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# Gustan Cho: Mortgage Experts With No Overlays

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## Posts
- [FHA Appraisal Transfer to a New Mortgage Lender](https://gustancho.com/fha-appraisal-transfer/): In this guide, we will discuss and cover the FHA appraisal transfer from your old lender to a new mortgage lender. FHA loans are the most popular loan program in the United States.  The United States Department of Housing and Urban Development (HUD) is the parent of the Federal Housing Administration (FHA). Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates and an associate contributing editor at GCA Forums says the following about FHA appraisal transfer to a new mortgage lender:
- [Paying Down Credit Card Balances to Boost Credit Scores](https://gustancho.com/paying-down-credit-card-balances/): This guide covers paying down credit card balances to boost credit scores and lower high debt-to-income ratios to qualify for a mortgage and get approved for new credit. Debt-to-income ratios are among the most important factors a mortgage underwriter will consider when qualifying borrowers.  Paying down credit card balances is the fastest and easiest way to boost credit scores, but it takes time. Most credit bureaus update in 30 days:
- [Automated Underwriting System Findings on Home Mortgages](https://gustancho.com/automated-underwriting-system/): In this guide we will cover and discuss the automated underwriting system approval, which is also referred to as AUS findings. The automated underwriting system approval is what is needed for a mortgage borrower to go forward with the mortgage process.
- [Bank Statement Loans for Self-Employed Borrowers](https://gustancho.com/bank-statement-loans-for-self-employed-borrowers/): In this guide, we will discuss and cover bank statement loans for self-employed borrowers. Non-QM Loans and Bank Statement Loans are back. Gustan Cho Associates is a national mortgage company licensed in multiple states known for its no lender overlays on government and conventional loans as well as the dozens of non-QM loan programs we offer our borrowers. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following:
- [Understanding Mortgage Application Process to Avoid Delays](https://gustancho.com/understanding-mortgage-application-process/): This guide is about understanding mortgage application process to avoid delays. Despite the countless mortgage lending guidelines, applying for a mortgage application has become much easier than a few years ago. Homebuyers with prior bad credit, prior bankruptcy, foreclosure, deed-in-lieu of foreclosure, and a short sale can now qualify for home loans.
- [Fannie Mae Chapter 13 Dismissal Guidelines](https://gustancho.com/fannie-mae-chapter-13-dismissal-guidelines/): In this blog, we will cover the Fannie Mae Chapter 13 dismissal guidelines on conventional loans. One of the most frequently asked questions at Gustan Cho Associates is what the eligibility requirements is to qualify for a conventional loan after Chapter 13 Bankruptcy dismissal.
- [Mortgage Guidelines with Unpaid Taxes to the IRS](https://gustancho.com/mortgage-guidelines-with-unpaid-taxes/): Are you worried about unpaid taxes standing in the way of your dream home? The good news is that you can still qualify for a mortgage—even if you owe money to the IRS. John Strange, a senior mortgage loan originator at Gustan Cho Associates and an associate contributing editor at GCA Forums says the following about mortgage guidelines with unpaid taxes:
- [Credit Score Versus Credit History for Mortgage Approval](https://gustancho.com/credit-score-versus-credit-history/): Understanding the difference between your credit score versus credit history can help you avoid surprises before applying. A mortgage lender should review the full file, not just the score, to explain what may affect your approval and what steps could strengthen your application.
- [Saving Money on a Mortgage: Costly Mistakes to Avoid](https://gustancho.com/saving-money-on-a-mortgage/): Buying a home does not mean you have to accept the first mortgage payment or loan offer you receive. Saving money on a mortgage starts before you sign a purchase contract by comparing the rate, lender fees, cash needed at closing, monthly payment, and how long you expect to keep the loan.
- [Can a Credit-Builder Loan Help You Qualify for a Mortgage?](https://gustancho.com/credit-builder-loan-before-a-mortgage/): Opening a new loan may seem like a smart way to build credit before buying a home. A credit-builder loan can help some borrowers build positive payment history, but it can also add a monthly debt payment that may affect mortgage approval. The right choice depends on your current credit, income, debt-to-income ratio, and how soon you plan to apply for a mortgage. Before taking out any new installment loan, understand how it will be reported, what it will cost, and whether the payment could reduce your buying power. This guide explains when a credit-builder loan may help, when it may hurt, and what to consider before adding new credit ahead of a mortgage application.
- [Lowest Credit Score Allowed For Mortgage Approvals](https://gustancho.com/lowest-credit-score-allowed-for-mortgage-approvals/): Many homebuyers worry that a low credit score will automatically stop them from qualifying for a home loan. The lowest credit score allowed for mortgage approvals can vary by loan program, and some options may be available even when your credit is less than perfect. Meeting a minimum score does not guarantee approval. Mortgage lenders also review your recent payment history, inc
- [Chapter 13 Cash-Out Refinance Guidelines During Repayment](https://gustancho.com/chapter-13-cash-out-refinance-guidelines/): According to VA and HUD Chapter 13 cash-out refinance guidelines, homeowners may be eligible for a cash-out refinance on an FHA or VA loan, allowing them to pay off their Chapter 13 Bankruptcy ahead of schedule. VA and FHA loans are the only mortgage loan programs that permit borrowers to purchase or refinance a home while in an active Chapter 13 Bankruptcy repayment plan, provided they have Trustee Approval.
- [Bankruptcy Dismissal versus Discharge Mortgage Guidelines](https://gustancho.com/bankruptcy-dismissal-versus-bankruptcy-discharge/): In this blog, we will cover and discuss the difference when qualifying for a mortgage after bankruptcy dismissal versus bankruptcy discharge mortgage guidelines. There are waiting period differences when qualifying for FHA loans after bankruptcy dismissal versus bankruptcy discharge.
- [Upfront Mortgage Costs vs. Closing Costs: Key Differences](https://gustancho.com/upfront-mortgage-costs/): Why is the lender asking you to pay for an appraisal or credit report before you are fully approved? It can feel alarming to spend money while the mortgage is still uncertain. Some upfront mortgage costs are normal, but the important questions are when the fee is requested, what service it covers, and whether it appears on your Loan Estimate or Closing Disclosure.
- [Non-QM versus Traditional Mortgage Loans](https://gustancho.com/non-qm-versus-traditional-mortgage/): Finding your way through the complex array of mortgage choices can seem daunting. As we move into 2024, the world of finance is changing quickly, and it's important to know the key differences between non-QM versus traditional mortgages. If you are thinking about buying a home or refinancing your mortgage, knowing these differences will help you choose the best option.
- [Conforming Loan Limits versus Non-QM Loans](https://gustancho.com/conforming-loan-limits-versus-non-qm-loans/): Understanding your financing options is important to making an informed decision when purchasing a home. The popular mortgage loan types are conforming and non-QM (non-qualified mortgage) loan. Each provides distinct borrower needs and comes with unique benefits and limitations. Here’s a closer look at how these loans differ and which might be the better choice for your home purchase. In this article, we will discuss and cover conforming loan limits versus non-QM loans.
- [How to Get Approved for Home Loan with Bad Credit Texas](https://gustancho.com/home-loan-with-bad-credit-texas/): This article explores the various mortgage options available to homebuyers seeking approval for a home loan with bad credit Texas. Despite lower credit scores, mortgage applicants can still qualify for and be approved for a home loan. However, the crucial factor in obtaining approval for a mortgage with bad credit and lower credit scores is maintaining timely payments over the past 12 months. An automated underwriting system (AUS) algorithm governs each loan program's agency mortgage guidelines.
- [Mortgage Rates During the COVID-19 Pandemic](https://gustancho.com/mortgage-rates-during-the-covid-19-pandemic/): Mortgage rates during the COVID-19 pandemic changed quickly and did not affect every borrower the same way. National averages eventually fell to record lows, but the first months of the pandemic brought uncertainty to lenders, investors, and homeowners. Some borrowers with strong credit, equity, and stable income were able to refinance at very low rates. Others saw higher pricing, discount points, stricter lender requirements, or fewer loan choices. The difference came down to more than the advertised rate. Credit profile, loan type, down payment or equity, and lender policies all played a role.
- [Mortgage Loan Underwriting Process for Home Buyers](https://gustancho.com/mortgage-loan-underwriting-process/): The mortgage loan underwriting process is the lender’s review of your income, credit, assets, job, and property to decide if your loan meets rules and can close. Expect document checks, conditions to clear, and a final “clear to close.”
- [FHA Loans with 500 FICO Credit Score](https://gustancho.com/fha-loans-with-500-fico/): HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required.
- [Impact of Credit Score Changes During Mortgage Process](https://gustancho.com/credit-score-changes-during-mortgage-process/): This guide covers the impact of credit score changes during mortgage process and how it impacts borrowers. Credit Score Changes during mortgage process happen. There are minimum credit score requirements on mortgage loan programs.  The impact of credit inquiries and new accounts is generally small and temporary.
- [How to Get the Lowest Mortgage Rates on Home Loans](https://gustancho.com/how-to-get-the-lowest-mortgage-rates/): Getting the lowest mortgage rate is not just about calling lenders and asking for today’s rate. The best mortgage pricing usually goes to borrowers with stronger credit, lower debt, stable income, and the right loan setup. If you want a lower rate, the smartest move is to improve the parts of your profile lenders use to price risk. In this guide, you will learn how to get the lowest mortgage rates, save money over time, and avoid common mistakes when comparing lenders.
- [Illinois DPA Mortgage Programs For First Time Home Buyers](https://gustancho.com/illinois-dpa-mortgage-programs/): Buying a home in Illinois can feel out of reach when the down payment, closing costs, and moving expenses all come due at once. Illinois DPA mortgage programs can help eligible buyers reduce the cash needed to purchase a primary residence by pairing a first mortgage with down payment or closing cost assistance. The amount available, repayment terms, and qualification rules vary by program. Some assistance may be forgiven over time, while other options are repaid when you sell, refinance, or pay off the first mortgage. Before making an offer, review the program’s income limits, required buyer contribution, homebuyer education rules, and the full cost of the loan.
- [Traditional and Non-QM Mortgage Loan Programs](https://gustancho.com/traditional-and-non-qm-mortgage-loan-programs/): Due to the new traditional and non-QM mortgage loan programs in the market, there is an abundance of qualified homebuyers that have been pre-approved.
- [Cash-Out Refinance Mortgage Guidelines on Home Loans](https://gustancho.com/cash-out-refinance-mortgage/): A cash-out refinance mortgage allows homeowners to use the value they've built up in their house. It means getting a new mortgage bigger than the one you already have, and you get the extra money in cash. This guide will show you all you need to understand about cash-out refinance mortgages in 2026. Most homeowners turn to a cash-out refinance mortgage when they have a clear financial goal in mind.
- [15-Year versus 30-Year Fixed-Rate Mortgages Comparison](https://gustancho.com/15-year-versus-30-year-fixed-rate-mortgages/): Which Loan Program is best for you: 15 Year Versus 30 Year Fixed Rate Home Loans: 15 Year Versus 30 Year Fixed Rate Mortgages has benefits for certain borrowers but not all. Certain borrowers who can afford a higher monthly mortgage payment may opt to go with 15 Year Versus 30 Year Fixed Rate Mortgages and save tens of thousands of dollars over the course of the loan term.
- [Changing Jobs During Mortgage Approval Process](https://gustancho.com/changing-jobs-during-mortgage-approval-process/): Changing jobs during mortgage approval process can be a stressful decision. It may impact your chances of obtaining a home loan. Many borrowers worry that switching jobs could delay their closing or jeopardize their approval altogether. But here’s the good news: it’s not the end of the world. With the right planning and guidance, you can navigate this situation successfully.
- [Documents Needed for a Mortgage: A Simple Buyer’s Checklist](https://gustancho.com/documents-needed-for-a-mortgage/): Buying a home involves paperwork, and it can be frustrating when your lender asks for additional documents after you have already sent pay stubs or bank statements. The documents needed for a mortgage help the lender verify your income, assets, debts, and the details of the home you want to buy. Every loan file is different. A W-2 employee may need different paperwork than a self-employed borrower, someone using gift funds, or a buyer selling another home. Knowing what lenders may request before and during underwriting can help you stay organized and avoid delays that could push back your closing date.
