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…
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…
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
Manual Underwriting DTI Guidelines For FHA and VA Loans
This guide covers manual underwriting DTI guidelines on FHA and VA loans. HUD and the Veterans Administration are the only…
Qualifying For a Mortgage Downsizing To a Smaller Home
This guide covers qualifying for a home loan downsizing to a smaller home. It makes no sense in having a…
No Waiting Period on Short Sale Mortgage Guidelines
This article cover no waiting period on short sale mortgage guidelines. For those who were homeowners during the economic meltdown…
Bad Credit Mortgage Loans Alabama With 530 FICO
In this article, we will discuss and cover homebuyers qualifying for bad credit mortgage loans Alabama. Qualifying for bad credit…
Can I Have Two FHA Loans Due To Expanding Family Size?
This guide addresses common inquiries regarding the possibility of maintaining two FHA loans due to expanding family size. Typically, individuals…
Types of Homes Eligible With Residential Loans
This ARTICLE cover the types of homes eligible with residential loans. Government loans are for owner occupant one to four-unit…
VA Credit Dispute Guidelines During Mortgage Process
This blog will share some helpful tips about VA credit dispute guidelines. VA loans are often seen as one of…
