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ByJoe Betro
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Real estate agents are the biggest referral source for loan officers. On the flip side, Realtors depend on experienced knowledgeable real estate agents to qualify and approve their clients.
ByTim Lucas
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In this guide, we will cover what down payment assistance is and how it works. We will discuss how down payment assistance works and how homebuyers can get $10,000 or more for home purchases. There are many different types of down payment assistance programs. Each down payment assistance program is different and has its separate…
ByGustan Cho
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This guide will cover getting approved when buying a house in Nevada. The housing market has cooled off throughout the country except for the housing market in Nevada. Out of all territories in Nevada, Las Vegas remains to be the hottest market in the state of Nevada. Alex Carlucci of Gustan Cho Associates is an…
ByGustan Cho
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In this guide, we will cover how errors on credit reports affect AUS Findings. One of the most important things to realize before a mortgage loan application can be processed and underwritten is to get a DU ( Desktop Underwriter ) automated approval by Fannie Mae’s Automated Underwriting System. Fannie Mae’s Automated Underwriting System is…
ByGustan Cho
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Borrowers with prior outstanding collections, charged-off accounts, and other bad credit can qualify for a mortgage without paying them off. The key to qualifying for a mortgage is not prior bad credit but timely payments.
ByMike Gracz
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This article will cover how to become a successful mortgage loan officer at Gustan Cho Associates. Starting a new career as a loan officer and How to become a successful mortgage loan officer. This mortgage blog article on how to become s successful mortgage loan officer is geared toward those individuals thinking about starting a…
ByGustan Cho
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This blog will cover the credit score needed for mortgage on home loans. We will cover the frequently asked question what is the minimum credit score needed for mortgage? Many home buyers, especially first-time home buyers, often question the minimum credit score needed for a mortgage. Credit Scores and Income are the two most important…
ByGustan Cho
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In this blog, we will discuss and cover qualifying and getting approved for a Chicago home loan with bad credit. There is hope for those who were victims of the Great Recession of 2008. Many have gone through bankruptcy, foreclosure, deed instead of foreclosure, short sale, lost their homes, jobs, or just had their credit…
ByGustan Cho
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This article will cover underwriting credit guidelines during the mortgage process. Mortgage borrowers should not stress during the mortgage process. There is no reason for any pre-approvals to get a last-minute mortgage denial. The main reason for a last-minute mortgage loan denial or stress during the mortgage process is the borrower’s inability to qualify by…
ByGustan Cho
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Thanks to alternative lending mortgage options, homebuyers who could not qualify for government and conventional loans can now qualify for specialty non-conforming mortgage loans. The 2008 Real Estate & Lending Collapse 2008 eliminated the subprime mortgage markets. Over 30% of our borrowers at Gustan Cho Associates are folks who need alternative lending mortgage options such…
ByMike Gracz
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In this blog, we will cover and discuss the top-rated five-star Washington DC lenders for traditional and non-QM mortgages who have the best mortgage rates. Washington, DC has one of the highest home prices in the nation. Whether you have great credit, bad credit, or are seeking unique non-QM and alternative financing loans with multiple…
ByDale Elenteny
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Gustan Cho Associates, empowered by NEXA Mortgage, LLC. are mortgage broker licensed in 48 states including Puerto Rico, Virgin Islands, and Washington, DC. We have a lending network of 210 wholesale mortgage lenders. Gustan Cho Associates has lending partnerships with 210 wholesale investors of government, conventional, non-QM, alternative mortgages, and expatriate mortgage loans. Foreigners are…
ByGustan Cho
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This article will cover a niche mortgage loan program called the doctor and medical professional mortgage loans. This niche mortgage loan program has been designed, created, and launched to reward our medical doctors, dentists, oral surgeons, nurses, and pharmacists. optometrists, chiropractors, paramedics, firefighters, and first responders with buy their primary owner-occupant homes for their family,….
ByGustan Cho
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This article will cover the conventional loan guidelines for mortgage borrowers on primary, second, and investment homes. Borrowers needing Conventional loans must meet the minimum 2023 Conventional loan guidelines. Conventional loans are called Conforming loans because they must conform to Fannie Mae and Freddie Mac mortgage guidelines. There is no private mortgage insurance on conventional…
ByGustan Cho
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This guide covers what is the lowest credit score allowed for mortgage approvals. The team at Gustan Cho Associates gets countless daily calls from our viewers about what is the lowest credit score allowed for mortgage approvals. Many borrowers often get confused about why lenders have different credit score requirements on FHA, VA, USDA, and…
ByMike Gracz
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Gustan Cho Associates has over 160 wholesale lending partnerships. Gustan Cho Associates has a national reputation for its no lender overlays on government and conventional loans. We have a reputation for being able to do loans other lenders cannot do. Gustan Cho Associates are mortgage brokers licensed in 48 states including Washington, DC, and Puerto…
ByAlec Finn
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In this article, we will discuss why More Homeowners Fleeing Illinois Than Any Other State in the nation. Illinois is tied neck to neck with California for residents and businesses leaving their state. Illinois is now the sixth most populous state. It used to rank as the fourth most populous state in the country, but…
ByMike Gracz
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This article will discuss three simple marketing ideas for mortgage loan originators. Buying a house can be stressful, particularly for a first-time home buyer. Getting approved for a mortgage loan can be one of the greatest sources of anxiety. Getting started as a brand new licensed loan officer can be challenging. The job is very…
ByGustan Cho
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This article will cover buying a home in Alaska with bad credit. Buying a home in Alaska with bad credit is definitely possible at Gustan Cho Associates, empowered by NEXA Mortgage. Gustan Cho Associates, a dba of NEXA Mortgage LLC, is licensed in 48 states, including Alaska. Gustan Cho Associates has wholesale lending relationships with…
ByGustan Cho
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This article is about NON-QM Mortgage Guidelines on primary homes, second homes, and investment properties. Every non-QM lender has their own non-QM mortgage guidelines. Gustan Cho Associates has dozens of different lwholesale ending relationships with wholesale non-QM mortgage lenders and financial institutions: For the latest information, it’s advisable to consult with mortgage professionals or refer…
ByGustan Cho
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In this blog, we will cover how unreimbursed business expenses affect qualified income for a mortgage. Unreimbursed business expenses only affect borrowers who must turn in their federal income tax returns. Turning in federal income tax returns is necessary for unreimbursed business expenses to matter. The days of no-doc mortgages and state-income mortgage loans have been…
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