- [Refinance Mortgage Guidelines: What You Need To Know](https://gustancho.com/refinance-mortgage-guidelines/): A refinance can lower your payment, shorten your loan term, remove mortgage insurance, or give you access to equity. But a lower rate alone does not make refinancing the right move. Closing costs, loan term, home value, credit profile, and loan type can all affect the final outcome. Refinance mortgage guidelines vary by program. FHA, VA, USDA, and conventional loans each have different rules for credit, equity, mortgage payment history, debt, and documentation. Before applying, compare the full cost of the new loan with what it will actually improve for you.
- [What is DU Automated Approval per AUS FINDINGS](https://gustancho.com/what-is-a-du-automated-approval/): In this blog, we will cover and discuss what is DU automated approval on the automated underwriting system. A sound mortgage loan approval?  My Loan Officer told me I had a DU Automated Approval, what is that? There are two types of automated underwriting system approvals.
- [Overlays in Underwriting by Mortgage Lenders](https://gustancho.com/overlays-in-underwriting/): This blog is about overlays in underwriting on government and conventional loans. The mortgage industry went through a major overhaul after the subprime crisis.  Mortgage companies have two different types of guidelines. Dale Elenteny, a senior mortgage loan originator and Director of Correspondent Lending at Gustan Cho Associates says the following:
- [1099-Income versus W-2 Income Mortgage Guidelines](https://gustancho.com/1099-income-versus-w-2-income/): When applying for a mortgage, the type of income you earn—1099-income versus W-2 income—can make a big difference in the approval process. W-2 employees typically have an easier time getting approved for a mortgage than 1099 wage earners because lenders view W-2 income as more stable.
- [Conventional Loan After a Short Sale: Avoid Costly Delays](https://gustancho.com/conventional-loan-after-a-short-sale/): A conventional loan after a short sale may be possible once the required waiting period is met. Some borrowers need more time. Others may qualify sooner if the file shows documented hardship, rebuilt credit, stable income, and sufficient funds for the down payment and closing costs.
- [Applying for Mortgage with Another Lender When Denied](https://gustancho.com/applying-for-mortgage-with-another-lender/): In this article, we will cover and discuss applying for mortgage with another lender when denied by the original lender. The team at Gustan Cho Associates gets countless calls from borrowers asking for advice on applying for mortgage with another lender after denied by their first lender. Applying for mortgage with another lender after denied is a stressful process to go through. However, the team at Gustan Cho Associates can help you qualify and approved after you have a mortgage loan denial.
- [How Do I Qualify for a Mortgage and Get Approved](https://gustancho.com/how-do-i-qualify-for-a-mortgage-loan/): This guide covers the frequently asked question how I qualify for a mortgage loan and get approved. Mortgage lenders do not just lend a home loan to anyone. Lenders need to make sure borrowers qualify not just in making their making their new mortgage payments, but borrowers need to qualify and meet minimum mortgage guidelines:
- [Closing Costs on Loan Estimate versus Closing Disclosure](https://gustancho.com/loan-estimate-versus-closing-disclosure/): Closing costs on the loan estimate versus closing disclosure will most likely be different. The itemized closing costs on the Loan Estimate (LE) is normally over-disclosed since most costs and fees were estimated on the very high end. If closing costs are higher than 10% of the disclosed amount, the loan officer/lender is liable for the cost. Therefore, most lenders will overly disclose the line items on the fee sheet on the Loan Estimate. We will be covering the two important disclosures borrowers acknowledge during the mortgage process. It is very important to fully understand the differences and similarities between the loan estimate versus closing disclosure.
- [Buying Townhouse versus Single-Family Homes](https://gustancho.com/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
- [Buyer Solutions to Multiple Offers on Home Purchase](https://gustancho.com/multiple-offers-on-home-purchase/): This guide covers buyers solutions to multiple offers on home purchase. There was a time where there were tons of inventory of homes on the market. Homebuyers can ask for multiple showings on the same property. They saw weeks ago and the home was still available. As the days turned into weeks and weeks turned into months, sellers were dropping the asking price of their homes. However, those days are long gone.
- [Ready to Buy? Start Preparing for a Mortgage in Illinois Now](https://gustancho.com/preparing-for-a-mortgage-in-illinois/): Buying a home is one of the biggest financial decisions you'll ever make — and preparing for a mortgage in Illinois can be the key to having an easy closing instead of a super stressful one. At Gustan Cho Associates, we specialize in helping Illinois borrowers navigate the entire mortgage process with confidence.
- [Mortgage After Bankruptcy and Foreclosure](https://gustancho.com/mortgage-after-bankruptcy-and-foreclosure/): This guide covers mortgage after bankruptcy and foreclosure. If you've been through bankruptcy or foreclosure, you might feel like owning a home again is out of reach. The good news? It's not! It's possible to secure a mortgage even after experiencing bankruptcy and foreclosure; we're here to guide you through the process. With the correct information, you'll be on your way to owning a home in no time.
- [Self-Employed Mortgage Loans When Banks Say No](https://gustancho.com/self-employed-mortgage-loans/): Most guidelines require lenders to average the most recent two years of income to qualify applicants. Some programs allow borrowers with newer businesses if they have experience
- [Reestablishing Credit After Bankruptcy for Mortgage Loan Approval](https://gustancho.com/reestablishing-credit-after-bankruptcy/): This guide covers reestablishing credit after bankruptcy and your step-by-step guide to homeownership. Going through bankruptcy is tough, but it doesn’t mean you’re locked out of a bright financial future. Reestablishing credit after bankruptcy is not only possible—it’s the key to unlocking new opportunities, including buying or refinancing a home. In this guide, we’ll walk you through proven strategies to rebuild your credit score, meet mortgage requirements, and be prepared to buy the home of your dreams. Let’s get started on the road to recovery!
- [How to Get Approved for a Home Mortgage with Bad Credit](https://gustancho.com/home-mortgage-with-bad-credit/): This guide covers qualifying for a home mortgage with bad credit. One of the frequently asked questions by our clients at Gustan Cho Associates is, what is bad credit in mortgage terms? What does it mean to have bad credit? Bad credit, in general, can have a lot of meanings. Bad credit mortgage loans are home loan programs where the borrower had prior bad credit such as late payments, outstanding collections, charged-off accounts, prior bankruptcy, prior foreclosure or short sale, and other derogatory credit tradelines. The following paragraphs covers how to qualify and get approved for a home mortgage with bad credit.
- [Overview of Mortgage Markets and Interest Rates](https://gustancho.com/mortgage-markets/): This guide covers the mortgage markets and interest rates. The mortgage markets and interest rates have seen volatile trends in recent weeks. The first and foremost is rising interest rates when analyzing mortgage markets and interest Rates. John Strange, a senior loan officer at Gustan Cho Associates and an associate contributing editor at GCA Forums says the following about the mortgage markets:
- [Cannot Afford Mortgage Payments? Save Your Home](https://gustancho.com/cannot-afford-mortgage-payments/): If you cannot afford mortgage payments, do not ignore the problem and hope it goes away. Failure to make a payment on time can lead to late fees, credit issues, and foreclosure if not addressed promptly. The good news is that homeowners usually have choices before they end up in foreclosure. The first step is to contact your mortgage servicer as early as possible. Depending on your situation, you can request forbearance, a repayment plan, a loan modification, a refinance, a short sale, or another foreclosure alternative. The sooner you act, the more choices you may have to protect your home, your credit, and any equity you have built.
- [Home Purchase with Bad Credit with Lender with No Overlays](https://gustancho.com/home-purchase-with-bad-credit/): Home purchase with bad credit is possible, but the path depends on your credit score, recent payment history, down payment, loan program, and the type of credit issues on your report. A borrower with a 500 credit score may still qualify for an FHA loan with a larger down payment. A borrower with a 580 credit score or higher may qualify for FHA financing with only 3.5% down. Veterans may qualify for VA loans with flexible credit guidelines, and some rural home buyers may qualify for USDA loans.
- [Freddie Mac Cash-Out Refinance Guidelines](https://gustancho.com/freddie-mac-cash-out-refinance/): A Freddie Mac cash-out refinance can help you pull equity from your home, but the rules are not the same as a simple rate-and-term refinance. If too much money comes back at closing, the loan may be treated as a cash-out. That can change the loan-to-value limit, pricing, approval requirements, and documents the underwriter needs.
- [Buying a Home with Bad Credit in Nevada with under 600 FICO](https://gustancho.com/buying-a-home-with-bad-credit-in-nevada/): In this article, we will delve into the process of buying a home with bad credit in Nevada, specifically for individuals with credit scores below 600. The team at Gustan Cho Associates specializes in guiding homebuyers through purchasing a home with bad credit in Nevada. Over 60% of our clients come to us after being denied by other lenders because those lenders impose additional overlays on government and conventional loans. Gustan Cho Associates, a national five-star mortgage company licensed across multiple states, operates without lender overlays on FHA, VA, USDA, and conventional loans.
- [Understanding FHA Mortgage Rates on Purchases & Refinance](https://gustancho.com/understanding-fha-mortgage-rates/): Why is my FHA rate different from the rate I saw online? That is one of the most common questions borrowers ask when they start shopping for a home loan. FHA mortgage rates can look simple at first, but the rate you are quoted depends on your credit score, loan amount, property type, debt-to-income ratio, discount points, and the lender you choose.
- [Mortgage Forbearance on the Rise: What It Means & What To Do](https://gustancho.com/mortgage-forbearance-on-the-rise/): Seeing headlines about mortgage forbearance on the rise can scare any homeowner who is already stretched thin. Maybe your insurance went up. Maybe your property taxes jumped. Maybe your hours were cut, or one unexpected bill threw off the whole month. When the mortgage payment starts feeling harder to make, it is normal to wonder if other homeowners are falling behind, too.
- [Mortgage Closing Process in Illinois on Home Purchases](https://gustancho.com/mortgage-closing-process-illinois/): Buying a home is one of the most significant financial decisions you'll ever make. It's a significant milestone, and it might seem daunting—particularly when you're trying to grasp the mortgage closing process.
- [Why Mortgage Rates Are Rising And What It Means For Buyers](https://gustancho.com/why-mortgage-rates-are-rising/): A higher mortgage rate can change a buyer’s entire home search. Even a 1% increase can add hundreds of dollars to the monthly payment and lower the price range a borrower may qualify for. That is why many buyers and homeowners are asking why mortgage rates are rising and whether they should wait, buy now, or rethink their budget. Mortgage rates are rising for several reasons, including inflation, Federal Reserve policy, Treasury yields, investor demand, and the strength of the overall economy. The rate a borrower sees today is not random. It is tied to developments in the broader financial markets. Understanding those factors can help borrowers make better decisions about locking a rate, comparing lenders, buying a home, or refinancing.
- [Starting Mortgage Net Branch: A Comprehensive Guide](https://gustancho.com/starting-mortgage-net-branch/): Starting mortgage net branch can be an exciting venture for anyone looking to get into the home loan business. Here's a beginner-friendly, step-by-step guide to help you get started:
- [Mortgage Approval Conditions: What They Mean Before Clear to Close](https://gustancho.com/mortgage-approval-conditions/): The initial loan approval from the mortgage loan approval lists a set of conditions from the mortgage loan underwriter. Once the loan conditions are satisfied, the mortgage underwriter will issue will issue a clear to close.
