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ByChad Bush
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This article will discuss the California Housing Market Forecast for homebuyers of primary owner-occupant homes, second homes, investment homes, and commercial properties. California is the third-largest state in the United States. The state has the largest population of any state. With a population of 39.5 million, the area comprises 163,696 square miles (423,970 km2). Los…
ByGustan Cho
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Jumbo Mortgages are home mortgage loans that are higher than the conforming loan limit. The conforming loan limit for 2024 is $766,550. Conforming mortgage loans are mortgage loans that conform to Fannie Mae and Freddie Mac Guidelines. Fannie Mae and Freddie Mac have caps on conforming loan limits. Every year, the Federal Housing Finance Agency…
ByMargarett Jurilla
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Most people don’t know that the VA does not limit the amount that you can borrow. The VA guarantee limits the amount that most lenders will allow with zero down, but with a down payment there are no VA loan limits.
ByAnngelli Abenes
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Traversing the landscape of mortgage loans can be an intricate voyage, presenting many options tailored to meet diverse financial requirements. Two common choices for homebuyers seeking financing are FHA (Federal Housing Administration) loans and Conforming High-Balance Mortgage Loans. Throughout this blog, we will dig deep into the features, advantages, and factors to consider for each…
ByAlex Carlucci
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In this blog, we will discuss and cover high-cost guidelines on government and conventional loans. Some states have high-cost rules. What is high-cost? High-cost is that the total fees and costs in obtaining a residential mortgage loan cannot exceed 5% of the mortgage loan amount. Fees that are calculated in high cost include upfront mortgage…
ByGustan Cho
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In this blog, we will cover and discuss high-balance conforming loans for high-cost homebuyers. There are certain areas throughout the United States where it is considered high-cost areas. In high-cost areas, loan limits are higher than the traditional loan limits. The Federal Housing Finance Agency (FHFA) has increased the conventional loan limit to $766,550 for…
ByGustan Cho
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This guide covers the mortgage loan programs for homebuyers. There are several types of mortgage loan programs. The mortgage process can be quite complex and confusing due to the many different types of mortgage loan programs and the countless regulations and the constant changes in mortgage regulations. Not all borrowers will qualify for a particular…
ByGustan Cho
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In this article, we will cover and discuss getting approved by the best mortgage lenders for bad credit in Hawaii in 2024 with low rates, wide variety of prime and non-QM loans, and lowest rates. Hawaii has one of the highest home prices in the United States. Home prices in Hawaii rank among the highest…
ByGustan Cho
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In this article, we will cover and discuss the comparison between jumbo loan vs conventional loan programs and the differences in rates, terms, and LLPAs. Gustan Cho Associates has wholesale lending partners on traditional and conventional loan products. High-balance FHA jumbo loans need to meet HUD agency guidelines. VA high-balance jumbo loans need to…
ByGustan Cho
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This guide covers Jumbo Loans Chapter 13 Bankruptcy Guidelines. Chapter 13 Bankruptcy Mortgage Guidelines allow borrowers to qualify for a mortgage during and after Chapter 13 Bankruptcy and after the discharge date. Under Chapter 13 Bankruptcy Mortgage Guidelines, borrowers can qualify for VA and FHA Loans during and after Chapter 13 Bankruptcy. The following paragraphs will…
ByMike Gracz
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This guide covers the eligibility guidelines for VA Jumbo Home Mortgages. Most veterans know they do not need a down payment to purchase a home. But there are many things Veterans are not aware of, such as the removal of loan limits for VA mortgage loans. Up until 2020, VA loan limits required a down…
ByMike Gracz
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In this blog, we will cover and discuss the top-rated five-star Washington DC lenders for traditional and non-QM mortgages who have the best mortgage rates. Washington, DC has one of the highest home prices in the nation. Whether you have great credit, bad credit, or are seeking unique non-QM and alternative financing loans with multiple…
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…
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