California FHA High-Balance Loans

California FHA High-Balance Loans In High-Cost Counties

In this article, we will cover and discuss California FHA high-balance loans in high-cost counties. It is no secret to residents of California that the cost of living is high. California FHA High-Balance Loans makes California home buyers purchase California homes in all parts of the state with a 3.5% down payment. California Housing Prices…

FHA Loans With Under 620 FICO in Utah
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FHA Loans With Under 620 FICO in Utah with Collections

In this article, we will cover and discuss qualifying for FHA loans with under 620 FICO in Utah with outstanding collection and charged-off accounts. There is a huge market for borrowers who need to get approved for FHA loans with under 620 FICO in Utah. One thing borrowers do not realize is that not all…

Working With Real Estate Agents

Working With Real Estate Agents Who Are Licensed MLO

In this blog, we will cover and discuss working with real estate agents who are also NMLS licensed mortgage loan originators. Real Estate Agents are licensed professionals. Realtors work with home buyers and sellers. Agents are knowledgeable not just in helping buyers with buying and selling homes. They are extremely knowledgeable in lending, insurance, appraisals,…

FHA Loans Versus Non-QM Loans for Bad Credit Borrowers
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FHA Loans Versus Non-QM Loans for Bad Credit Borrowers

We will be comparing FHA loans versus non-QM loans for homebuyers with credit/income issues and have you fully understand the comparison of the two. The two most popular programs for homebuyers with bad credit with low credit scores are FHA and Non-QM loans. There are dozens of new and updated non-QM mortgage loan programs that…

New Jersey Housing Market

New Jersey Housing Market Stronger Than Expected For 2022

In this blog, we will cover and discuss the New Jersey Housing Market. New Jersey has the highest property tax rate in the nation but that is not slowing down home sales and home prices. New Jersey Housing Market is expected to be stronger than expected in 2022. New Jersey Housing Market has been growing…

Mortgage One Day Out Of Foreclosure Lending Guidelines
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Mortgage One Day Out of Foreclosure Lending Guidelines

In this article, we will cover and discuss qualifying for a mortgage one day out of foreclosure lending guidelines. Housing prices kept on going up like never in history in the 2000s. Real estate was the investment of choice for most Americans. A large percentage of American workers had other properties as their choice of…

Conventional Loans Versus Government-Backed Mortgages

Conventional Loans Versus Government-Backed Mortgages

In this blog, we will cover and discuss conventional loans versus government-backed mortgages and the differences. Conventional loans are the most popular loan program in the United States. Owner-occupant primary homes, second homes, and investment properties are eligible for conventional loan financing. Owner-occupant primary one to four-unit homes is eligible for government-backed loans. You cannot…

Rising Mortgage Rates In Hot Housing Market

Rising Mortgage Rates In Hot Housing Market For Homebuyers

In this article, we will discuss and cover the rising mortgage rates in hot housing market for homebuyers with skyrocketing home prices. Since Joe Biden took office, inflation has gone through the roof. Home prices are out of control. The ten-year treasuries are nearing 3.00% which is unheard of. The Dow Jones Industrial Average is…

USDA Loans After Chapter 7 Bankruptcy

USDA Loans After Chapter 7 Bankruptcy Mortgage Guidelines

In this blog, we will cover and discuss USDA loans after Chapter 7 Bankruptcy Mortgage Guidelines for first-time homebuyers. USDA lending guidelines for first-time homebuyers allow buyers to purchase a home with no money down and 100% financing. Per USDA Lending Guidelines, not all areas are eligible for USDA loans. The U.S. Department of Rural…

FHA Streamline Refinance Connecticut

FHA Streamline Refinance Connecticut With No Appraisal

In this blog, we will discuss and cover FHA streamline refinance Connecticut with no appraisal and no income docs required. FHA Streamline Refinance Connecticut is when a homeowner with a current FHA home loan refinances with a new FHA loan. HUD, the parent of FHA, does not require homeowners with an FHA loan to get…

Helping Your Realtor And Lender Help You

Helping Your Realtor and Lender Help You with a Home Purchase

In this article, we will cover and discuss helping your realtor and lender help you with a home purchase. I know sometimes it can be hard finding the right Realtor. I also know that once you have made that decision, there are some tips that can make your Home Buying Partnership more successful. Helping your…

Online Mortgage Application

Online Mortgage Application Leading To Clear To Close

In this blog, we will cover and discuss online mortgage application leading to clear to close. The mortgage application process has changed over the years. There was a time when borrowers met mortgage loan officers face to face. Borrowers either met their loan officers at the mortgage company or the mortgage loan originator visited their…

FHA Streamline Refinance Utah

FHA Streamline Refinance Utah Mortgage Guidelines

In this article, we will cover and discuss FHA streamline refinance Utah mortgage guidelines. Gustan Cho Associates, Empowered by NEXA Mortgage, LLC, is a mortgage broker licensed in 48 states. We have wholesale lending relationships with over 160 wholesale mortgage lenders. Most of our wholesale lenders on government and conventional loans have no mortgage overlays…

Refinance Mortgage Rates Pricing Adjustments and Volatility

Refinance Mortgage Rates Pricing Adjustments and Volatility

In this article, we will discuss and cover refinance mortgage rates pricing adjustments, and volatility. Refinance Mortgage Rates hit a three-year high this week. Rates hit a historic low of 2.25% on a 30-year fixed-rate mortgage earlier this year. Mortgage rates skyrocketed to a three-year high of 5.25% this week. Since the beginning of the…

How Do Mortgage Underwriters View Assets

How Do Mortgage Underwriters View Assets For Down Payment

In this article, we will cover and discuss how do mortgage underwriters view assets for down payment on home purchases. Borrowers must have sufficient cash to cover the required minimum down payment on their home purchase. However, How Do Mortgage Underwriters View Assets? All assets used for the down payment and closing costs need to…

Government Mortgages
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Government Mortgages For Owner-Occupant Homebuyers

In this blog, we will cover and discuss government mortgages for owner-occupant homebuyers. We will go in-depth about what government mortgages are and the lending requirements. Government-backed loans are owner-occupant primary home mortgages originated by private lenders like banks, mortgage brokers, and mortgage bankers but backed by a federal government agency. Why Are Government-Backed Loans…

What Are Conventional Loans

What Are Conventional Loans and Conforming Mortgages

In this blog, we will cover and discuss what are conventional loans or conforming mortgages and their benefits. Many home buyers often are not familiar with the various different mortgage options they have to choose from. However, which mortgage option is the best for them? One of the most common frequently asked questions we get…

Homes For Heroes Mortgage For Firefighters

Homes For Heroes Mortgage For Firefighters and Policemen

In this article, we will cover and discuss homes for heroes mortgage for firefighters and police officers. Gustan Cho Associates are excited to roll out our participation in the Homes For Heroes Real Estate Network. This Network is consisting of Realtors, loan officers, title companies, and inspectors to create discounts for the heroes that make…

Wisconsin VA Mortgage Lenders

Wisconsin VA Mortgage Lenders With Competitive Rates

In this blog, we will cover and discuss qualifying for VA loans by Wisconsin VA mortgage lenders with no lender overlays. Gustan Cho Associates, empowered by NEXA Mortgage, LLC NMLS 1660690 has a large presence in Wisconsin. Gustan Cho Associates empowered by NEXA Mortgage, LLC is licensed in 48 states, including Wisconsin, and is based…