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Collection Accounts

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Do I Have To Pay Collections For FHA Loan
Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Conventional Loans | FHA Loans | Videos

Do I Have To Pay Collections For FHA Loan Approval

ByGustan Cho Posted onMarch 18, 2024September 23, 2024

This guide covers the frequently asked question do I have to pay collections for FHA loan approval. We will discuss…

Continue Reading Do I Have To Pay Collections For FHA Loan ApprovalContinue

Shopping For Mortgage With Poor Credit
Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Credit Scores | FHA Loans | Mortgage Rates | Qualifying & Getting Pre-approved | Videos

Shopping For Mortgage With Poor Credit and Low Credit Scores

ByGustan Cho Posted onMarch 18, 2024August 9, 2024

In this blog, we will discuss and cover shopping for mortgage with poor credit and low credit scores. Shopping for…

Continue Reading Shopping For Mortgage With Poor Credit and Low Credit ScoresContinue

Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Qualifying & Getting Pre-approved | Re-Establishing Credit | Regulations | Videos

Statute of Limitations on Collection Accounts and Bad Credit

ByGustan Cho Posted onMarch 16, 2024August 9, 2024

In this blog, we will cover and discuss the statute of limitations on collection accounts and charge-offs. We will go…

Continue Reading Statute of Limitations on Collection Accounts and Bad CreditContinue

VA Loans Bad Credit Tennessee With No Lender Overlays
Videos | Charge Off Accounts | Collection Accounts | Qualifying & Getting Pre-approved | Re-Establishing Credit | VA Loans

VA Loans Bad Credit Tennessee With Low Scores

ByGustan Cho Posted onMarch 16, 2024July 28, 2025

Homebuyers can qualify for VA loans bad credit Tennessee with under 620 credit scores. The United States Department of Veterans…

Continue Reading VA Loans Bad Credit Tennessee With Low ScoresContinue

Fannie Mae Collection Guidelines on Conventional Loans
Collection Accounts | Charge Off Accounts | Conventional Loans | Videos

Fannie Mae Collection Guidelines on Conventional Loans

ByGustan Cho Posted onFebruary 27, 2024June 27, 2025

This blog will cover Fannie Mae Collection Guidelines on Conventional loans. Fannie Mae and Freddie Mac are the two mortgage…

Continue Reading Fannie Mae Collection Guidelines on Conventional LoansContinue

How Credit Disputes Affect Mortgage Process
Collection Accounts | Credit Disputes | Home Mortgages | Mortgage Processing And Underwriting | Videos

How Credit Disputes Affect Mortgage Process

ByApril Ramirez Posted onFebruary 5, 2024February 23, 2024

In this article, we will cover and discuss how credit disputes affect mortgage process and cause loan denial. The pre-approval…

Continue Reading How Credit Disputes Affect Mortgage ProcessContinue

Fannie Mae and HUD Guidelines
Collection Accounts | Conventional Loans | FHA Loans | Videos

Fannie Mae and HUD Guidelines on Conforming vs FHA Loans

ByGustan Cho Posted onJanuary 18, 2024August 6, 2024

This guide covers Fannie Mae and HUD Guidelines on conventional versus FHA loans. Fannie Mae and HUD guidelines on conventional…

Continue Reading Fannie Mae and HUD Guidelines on Conforming vs FHA LoansContinue

Letter of Explanations
Letter Of Explanation | Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Videos

How To Write Letter of Explanations To Mortgage Underwriters

ByGustan Cho Posted onJanuary 9, 2024July 29, 2025

In this blog, we will cover how to write a letter of explanation to mortgage underwriters. Borrowers planning on applying…

Continue Reading How To Write Letter of Explanations To Mortgage UnderwritersContinue

Written Payment Agreements With Creditors
Charge Off Accounts | Collection Accounts | FHA Loans | Videos

Written Payment Agreements With Creditors

ByGustan Cho Posted onDecember 18, 2023December 19, 2023

This guide covers setting up written payment agreements with creditors and collection agencies so you can qualify and get pre-approved…

Continue Reading Written Payment Agreements With CreditorsContinue

Home Loan With Unpaid Collection Accounts
Collection Accounts

Home Loan With Unpaid Collection Accounts Mortgage Options

ByDale Elenteny Posted onJune 25, 2022July 23, 2024

In this blog, we will cover and discuss qualifying for home loan with unpaid collection accounts mortgage options. There are…

Continue Reading Home Loan With Unpaid Collection Accounts Mortgage OptionsContinue

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About Us

Gustan Cho Associates are Mortgage Advisor licensed in 48 states including Washington DC, Puerto Rico, and the U.S Virgin Islands (Not licensed in NY and MA). The team at Gustan Cho Associates has a national reputation of being able to do mortgage loans other mortgage companies cannot do. Gustan Cho Associates dba of NEXA Mortgage has a lending partnerships with over 190 wholesale mortgage lenders with dozens of no overlay lending partners on government and conventional loans and countless non-QM and alternative lending partners. Over 80% of our clients are borrowers who could not qualify at other mortgage companies either due to a last-minute mortgage loan denial due to lender overlays or because the lender did not have the mortgage loan program suited for the borrower. At Gustan Cho Associates, we only market mortgage loan products that exists and are possible.