- [Can You Get Denied for a Mortgage With Good Credit?](https://gustancho.com/mortgage-denial-with-good-credit/): A mortgage denial with good credit usually means another part of the loan file did not meet underwriting guidelines. A 740 or 760 credit score may look strong, but the lender still has to verify income, monthly debts, assets, employment history, and the property being financed. A borrower can have clean credit and still be denied because the debt-to-income ratio is too high, the income cannot be fully counted, or a new debt appears before closing. Self-employed borrowers may encounter this when tax write-offs reduce qualifying income. Buyers can also lose approval if the appraisal comes in low, the condo project is not eligible, or bank statements show funds that cannot be documented. Good credit helps, but it does not override mortgage guidelines. The lender must prove the borrower can afford the payment, document the money needed to close, and confirm the loan program allows the full file.
- [Refinancing During Coronavirus Pandemic Mortgage Crisis](https://gustancho.com/refinance-after-a-mortgage-forbearance/): Many homeowners went into mortgage forbearance during COVID or another financial hardship because they needed time to catch up. Now the question is simple: can you refinance after a mortgage forbearance, or will the past hardship still hold you back?
- [Stop Student Loan Credit Reporting Errors Before Closing](https://gustancho.com/student-loan-credit-reporting-errors/): Student loan credit reporting errors can stop a mortgage file before it gets to final approval. A late payment, incorrect forbearance status, or a student loan balance that does not match the current statement can lower credit scores, raise underwriting questions, or require the lender to request additional proof before closing. This became a bigger issue during the COVID student loan payment pause, when some federal student loan borrowers saw confusing or incorrect reporting on their credit reports. Even today, borrowers may still find old student loan errors showing on Equifax, Experian, or TransUnion. A mortgage lender cannot ignore what appears on the credit report, even when the borrower says the loan is current. For home buyers, the problem is not only the student loan itself. The bigger issue is how the loan is reported, how the monthly payment is counted, and whether the account shows current, deferred, in forbearance, or past due. Before applying for a mortgage, borrowers should review all three credit reports, compare them with their student loan servicer statement, and fix any reporting errors as early as possible.
- [First-Time Home Buyers With Student Loan Debts](https://gustancho.com/first-time-home-buyers-with-student-loan-debts/): Many first-time home buyers with student loan debt worry that their student loan debt will prevent them from being approved for a mortgage. Fortunately, having student loan debt does not automatically disqualify you from purchasing a home. What is crucial is how the lender considers your monthly student loan payment when determining your debt-to-income ratio.
- [Recent Late Payment VA Guidelines on VA Home Loans](https://gustancho.com/recent-late-payment-va-guidelines/): VA home loans are ideal for primary residences, offering 100% financing with no down payment required for those who qualify, including active and retired U.S. Armed Forces members and eligible surviving spouses. The key to accessing these benefits is obtaining a Certificate of Eligibility (COE), which confirms eligibility for the VA’s loan program. The VA is known for its lenient approach towards credit and income evaluations under the recent late payment VA guidelines, recognizing that military service can lead to financial disruptions that might impact a veteran's credit history.
- [Freddie Mac Mortgage Guidelines on Conventional Loans](https://gustancho.com/freddie-mac-mortgage-guidelines/): Many borrowers think a conventional loan denial means they do not qualify for a mortgage. That is not always true. Sometimes the problem is not Freddie Mac’s guidelines. The denial may come from lender overlays, high debt-to-income ratios, student loan payments, property type, weak documentation, or how the file was read by Freddie Mac’s Loan Product Advisor. Freddie Mac mortgage guidelines are used by lenders to decide whether a conventional loan can be approved, sold, and serviced under Freddie Mac. These guidelines review credit history, income, assets, debts, down payment, property type, and overall loan risk. Freddie Mac does not loan money directly to borrowers. Instead, lenders follow Freddie Mac’s guidelines to approve eligible conventional loans. The important thing to know is this: one lender may deny a Freddie Mac loan while another lender may approve the same borrower. That is why understanding Freddie Mac mortgage guidelines, Loan Product Advisor findings, and lender overlays can make a big difference when buying a home or refinancing.
- [Coronavirus Stimulus Checks: What Happened to Your Money?](https://gustancho.com/coronavirus-stimulus-checks/): The first coronavirus stimulus checks were issued during the COVID-19 pandemic to help families cover basic needs as businesses closed and jobs were lost. These payments were not loans, so families did not have to repay them. They were part of the federal government’s effort to provide emergency help during a tough time for many.
- [Mortgage Denial After Pre-Approval? What To Do Next](https://gustancho.com/mortgage-denial-after-pre-approval/): Getting a mortgage denial after pre-approval can feel like the rug was pulled out from under you. You may already have a signed purchase contract, a closing date, inspection money spent, and an appraisal ordered. Then the lender calls and says the loan cannot move forward. This happens because a mortgage pre-approval is not the same as final loan approval. A pre-approval means the lender reviewed your basic credit, income, assets, and debts based on the information available at that time. Before closing, the underwriter still has to verify everything, review updated documents, inspect the property, confirm employment, clear conditions, and make sure nothing has changed. A mortgage denial after pre-approval can happen for various reasons, such as a drop in your credit score, new debt, or unverified income. Your debt-to-income ratio, low property appraisals, or issues with the property can affect your loan. Some lenders may have stricter requirements. If you get denied, it doesn't mean you have no options. You can often change your application or ask another lender to review it.
- [The Importance of Credit Scores For Home Loans](https://gustancho.com/the-importance-of-credit-scores-for-home-loans/): A credit score does not have to be perfect to get approved for a home loan, but it can change the path to approval. Your score can affect the loan programs available to you, the down payment required, the interest rate offered, the mortgage insurance, the discount points, and the level of underwriting review. Many borrowers are surprised when the score they see online differs from the one a mortgage lender uses. Others find out too late that high credit card balances, recent late payments, new accounts, or credit disputes can create problems during the mortgage process. Even a small score change can matter when it moves a borrower into a different pricing tier or affects automated underwriting findings. The good news is that securing a home purchase or refinancing is still possible even with a low credit score. Loan options like FHA, VA, conventional, USDA, and non-QM assess credit differently. While some individuals might qualify with lower scores if their overall application is strong, others may need to settle some debts, wait for their accounts to reflect updates, or refrain from applying for new credit beforehand. Knowing the importance of credit scores for home loans allows you to make adjustments that positively affect your chances of approval.
- [Opening a New Credit Card Before a Mortgage: Smart or Risky?](https://gustancho.com/opening-a-new-credit-card-before-a-mortgage/): Opening a new credit card before a mortgage can help some borrowers, but it can also create problems if the timing is wrong. Some homebuyers are surprised when a new card raises their credit score instead of lowering it. This can happen when the new account increases available credit and lowers credit utilization.
- [Lender versus Borrower Paid Mortgage Transactions](https://gustancho.com/lender-versus-borrower-paid/): In this guide, we will discuss lender versus borrower paid mortgage transactions. Mortgage brokers can often opt to go with a borrower paid for by a mortgage borrower to save the borrower's commissions. There is no such thing as free in the mortgage industry. The way mortgage rates charged is the higher the lender's compensation, the higher the rates.
- [New Mortgage Programs For Homebuyers and Investors](https://gustancho.com/new-mortgage-programs/): Getting a loan to buy or renovate a house can be hard right now. High property prices and big upfront payments make it tough for many applicants. Strict rules about credit history and debt-to-income ratios add to the challenge. However, new mortgage programs are appearing to help people who struggle with traditional loans. These programs are designed for different groups, including military veterans, gig workers, and homeowners who want to upgrade. They offer more flexibility than regular loans. For example, when traditional lenders might say no, these new programs may require only a small upfront payment or accept a wider range of credit histories. There are options for first-time buyers, those recovering from late payments, and self-employed individuals. Veterans often have special loan programs just for them. If you're renovating an older home, some new mortgage programs focus on repair costs rather than just purchase prices. Investors flipping houses can also find unique loans that differ from typical loans for buyers. In some cases, the income shown on bank records can be enough for approval, instead of only relying on tax returns. Many people want clear answers about home loans. Gustan Cho Associates helps explain complicated terms. Different banks have different rules. One bank might deny a loan, while another might approve the same application with the same documents. This difference can greatly affect who gets approved, depending on which lender reviews the case.
- [Illinois Mass Exodus Due To Jobs, Housing, Tax Policy](https://gustancho.com/illinois-mass-exodus/): This guide covers the Breaking News About Illinois Mass Exodus Due to Jobs, Housing, Tax Policy. Illinois’ long-standing high taxes and high living costs have driven people out of the state and reduced job opportunities there. Economic is not going too well for Illinoisans. Illinois has the nation's second highest property tax rates, has a broken pension system, large corporations like Boeing, Citadel, Caterpillar, Walgreens, McDonalds, and the Chicago Bears are either thinking about or have moved out of the state due to political mismanagement, never-ending taxes and tax policy, high crime, out of control inflation, and high cost of living and unaffordable housing.
- [Fannie Mae Collection Guidelines on Conventional Loans](https://gustancho.com/fannie-mae-collection-guidelines/): This blog will cover Fannie Mae Collection Guidelines on Conventional loans. Fannie Mae and Freddie Mac are the two mortgage giants that regulate agency guidelines on conventional loans. The two mortgage giants are the largest buyers of mortgages on the secondary market. Fannie Mae typically requires a minimum credit score for conventional loans. Credit scores may vary depending on the individual mortgage program and other factors.
- [HUD Credit Score Guidelines On FHA Home Loans](https://gustancho.com/hud-credit-score-guidelines/): So, you've had a few hiccups with credit in the past? A bankruptcy or some bills went into collections? Well, thanks to HUD credit score guidelines, FHA loans are more about giving you a second chance than holding those issues against you.
- [Buying A Foreclosure with FHA 203k Renovation Loans](https://gustancho.com/buying-foreclosure/): Buying a foreclosure can be a smart move if you want to own a property for less than its market rate. The key to maximizing this opportunity is pairing it up with the advantages of an FHA 203k renovation loan. This comprehensive guide is designed to help you get familiar with the ins and outs of buying foreclosure properties using FHA 203k loans. We will simplify the loan details and assist you in every stage of purchasing and renovating a foreclosed property. From understanding how the loan works to walking you through the process of buying and renovating foreclosure homes, this guide covers everything you need to dive confidently into the world of foreclosure investments.
- [FHA Back to Work versus NON-QM Mortgages-Pros and Cons](https://gustancho.com/fha-back-to-work-versus-non-qm-mortgages/): Many borrowers asked about FHA Back to Work versus NON-QM Mortgages. This program turned out to be a total disaster, with many home buyers living a nightmare as they dealt with lenders, only to be told they were denied.
- [Verification of Employment Before Mortgage Closing](https://gustancho.com/verification-of-employment/): Whether you are buying your home or changing the mortgage on a home you already own you need to know how Verification of Employment works. Lenders want to know that you have a job and can pay your mortgage every month. Verification of Employment checks your job and how money you make so it is a big part of getting a mortgage. We will tell you everything about Verification of Employment why it is important and how it helps you buy or change the mortgage on a home. We will also give you some tips to make the Verification of Employment process easy and fast.
- [VA Loans With High Debt-To-Income Ratio Mortgage Guidelines](https://gustancho.com/va-loans-with-high-debt-to-income-ratio/): This Guide About "VA Loans with High Debt-to-Income Ratio Mortgage Guidelines" was updated on June 5, 2026.
- [Refinance into FHA 203k Loan from Current Mortgage](https://gustancho.com/refinance-into-fha-203k-loan/): In this guide, we will discuss how to refinance an existing home mortgage into an FHA 203k loan. Homeowners who need either basic rehab or a full-blown renovation project can refinance into an FHA 203k loan. This holds true even if they do not have a current FHA loan.
- [The Feds Announce Future Rate Cuts](https://gustancho.com/the-feds-announce-future-rate-cuts/): The Feds announce rate cuts and this is a big deal, for people who own homes and those who want to buy a home. The Feds announce future rate cuts is something that homeowners and buyers will be watching closely. This one decision can make a difference in whether you save a lot of money on your mortgage or miss out on a chance to refinance at really low rates.
