Conventional Loan After Chapter 7 Bankruptcy
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Conventional Loan After Chapter 7 Bankruptcy Mortgage Guidelines

ByGustan Cho Posted on

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. Credit history, including past issues like bankruptcy or foreclosure, doesn’t directly affect…

Refinancing During Chapter 13 Bankruptcy
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Refinancing During Chapter 13 Bankruptcy Repayment

ByGustan Cho Posted on

This article will discuss and cover refinancing during Chapter Bankruptcy repayment plans on FHA and VA loans. FHA and VA loans are the only two mortgage loan programs that allow borrowers refinancing during Chapter 13 Bankruptcy repayment plan. Chapter 13 Bankruptcy can be active and must not be discharged. VA and FHA refinancing during Chapter…

HUD Bankruptcy Guidelines
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HUD Bankruptcy Guidelines After Chapter 7 And Chapter 13

ByGustan Cho Posted on

This article will discuss HUD bankruptcy guidelines following Chapter 7 and Chapter 13 bankruptcy, particularly about FHA loans. HUD Bankruptcy Guidelines affirm that individuals can become eligible for FHA loans after Chapter 7 and Chapter 13 Bankruptcy filings. Many prospective homebuyers, particularly those entering the market for the first time, may erroneously believe that obtaining…

Sell and Buy House at Same Time During Chapter 13 Bankruptcy
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How to Buy and Sell a House While in Chapter 13 Bankruptcy

ByGustan Cho Posted on

In this blog, we will cover and discuss how to buy and sella house while in Chapter 13 Bankruptcy. Borrowers can buy and sell a house while in Chapter 13 bankruptcy without the Chapter 13 Bankruptcy being discharged. Borrowers would need trustee approval which is normally never a problem. Chapter 13 Bankruptcy repayment is generally…

FHA Credit Guidelines
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FHA Credit Guidelines | Guide For FHA Loan Approval

ByDale Elenteny Posted on

In this article, we will discuss and cover the FHA credit guidelines on how to get qualified for an FHA loan..  This will include how to get an approve/eligible per automated underwriting system and what credit guidelines are required on manual underwriting. we will cover the newest updates on recent late payments in the last…

Mortgage with Recent Derogatory Credit
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Mortgage With Recent Derogatory Credit in the Past 12 Months

ByGustan Cho Posted on

In this article, we will cover and discuss qualifying for a mortgage with recent derogatory credit with our non-QM loan programs. Homebuyers can qualify for a mortgage with recent derogatory credit at Gustan Cho Associates with our non-QM loan program. What is recent significant derogatory credit? Here are examples of issues when it comes to…

Waiting Period To Qualify For a Mortgage
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Waiting Period to Qualify For a Mortgage After Foreclosure

ByGustan Cho Posted on

This guide cover the waiting period to qualify for a mortgage loan after foreclosure. Homeowners who had a prior foreclosure and are ready to purchase another home have to meet the waiting period to qualify for government and conventional loans. FHA loans and Conventional loans are the most popular loan programs in the U.S. Gustan…

Manual Underwriting During Chapter 13 Mortgage Process
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Manual Underwriting During Chapter 13 Mortgage Process

ByGustan Cho Posted on

In this article, we will discuss and cover manual underwriting during Chapter 13 mortgage process. Homebuyers can qualify for an FHA loan or VA loan while in an active Chapter 13 Bankruptcy repayment plan via manual underwriting. Manual underwriting is only allowed on FHA and VA loans. No other loan program permits manual underwriting.  There…

Things to Know Before Filing Bankruptcy
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Things To Know Before Filing Bankruptcy

ByGustan Cho Posted on

This guide cover the things to know before filing bankruptcy for future homebuyers. There are things to know before filing bankruptcy. Many Americans are still under the impression that bankruptcy is very bad. They often do not know the benefits of bankruptcy and how you can get credit after bankruptcy. Bankruptcy rates soared after the…

Buying House While In Chapter 13 Bankruptcy
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Buying House While In Chapter 13 Bankruptcy

ByGustan Cho Posted on

This blog post will explore Buying House While In Chapter 13 Bankruptcy. Chapter 13 Bankruptcy involves a structured five-year repayment plan before receiving a discharge. The good news is that potential homebuyers must only delay their plans to qualify for a mortgage once the bankruptcy is fully discharged. Instead, the bankruptcy trustee needs to approve…

