effect. Gustan Cho Associates is available to provide insights into the newly established rental income guidelines applicable to both investment properties and primary…

VA Guidelines on Seller Concessions

VA Guidelines on Seller Concessions To Cover Closing Costs

ByMike Gracz Posted on

This guide covers VA guidelines on seller concessions to cover closing costs. VA loans is hands down the best mortgage loan program available today for owner occupant home buyers. Unfortunately, not everyone can qualify for a VA loan. Only veterans with a Certificate of Eligibility (COE) can qualify for a VA loan. One of the…

Moving to New Home
| | |

Qualifying For a Home Mortgage Moving To New Home

ByMike Gracz Posted on

This guide covers qualifying and getting approved for a home mortgage moving to new home. Moving to new home is a very exciting time for your family. As I take you on a daily journey of my life, and if you have been following along, you will know that I just moved into my current…

How To Study For NMLS Exam And Pass

How To Study For NMLS Exam And Pass It The First Time

ByMike Gracz Posted on

Embarking on a career in mortgage lending is an exciting endeavor, but before you can fully dive into the industry, you must know how to study for NMLS exam and pass the exam successfully. This standardized test is critical in obtaining your mortgage loan originator license. In this article, we’ll explore effective strategies and tips…

Colorado Springs Housing Market
| |

Colorado Springs Housing Market For Home Buyers

ByMike Gracz Posted on

This guide covers the Colorado Springs Housing Market for homebuyers. Colorado Springs Housing Market is booming. While tens of thousands of residents are moving out of New York and California, many Americans are migrating to Colorado Springs. Colorado Springs Housing Market has grown double digits annually for the past few years. There is no slowdown…

VA Jumbo Home Mortgages (1)
| |

VA Jumbo Home Mortgages Eligibility Requirements

ByMike Gracz Posted on

This guide covers the eligibility guidelines for VA Jumbo Home Mortgages. Most veterans know they do not need a down payment to purchase a home. But there are many things Veterans are not aware of, such as the removal of loan limits for VA mortgage loans. Up until 2020, VA loan limits required a down…

How To Become A Successful Mortgage Loan Officer
|

How To Become A Successful Mortgage Loan Officer

ByMike Gracz Posted on

This article will cover how to become a successful mortgage loan officer at Gustan Cho Associates. Starting a new career as a loan officer and How to become a successful mortgage loan officer. This mortgage blog article on how to become s successful  mortgage loan officer is geared toward those individuals thinking about starting a…

Washington DC Lenders
| | | |

Washington DC Lenders For Traditional and Non-QM Mortgages

ByMike Gracz Posted on

In this blog, we will cover and discuss the top-rated five-star Washington DC lenders for traditional and non-QM mortgages who have the best mortgage rates. Washington, DC has one of the highest home prices in the nation. Whether you have great credit, bad credit, or are seeking unique non-QM and alternative financing loans with multiple…