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Freddie Mac Asset Depletion Mortgage Lending Guidelines
Conventional Loans | NON-QM Loans | Videos

Freddie Mac Asset Depletion Mortgage Lending Guidelines

ByGustan Cho Posted onNovember 28, 2023December 1, 2023

Can you get a Freddie Mac mortgage if you have lots of investments or savings but little or no income? In many cases, you can convert assets into income (for mortgage qualifying purposes) by using asset depletion.

Continue Reading Freddie Mac Asset Depletion Mortgage Lending GuidelinesContinue

Fannie Mae HomeReady Mortgage Guidelines
Conventional Loans | HomeReady | Videos

Fannie Mae HomeReady Mortgage Guidelines

ByAlex Carlucci Posted onNovember 26, 2023November 30, 2023

This guide covers Fannie Mae HomeReady mortgage guidelines on conventional loans. There are two home loan programs: government loans, which…

Continue Reading Fannie Mae HomeReady Mortgage GuidelinesContinue

Debt-To-Income Ratio For Conventional Loan Guidelines
Conventional Loans | High Debt To Income Ratio | Videos

Debt-To-Income Ratio For Conventional Loan Guidelines

ByGustan Cho Posted onNovember 25, 2023November 30, 2023

This guide covers the debt-to-income ratio for conventional loan guidelines. A conventional loan is any mortgage loan not insured or…

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Freddie Mac Part-Time Income Mortgage Guidelines
Income And Employment | Conventional Loans | Gaps In Employment | Videos

Freddie Mac Part-Time Income Mortgage Guidelines

ByMike Gracz Posted onNovember 9, 2023November 11, 2023

This guide covers Freddie Mac part-time income mortgage guidelines. 2023 has already come with some big changes for the mortgage…

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Freddie Mac CHOICERenovation Mortgage Guidelines
Conventional Loans | Home Improvement/Renovations | HomeReady | One-Time Close Construction Loans | Videos

Freddie Mac CHOICERenovation Mortgage Guidelines

ByMike Gracz Posted onNovember 4, 2023November 4, 2023

Freddie Mac’s CHOICERenovation mortgage might be the best home improvement loan for larger renovation projects.  You can use a Freddie Mac CHOICERenovation home to purchase or refinance a home.

Continue Reading Freddie Mac CHOICERenovation Mortgage GuidelinesContinue

HomeReady Versus Home Possible Mortgage Guidelines
Conventional Loans | Down Payment Assistance | Home Possible | HomeReady | Videos

HomeReady Versus Home Possible Mortgage Guidelines

ByAlex Carlucci Posted onOctober 30, 2023October 30, 2023

This article covers HomeReady versus Home Possible mortgage guidelines. Many homebuyers contact us at Gustan Cho Associates and want to…

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Preparing To Qualify For Conventional Loans
Home Mortgage | Conventional Loans | Student Loans | Videos

Preparing To Qualify For Conventional Loans

ByGustan Cho Posted onOctober 27, 2023October 27, 2023

This guide covers preparing to qualify for conventional loans versus other mortgage loan programs. Preparing to qualify for conventional loans…

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Conforming Loans With Bad Credit and Low Credit Scores
Conventional Loans | Home Mortgage | Videos

Conforming Loans With Bad Credit and Low Credit Scores

ByGustan Cho Posted onOctober 14, 2023November 30, 2023

This guide covers qualifying and getting approved for conforming loans with bad credit and low credit scores. Can you qualify…

Continue Reading Conforming Loans With Bad Credit and Low Credit ScoresContinue

Buying Home With No PMI With 80-10-10 Mortgage Loans
Conventional Loans | Down Payment Assistance | First Time Home Buyers | Mortgage Insurance | Videos

Buying Home With No PMI With 80-10-10 Mortgage Loans

ByJohn Parker Posted onJuly 23, 2023September 21, 2023

This guide covers buying home with no private mortgage insurance with 80-10-10 mortgage loans. Any conventional mortgage loan with less…

Continue Reading Buying Home With No PMI With 80-10-10 Mortgage LoansContinue

Waiting Period After Mortgage Part of Bankruptcy Guidelines
Conventional Loans | Mortgage After Bankruptcy and Foreclosure | Videos

Waiting Period After Mortgage Part of Bankruptcy Guidelines

ByAlex Carlucci Posted onJuly 22, 2023July 22, 2023

This guide covers the Fannie Mae guidelines on conventional loans with a waiting period after mortgage part of bankruptcy. Many…

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Community Property States Mortgage Guidelines
Regulations | Conventional Loans | FHA Loans | VA Loans | Videos