- [How to Make a Building Accessible for Everyone](https://gustancho.com/how-to-make-a-building-accessible/): Learning how to make a building accessible starts with understanding that accessibility is more than adding a ramp near the entrance. People need to be able to park safely, reach the door, enter without trouble, move through hallways, use restrooms, reach counters, read signs, and leave safely during an emergency. Whether you own a business, manage a public space, remodel an office, or plan upgrades to an older property, accessibility should be reviewed early. When entrance routes, doors, bathrooms, flooring, lighting, signs, and emergency plans are considered from the start, the space becomes safer, easier to use, and more welcoming for everyone. The best accessible buildings are not only built to meet rules. They are designed around real people. A good plan looks at how someone actually moves through the property from arrival to exit, then removes barriers that may create confusion, discomfort, or safety risks.
- [Private Money Loans with Bad Credit for Real Estate Investors](https://gustancho.com/private-money-loans-with-bad-credit/): The answer to Qualifying for Private Money Loans with Bad Credit is simple:
- [Sarasota Housing Market: Home Prices and Trends](https://gustancho.com/sarasota-housing-market/): The Sarasota housing market is something people want to know about. The Sarasota housing market is great because it has a lifestyle, a nice location and it is a good place to live for a long time. Many people move to the Sarasota housing market because of the Gulf Coast beaches the warm weather, the fact that it is a good place to retire the golf communities, the boating, the good healthcare and the fact that Florida does not have a state income tax.
- [How Errors on Credit Reports Affect AUS FINDINGS](https://gustancho.com/errors-on-credit-reports/): In this guide, we'll explain how errors can impact your mortgage approval, how to fix them, and how Gustan Cho Associates can help you get approved even if your credit isn't perfect.  In the following paragraphs, we will cover how errors on credit reports can delay loan approvals and mortgage loan approvals.
- [Is Timeshare Foreclosure Considered Mortgage Foreclosure?](https://gustancho.com/timeshare-foreclosure-considered-mortgage-foreclosure/): Gustan Cho Associates get a lot of calls from borrowers to ask is timeshare foreclosure considered mortgage foreclosure. The answer is NO. A timeshare foreclosure is NOT considered a mortgage foreclosure. Timeshares are not considered as real estate. Timeshare loans are considered an installment loan and NOT a mortgage loan.
- [Canceling a Real Estate Purchase Contract Transaction](https://gustancho.com/canceling-a-real-estate-purchase-contract/): Buying or selling a home is exciting, but sometimes things don’t go as planned. Maybe the inspection reveals hidden problems. Maybe your mortgage gets denied. Or maybe you simply realize the deal isn’t right for you. In any of these situations, you may start thinking about canceling a real estate purchase contract.
- [Mortgage Rates Have Recently Been Dropping](https://gustancho.com/mortgage-rates-have-recently-been-dropping/): This guide covers mortgage rates have recently been dropping. 30-year fixed FHA mortgage rates have been as low as 4.25% and 30-year fixed Conventional mortgage rates have been as low as 4.5% earlier this year. FHA mortgage rates have spiked up to the upper 6.0%. Conventional mortgage rates have climbed to over 7.5% just as recently as a few weeks ago.
- [Revised FHA Total Scorecard Underwriting Guidelines](https://gustancho.com/fha-total-scorecard/): This guide is about the FHA Total Scorecard and how it works.  The United States Department of Housing and Urban Development (HUD)  also known as HUD uses the FHA TOTAL Scorecard. This tool helps mortgage underwriters evaluate borrowers credit and income to decide if they can get an FHA loan. To qualify for an FHA loan borrowers must meet the guidelines set by HUD 4000.1 in the FHA Handbook.
- [Underwriting Credit Guidelines During Mortgage Process](https://gustancho.com/underwriting-credit-guidelines/): This article will cover underwriting credit guidelines during the mortgage process. Mortgage borrowers should not stress during the mortgage process. There is no reason for any pre-approvals to get a last-minute mortgage denial. The main reason for a last-minute mortgage loan denial or stress during the mortgage process is the borrower's inability to qualify properly with the loan officer.
- [Where Are the Lowest Property Tax Rates?](https://gustancho.com/lowest-property-tax-rates/): Even if you have a fixed-rate mortgage, your monthly mortgage payment can change over time. That's because most lenders include property taxes and homeowners insurance in the monthly payment, and those elements can change over time. Property values increase and tax rates can too.
- [Conventional Loan With Non-Occupant Co-Borrower](https://gustancho.com/conventional-loan-with-non-occupant-co-borrower/): This blog will cover Fannie Mae and Freddie Mac guidelines on qualifying for a conventional loan with non-occupant co-borrower. Non-Occupant Co-Borrowers can be added to Conventional and FHA loans. The United States Department of Veteran Affairs does not allow non-occupant co-borrowers on VA home loans. Only married spouses of veteran borrowers can be added as co-borrower. USDA does not allow non-occupant co-borrowers.
- [Best Lenders After Mortgage Denial in Iowa Due to Overlays](https://gustancho.com/best-lenders-after-mortgage-denial-in-iowa/): In this blog, we will discuss and cover choosing the best lenders after mortgage denial in Iowa due to the lender overlays of the lender who denied you.
- [Steps to Buying Your First Home During a Booming Market](https://gustancho.com/steps-to-buying-your-first-home/): One of the steps to buying your first home is carefully considering whether you are ready. Homeownership comes with benefits but also responsibilities.
- [Homes for Heroes Mortgage for Medical Professionals](https://gustancho.com/homes-for-heroes-mortgage-for-medical-professionals/): The term HealthCare Professionals can mean many different things. The good news is the majority of people who work in the medical field are eligible for the Homes for Heroes Mortgage for Medical Professionals program. Whether you work in a doctor's office or are a brain surgeon, chances are you are eligible to receive these amazing benefits. Interested medical professionals can sign up to find more detailed information and locate affiliated service providers in their area.
- [FAQ on VA Loans on Eligibility and Mortgage Options](https://gustancho.com/faq-on-va-loans/): FAQ on VA loans is how can a veteran become eligible for a VA loan. A Veteran who has an honorable discharge from a branch of the United States Armed Services and has served a certain amount of time in the United States Military with a Certificate of Eligibility should qualify for a VA loan. VA mortgage loan officer will be able to help the borrower in determining the entitlement borrower has on a VA loan.
- [FHA Streamline Refinance in Alabama with Low Rates](https://gustancho.com/fha-streamline-refinance-in-alabama/): Alabama homeowners with an existing FHA loan may find that an FHA streamline refinance in Alabama can help reduce their monthly mortgage payments. This program simplifies the refinancing process, as many borrowers are not required to undergo a new appraisal, full income verification, or a comprehensive credit review.
- [VA Late Payment After Bankruptcy Guidelines on VA Loans](https://gustancho.com/va-late-payment-after-bankruptcy/): This guide covers VA late payment after bankruptcy mortgage guidelines on VA loans. VA loans were created and implemented to reward active-duty or retired members of the United States Armed Services for their service. Only eligible members with a valid Certificate of Eligibility (COE) can qualify for VA loans. VA loans are the best loan program in the country.
- [Should I Buy a House That Needs Renovation](https://gustancho.com/should-i-buy-a-house-that-needs-renovation/): So you want to know if you should buy a house that needs renovation. Buying a house can be really expensive, so many people look for deals on houses that need some work. The big question is, should you buy a house that needs renovation?
- [Do All Lenders Have The Same Guidelines on Mortgage Loans](https://gustancho.com/do-all-lenders-have-the-same-guidelines/): Choosing the right mortgage lender that is suitable to you is one of the most important decisions borrowers will make in the home buying process. Getting the right lender with the best terms and rates is very important for homebuyers on new a new home purchase, and homeowners for refinancing their current home loans.
- [Mortgage Charge Offs Lending Guidelines and Requirements](https://gustancho.com/mortgage-charge-offs-lending-guidelines/): In this guide, we will cover mortgage charge offs lending guidelines and requirements on home loans. Have you experienced a mortgage charge off and need clarification on what it means for your future as a homeowner? The good news is that even if your mortgage has been charged off, there are still opportunities to purchase or refinance a home. We will simplify the mortgage charge offs lending guidelines so that they are easy for you to comprehend.
- [Benefits of Buying Newer Homes Versus Older Homes](https://gustancho.com/newer-homes-versus-older-homes/): When considering newer homes versus older homes, look beyond just the purchase price. Newer homes typically require less maintenance, offer modern floor plans, feature updated systems, and offer improved energy efficiency. In contrast, older homes may feature larger lots, established neighborhoods, greater privacy, and distinctive character.
- [Increase Credit Scores Before Applying For Mortgage](https://gustancho.com/increase-credit-scores-before-applying-for-mortgage/): This guide covers how to increase credit scores before applying for mortgage. Consumer credit report and credit scores are probably the most important factor that lenders and creditors take into account when applying for credit. Creditors of the mortgage loan, automobile loan, business loan, credit cards, or other types of credit will pull and thoroughly review credit scores and credit payment history as part of their credit approval process.
- [Minimum Loan Amount: Why Small Loans Get Denied](https://gustancho.com/minimum-loan-amount/): Many home buyers know mortgage programs have maximum loan limits, but fewer realize some lenders also have minimum loan amounts. A borrower may qualify for a home loan but still have trouble finding a lender willing to approve a smaller mortgage, such as $50,000, $75,000, or under $100,000. This does not always mean the borrower has bad credit, weak income, or too much debt. In many cases, the challenge comes down to lender costs, pricing limits, compliance requirements, and company policy. Smaller mortgage loans can take almost the same amount of work as larger loans, but the lender may earn much less on the transaction. The good news is that small mortgage loans are still possible. Borrowers may need to compare lenders, ask about minimum loan amounts upfront, and review the total closing costs before choosing the best option.
- [What Is Lender-Paid Mortgage Insurance on Conventional Loans](https://gustancho.com/what-is-lender-paid-mortgage-insurance/): Lender-paid mortgage insurance, also known as LPMI, is a conventional loan option that allows borrowers to avoid a separate monthly PMI payment. This does not mean mortgage insurance is free. The cost is usually built into the loan through a higher interest rate, an upfront cost, lender credit, a seller concession, or a loan pricing adjustment. LPMI may help some borrowers lower the visible monthly mortgage payment. However, it can also cost more over time if the borrower keeps the loan for many years. Before choosing lender-paid mortgage insurance, borrowers should compare LPMI with monthly borrower-paid PMI, single-premium PMI, split-premium PMI, FHA loans, and other conventional loan options.
- [Investing in Real Estate in The Virgin Islands](https://gustancho.com/the-virgin-islands/): In recent years, the  United States Virgin Islands have seen an unprecedented boom in tourism. Money started trickling into the island through investments and tourism. This means that even the hospitality industry has directly

## Pages
- [FHA Chapter 13 Bankruptcy Guidelines](https://gustancho.com/fha-chapter-13-bankruptcy-guidelines/): FHA Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for FHA loans for home purchases and refinance during and after Chapter 13 Bankruptcy.  Dustin Dumestre, a senior loan officer and team leader at GCA FORUMS Mortgage Group explains how borrowers can get a mortgage while in a Chapter 13 Bankruptcy repayment plan based on the FHA Chapter 13 Bankruptcy Guidelines:
- [Best Home Purchase Loans to Buy Your Dream Home Today](https://gustancho.com/home-purchase-loans/): Home purchase loans are the financing options that make it possible to buy a home—whether you’re a first-time buyer, upgrading to a bigger place, or purchasing after a credit event. The right loan affects everything: how much house you can afford, how much cash you need upfront, your monthly payment, and even how competitive your offer looks to sellers.
- [Dually Licensed Realtor and MLO Career Opportunity](https://gustancho.com/dually-licensed-realtor-and-mlo/): Are you a real estate agent looking to boost your income, grow your career, and take full control of your deals? Becoming a dually licensed Realtor and MLO might be your smartest move this year. At Gustan Cho Associates, we offer select real estate agents a one-of-a-kind opportunity to become dually licensed and get paid on both sides of the transaction. If you're already helping homebuyers find their dream home, why not help them finance it, too?
