Bad Credit Mortgage Guidelines
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Bad Credit Mortgage Guidelines on Purchase and Refinance

ByGustan Cho Posted on

This guide covers bad credit mortgage guidelines on home purchase and refinance. Mortgage borrowers can qualify for home loans with bad credit per bad credit mortgage guidelines. FHA loans are the most popular mortgage loans for borrowers with bad credit and low credit scors. FHA loans can have fixed-rate or adjustable-rate mortgage (ARM) options, with…

VA Derogatory Credit Mortgage Guidelines
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VA Derogatory Credit Mortgage Guidelines on VA Loans

ByGustan Cho Posted on

This guide covers VA derogatory credit mortgage guidelines on VA loans. VA derogatory credit mortgage guidelines on VA loans are very lenient. VA mortgages have the most lenient lending guidelines than any other loan program. The Department of Veterans Affairs (the VA) is the government agency that governs VA loans to eligible members of the…

Common Credit Score Questions
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Common Credit Score Questions From First-Time Homebuyers

ByAli Posted on

This guide covers common credit score questions from first-time homebuyers. What does a “good credit or good FICO” really mean One of the most important achievements in life (amongst many others) is to build a good credit history and thus achieve a respectable FICO score right? We all work very hard in life, day in…

Do I Have To Pay Collections For FHA Loan
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Do I Have To Pay Collections For FHA Loan Approval

ByGustan Cho Posted on

This guide covers the frequently asked question do I have to pay collections for FHA loan approval. We will discuss the topic of do I have to pay collections for FHA loan approval. A large percentage of our borrowers are folks who were turned down by other mortgage companies because they had outstanding collection accounts…

Shopping For Mortgage With Poor Credit
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Shopping For Mortgage With Poor Credit and Low Credit Scores

ByGustan Cho Posted on

In this blog, we will discuss and cover shopping for mortgage with poor credit and low credit scores. Shopping for a mortgage is somewhat different than shopping for other goods and services. Home Buyers are limited when Shopping For Mortgage With Poor Credit and lower credit scores. Buyers with higher credit scores have advantages over…

Statute of Limitations on Collection Accounts
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Statute of Limitations on Collection Accounts and Bad Credit

ByGustan Cho Posted on

In this blog, we will cover and discuss the statute of limitations on collection accounts and charge-offs. We will go into detail on how older collection accounts affect qualifying for a mortgage. The Great Recession of 2008 has affected the financial lives of many Americans in this country as well as globally. Hard-working Americans not…

HUD Bankruptcy Guidelines
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HUD Bankruptcy Guidelines After Chapter 7 And Chapter 13

ByGustan Cho Posted on

This article will discuss HUD bankruptcy guidelines following Chapter 7 and Chapter 13 bankruptcy, particularly about FHA loans. HUD Bankruptcy Guidelines affirm that individuals can become eligible for FHA loans after Chapter 7 and Chapter 13 Bankruptcy filings. Many prospective homebuyers, particularly those entering the market for the first time, may erroneously believe that obtaining…

Late Mortgage Payment in the Past 12 Months Lending Guidelines
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Late Mortgage Payment in the Past 12 Months Lending Guidelines

ByAli Posted on

This guide covers qualifying for a home loan with a late mortgage payment in the past 12 months. Qualifying for a home loan with a late mortgage payment in the past twelve months can become a hurdle but not impossible. Read on folks. You can have prior bad credit, outstanding collections and charged-offs, repossessions, or…

Types of Residential Lending
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The Types of Residential Lending for Borrowers With Bad Credit

ByGustan Cho Posted on

This guide covers the different types of residential lending for homebuyers with bad credit out in todays marketplace for owner-occupant home, second homes, and investment properties. Most folks will need to know with types of residential lending when shopping for a homeThere are many types of residential lending when it comes to home mortgages, Home…

Buying a Home in Tennessee with Bad Credit
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Buying a Home In Tennessee With Bad Credit and Low FICO

ByAnngelli Abenes Posted on

HUD oversees the Federal Housing Administration (FHA) and helps homebuyers in buying a home in Tennessee with bad credit and low FICO. The most recommended loan programs for those interested in buying a home in Tennessee with poor credit and diminished credit scores are government and conventional loans. This preference arises from FHA, VA, USDA,…

FHA Credit Guidelines
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FHA Credit Guidelines | Guide For FHA Loan Approval

ByDale Elenteny Posted on

In this article, we will discuss and cover the FHA credit guidelines on how to get qualified for an FHA loan..  This will include how to get an approve/eligible per automated underwriting system and what credit guidelines are required on manual underwriting. we will cover the newest updates on recent late payments in the last…

Best Mortgage Lenders For Bad Credit in Hawaii
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Best Mortgage Lenders For Bad Credit in Hawaii

ByGustan Cho Posted on

In this article, we will cover and discuss getting approved by the best mortgage lenders for bad credit in Hawaii in 2024 with low rates, wide variety of prime and non-QM loans, and lowest rates. Hawaii has one of the highest home prices in the United States. Home prices in Hawaii rank among the highest…

Mortgage with Recent Derogatory Credit
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Mortgage With Recent Derogatory Credit in the Past 12 Months

ByGustan Cho Posted on

In this article, we will cover and discuss qualifying for a mortgage with recent derogatory credit with our non-QM loan programs. Homebuyers can qualify for a mortgage with recent derogatory credit at Gustan Cho Associates with our non-QM loan program. What is recent significant derogatory credit? Here are examples of issues when it comes to…

How to Buy a House With Bad Credit
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How To Buy a House With Bad Credit

ByAlex Carlucci Posted on

This guide covers how to buy a house with bad credit.  Many folks assume you cannot get a mortgage loan with bad credit. Many non-believers frequently ask can you please help us how to buy a house with bad credit. The anwer to the frequently asked question how to buy a house with bad credit…

Bad Credit Mortgage Loans Alabama With 530 FICO
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Bad Credit Mortgage Loans Alabama With 530 FICO

ByGustan Cho Posted on

In this article, we will discuss and cover homebuyers qualifying for bad credit mortgage loans Alabama. Qualifying for bad credit mortgage loans Alabama is possible with a lender with no lender overlays. HUD, the parent of FHA, has the most lenient mortgage guidelines than any other mortgage program. VA loans is the best mortgage loan…

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…

FHA Guidelines on Charge-Offs and Collections For 2024
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FHA Guidelines on Charge-Offs and Collections For 2024

ByDale Elenteny Posted on

we will discuss the FHA Guidelines on Charge-Offs and Collections, crucial information for anyone seeking an FHA loan. These guidelines allow individuals with outstanding charge-offs and collection accounts to qualify for FHA financing. Despite such financial blemishes on your credit report, you may still meet the criteria for securing an FHA loan. Understanding these guidelines…

VA Loan With 500 Credit Scores
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Can I Qualify For a VA Loan With 500 Credit Scores

ByGustan Cho Posted on

Can an individual with a credit score of 500 be eligible for a VA loan? Absolutely. The Veterans Administration (VA) oversees and establishes guidelines for VA loans, and there’s no mandated minimum credit score requirement. If the borrower can receive approve/eligible through the automated underwriting system (AUS), they can secure a VA loan, even with…