Community Property States Mortgage Guidelines

ByJohn Parker Posted onJuly 21, 2023November 28, 2023

This guide covers community property states mortgage guidelines. Community Property States Mortgage Guidelines: Community property is derived from older Spanish…

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Conforming Loan Requirements and Guidelines
Conventional Loans | Videos

Conforming Loan Requirements and Guidelines

ByGustan Cho Posted onJuly 20, 2023July 20, 2023

This guide covers conforming loan requirements and guidelines on primary, second, and investment homes. Conforming loan requirements for 2023, for…

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Conventional Versus FHA Guidelines on DTI and Student Loans
Student Loans | Conventional Loans | FHA Loans | Videos

Conventional Versus FHA Guidelines on DTI and Student Loans

ByGustan Cho Posted onJuly 20, 2023October 13, 2023

This guide compares Conventional versus FHA guidelines on DTI and student loans. Student loan debt can be a major obstacle…

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Comparison of 97 LTV Conventional Versus FHA Loans
Conventional Loans | FHA Loans | Videos

Comparison of 97 LTV Conventional Versus FHA Loans

ByGustan Cho Posted onJuly 17, 2023July 17, 2023

This guide covers the pros and cons of 97 LTV conventional versus FHA loans.  Down payment is the biggest negative…

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Freddie Mac Mortgage Guidelines on Conventional Loans
Conventional Loans | Student Loans | Videos

Freddie Mac Mortgage Guidelines on Conventional Loans

ByGustan Cho Posted onJuly 9, 2023July 9, 2023

This guide covers Freddie Mac mortgage guidelines on conventional loans. We will also go over the recent Freddie Mac updates…

Continue Reading Freddie Mac Mortgage Guidelines on Conventional LoansContinue

Updated Fannie Mae Guidelines on Conforming Loans
Conventional Loans

Updated Fannie Mae Guidelines on Conforming Loans

ByGustan Cho Posted onJuly 8, 2023July 9, 2023

This guide covers updated Fannie Mae guidelines on conforming loans for 2023. Fannie Mae has made some recent changes to…

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Fannie Mae HomeStyle Mortgage Guidelines
Conventional Loans | Home Improvement/Renovations | Home Mortgage | Videos

Fannie Mae HomeStyle Mortgage Guidelines

ByGustan Cho Posted onJuly 8, 2023July 8, 2023

This guide covers  Fannie Mae HomeStyle Mortgage Guidelines on conventional loans. Have you thought about adding a pool to your…

Continue Reading Fannie Mae HomeStyle Mortgage GuidelinesContinue

Freddie Mac Home Possible Mortgage Guidelines
Conventional Loans | Muti-Family Investment | Videos

Freddie Mac Home Possible Mortgage Guidelines

ByGustan Cho Posted onJuly 6, 2023July 6, 2023

This article is on Freddie Mac Home Possible Mortgage Guidelines. Freddie Mac Home Possible Mortgage UPDATED on July 6th, 2023,…

Continue Reading Freddie Mac Home Possible Mortgage GuidelinesContinue

Fannie Mae Mortgage Guidelines on Conforming Loans
Conventional Loans | Mortgage Refinance | Videos

Fannie Mae Mortgage Guidelines on Conforming Loans

ByGustan Cho Posted onJuly 6, 2023July 25, 2023

This guide covers Fannie Mae Mortgage Guidelines on Conforming Loans. We will discuss Updated Fannie Mae Mortgage Guidelines on Conventional…

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FHA Versus Conventional Mortgage Rates
Conventional Loans | FHA Loans | Mortgage Rates | Videos

FHA Versus Conventional Mortgage Rates

ByGustan Cho Posted onJuly 2, 2023November 28, 2023

This guide covers FHA versus conventional mortgage rates on purchase and refinances transactions. One of the most common questions the…

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    Gustan Cho Associates are mortgage brokers 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. You can rest assured any owner-occupant primary home, second home, or investment property mortgage loan program in the marketplace, you will find them offered at Gustan Cho Associates Talk to a loan officer today

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      • Contact Us
      • Get Pre-Approved
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      • FICO Simulator
      • MLO License School
      • Why Choose Us
      • Meet Our Team
      • Preferred Realtor Partner Network
        • Dino Hasapis | Licensed Real Estate Broker | PRPN Director
        • Oakbrook Terrace, Illinois | Gustan Cho Associates Mortgage
        • Kingsley Ifezue | Licensed Real Estate Broker
      • Loan Officers
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        • Ronda Butts
        • Kingsley Ifezue
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