- [How To Increase FICO Scores For a Mortgage](https://gustancho.com/how-to-increase-fico/): Buying a home can get frustrating when you are close to qualifying, but your credit score is holding you back. A few points may affect whether you qualify for a loan, how much you need for a down payment, or the mortgage rate offered to you. Learning how to increase FICO before applying for a mortgage is not about shortcuts or opening new accounts at the last minute. The safest approach is usually to lower reported credit card balances, keep every account paid on time, correct any real errors on your credit reports, and avoid taking on new debt while your lender reviews your file. The score you see in a credit app may not be the same score used for a mortgage. Before making major credit moves, ask your loan officer to review your mortgage credit report and help you focus on the changes that make the most sense for your situation.
- [Maine Mortgage Loans: FHA, VA, USDA, Conventional Options](https://gustancho.com/maine-mortgage-loans/): Choosing the right mortgage in Maine is an important step toward owning your home. Whether you want a starter home in Portland or a quiet place in Aroostook County, understanding your options helps you make a confident decision. The guide is organized into clear, easy-to-read sections and uses keywords naturally to help you find the information you need about Maine mortgage loans.
- [Colorado Mortgage Calculator – Estimate Your Monthly Payment](https://gustancho.com/colorado-mortgage-calculator/): Many Colorado homebuyers are surprised when the payment shown on a basic online mortgage calculator does not match the one the lender uses. The reason is simple: principal and interest are only part of the monthly cost. A real Colorado mortgage payment may also include property taxes, homeowners' insurance, HOA dues, private mortgage insurance, FHA mortgage insurance, and other escrow items. In some Colorado areas, insurance can be higher because of wildfire, hail, mountain, or rural property risks. In higher-cost counties, the loan amount may also affect whether the mortgage is conforming or jumbo. That is why buyers should not rely on a calculator that only shows the loan amount, rate, and term. A complete Colorado mortgage calculator should help estimate the full payment before you make an offer, apply for a loan, or assume you qualify
- [Warrantable Condos: Don’t Risk Loan Denial](https://gustancho.com/warrantable-condos/): That is why warrantable condos matter. Warrantable condos are condo projects that meet the financing rules for conventional mortgage loans through Fannie Mae or Freddie Mac. Depending on the loan program, the lender may also need to review FHA, VA, or other investor guidelines. The review can include the condo association, budget, reserves, insurance, litigation, owner-occupancy, investor concentration, commercial space, and other project details.
- [Best South Carolina Mortgage Loans for Buyers](https://gustancho.com/south-carolina-mortgage-loans/): he best South Carolina mortgage loans depend on your credit score, income, debts, savings, military status, property location, and long-term goals. A first-time buyer in Greenville may need a different loan than a veteran buying near Columbia, a self-employed borrower in Charleston, or a rural buyer looking outside the city. Understanding your options before you apply can help you avoid delays, compare programs, and choose the loan that gives you the best chance of approval.
- [VA DTI Manual Underwriting Guidelines on VA Loans](https://gustancho.com/va-dti-manual-underwriting-guidelines/): This guide will break down the VA DTI manual underwriting guidelines so you know exactly what to expect in 2025. In the following paragraphs, we will cover the VA DTI manual underwriting guidelines and how to qualify for a VA loan with high DTI in 2025. Let’s get started!
- [Utah Mortgage Loans Made Simple for Buyers](https://gustancho.com/utah-mortgage-loans/): Choosing the appropriate Utah mortgage loans depends on several factors, including your credit score, income, debt-to-income ratio, down payment, eligibility for military service, the location of the property, and the home's price.
- [Alaska Mortgage Loans Made Simple for Buyers](https://gustancho.com/alaska-mortgage-loans/): This guide explains how Alaska mortgage loans work, what makes Alaska properties different, which loan programs may fit your situation, and how AHFC assistance may help with down payment or closing costs. Whether you are buying in Anchorage, Fairbanks, Wasilla, Juneau, or a rural Alaska community, the right mortgage program can make homeownership more affordable and realistic.
- [VA Guidelines on Charge-Offs and Collections on VA Loans](https://gustancho.com/va-guidelines-on-charge-offs-and-collections/): Veterans may be eligible for a VA loan even if they have outstanding collections or charge-offs, as VA guidelines on charge-offs and collections do not always require them to be settled before closing. However, the final approval depends on the complete loan file. Lenders will assess your credit, income, monthly debts, residual income, and findings from the Automated Underwriting System (AUS). It's not uncommon for some veterans to be denied by one VA lender but approved by another, often because of additional rules known as lender overlays. These overlays could impose more stringent standards, such as a higher credit score, a lower debt-to-income ratio, or the requirement to pay off older collections. Understanding whether the denial was due to VA guidelines, AUS findings, or lender overlays is crucial.
- [Training a New Mortgage Loan Officer Without Any Experience](https://gustancho.com/training-a-new-mortgage-loan-officer/): This guide explores the process of training a new mortgage loan officer, particularly those without prior experience. Gustan Cho Associates offers a streamlined training program tailored for individuals aiming to embark on a career as a mortgage loan officer. Training newcomers in this field poses significant challenges for both mentors and rookies.
- [Types of Mortgages | Traditional and Non-Prime Loan Options](https://gustancho.com/types-of-mortgages/): Are you ready to buy a home but not sure which loan is right for you? You’re not alone. Picking the right mortgage can feel confusing—but it doesn’t have to be. In this guide, we’ll walk you through the most common types of mortgages in 2026 and help you determine which fits your life and budget. At Gustan Cho Associates, we help people every day who thought they couldn’t get approved. Whether your credit is perfect or far from it, there’s a mortgage for you. Let’s break down your options.
- [How Do Lenders Price Mortgage Interest Rates on Home Loans?](https://gustancho.com/mortgage-interest-rates/): Mortgage interest rates are one of the biggest factors in the cost of buying a home or refinancing a mortgage. Even a tiny change in mortgage interest rates can really affect how much you pay each month, your debt-to-income ratio, and the overall interest you'll fork out over the life of your loan.
- [Non-Warrantable Condos](https://gustancho.com/non-warrantable-condos/): But don't worry! In this updated guide for 2024, we'll break down everything you need to know about non-warrantable condos, the mortgage options available, and what it means for you as a borrower. By the end, you'll feel confident about moving forward with your condo purchase or refinance.
- [FHA Refinance Programs Comparison Matrix](https://gustancho.com/fha-refinance-options/): If you are considering refinancing an FHA loan, it helps to know that FHA does not offer a single refinance program. There are several FHA refinance options, each designed for a different goal. Some homeowners want to lower their interest rate or monthly payment. Others want to tap into home equity. Some want to change their loan term, while others want to refinance and pay for repairs at the same time.
- [VA Loans with Tax Lien](https://gustancho.com/va-loans-with-tax-lien/): In this blog, we will learn more about VA Loans with Tax Lien. In real estate and financing, myriad options exist catering to diverse needs and circumstances. One such avenue, especially pertinent to veterans and service members, is the VA (Veterans Affairs) loan program. Designed to ease the path to homeownership for those who have served or are serving in the military, VA loans offer numerous benefits and flexibilities that set them apart from conventional mortgages. However, when tax liens come into play, navigating the terrain can become more complex. In this comprehensive guide, we'll delve into the intricacies of VA loans, shed light on tax liens, and explore how these two elements intersect.
- [Resources](https://gustancho.com/resources/): Gustan Cho Associates created the Resources section for borrowers to have access to important information that can help during the home buying and mortgage process. Resources is the section for borrowers to go for frequently asked questions during the mortgage loan application and approval process. We will post up-to-date information and tools for our viewers and borrowers.
- [VA Streamline Refinance](https://gustancho.com/va-streamline-refinance/): The VA Streamline Refinance, formally recognized as the Interest Rate Reduction Refinance Loan (IRRRL), represents a distinctive financial instrument meticulously crafted to streamline and simplify the refinancing journey for eligible veterans and active-duty military personnel. Within this extensive article, we will delve into the nuances of the VA Streamline Refinance, unraveling its advantages, eligibility prerequisites, application procedures, and crucial considerations for individuals seeking to harness this exclusive opportunity provided by the Department of Veterans Affairs (VA).
- [W-2 Income-Only VA Loans](https://gustancho.com/w-2-income-only-va-loans/): This thorough guide explores the complexities of W-2 Income-Only VA loans, shedding light on how they work, their eligibility criteria, benefits, and potential drawbacks. Achieving homeownership represents a noteworthy milestone in the lives of numerous individuals and families in pursuit of the American Dream. For veterans and service members, achieving this dream can be facilitated through various means, including the VA loan program. While VA loans are well-known for their flexible terms and benefits, a lesser-known option within this program is W-2 Income-Only VA loans.
- [Wyoming Mortgage Loans](https://gustancho.com/wyoming-mortgage-loans/): Wyoming offers numerous strong first-time homebuyer programs to assist individuals with the challenges of becoming homeowners. Home sale prices can vary a lot by state. In Wyoming, prices can also differ significantly by county. For example, Teton County home prices can reach up to $1,249,125 for some programs.  However, because Wyoming has many empty, available, and affordable properties, it remains an attractive state for both first-time and repeat homebuyers. In the following paragraphs, we will cover the different types of Wyoming mortgage loans.
- [Wisconsin Mortgage Loans](https://gustancho.com/wisconsin-mortgage-loans/): This guide covers navigating the home buying journey and going over the various types of Wisconsin mortgage loans. Before exploring loan options and rates, take a moment to familiarize yourself with the key steps involved in buying a home in Wisconsin. From Conventional and FHA to VA, USDA, and WHEDA loans, Wisconsin’s mortgage landscape is full of choices.
- [West Virginia Mortgage Loans](https://gustancho.com/west-virginia-mortgage-loans/): This guide covers buying a home in West Virginia and the type of West Virginia mortgage loans available to borrowers. If you are house hunting in West Virginia, you will find flexible mortgage options designed to help, especially if you are a first-time buyer. Picking the right loan can make qualifying easier, cut upfront expenses, and lock in a great rate—whether you are settling in a quiet small town or a bustling city like Parkersburg, Charleston, or Huntington.
- [Washington Mortgage Loans](https://gustancho.com/washington-mortgage-loans/): This guide covers buying a home in Washington and the various types of Washington mortgage loans. Getting a mortgage in Washington means looking at FHA, VA, USDA, Conventional, non-QM, and jumbo loans, plus help with your down payment, so you can find the best rates and buy your home. Washington mortgage loans can feel overwhelming, especially with the state’s high home prices.
- [South Dakota Mortgage Loans](https://gustancho.com/south-dakota-mortgage-loans/): South Dakota’s housing market remains robust. According to Redfin, the median sale price is approximately $329,100 statewide and $316,000 in Sioux Falls as of November 2025. Prices vary significantly by city, county, and property type. In the following paragraphs, we will cover the various type of South Dakota Mortgage Loans for homebuyers from all walks of life. First-time homebuyers, veteran homebuyers, buyers downsizing, and folks with a growing family will learn from the mortgage experts at GCA Mortgage Group.
- [Rhode Island Mortgage Loans](https://gustancho.com/rhode-island-mortgage-loans/): Explore the world of Rhode Island mortgage loans, from FHA and VA to USDA, Conventional, Non-QM, and Jumbo options. Discover first-time homebuyer programs, down payment assistance, affordable communities, and smart strategies to land the best mortgage rates. All mortgage loans for Rhode Island first-time home buyers & repeat buyers.  Rhode Island mortgage loans for FHA, VA, USDA, Conventional, Non-QM & Jumbo loans, Down payment assistance, and RIHousing programs, and how to get the lowest mortgage loan rates in Rhode Island in 2026.
- [Pennsylvania Mortgage Loans](https://gustancho.com/pennsylvania-mortgage-loans/): This guide reviews Pennsylvania mortgage loans for first-time buyers, including FHA, VA, USDA, Conventional, Non-QM, and Jumbo loans. Comparing these options helps borrowers find competitive rates.
