Can I Buy a House in South Dakota With Poor Credit
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Can I Buy a House in South Dakota With Poor Credit

ByGustan Cho Posted on

In this blog, we’ll address the common inquiry: Can I buy a house in South Dakota with poor credit and low credit scores? Purchasing a home with less-than-ideal credit in South Dakota might feel daunting, with the buying process seeming nearly insurmountable. However, it’s worth noting that there are mortgage options tailored for individuals with…

FHA Loan With Recent Late Payments
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FHA Loan With Recent Late Payments in the Past 12 Months

ByGustan Cho Posted on

One of the most common inquiries we receive daily pertains to the eligibility for an FHA loan with recent late payments. It’s important to note that you can qualify for an FHA loan even if you have outstanding collections and charged-off accounts. Settling these accounts is not mandatory for approval; instead, securing an automated approval…

Mortgage Case Scenarios
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Mortgage Case Scenarios of Borrowers With Bad Credit

ByAlex Carlucci Posted on

This guide covers mortgage case scenarios of borrowers with bad credit and lower credit scores. If you have been following the blogs in Gustan Cho Associates for a while, you will understand that many of our clients have been turned down by their current lender. If you are reading our articles for the first time…

FHA Loan With Low Credit Scores
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FHA Loan With Low Credit Scores Mortgage Guidelines

ByGustan Cho Posted on

This article covers qualifying for an FHA loan with low credit scores mortgage guidelines for 2024. FHA loans are the best home loan program for homebuyers with low credit scores and a low down payment on a home purchase. Many homebuyers, especially first-time homebuyers, do not realize they can qualify for an FHA loan with…

Mortgage Guidelines on Late Payments
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Mortgage Guidelines on Late Payments

ByAlex Carlucci Posted on

This blog will discuss the mortgage guidelines on late payments in the past 12 months. Borrowers can qualify for home loans with bad credit, prior bankruptcy, foreclosures, and outstanding collections. However, mortgage guidelines on late payments normally require timely payments in the past 12 months. FHA and non-QM loans are the best mortgage options for…

North Carolina FHA Lenders For Bad Credit
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North Carolina FHA Lenders For Bad Credit with No Overlays

ByGustan Cho Posted on

In this blog post, we’ll discuss qualifying for FHA loans with top North Carolina FHA lenders for bad credit. It’s important to note that not all North Carolina FHA lenders have identical loan criteria. First-time homebuyers with lower credit scores or lacking credit history may be rejected by one lender but approved by another lender…

Home Loan With Bad Credit Texas
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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…

FHA Waiting Period After Bankruptcy and Foreclosure
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FHA Waiting Period After Bankruptcy and Foreclosure

ByGustan Cho Posted on

This article will discuss the FHA Waiting Period After Bankruptcy and Foreclosure. The FHA mandates waiting periods after bankruptcy, foreclosure, and short sales for loan qualification. HUD guidelines specify these waiting periods. FHA loans target individuals with low to moderate incomes, aiding first-time homebuyers with limited credit or financial history. Dale Elenteny, a senior loan…

Buying House After Selling Home With Late Payments
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Buying House After Selling Home With Late Payments

ByGustan Cho Posted on

In this article, we will cover and discuss buying a house after selling home with late payments. One of the frequently asked questions is buying a house after selling home with late payments possible. There are instances when a homeowner is behind on their mortgage payments and decide to sell their home. After they sell…

Lawsuit During Mortgage Process
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Lawsuit During Mortgage Process

ByGustan Cho Posted on

This article covers the lawsuit question on a mortgage application and what to do if you’re in a lawsuit during mortgage process. There are no issues if you are a lawsuit plaintiff during the mortgage process. However, borrowers can have issues getting a loan approval if they are defendants in a lawsuit during mortgage process….

Past Due Versus Collection And Charge Off Accounts
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Past Due Versus Collection And Charge Off Accounts Mortgage Guidelines

ByGustan Cho Posted on

In this blog, we will discuss and cover Past Due Versus Collection And Charge Off Accounts when qualifying and getting pre-approved for a mortgage loan. FHA loans are the most popular mortgage loan programs today for first-time home buyers. What is the Difference Between Charge-Off and Collections? Charge-off and collections are distinct stages in the…

NON-QM Loans After Bankruptcy
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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
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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…

FHA Guidelines on Late Payments After Bankruptcy
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FHA Guidelines on Late Payments After Bankruptcy

ByGustan Cho Posted on

In this blog, we will cover and discuss FHA guidelines on late payments after bankruptcy. Borrowers are often confused with FHA guidelines on late payments after bankruptcy due to being turned down for an FHA Loan if they have late payments after bankruptcy. Recent late payments in the past 12 months are not good. You can…

How Do Mortgage Lenders View Charge-Offs
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How Do Mortgage Lenders View Charge-Offs

ByGustan Cho Posted on

In this article, we will cover how do mortgage lenders view charge-offs. One of the frequently asked questions at Gustan Cho Associates is can I qualify for a home loan and how do mortgage lenders view charge-offs?  We will not tell you what you want to hear but rather the FACTS. The simple blunt correct…

How Do Underwriters View Collections
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How Underwriters View Collections on Mortgage Loans

ByGustan Cho Posted on

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.

FHA Mortgage Guidelines on Collection Accounts
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FHA Mortgage Guidelines on Collection Accounts

ByGustan Cho Posted on

In this blog, we will discuss and cover the FHA Mortgage Guidelines on Collection Accounts for qualifying for an FHA loan.  Per FHA mortgage guidelines on collection accounts, borrowers can qualify for an FHA loan with outstanding collection accounts without having to pay them to qualify for an FHA home loan. The Federal Housing Administration…

Mortgage Denied For Late Payments in Missouri
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Mortgage Denied For Late Payments in Missouri After Approved

ByDale Elenteny Posted on

In this blog, we will cover and discuss how homebuyers can qualify for a mortgage with new lenders after having a mortgage denied for late payments in Missouri after being pre-approved by a loan officer. Late payments in the past 12 months are very serious. Many borrowers will get a mortgage denied for late payments…

Mortgage Lenders For Bad Credit in Arkansas
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Mortgage Lenders For Bad Credit in Arkansas With No Overlays

ByDale Elenteny Posted on

In this article, we will cover and discuss finding the best mortgage lenders for bad credit in Arkansas to qualify for a home loan as first-time homebuyers with bad credit. Arkansas is one of the most sought-after migration spots in the country due to affordable housing prices. Tens of thousands of people and businesses from…

Gustan Cho Associates Has Special Tricks On Ways Of Boosting Credit Before Applying For Mortgage
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Ways of Boosting Credit Before Applying For Mortgage

ByGustan Cho Posted on

Gustan Cho Associates Has Special Tricks On Ways Of Boosting Credit Before Applying For Mortgage. Do not hire any credit repair companies if you are planning on applying for a mortgage. Credit repair does more harm than good during the mortgage process. You cannot have credit disputes during the mortgage process.

Non-QM Mortgage Lenders in Connecticut
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Non-QM Mortgage Lenders in Connecticut | Non-QM Loans

ByAlex Carlucci Posted on

In this blog, we will cover and discuss qualifying with non-QM mortgage lenders in Connecticut for borrowers who cannot qualify for qualified mortgages. Gustan Cho Associates (Gustan Cho Associates) are mortgage brokers licensed in 48 states with a large clientele base in Connecticut. The coronavirus outbreak of 2020 took a toll on millions of Americans,…