Changing Lenders During Underwriting Process
This guide covers changing lenders during underwriting process before closing. The mortgage approval process does not have to be stressful…
Bad Credit Mortgages | Income And Employment | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos
How To Buy a House With Bad Credit
This guide covers how to buy a house with bad credit. Many folks assume you cannot get a mortgage loan…
How Holidays Affect The Mortgage Process and Closings
This guide covers how holidays affect the mortgage process and can delay home closings. As the holidays come around our…
Texas Cash-Out Refinance Guidelines For 2024
This blog post will explore and elaborate on the Texas Cash-Out Refinance Guidelines in home mortgages. Gustan Cho Associates, a…
Buying House While In Chapter 13 Bankruptcy
This blog post will explore Buying House While In Chapter 13 Bankruptcy. Chapter 13 Bankruptcy involves a structured five-year repayment…
FHA Loans With 500 FICO Credit Score
HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required.
Can I Have Two FHA Loans at The Same Time
This guide explains the requirements for obtaining two FHA loans at the same time. This is important information for those…
Manual Underwriting With Late Payments Mortgage Guidelines
Can You Qualify For Manual Underwriting With Late Payments? VA and FHA allow manual underwriting for borrowers who cannot get an approve/eligible per automated underwriting system.
How Credit Repair Works During The Mortgage Process
This guide covers how credit repair works during the mortgage process. A substantial percentage of my borrowers are folks who…
Loan Officer Document Checklist To Start Mortgage Process
This guide covers the loan officer document checklist. This article on the Loan Officer Document Checklist is a series of…
Can I Qualify For VA Loan With Under 620 Credit Scores
Gustan Cho Associates has no lender overlays on VA loans. VA loans do not have a minimum credit score requirement nor a maximum debt to income ratio cap as long as the borrower can get an approve/eligible per automated underwriting system.
Income And Employment | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos
Employer Distance Requirements on Primary Home Mortgages
In this blog, we will cover employer distance requirements on primary home mortgages. Employer Distance Requirements On Primary Home Mortgages…
How Underwriters Qualify Income To Approve Mortgage Loans
This guide covers how underwriters qualify income to approve mortgage loans. Many mortgage loan applicants do not have the role…
Conventional Loan With Non-Occupant Co-Borrower
This blog will cover Fannie Mae and Freddie Mac guidelines on qualifying for a conventional loan with non-occupant co-borrower. Non-Occupant…
VA Property Tax Exemption Guidelines on VA Home Loans
This article will discuss the guidelines for VA property tax exemption related to VA home loans. The VA has created…
Using Rapid Rescore in The Mortgage Process
This guide covers using rapid rescore in the mortgage process. What is a rapid rescore? It’s a service accessible only…
Using Property Tax Prorations For Down Payment on a House
This blog post will explore the revised mortgage guidelines on Using Property Tax Prorations For Down Payment on a House….
Fannie Mae Collection Guidelines on Conventional Loans
This blog will cover Fannie Mae Collection Guidelines on Conventional loans. Fannie Mae and Freddie Mac are the two mortgage…
Mortgage Approval For Home Purchase on Acreage in 2024
In this blog, we will cover and discuss qualifying and getting a mortgage approval for home purchase on acreage in…
Canceling a Real Estate Purchase Contract Transaction
This guide covers canceling a real estate purchase contract transaction. A real estate purchase contract is a legally binding agreement…
Mortgage Qualifying With Part-Time Income and Other Income
In this blog post, we’ll delve into Mortgage Qualifying With Part-Time Income and Other Income and explore lending guidelines regarding…
Extenuating Circumstances Guidelines on Home Loans
Many agency guidelines list extenuating circumstances as reasons for getting qualified for a mortgage when otherwise they would not qualify. However, borrowers need to understand