- [Oregon Mortgage Loans](https://gustancho.com/oregon-mortgage-loans/): This guide covers the various types of Oregon mortgage loans. The process of purchasing a home in Oregon can be complex due to the variety of loan options available. Identifying the most suitable mortgage can simplify the experience. This guide details the primary mortgage types, assistance programs, and strategies for securing an affordable home loan in Oregon, addressing the needs of first-time buyers, veterans, and those seeking rural properties.
- [How Can I Qualify For W2-Only Income Mortgages](https://gustancho.com/w2-only-income-mortgages/): Homebuyers with pending income tax returns or significant unreimbursed business expenses may be eligible for W2-only income mortgages. Gustan Cho Associates doesn't mandate income tax returns from borrowers unless the Automated Underwriting System specifically demands a two-year tax return for qualification. We offer W2-Only Income Mortgages on the following loan programs:
- [Oklahoma Mortgage Loans](https://gustancho.com/oklahoma-mortgage-loans/): Oklahoma offers a wide range of Oklahoma mortgage loans, including FHA, VA, USDA, Conventional, Non-QM, and Jumbo options. Discover first-time home buyer programs, down payment assistance, the easiest loans to qualify for, the most affordable cities, and insider tips for snagging the lowest mortgage rates in the state.
- [North Dakota Mortgage Loans](https://gustancho.com/north-dakota-mortgage-loans/): North Dakota mortgage loans encompass FHA, VA, USDA, conventional, non-QM, and jumbo options for first-time buyers. The guide addresses down payment assistance, affordable cities including Bismarck and Minot, approval processes, housing programs, and practical tips.
- [North Carolina Mortgage Loans](https://gustancho.com/north-carolina-mortgage-loans/): This updated guide is your go-to resource for understanding North Carolina mortgage loans, highlighting important loan options. Explore North Carolina mortgage loans with our guide, covering FHA, VA, USDA, conventional, non-QM, and jumbo options.
- [New York Mortgage Loans](https://gustancho.com/new-york-mortgage-loans/): New York mortgage loans for first-time buyers offer accessible approval and low down payment assistance. This guide outlines the most affordable cities and rates, and examines how NYC Mayor Zohran Mamdani's policies may influence homeownership.
- [New Mexico Mortgage Calculator](https://gustancho.com/new-mexico-mortgage-calculator/): Are you thinking about buying a home in New Mexico? One of the first steps is figuring out how much house you can afford. That means knowing your monthly mortgage payment—not just principal and interest, but everything that comes with owning a home. The New Mexico mortgage calculator by Gustan Cho Associates is here to help. It's easy to use, 100% accurate, and gives you the full picture.
- [New Mexico Mortgage Loans](https://gustancho.com/new-mexico-mortgage-loans/): New Mexico mortgage loans include FHA, VA, USDA, conventional, jumbo, and Non-QM options. FHA is often the most flexible for first-time buyers, while VA and USDA can offer zero down for eligible borrowers.
- [New Jersey Mortgage Loans](https://gustancho.com/new-jersey-mortgage-loans/): New Jersey mortgage loans include FHA, VA, USDA, conventional, Jumbo, and non-QM loans. Homeowers, it can be tricky to understand the differences among the various types of New Jersey mortgage loans such as FHA, VA, USDA, Conventional, Jumbo, and Non-QM New Jersey mortgage loans.
- [New Hampshire Mortgage Loans](https://gustancho.com/new-hampshire-mortgage-loans/): This guide explains New Hampshire’s most popular home loans, who they work best for, and gives helpful tips to get the best rates and get approved. New Hampshire Mortgage loans include FHA, VA, USDA, conventional, non-QM, and jumbo loans. New Hampshire first-time homebuyer programs, down payment assistance, affordable cities, and tips for New Hampshire home loans
- [Nebraska Mortgage Loans](https://gustancho.com/nebraska-mortgage-loans/): Building a roadmap to homeownership in Nebraska starts with identifying financing options. Are you a first-time homebuyer? Maybe you are a veteran or even looking to enjoy an upgrade. This guide will help you pinpoint Nebraska mortgage loans, home state assistance mortgage programs, plus tips to help you get the best rates and terms on your home financing in the Cornhusker State.
- [Missouri Mortgage Loans](https://gustancho.com/missouri-mortgage-loans/): Learn about Missouri mortgage loans and programs: FHA, VA, USDA, conventional, non-QM, first-time homebuyer, down payment assistance, new to Missouri, and best cities to buy a house and home loans.
- [Mississippi Mortgage Loans](https://gustancho.com/mississippi-mortgage-loans/): Buying a home in Mississippi is often more affordable than in many other states. The best mortgage loan for you will depend on your credit, down payment, and where you want to buy. Mississippi also has state and local assistance programs that can help lower your upfront costs if you qualify. Mississippi mortgage loans made easy:
- [Michigan Mortgage Loans](https://gustancho.com/michigan-mortgage-loans/): With Gustan Cho Associates, you might even get a loan without some of the extra rules other lenders have. In this guide, you’ll discover Michigan’s loan options, learn how down payment assistance can make homeownership more affordable, and find tips for locking in the best possible rate. In the following paragraphs, we will cover the various types of Michigan mortgage loans.
- [Massachusetts Mortgage Loans](https://gustancho.com/massachusetts-mortgage-loans/): Find all the details on Massachusetts mortgage loans, including FHA, VA, USDA, conventional, non-QM, and jumbo options. Learn about first-time buyer programs, down payment help, top rates, and the most affordable cities to buy a home.
- [Louisiana Mortgage Loans](https://gustancho.com/louisiana-mortgage-loans/): In this guide, we will cover buying a house in Louisiana and the types of Louisiana mortgage loans on the market. GCA Mortgage Group is a national mortgage broker and correspondent lender licensed in 48 states (MA and NY Not Licensed) including the state of Louisiana. This Louisiana mortgage loans guide features easy-to-follow sections, helpful keywords, and user-friendly content designed to inform and empower both homebuyers and online searchers.
- [Kentucky Mortgage Loans](https://gustancho.com/kentucky-mortgage-loans/): This guide will cover buying a house in Kentucky and the financing options mortgage borrowers have on the types of Kentucky mortgage loans. Kentucky’s housing market is one of the most affordable in the country, with average home prices around $192,300, which is much lower than the national average. This makes it easier for many people to buy a home.
- [Kansas Mortgage Loans](https://gustancho.com/kansas-mortgage-loans/): This guide covers buying a house in Kansas and the various types of Kansas mortgage loans available for borrowers. Discover everything you need to know about Kansas mortgages, with easy-to-follow guidance and tailored tips to help you quickly find the right loan for your needs.
- [Iowa Mortgage Loans](https://gustancho.com/iowa-mortgage-loans/): Iowa mortgage loans open the door to homeownership for all kinds of buyers, no matter your credit story. From FHA and VA to USDA, conventional, non-QM, and jumbo loans, there is a solution for nearly every situation. In this guide, you will discover first-time home buyer programs, down payment assistance, and smart ways to lock in a great rate—even if your credit is less than perfect.
- [Indiana Mortgage Loans](https://gustancho.com/indiana-mortgage-loans/): This guide covers buying a home in Indiana and the various options you have to choose from Indiana mortgage loans. Whether you are buying your first home, moving up, or overcoming credit hurdles, Indiana offers a wide range of mortgage options. From FHA and VA to USDA, conventional, non-QM, and jumbo loans, there is a solution for nearly every situation.
- [Illinois Mortgage Loans](https://gustancho.com/illinois-mortgage-loans/): In this guide, we will cover buying a home in Illinois and everything about Illinois mortgage loans. We will explore everything you need to know about Illinois mortgage loans, from FHA and VA to USDA, Conventional, non-QM, and Jumbo options.
- [Idaho Mortgage Loans](https://gustancho.com/idaho-mortgage-loans/): Discover FHA, VA, USDA, Conventional, non-QM, and Jumbo loans tailored to help you find your perfect Idaho home. In this guide on Idaho mortgage loans,
- [Montana Mortgage Loans](https://gustancho.com/montana-mortgage-loans/): Explore the world of Montana mortgage loans, from FHA and VA to jumbo and non-QM options. Discover down payment assistance, first-time buyer programs, and smart ways to lock in great rates across Montana’s most budget-friendly areas.
- [Hawaii Mortgage Loans](https://gustancho.com/hawaii-mortgage-loans/): This guide provides a clear overview of Hawaii mortgage loans, including FHA, VA, and USDA options. Use the simple headings to quickly find the information you need. Buying a home in Hawaii, like anywhere else, has its pros and cons. The median home price in Hawaii for the first 3 quarters of 2024 was $965,000. To be a successful homeowner in Hawaii, you need to know mortgage options to make more efficient economic decisions.
- [Georgia Mortgage Loans](https://gustancho.com/georgia-mortgage-loans/): Discover Georgia mortgage loans for first-time and move-up buyers. Explore FHA, VA, USDA, Conventional, Non-QM, and Jumbo loans, down payment assistance, housing programs, and tips for securing the best rate in 2026.  The housing market in Georgia offers numerous options for homebuyers seeking mortgages. First-time and seasoned buyers alike will need to have a good understanding of Georgia mortgages.
- [Florida Mortgage Loans](https://gustancho.com/florida-mortgage-loans/): Learn about Florida mortgage loans such as VA, USDA, FHA, conventional, non-QM, jumbo loans, down payment assistance, first-time homebuyer programs, and the best Florida home loan rates in 2025.
- [Minnesota Mortgage Loans](https://gustancho.com/minnesota-mortgage-loans/): Minnesota mortgage loans offer a range of flexible financing plans, particularly for first-time homebuyers. Direct homeownership is attainable for many families through these programs. The guide also details Minnesota mortgage loans, including down payment assistance and other home loan assistance programs designed to make homeownership more affordable.
- [Delaware Mortgage Loans](https://gustancho.com/delaware-mortgage-loans/): This guide to Delaware mortgage loans covers key loan types, tips for first-time buyers, and current rates. Everything is explained in a clear and simple way. Purchasing a home in Delaware requires understanding your financing options. Whether buying a beach property in Sussex County or a historic home in New Castle, choosing the right mortgage is essential.
- [Connecticut Mortgage Loans](https://gustancho.com/connecticut-mortgage-loans/): This guide covers buying your first-home and the various types of Connecticut mortgage loans. Understanding your mortgage options is essential when buying a home in Connecticut. Whether you are a first-time buyer in Hartford or seeking a luxury property in Fairfield County, choosing the right loan is crucial. GCA Mortgage  Group is a licensed full-service mortgage broker and correspondent lender licensed in 48 states including the state of Connecticut.
- [Ohio Mortgage Loans](https://gustancho.com/ohio-mortgage-loans/): Interest rates on jumbo Ohio mortgage loans are higher than conforming traditional loans. Borrowers are usually asked to show cash reserves covering 6 to 12 months of payments to prove financial strength.
- [Colorado Mortgage Loans](https://gustancho.com/colorado-mortgage-loans/): This guide cover the 2026 homebuyers guide to Colorado mortgage loans. Choosing the right mortgage in Colorado can be a complex process. Whether buying in Denver or a mountain region, selecting the right loan is essential. Colorado offers government-backed and conventional loans to meet the diverse needs of buyers. This updated guide highlights Colorado Mortgage Loans and is designed to help you find information easily online.
- [California Mortgage Loans](https://gustancho.com/california-mortgage-loans/): This guide covers buying a home in California and California mortgage loans. Before examining mortgage types, it's essential to understand California's lending limits. The FHFA set the 2026 baseline conforming loan limit at $832,750 for single-family homes; however, many counties exceed this limit due to high housing costs. For example, San Diego County's limit for 2026 is $1,104,000. The FHA also sets limits, with a floor of $541,287 and a ceiling of $1,249,125 in high-cost counties. Loans between these amounts in high-cost areas are referred to as FHA High-Balance or FHA Jumbo loans.
