Automated Underwriting System Findings On Home Mortgages
In this blog, we will cover and discuss the automated underwriting system approval, which is also referred to as AUS…
Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
In this blog, we will cover and discuss the automated underwriting system approval, which is also referred to as AUS…
This guide cover the struggle of car loans during the mortgage process. Looking to buy a new car? Like most…
What is the waiting period to get a home loan after filing Chapter 11 bankruptcy?
FHA allows mortgage eligibility after 12 months of on-time payments if the bankruptcy trustee approves, and no waiting period after discharge.
VA home loans are allowed after 12 months of on-time payments and trustee approval, and no waiting period after discharge.
Conforming (Fannie Mae and Freddie Mac) lenders require a two-year waiting period after Chapter 11 discharge, and a four-year wait after Chapter 11 dismissal.
Mortgage applications after recent bankruptcy filings may require manual underwriting, which can be stricter than automated underwriting.
This guide covers FHA versus conforming loan limits on home purchase and refinance transactions. FHA versus conforming loan limits on…
Closing costs on the Loan Estimate versus Closing Disclosure will most likely be different. The itemized closing costs on the…
In this blog, we will cover and discuss how to shop for a mortgage in today’s housing market. Just over…
In this blog, we will discuss and cover the warehouse line of credit used by mortgage bankers and correspondent lenders. …
This guide covers home mortgage case scenarios for homebuyers. Many borrowers have trouble qualifying for conventional and FHA mortgage financing….
This article addresses Changing Lenders After Locking Rates During Mortgage Process. It is allowed to switch lenders even after locking…
In this blog, we will cover and discuss how do mortgage underwriters qualify borrowers. Credit scores and income is what…
This ARTICLE On 15 Year Versus 30 Year Fixed Rate Mortgages On Loan Programs. All residential mortgage loan programs have…
This blog post will explore and elaborate on the Texas Cash-Out Refinance Guidelines in home mortgages. Gustan Cho Associates, a…
This guide covers qualifying borrowers for mortgage on home purchases and refinances. There are many steps in the mortgage process…
In this blog, we will cover and discuss qualifying and getting a mortgage approval for home purchase on acreage in…
If you’re married and you buy a home in a community property state, you’ll face different rules for qualifying. Most of these rules come into play if you finance your home with a government-backed home loan like the FHA, VA or USDA programs.
This guide covers understanding the basics on what is a mortgage. We will cover and discuss the meaning of what…
This guide covers the minimum credit score mortgage guidelines on home loans. Income, credit, credit history, and credit scores are…
This guide covers the difference between FHA and Conventional mortgage guidelines. Many homebuyers, especially first-time buyers shopping for homes often…
This manual addresses the modifications in down payment and self-sufficiency for multi-family properties designated as owner-occupant primary residences by the…
This guide covers the truth in lending disclosure during the mortgage process. Mortgage disclosures are required to be disclosed to…
This article covers escrow account mortgage guidelines and requirements. Lenders conduct periodic escrow analyses to ensure that the account balance…