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ByAlex Carlucci
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If you’re married and you buy a home in a community property state, you’ll face different rules for qualifying. Most of these rules come into play if you finance your home with a government-backed home loan like the FHA, VA or USDA programs.
ByGustan Cho
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This guide covers modular homes mortgage guidelines on purchase and refinance transactions. Modular homes are becoming more and more popular during the housing boom. If you are reading this article, you are more than likely finding it hard to find mortgage financing to buy a modular home. Fewer lenders are willing to enter the modular…
ByGustan Cho
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This guide aims to understand Income-Based Repayment Student Loan Mortgage Guidelines clearly. The daunting task of outstanding student loans presents a substantial challenge for numerous Americans, especially those navigating the intricate process of qualifying for a home mortgage. In homebuying, where financial considerations are pivotal, adopting income-based repayment measures becomes increasingly significant. Notably, governing bodies…
ByGustan Cho
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This article covers reasons why hiring realtor on home purchase is important. Getting hooked up with the right real estate agent is one of the most important factors in the home buying process. Most homebuyers need a real estate agent who not only is knowledgeable but is also familiar with the area and its pros…
ByGustan Cho
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This guide covers things that can delay your mortgage loan closing. A mortgage loan should be able to close in 30 days of less. Whether it is a new home purchase mortgage loan or a refinance mortgage loan, a complete mortgage application package consists of a lot of materials. We have discussed the mortgage application…
ByMike Gracz
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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…
ByGustan Cho
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In this blog, we will cover the Fannie Mae Chapter 13 dismissal guidelines on conventional loans. One of the most frequently asked questions at Gustan Cho Associates is what is the eligibility requirements to qualify for a conventional loan after Chapter 13 Bankruptcy dismissal. Homebuyers can qualify for FHA and VA loans with no waiting…
ByAlex Carlucci
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This guide on how does the federal reserve affect mortgage rates was updated on June 16, 2023. Dustin Dumetre of Gustan Cho Associates updates this week’s mortgage news on his Friday weekly mortgage minutes. The team at Gustan Cho Associates had another busy stellar week with record mortgage loan applications and loans submitted. Homebuyers still…
ByGustan Cho
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This guide covers FHA MIP versus conventional PMI for mortgage borrowers. Mortgage Insurance is mandatory on all FHA loans and Conventional loans with less than 20% equity. There are pros and cons of FHA MIP versus Conventional PMI. In this article, we will discuss the pros and cons on FHA MIP versus conventional PMI for…
ByDale Elenteny
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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…
ByGustan Cho
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This guide covers HUD guidelines versus lender overlays on FHA loans. There have been notable changes for HUD guidelines versus lender overlays on FHA loans, which may affect homebuyers. HUD guidelines on student loans excluded student loans on deferment from debt-to-income ratio calculations. This article will discuss HUD guidelines versus overlays on FHA loans. One…
ByGustan Cho
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Your mortgage lender checks your credit when you apply for a home loan. Your credit score determines your mortgage rate and also if you qualify for a loan.
ByGustan Cho
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This guide covers preparing for a VA loan with a lender with no overlays. Preparing for a VA loan with a lender with no overlays during the coronavirus pandemic: The Veterans Administration is the government agency governing VA loans. VA home mortgages are the best mortgage program in the nation. However, not everyone can qualify…
ByAlex Carlucci
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This guide covers understanding the basics on what is a mortgage. We will cover and discuss the meaning of what is a mortgage. Unless you are thinking about buying a new home or are a homeowner thinking about refinancing, most Americans really do not care to know the basic understanding of mortgages. Many folks think…
ByGustan Cho
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Self-employed borrowers are now eligible to get an approve/eligible per automated underwriting system with one-year income tax returns.
ByDale Elenteny
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You must first be eligible. Only servicemembers, honorably-discharged veterans and sometimes their families are eligible. VA underwriting guidelines are flexible, with no minimum credit score an no minimum down payment.
ByGustan Cho
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This guide outlines the advantages of Non-QM loans and Non-Traditional Mortgages. Gustan Cho Associates serves as your reliable ally for Non-QM and Non-Traditional Mortgages. Non-QM and Non-Traditional Mortgages, also known as alternative financing mortgages, are distinct home loan options. These alternative financing loans diverge from the standard lending criteria of traditional government or conventional loans….
ByRonda Butts
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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.
ByGustan Cho
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Gustan Cho Associates has mortgage with no income documentation, no tax returns, and low credit scores. Many folks who have established themselves with good credit and stable income and have decided that they are ready to become homeowners seek to get qualified for a home loan. One of the most important factors lenders look in…
ByDale Elenteny
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In this blog, we will discuss and cover FHA vs conventional cash-out refinance mortgage loans and general rate and term refinance mortgage guidelines. HUD, the parent of FHA, has changed the FHA cash-out refinance guidelines for homeowners from 85% loan to value to 80% LTV. HUD requires FHA mortgage insurance premium on all 30-year fixed-rate…
ByGustan Cho
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Borrowers should not stress during the mortgage process. . There is no reason why there should be stress during the mortgage process.
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