Fannie Mae Second Home Guidelines: Occupancy, Down Payment, and Reserves.
Fannie Mae second home guidelines require the borrower to occupy the property for part of the year and keep exclusive…
-
-
Colorado DPA Mortgage Programs For First-Time Homebuyers
The Gustan Cho Associates are experts in down payment assistance (DPA) programs. We are proud to offer Colorado Housing and Finance Authority ( CHFA) down payment assistance programs. In this blog we will detail the advantages and disadvantages of using down payment assistance as well as how to apply for a mortgage with a Gustan Cho Associates when receiving Colorado down payment assistance.
-
Property Tax Prorations at Closing: How Credits Affect Cash to Close
Property tax prorations split property taxes between the buyer and seller based on their ownership duration during the tax period….
-
Mortgage Approval for a Home Purchase on Acreage
Mortgage approval for home purchase on acreage is possible with FHA, VA, USDA, conventional, and Non-QM loan programs. There is…
-
Buying a Home Near Railroad Tracks: What Buyers Should Check
Buying a home near railroad tracks is not automatically a bad investment or a deal-breaker for a mortgage. The important…
-
Choosing The Right Neighborhood When Buying a Home
How do you choose the right neighborhood? Choosing the right neighborhood means looking beyond the house and deciding whether the…
-
Homebuyers Buying Homes in the Suburbs: Costs, Benefits, and Mortgage Considerations
Data Show More Homebuyers Buying Homes In The Suburbs And Fleeing City Life. More city dwellers are fleeing the city and buying homes in the suburbs due to the high crime rate in the city due to the Black Lives Matter Movement and incompetent politicians.
-
NON-QM Loans | FHA 203k Loan | Fix-and-Flip Mortgage Loans | Hard Money Loans | Home Improvement/Renovations | Home Purchase | House Flipping | Qualifying & Getting Pre-approved | Real Estate Topic | Videos
Fix-and-Flip Mortgage: Loan Guidelines for Investors
Fix-and-Flip Mortgage Guidelines: Loans for Real Estate Investors A Fix-and-Flip Mortgage is short-term financing designed primarily for real estate investors…
-
Home Mortgages | Automated Underwriting System | Bad Credit Mortgages | Career Opportunities/Loan Officer Training | Conventional Loans | Credit Scores | FHA Loans | First Time Home Buyers | Home Purchase | Income And Employment | Investment Homes | Manual Underwriting | NON-QM Loans | Qualifying & Getting Pre-approved | Real Estate Topic | Videos
Working With a Loan Officer: Mortgage Process Guide
Working With a Loan Officer: Mortgage Process From Pre-Approval to Closing Your journey with a loan officer begins even before…
-
How Mortgage Underwriters Consider Verified Assets For Home Loan
Verified assets for home loan approval are funds that lenders can verify are available for the down payment and closing…
-
Conforming Down Payment Guidelines for Homebuyers
Conforming down payment guidelines vary by occupancy, property type, number of units, loan program, and automated underwriting findings. There may…
-
How Much Money Do First-Time Homebuyers Need in 2026?
How much money do first-time home buyers need? The answer depends on the loan program, home price, closing costs, and…
-
High Debt To Income Ratio | Home Mortgages | Home Purchase | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Real Estate Topic | Regulations | Videos
DTI Calculations in Community Property States Guidelines
In community property states, debt-to-income (DTI) calculations differ when a married individual applies for a mortgage without their spouse. The…
-
Owner Financing on Home Purchase for Buyers and Sellers
If you’ve been turned down for a mortgage, it doesn’t mean homeownership is out of reach. One powerful option many…
-
How to Qualify for a Home Loan in Community Property States
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.
-
Career Opportunities/Loan Officer Training | Home Mortgages | Home Purchase | Real Estate Topic | Videos
Real Estate Referral Agent for Homebuyers | Gustan Cho
Real Estate Referral Agent for Homebuyers: Find the Right Buyer’s Agent This guide will cover the preferred real estate referral…
-
Homes for Heroes for Firefighters: Save More on a Home
Is Homes for Heroes’ mortgage for firefighters a special mortgage? No. Homes for Heroes is a savings network, not a…
-
First Time Home Buyers | Down Payment Assistance | FHA Loans | Home Purchase | Qualifying & Getting Pre-approved | Real Estate Topic | Videos
Dream of Owning Your Own Home: Mortgage Guide
This guide covers the dream of owning your own home. The dream of owning your own home is a common…
-
Mortgage Processing And Underwriting | Clear To Close | Home Mortgages | Home Purchase | Property Taxes | Real Estate Topic | Videos
Real Estate Closing Process: Buyer and Seller Guide
Real Estate Closing: Step-by-Step Process for Buyers and Sellers This guide will cover the frequently asked questions about real estate…
-
Do You Need a Real Estate Agent to Buy a House?
Do you need a real estate agent to buy a house? You generally do not need a real estate agent…
-
Real Estate Topic | Commercial Loans | Fix-and-Flip Mortgage Loans | Hard Money Loans | Home Purchase | Investment Homes | Qualifying & Getting Pre-approved | Videos
Chicago Real Estate Guide for Homebuyers and Investors
Chicago Real Estate Investing Guide: How To Buy, Finance, and Build Wealth This guide covers investing in Chicago real estate….
-
Buying Townhouse versus Single-Family Homes
More and more homebuyers are gravitating towards a townhome purchase versus a single-family home during today’s booming housing market
