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ByAlex Carlucci
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In this article, we will cover and discuss what to do with proceeds from sale of a house. A frequently asked question is what to do with proceeds from sale of a house if you are going to take a break from homeownership. Home prices have been skyrocketing for almost a decade. Homeowners who are…
ByAlex Carlucci
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In this blog, we will discuss and cover the bankruptcy mortgage guidelines on government and conventional loans. All mortgage loan programs have a mandatory waiting period after bankruptcy and foreclosure. Borrowers need to adhere to Bankruptcy Mortgage Guidelines to qualify for a residential mortgage loan. In the following sections, we will through the bankruptcy mortgage…
ByAlex Carlucci
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In this article, we will discuss and cover how FHA credit score determines mortgage rate pricing on FHA loans. FHA loans are the most popular loan program in the United States. FHA Credit Score Guidelines are very lenient to qualify for FHA Mortgages. Borrowers with credit scores down to 500 FICO can qualify. Per the…
ByGustan Cho
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In this blog, we will discuss and cover what is an 60-10-10 piggyback mortgage. Many Home Buyers Ask What Is An 80-10-10 Or Piggyback Mortgage And How This Powerful Tool Can Help Them Qualify To Make Their Home Purchase Happen. What is an 80-10-10 or Piggyback Mortgage? An 80-10-10 or Piggyback Mortgage is a combination…
ByGustan Cho
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In this article, we will cover and discuss avoiding delays in getting conditional mortgage approval. There are ways of avoiding delays in getting a conditional mortgage approval and closing on time: Conditional mortgage approval is a loan commitment by the mortgage lender. A conditional mortgage approval means that the lender is ready to issue a…
ByMike Gracz
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Many Americans are familiar with the terms Fannie Mae and Freddie Mac, but may not know exactly what they represent. Many believe Fannie Mae and Freddie Mac are branches of the federal government. The role of Fannie Mae and Freddie Mac is to guarantee conventional mortgage loans. After the real estate crash of 2008, the…
ByMike Gracz
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In this blog, we will discuss and cover the VA funding fee mortgage guidelines for VA home loans. VA loans are the best loan program for owner-occupant primary home financing in the United States. One of the greatest benefits for homebuyers who have served in the U.S. Armed Services is the benefit of being eligible…
ByGustan Cho
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In this blog, we will discuss and cover the benefits of buying home on acreage versus home on lot for homebuyers. There are many benefits of buying home on acreage versus home on lot. There are many things for a home buyer to consider when buying a home. Buying a home is not like buying…
ByMike Gracz
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In this blog, we will discuss the best Oregon mortgage lenders with hundreds of loan options for owner-occupant homes, second homes, and investment properties. As many of our readers know, the team at Gustan Cho Associates, Empowered by NEXA Mortgage, LLC, NMLS 1660690 is headquartered in Chandler, Arizona, and is headed by CEO Michael Kortas…
ByAlex Carlucci
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In this article, we will discuss and cover investment home loans with no income documentation. There are several different types of Investment Home Mortgage Loans. Government Loans cannot be used for investment homes and are for owner-occupant properties only. Here are the three government loans: FHA Loans VA Loans USDA Loans In this article, we…
ByDale Elenteny
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In this blog, we will cover and discuss qualifying for home loan with unpaid collection accounts mortgage options. There are various home loan with unpaid collection accounts mortgage options. FHA, VA, USDA, Non-QM, and conventional loans all do not require outstanding collections to be paid. Many people get surprised when they hear that you can…
ByGustan Cho
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In this blog, we will cover and discuss qualifying for FHA jumbo loans while in the Chapter 13 Bankruptcy repayment plan. FHA jumbo loans are also called FHA high-balance loans. HUD, the parent of HUD, is the federal agency that sets the maximum FHA loan limits in standard and high-cost areas throughout the United States….
ByGustan Cho
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In this blog, we will discuss and cover what is the best mortgage loan for buying a house. Many home buyers often do not know where to start when applying for a mortgage for a home purchase. Homebuyers will tend to rely on their realtor, family members, attorneys, or business associates for advice. However, most…
ByGustan Cho
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In this blog, we will cover and discuss on ways on how can you get a mortgage after retirement. Seniors can qualify for a mortgage after retirement using retirement income and/or other sources of income. Tens of thousands of seniors purchase homes for one or many reasons after retirement. Some need to downsize their homes,…
ByDale Elenteny
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Homebuyers have many mortgage options when looking for home loans in Virginia for bad credit and low credit scores. The best home loans in Virginia for bad credit and credit scores down to 550 FICO scores are FHA and VA loans. Unfortunately, not all people are eligible for VA loans. FHA loans are the most…
ByAlex Carlucci
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Many homebuyers are often confused when they are applying for a mortgage about why they are getting two rates, APR versus interest rates, from mortgage lenders. One of the many frequently asked questions at Gustan Cho Associates is why is APR higher than the quoted mortgage interest rate. The APR is always higher than the…
ByAlex Carlucci
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In this blog, we will cover and discuss Illinois home purchase mortgage options for homebuyers. Going through the home purchase process can be overwhelming. There are many moving parts to the Illinois home purchase process. No two Illinois home purchase buyers are alike. Some may be first-time homebuyers, others may be self-employed borrowers, others may…
ByAlex Carlucci
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In this article, we will cover and discuss qualifying for a mortgage after bankruptcy in Minnesota with traditional and non-prime home loans. Homebuyers can qualify for a mortgage after bankruptcy in Minnesota with traditional and non-prime loan programs. There are mandatory waiting period requirements to qualify for a mortgage after bankruptcy in Minnesota on government-backed…
ByDustin Dumestre
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Gustan Cho Associates is a mortgage broker licensed in 48 states (Not licensed in NY, MA) with a wholesale lending network of 170 wholesale financial institutions. Utah is one of the fastest-growing states in the nation, with more and more families calling Utah home. Our team is currently focused on expanding our coverage area throughout…
ByAlex Carlucci
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In this blog, we will cover and discuss the VA loan eligibility requirements in Vermont for 2022. We will cover the basic VA loan eligibility requirements in Vermont on credit, derogatory tradelines, bankruptcy, and other frequently asked questions by our viewers and borrowers. One of the biggest concerns among homebuyers in Vermont is the options…
ByDale Elenteny
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In this article, we will cover and discuss shopping for mortgage lenders for a home with bad credit in Iowa with competitive mortgage rates and no discount points. Homebuyers can qualify for a home loan with bad credit in Iowa. You do not have to settle for high rates and 4% discount points to qualify…
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