Recent Articles

  • 21-Day Fast Track TBD Loan Program
    21 Day FAST Track TBD Loan Program On Home LoansOctober 9, 2025
  • All-in-One Mortgage
    The Pros and Cons of All-in-One Mortgage and How it WorksOctober 9, 2025
  • FHA Bankruptcy Waiting Period
    FHA Bankruptcy Waiting Period and Mortgage GuidelinesOctober 3, 2025
  • HUD guidelines on student loans
    HUD Guidelines on Student Loans vs Other Mortgage ProgramsOctober 3, 2025

DTI Calculators

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Resources

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  • How To Increase FICO Scores For a Mortgage
  • How To Reach A Human At The Credit Bureaus
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  • GCA Approves When Others Can’t
  • Mortgage Guides and Home Loan Options
  • How To Un-Freeze a Credit File?
Equal Housing Opportunity Lender Gustan Cho Associates empowered by NEXA Mortgage LLC. NMLS# 1660690,
Corporate Address: 5559 S Sossaman Rd | Bldg 1 #101, Mesa, AZ 85212 Company NMLS 1660690, Gustan Cho NMLS #873293 Company State License #: AZMB - 0944059, Branch: 17W662 Butterfield Road Suite 305 Oakbrook Terrace, Illinois 60181 Branch NMLS 2315275 AXEN is a dba of NEXA Mortgage LLC
DISCLAIMER: The author(s) contributing content to this site, accept no liability or responsibility for errors, omissions or changes in market conditions that may impact the readers' conclusions drawn or assumptions related to the content of this site. The copywritten© information contained on this site is provided on an "as is" basis, at the time of publication, without guarantees of timeliness, thoroughness, accuracy, or usefulness to the consumer. The content on this site does not constitute financial or professional advice of any kind, and readers are encouraged to consult their own professional advisors for professional advice.
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CALL NOW
  • About Us
    • Contact Us
    • Get Pre-Approved
    • Order Credit
    • FICO Simulator
    • MLO License School
    • Why Choose Us
    • Meet Our Team
    • Loan Limits
      • FHA Loan Limits
      • Conforming Loan Limits
    • Preferred Realtor Partner Network
      • Dino Hasapis | Licensed Real Estate Broker | PRPN Director
      • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
  • Types Of Mortgages
    • Purchase
      • Home Purchase Loans
      • Investment Property Loan
    • Refinance
      • Refinance Mortgage Options
      • Chapter 13 Bankruptcy Cash-Out-Buyout
      • FHA Streamline Refinance
      • VA Streamline Refinance
      • Refinancing NON-QM Loans Into Conventional Mortgages
      • Refinance FHA To Conventional Loans
    • FHA Home Loans
      • FHA Manual Underwriting
      • FHA Chapter 13 Bankruptcy Guidelines
      • FHA Loans For Bad Credit
      • FHA Collections
      • FHA Loans Charged Off Accounts
      • W-2 Income Only FHA Loans
      • FHA Loans With Tax Lien
      • FHA Loan With Judgment
    • VA Home Loans
      • VA Manual Underwriting
      • VA Chapter 13 Bankruptcy Guidelines
      • VA Loans For Low Credit Scores
      • VA Loans With Charged-Off Accounts
      • W-2 Income Only VA Loans
      • VA Loan with Judgment
    • USDA Loans
    • DACA Mortgage Loans
    • Conventional Loans
      • Conventional Loans W-2 Income ONLY Mortgages
      • Conventional Loans After Foreclosure
      • Conventional Loans After Bankruptcy
      • Conventional Loan With Bad Credit Scores
    • Condotel Financing
    • NON-QM Loans
      • Bank Statement Loans
      • DSCR Loans
      • Asset-Depletion
      • Foreign Nationals
      • ITIN Mortgage Loans
      • No-Doc Loans
    • Jumbo Mortgage
    • FHA 203K Loans
    • Reverse Mortgages
    • Commercial Loans
  • Careers
    • Can Realtors Be MLOs At The Same Time
    • Career Opportunities
      • Training a New Mortgage Loan Officer Without Any Experience
      • MLO License School
    • Mortgage Branch Careers
    • Remote Mortgage Loan Officer Career Opportunities
    • How Do I Become A Mortgage Loan Officer
    • MLO Revenue Share Residual Income Opportunity
  • Videos
  • Blogs
    • Headline News Archives
  • Testimonials
  • Talk To A Loan Officer
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