- [Arkansas Mortgage Loans](https://gustancho.com/arkansas-mortgage-loans/): This guide on Arkansas Mortgage Loans provides an overview of mortgage loan options in Arkansas, including FHA, VA, USDA, Conventional, Non-QM, and Jumbo loans.
- [Arizona Mortgage Loans](https://gustancho.com/arizona-mortgage-loans/): Arizona mortgage loans for 2026 are now available, including FHA, VA, USDA, Conventional, Jumbo, and Non-QM options. This overview covers DPA programs, first-time homebuyer programs, and strategies to secure competitive rates in Phoenix, Tucson, and Maricopa County.
- [Alabama Mortgage Loans](https://gustancho.com/alabama-mortgage-loans/): Reach out today and let us review your scenario for FHA, VA, conventional, and non-QM Alabama mortgage loans with no lender overlays on government loans
- [Virginia Mortgage Loans](https://gustancho.com/virginia-mortgage-loans/): This guide covers Virginia mortgage loans for homebuyers. FHA, VA, USDA, Conventional, Jumbo, and non-QM loans for homebuyers in Virginia. Buying a house in Virginia is a big step. Whether you are looking into Richmond, Virginia Beach, Arlington, or Shenandoah Valley, you need a home mortgage loan to help finance your new goal. Your loan will help determine your payment, the length of your payment, and your total expenses for homeownership.
- [Vermont Mortgage Loans](https://gustancho.com/vermont-mortgage-loans/): This guide covers a clear and well-organized overview of Vermont mortgage loans, blending expert terminology with easy-to-follow sections to create a comprehensive and accessible resource. Vermont mortgage loans encompass FHA, VA, USDA, Conventional, Non-QM, and Jumbo options. This guide explains which loans are most accessible, where to find affordable homes, how to obtain down payment assistance, and strategies for securing the best rates.
- [Texas Mortgage Loans](https://gustancho.com/texas-mortgage-loans/): Reach out today and let us review your file for FHA, VA, conventional, jumbo, and non-QM Texas mortgage loans with no lender overlays on government loans
- [Tennessee Mortgage Loans](https://gustancho.com/tennessee-mortgage-loans/): This guide from GCA Mortgage Group, part of Gustan Cho Associates, explains Tennessee mortgage loans. Knowing your options matters, whether you’re buying your first home or investing in real estate. Tennessee offers various loan programs tailored to different credit scores and financial needs.
- [Conventional Loan After Chapter 7 Bankruptcy Mortgage Guidelines](https://gustancho.com/conventional-loan-after-chapter-7-bankruptcy/): There's a common misconception that only those with excellent credit scores can secure a conventional loan, while FHA loans are reserved for borrowers with poorer credit. However, this belief needs to be revised. Both conventional and FHA loans operate under distinct lending guidelines. Dale Elenteny,a senior mortgage loan originator and an associate contributing editor at GCA Forums says the following about conventional loan after Chapter 7 bankruptcy mortgage guidelines.
- [New-Hire MLO Opportunity at Gustan Cho Associates](https://gustancho.com/new-hire/): Gustan Cho Associates accepts qualified licensed new-hire loan officers. The team at Gustan Cho Associates,, Inc. has a national reputation for being able to do loans other mortgage lenders cannot do.
- [USDA Home Loan Requirements: Get Answers in 5 Minutes](https://gustancho.com/usda-home-loan-requirements/): USDA loans offer 100% financing (no down payment) for eligible buyers purchasing in USDA-approved rural and select suburban areas. This guide breaks down the real USDA home loan requirements—income limits, credit/DTI guidelines, property rules, and the USDA eligibility map—so you can quickly tell if you qualify and what to do next.
- [First-Time Homebuyer FAQs | Mortgage Approval Process](https://gustancho.com/first-time-homebuyer-faqs/): In this first-time homebuyer FAQs guide, we will cover the common frequently asked questions by first-time homebuyers. Gustan Cho Associates get countless inquiries from first-time homebuyers about qualifying for a mortgage and the mortgage process. Most of our first-time homebuyer FAQs are similar questions.
- [VA Home Loan Requirements](https://gustancho.com/va-home-loan-requirements/): VA home loans are among the most powerful benefits available to eligible veterans, active-duty service members, and certain surviving spouses—often offering 0% down, no monthly mortgage insurance, and more flexible credit guidelines than many other programs. This guide breaks down VA home loan requirements in plain English, including eligibility, the Certificate of Eligibility (COE), credit and income basics, residual income, high DTI approvals, and what to do if you were denied by another lender. Important: The VA sets the baseline guidelines, but many lenders add stricter rules called lender overlays (higher credit score requirements, lower DTI limits, stricter collections policies, etc.). Gustan Cho Associates follows VA agency guidelines and works with lenders that keep overlays to a minimum, which is why many borrowers who were turned down elsewhere can still get approved here.
- [No Doc Loans: Easy Ways to Qualify With Less Paper](https://gustancho.com/no-doc-loans/): True no doc loans are rare today. Most borrowers searching for no doc loans are really looking for low-doc or alternative-documentation mortgage options such as bank statement loans, DSCR loans, and asset depletion loans.
- [Career Opportunities at NEXA Lending](https://gustancho.com/career-opportunities/): In this guide on NEXA career opportunities, we will discuss why there are no better career opportunities in the mortgage industry than at NEXA Lending. NEXA Lending, LLC has a lending network of over 280 wholesale mortgage lenders. Not only do we have dozens of lending networks with dozens of wholesale investors with no overlays on government and conventional loans.
- [Best Small Business Loans for Low Credit Scores](https://gustancho.com/small-business-loans/): Are you a small business owner looking for funding to grow your business? Getting approved for small business loans can help you move forward, whether you're just starting or trying to expand. In this updated 2026 guide, we'll break down the loan process in simple steps, explain your best options, and show you how to qualify—even if banks have turned you down.
- [Non-Qualified Mortgages: Get Approved When Banks Say No](https://gustancho.com/non-qualified-mortgages/): Are you self-employed, have credit challenges, or have recently filed for bankruptcy or foreclosure? If you've been told "no" by traditional lenders, it's time to look into non-qualified mortgages. These are flexible loan options designed for people who don't fit inside the standard mortgage box. John Strange, a senior mortgage loan originator at Gustan Cho Associates, says the following about non-QM mortgages:
- [No-Doc Mortgage Loans For Self-Employed With No Tax Returns](https://gustancho.com/no-doc-mortgage-loans/): This guide covers no-doc mortgage loans for self-employed borrowers with no tax returns. It is often a difficult task for many self-employed persons to acquire mortgage loans. Traditional mortgages usually require long paperwork, including tax returns, which may be a problem in cases of those who do not have the regular income verification. This is where No-Doc Mortgage Loans come in handy.
- [FHA Loan Limits](https://gustancho.com/fha-loan-limits/): This guide will discuss the FHA loan limits for standard and high-cost counties throughout the 50 states. Each state has FHA loan limits based on the county. HUD, the parent of FHA, sets the annual maximum FHA loan limits in standard and high-cost counties in the U.S.
- [Jumbo DTI Mortgage Calculator](https://gustancho.com/jumbo-dti-mortgage-calculator/): Are you looking to buy a high-end home but unsure if your income and debt qualify? Use our jumbo DTI mortgage calculator to get real answers—fast.
- [Foreign National Loans](https://gustancho.com/foreign-national-loans/): Foreign National Loans enable non-U.S. citizens to purchase or refinance property in the United States, even if they lack a U.S. credit history, income documentation, or a Social Security number. At Gustan Cho Associates, we help foreign national borrowers qualify by using alternative paperwork and flexible guidelines, especially when traditional banks are unable to help.
- [No SSN? ITIN Mortgage Loans Can Help You Own a Home](https://gustancho.com/itin-mortgage-loans/): Are you working in the U.S. and paying taxes with an ITIN number instead of a Social Security Number? Want to buy a home but worried you can’t get a mortgage? The good news is you can. This guide will walk you through how ITIN mortgage loans work, who qualifies, what documents you need, and how to get approved, even if other lenders have told you no.
- [Mortgage Videos & Guides](https://gustancho.com/videos/): Watch in‑depth mortgage video and guides from Gustan Cho Associates covering FHA, VA, conventional, USDA, jumbo, non‑QM, credit challenges, self‑employed borrowers, and real‑estate investors. Learn guidelines, approvals, and the full home loan process in easy‑to‑follow video explainers.
- [FHA Home Loans: 2026 Guide to Benefits and Requirements](https://gustancho.com/fha-home-loans/): Welcome to your ultimate guide on FHA Home Loans! This resource is here to answer all your burning questions about qualifying for and getting approved for these fantastic loans. It's important to note that different lenders may have unique requirements for FHA loans, but don't worry—FHA loans are praised nationwide for their flexible criteria and low down payment options!
- [Remote MLO Career Opportunities You Can Start Today](https://gustancho.com/remote-mlo-career-opportunities/): If you’re an experienced mortgage loan officer looking for remote MLO career opportunities, you’ve found the right place. At Gustan Cho Associates, powered by NEXA Mortgage LLC, we’re not just offering a job — a career that gives you freedom, flexibility, and the tools to succeed. Christy Hembree, a senior mortgage loan originator at Gustan Cho Associates, says the following about remote MLO career opportunities at GCA Mortgage Group:
- [One-Time Close Construction Loan: One Closing, Big Relief](https://gustancho.com/one-time-close-construction-loan/): A one-time close construction loan (also called a construction-to-permanent loan) lets you buy land, pay for construction, and roll everything into one long-term mortgage with a single closing. Instead of getting a short-term construction loan and then refinancing later, you close once up front and the loan transitions to the permanent mortgage after the home is finished—helping you save time, reduce duplicate closing fees, and simplify the process.
- [FHA Loan With Judgment Mortgage Guidelines](https://gustancho.com/fha-loan-with-judgment/): If you have a judgment against you, rest assured that options are still available to explore. This guide will cover everything you need to know about getting an FHA loan with judgment in 2025, including updated guidelines, actionable steps, and how Gustan Cho Associates can help.
- [Tax Settlement For Mortgage Borrowers With Tax Liens](https://gustancho.com/tax-settlement/): Most tax software programs run error checks and detect any red flags. These processes are not foolproof. So what happens if you make a mistake? John Strange of Gustan Cho Associates says the following about tax settlements for mortgage borrowers with tax liens:
- [FHA W-2 Income Only Mortgage With No Income Tax Returns](https://gustancho.com/fha-w-2-income-only-mortgage/): The FHA W-2 Income Only Mortgage Lending Guidelines provide a pathway for borrowers to qualify for an FHA loan based solely on W-2 income, without the requirement of submitting income tax returns. Conventional and FHA loans stand out as the most widely used among the various mortgage loan programs available today.
- [FHA Guidelines on Charge-Offs and Collection](https://gustancho.com/fha-guidelines-on-charge-offs-and-collections/): In this guide, we will discuss the FHA guidelines on charge-offs and collections, crucial information for anyone seeking an FHA loan. These guidelines allow individuals with outstanding charge-offs and collection accounts to qualify for FHA financing. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about FHA guidelines on charge-offs and collections:
- [FHA Streamline Refinance Mortgage Guidelines](https://gustancho.com/fha-streamline-refinance-mortgage/): The FHA streamline refinance mortgage is a fast refi option reserved for homeowners already carrying FHA loans. The main goal is to lower the interest cost and free up cash with as little documentation as possible. The process skips a home appraisal, a full credit overhaul, and usually in-depth income verification. With rates expected to dip further, it is wise to investigate this program now, and Gustan Cho Associates is here to advise you.
- [FHA Manual Underwriting Mortgage Guidelines](https://gustancho.com/fha-manual-underwriting-mortgage-guidelines/): This guide will break down everything you need to know about FHA manual underwriting mortgage guidelines in 2026F, including credit score requirements, compensating factors, and verification of rent.
