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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…
ByAlex Carlucci
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In this blog, we will cover and discuss the best bad credit mortgage lenders in Alaska for FHA loans. The housing market in Alaska is booming. Homes are selling the day they are listed. During these volatile economic times with mortgage rates surging, many homebuyers with lower credit scores are shopping for the best bad…
ByDale Elenteny
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In this blog, we will discuss and cover FHA reverse mortgages for senior homeowners. Homeowners who are 62 years old or older can qualify for FHA Reverse Mortgages. Reverse Mortgages are ideal for retired homeowners with limited fixed income such as pension or social security income. Seniors with not enough income to qualify for a traditional…
ByMike Gracz
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The latest data of the top 10 most expensive states to buy a house in 2022 has been released and the results were not surprising. Hawaii, Wyoming, Massachusetts, Alaska, and California have ranked in the top five for the past seven years. Part of the reason why certain states have higher home prices than other…
ByMike Gracz
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In this blog, we will discuss and cover the comparison between Jumbo versus High-Balance Mortgages. What is the difference between Jumbo Versus High-Balance Mortgages In High-Cost Areas? Gustan Cho Associates is a lender licensed in 48 states with over 170 wholesale mortgage lenders on specialty mortgage programs. The team at Gustan Cho Associates are experts…
ByMike Gracz
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Active and/or retired members of the United States Armed Services and eligible surviving spouses of eligible veterans in Kentucky can qualify for VA loans Kentucky with no money down, credit scores down to 500 FICO, less than perfect credit, and prior credit issues. VA loans are hands down the best home loan program in the…
ByGustan Cho
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In this blog, we will cover and discuss the down payment guidelines on home purchase mortgage loans. The down payment guidelines and requirements depend on the particular loan program. Government loans have lower down payment requirements due to the lower level of risk lenders take due to the government guarantee. Down Payment Guidelines on Home…
ByGustan Cho
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In this blog, we will cover and discuss the steps in buying and selling a home and closing on time. Many renters who have been on the sidelines are beginning to pull the trigger on buying their first home. With home values appreciating to record levels and mortgage rates at a 3-year low, many first-time…
ByDale Elenteny
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In this blog, we will cover and discuss qualifying for FHA jumbo loans with FHA High-Balance Lenders in New Jersey with no lender overlays and competitive rates. The minimum credit score guidelines to qualify for a 3.5% down payment home purchase FHA high-balance loan in New Jersey is set at 580. Many lenders in New…
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