Social Security Income for Mortgage Qualification: Guidelines and Gross-Up Rules
Yes. You can use Social Security income for mortgage without employment income, provided your benefits and financial profile meet the…
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Property Tax Proration VA Guidelines: Credits, Cash Back, and Cash to Close
Property tax proration VA guidelines help determine how unpaid or prepaid property taxes are divided between the buyer and seller…
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Job Relocation Mortgage Guidelines for Out-of-State Homebuyers
Job relocation mortgage guidelines can allow you to buy a home when transferring with your current employer or moving for…
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Fannie Mae Second Home Guidelines: Occupancy, Down Payment, and Reserves.
Fannie Mae second home guidelines require the borrower to occupy the property for part of the year and keep exclusive…
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Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Qualifying & Getting Pre-approved | Re-Establishing Credit | Regulations | Videos
Statute of Limitations on Collection Accounts
In this guide, we will cover and discuss the statute of limitations on collection accounts and charge-offs. We will go…
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Colorado DPA Mortgage Programs For First-Time Homebuyers
The Gustan Cho Associates are experts in down payment assistance (DPA) programs. We are proud to offer Colorado Housing and Finance Authority ( CHFA) down payment assistance programs. In this blog we will detail the advantages and disadvantages of using down payment assistance as well as how to apply for a mortgage with a Gustan Cho Associates when receiving Colorado down payment assistance.
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Videos | Conditional Loan Approval | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved
Denied by a Bank for Your Mortgage? How to Get Approved With Another Lender
This guide covers getting a home loan approved after a bank denies your mortgage application. There should be no reason…
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HUD 4000.1 FHA Handbook for FHA Loans
This guide is a shortcut guide to the HUD 4000.1 FHA Handbook, Revised for FHA Loans. The HUD 4000.1 FHA…
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Freddie Mac Foreclosure Guidelines: Qualifying for a New Mortgage
Freddie Mac foreclosure guidelines depend on how your new loan is underwritten. For manual underwriting, the standard foreclosure recovery period…
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Fannie Mae Guidelines On Mortgage After Foreclosure
Buying another home after foreclosure starts with knowing which waiting period applies to your situation. Before choosing a property or…
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Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Conventional Loans | FHA Loans | Videos
Do I Have to Pay Collections for FHA Loan Approval
Do I Have to Pay Collection Accounts for FHA Loan Approval? A frequently asked question by people who have had…
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Can You Get Cash Back at Closing on a VA Loan?
On a VA purchase loan, you generally cannot receive extra cash from the loan proceeds. You may, however, receive a…
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Common VA Overlays: VA Guidelines vs Lender Requirements
Common VA Overlays: VA Guidelines vs. Lender Requirements Common VA overlays are rules that lenders add on top of the…
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VA Loans | Compensating Factors | High Debt To Income Ratio | Manual Underwriting | Qualifying & Getting Pre-approved | Videos
VA Loans With No Credit Scores: 2026 Guidelines
This guide covers VA loans with no credit scores in detail and examines the DTI (Debt-to-Income) requirements. VA loans stand…
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Overdrafts in Bank Statements: Can You Still Get a Mortgage?
Overdrafts in bank statements can raise questions during mortgage underwriting, but one overdraft does not automatically mean your loan will…
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Mortgage Guidelines After High School: Can You Buy With a New Job?
Mortgage guidelines after high school vary by loan program. You may qualify soon after graduation without two years on the…
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Appraisal Transfer Policy: Can You Transfer an Appraisal to a New Lender?
The appraisal transfer policy is a set of rules that let you move your home appraisal from one lender to…
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Property Tax Prorations at Closing: How Credits Affect Cash to Close
Property tax prorations split property taxes between the buyer and seller based on their ownership duration during the tax period….
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High Debt To Income Ratio | FHA Loans | Manual Underwriting | Mortgage Lender Overlays | Mortgage Processing And Underwriting | Videos
Excluding Debts from DTI Calculations
One of the challenges people who want to buy a house have is having a high debt-to-income ratio. If you…
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Paying Down Credit Cards During Mortgage Process Due to High DTI
Paying Down Credit Cards During Mortgage Process to Lower DTI Paying off credit card debt during the mortgage process can…
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Mortgage Approval for a Home Purchase on Acreage
Mortgage approval for home purchase on acreage is possible with FHA, VA, USDA, conventional, and Non-QM loan programs. There is…
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VA Credit Dispute Guidelines for Disputed Accounts
A VA credit dispute does not automatically disqualify a borrower from getting a VA loan. VA does not have a…