- [FHA DTI Mortgage Calculator](https://gustancho.com/fha-dti-mortgage-calculator/): Borrowers can calculate their front-end and back-end debt-to-income ratio for FHA loans using the FHA DTI Mortgage Calculator powered by Gustan Cho Associates. FHA loans are the most popular loan program for first-time homebuyers, borrowers with bad credit, and borrowers with high debt-to-income ratios. HUD, the parent of FHA, has a maximum front-end and back-end debt-to-income ratio cap on FHA loans.
- [Investment Property Loans | Non-QM, DSCR, No-Doc Mortgages](https://gustancho.com/investment-property-loans/): Others need non-QM investment property loans with more flexible underwriting, such as DSCR loans (based on the property’s cash flow), bank statement loans, or alternative documentation programs.
- [NMLS Approved MLO License School](https://gustancho.com/mlo-license-school/): Choose the right NMLS Approved MLO license school and get the inside scoop on MLO requirements, courses, and exam prep to kick off a successful mortgage career.
- [How To Reach a Human at The Credit Bureaus](https://gustancho.com/how-to-reach-a-human-at-the-credit-bureaus/): This guide covers how to reach a human at the credit bureaus on the phone. Sometimes it is impossible to reach a human at the credit bureaus. This holds especially true at Experian. Gustan Cho Associates has tricks of the trade for our viewers to get a hold of a human customer service representative at credit bureaus for our viewers in a matter of minutes and save minutes. In this article we will cover the following:
- [Mortgage Blog & Real Estate News](https://gustancho.com/blog/)
- [Contact Us | Get Pre-Approved](https://gustancho.com/contact-us/): 80% of our borrowers who contact us at Gustan Cho Associates have gotten last-minute mortgage denials from other lenders or were told they could not qualify due to their lender overlays. Other borrowers were referred to us because they had no luck finding a mortgage lender with the mortgage loan program they were looking for. Many could not find a niche lender with mortgage loan products such as non-QM loans and/or alternative mortgage programs.
- [Simple Guide to Commercial Real Estate Loans](https://gustancho.com/commercial-real-estate-loans/): Thinking about buying a rental building, retail store, or office space? You might need a commercial real estate loan to make it happen. Commercial real estate loans are built for business and investment properties, unlike home loans. In this guide, we'll explain what they are, the types of loans you can get, and how to qualify for one with Gustan Cho Associates.
- [How to Use Asset Depletion to Qualify for a Mortgage](https://gustancho.com/how-to-use-asset-depletion-to-qualify-for-a-mortgage/): At Gustan Cho Associates, we assist individuals who have been rejected by other lenders, particularly those with complex financial situations. This guide shows you how to use asset depletion to get a mortgage, including which assets count, how income is figured out, and how to get ready for approval. In the following paragraphs, we will cover how to use asset depletion to qualify for a mortgage.
- [Why Choose Us As Your Mortgage Advisors?](https://gustancho.com/why-choose-us/): Gustan Cho Associates is the lender that turns "maybe" into "yes" and gets you closed fast. With 280 wholesale lending partners and 7-day support licensed in 48 states, you’ll get competitive rates and the green light, even with denials in your past.   In the following paragraphs, we will cover why choose us as your mortgage advisors.

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- [Anant Patel](https://gustancho.com/?p=167476): Anant Patel is a licensed Mortgage Loan Originator at Gustan Cho Associates, a mortgage brokerage under NEXA Mortgage, LLC (Company NMLS 1660690, Branch NMLS 2315275), licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands (not licensed in NY or MA).
- [Tanhia Romero](https://gustancho.com/?p=167475): Tanhia Romero is a licensed Mortgage Loan Originator at Gustan Cho Associates, a mortgage brokerage under NEXA Mortgage, LLC (Company NMLS 1660690, Branch NMLS 2315275), licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands.
- [Sonny Walton](https://gustancho.com/?p=166975): Sonny Walton is a Mortgage Loan Officer and Real Estate Broker at Gustan Cho Associates, powered by NEXA Mortgage, LLC, based in Houston, Texas.
- [Anngelli Abenes](https://gustancho.com/?p=163907): Anngelli Abenes is a Content Writer and Virtual Assistant at Gustan Cho Associates (GCA).
- [Ethel Matthews](https://gustancho.com/?p=145463): Ethel Matthews is a licensed Mortgage Loan Originator and dually licensed Realtor at Gustan Cho Associates, a mortgage brokerage under NEXA Mortgage, LLC (Company NMLS 1660690, Branch NMLS 2315275), licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands.
- [John Strange](https://gustancho.com/?p=145462): John has over three decades of experience that he loves to apply to each transaction, which translates into incredible guidance in the loan experience.
- [Angie Torres](https://gustancho.com/?p=145457): Angie Torres is the National Operations Director at Gustan Cho Associates (GCA).
- [Margarett Jurilla](https://gustancho.com/?p=145447): Marga Jurilla is the Executive Assistant for Gustan Cho. Margarett Jurilla is the eyes and ears of the operations at Gustan Cho Associates  Marga is the go-to person if any licensed and/or support personnel has a problem that needs to get resolved or answered. 
- [Sapna Sharma](https://gustancho.com/?p=145446): Sapna Sharma is Gustan Cho Associates’s Chief Technical Officer and Website Designer and Developer for all of the Gustan Cho Associates websites.
- [Dale Elenteny](https://gustancho.com/?p=145444): Dale Elenteny is one of three regional managing directors at Gustan Cho Associates Dale is a top-producing mortgage loan originator. Dale brings almost 30 years of experience in the mortgage business to Gustan Cho Associates.
- [Michael Gracz](https://gustancho.com/?p=145442): Mike Gracz is a seasoned veteran licensed mortgage loan originator as well as a loan officer assistant to Gustan Cho NMLS 873293. Mike Gracz NMLS 1160212 is also an associate contributing editor at Gustan Cho Associates Mike’s expertise is being able to do FHA and VA loans with credit scores down to 500 FICO, manual underwrite, and helping borrowers who could not qualify at other mortgage companies. 
- [Alex Carlucci](https://gustancho.com/?p=145438): Alexander Thomas Carlucci is one of three regional managing directors at Gustan Cho Associates Alex Carlucci’s duties as a regional managing director are being an advisor between Gustan Cho Associates  Group and corporate headquarters at NEXA Mortgage LLC in Chandler, Arizona. Alex is also a top-producing mortgage loan originator.
- [Gustan Cho](https://gustancho.com/?p=145430): Gustan Cho NMLS 873293 is in charge of the operations and personnel of Gustan Cho Associates Empowered By NEXA Mortgage LLC,  Oakbrook Terrace, Illinois Branch. Gustan Cho Associates is a dba of NEXA Mortgage LLC (not a dba in the state of Georgia).

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- [Commercial Loan Programs at Lending Network](https://gustancho.com/?p=149303): Gustan Cho Associates offers commercial loan programs through its subsidiary Lending Network. Lending Network, headed by Nelson Thompson (President of Mortgage Sensei) and Gustan Cho is a full service one-stop shop commercial mortgage broker and correspondent lender. We understand that getting a commercial loan can be challenging, especially if you have been turned down by other lenders due to low credit score, high debt-to-income ratio, insufficient collateral, or lack of business experience.
- [Residential Bridge Loans: A Possible Path to Your Dream Home](https://gustancho.com/?p=148593): This is where residential bridge loans may allow the homeowner to purchase a new home.
- [U.S. GDP Surges Ahead in the Second Quarter of 2023](https://gustancho.com/?p=148432): The U.S. economy has been through a washing machine-like scenario over the past few years, but the second quarter of 2023 has provided hope as we experienced a more-than-expected 2.4% GDP growth. Despite the challenges posed by the ongoing recovery from the COVID-era pandemic and other economic perils, the nation's economy has shown resilience, making significant strides toward stability and growth.
- [Will Rates Go up through the rest of 2023?](https://gustancho.com/?p=148400): To get the inflation rate to decrease, interest rates were increased in hopes of seeing a cooling of U.S. inflation percentages. Which is exactly what has happened.
- [Bridging the Gap to Homeownership with FHA Down Payment Assistance Programs & Conventional Loan Programs](https://gustancho.com/?p=148278): I will discuss the benefits of FHA down payment assistance programs for anyone who is FHA qualified to purchase a home. Or who are looking for a Conventional loan program to help ease the burden.
- [USDA COVID-19 Special Relief Measure Extended](https://gustancho.com/?p=148149): The USDA has extended the COVID-19 Special Relief Measure for its Single-Family Housing Guaranteed Loan borrowers until September 30, 2023. This measure offers new alternatives for borrowers facing financial hardship due to the pandemic. Here are some of the details and benefits of this measure.
- [FHA Loans Updates 2023](https://gustancho.com/?p=148132): You may have heard of FHA loans if you're in the market for a new home or refinance. The Federal Housing Administration (FHA) provides loans to help people become homeowners, and they have recently changed their policies.
- [Largest TEXAS Property Tax Cut in State’s History](https://gustancho.com/?p=148107): Breaking NEWS on the largest TEXAS property tax cut in the state's history. There were many talks about Texas eliminating property tax for the single-family primary homes of Texas homeowners. All owners of real estate property, whether owner-occupant primary homes, second homes, investment homes, or commercial properties, are required to pay property taxes. Every city, county, and state has its property tax requirements. Every jurisdiction has its property tax bill. Property taxes are based on the valuation of the subject property and the municipalities expenses. The more the individual municipality spends, the more the property tax bill for each property owner. There are property taxes for all homes in every state.  Stay tuned for more updates about this breaking news on the largest Texas Property Tax Cut in State's History.
- [The Most In-Demand Mortgage in the US](https://gustancho.com/?p=148110): If you are looking for a mortgage to buy a home in the US, you might be wondering what the most popular and affordable options are. There are many mortgage loans for home buyers, each with advantages and disadvantages. In this blog post, we will explore the most in-demand mortgage in the US and why it might be the best choice for you.
- [Opportunities for First-Time Homebuyers in 2023](https://gustancho.com/?p=147989): The dream of owning a home in 2023 is becoming a reality for many first-time homebuyers. Innovative programs and financial incentives, coming from several prominent lenders including UWM, EPM, and PennyMac among others are helping first-time homebuyers realize their dreams of owning a home in 2023.
- [The Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP): How Does It Work](https://gustancho.com/?p=147983): If you are a veteran with a disability, you may face some challenges in your daily life at home. You may need help getting in and out of your house, moving around your rooms, or using your appliances. You may need more space, better lighting, or a safer environment. Whatever your needs are, there is a program that can help you make your home more accessible and comfortable for you and your family.
- [Rising Mortgage Rates in July: What You Need to Know](https://gustancho.com/?p=147966): Get ready for some insights on mortgage rates this year! While there's a good chance they'll go down eventually, it's unlikely to happen in July. Instead, brace yourself for a slight increase or a relatively stable situation throughout the summer.
- [The Crossroads of Divorce and Home Refinancing in the United States](https://gustancho.com/?p=147876): This week’s Gustan Cho Associates NEWS wrap-up update is from Dustin Dumestre, host and director of Friday’s Mortgage Minutes is The Crossroads of Divorce and Home Refinancing in the United States:
- [The Current State of the U.S. Housing Market in 2023](https://gustancho.com/?p=147879): The U.S. housing market has consistently been an economic indicator, reflecting the aspirations and financial well-being of the U.S. population and the overall health of the U.S. economy. The housing market has experienced significant challenges recently, with 2023 no exception. In this blog, we will delve into the current state of the U.S. housing market, exploring key trends, factors influencing the market, and potential implications for prospective homeowners and investors.
- [Ginnie Mae Bailout For Servicers To Stabilize Mortgage Industry](https://gustancho.com/?p=150801): BREAKING NEWS: Ginnie Mae Bailout For Servicers To Stabilize Mortgage Industry
- [The Fed Will Not Raise Rates But Bonds Ignores The News](https://gustancho.com/?p=150806): This Breaking News Is About The Fed Will Not Raise Rates But Bonds Ignores The News