FHA Loan During Chapter 13 Bankruptcy in Arizona
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FHA Loan During Chapter 13 Bankruptcy in Arizona

ByGustan Cho Posted on

In this article, we will discuss and cover qualifying for an FHA loan during Chapter 13 Bankruptcy in Arizona. Not all lenders in Arizona allow borrowers to qualify for an FHA loan during the Chapter 13 Bankruptcy repayment plan. Gustan Cho Associates has no overlays for borrowers to qualify for an FHA loan during Chapter…

Waiting on Short Sale To Qualify For FHA Loans
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No Waiting Period on Short Sale Mortgage Guidelines

ByAlex Carlucci Posted on

This article cover no waiting period on short sale mortgage guidelines. For those who were homeowners during the economic meltdown of 2008 probably have fallen victims of the real estate market crash where their home values have plummeted. Some homeowners have lost over half the value of their homes in areas of  California, Illinois, Florida,…

Fannie Mae Chapter 13 Dismissal Guidelines
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Fannie Mae Chapter 13 Dismissal Guidelines

ByGustan Cho Posted on

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 is the eligibility requirements to qualify for a conventional loan after Chapter 13 Bankruptcy dismissal. Homebuyers can qualify for FHA and VA loans with no waiting…

Chapter 13 Trustee Mortgage Approval
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Chapter 13 Trustee Mortgage Approval During Bankruptcy

ByMike Gracz Posted on

Homebuyers and homeowners can secure Chapter 13 Trustee Mortgage Approval under the Chapter 13 Bankruptcy repayment plan. FHA and/or VA loans are accessible for homebuyers in this phase. Amidst a booming housing market, numerous homeowners find themselves with substantial equity in their properties.. Numerous individuals may need to pay more attention to their home equity….

NON-QM Loan Guidelines
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NON-QM Loan Guidelines on Waiting Period After Foreclosure

ByAlex Carlucci Posted on

This guide covers NON-QM Loan Guidelines on waiting period after housing event . Everyone experiences hardship during some time in their lifetime. Some people lose jobs, some have serious health issues while others find financial difficulty in caring for an aging loved one. Regardless of the individual situation, you should know that there is always…

Chapter 13 Cash-Out Refinance Simplified Guidelines
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Chapter 13 Cash-Out Refinance Guidelines During Repayment

ByGustan Cho Posted on

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…

Bankruptcy Dismissal
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Mortgage Waiting Period Guidelines After Bankruptcy Dismissal

ByAlex Carlucci Posted on

In this article, we will cover and discuss when you can get a mortgage approval after bankruptcy dismissal. There are strict waiting period requirements after Bankruptcy on government and conventional loans. Consumers in debt can get the help of the United States Bankruptcy Courts for protection from creditors. Many consumers who file bankruptcy think it…

Mortgage Guidelines After Bankruptcy
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Mortgage Guidelines After Bankruptcy on Home Purchase

ByApril Ramirez Posted on

In this blog, we will cover and discuss the mortgage guidelines after bankruptcy on home purchases and refinance transactions. There is a mandatory waiting period after bankruptcy to qualify for government and conventional loans. Gustan Cho Associates offers non-QM loans. Mortgage Guidelines After Bankruptcy on non-QM loans do not require any waiting period after bankruptcy…

VA Refer-Eligible Findings Versus AUS Approval Guidelines
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VA Refer-Eligible Findings Versus AUS Approval Guidelines

ByAlex Carlucci Posted on

In this blog, we will discuss and cover VA refer-eligible findings versus AUS approval guidelines. The United States Department of Veterans Affairs commonly referred to as The VA, is the parent federal agency that administers VA Home Loans for the active and retired members of our Military.  In the complex real estate landscape, the intersection…

HUD Late Payment Mortgage Guidelines
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HUD Late Payment Mortgage Guidelines During Chapter 13

ByAlex Carlucci Posted on

This blog will discuss HUD late payment mortgage guidelines during the Chapter 13 Bankruptcy repayment plan. HUD and VA are the only two mortgage loan programs that allow borrowers in an active Chapter 13 Bankruptcy repayment plan to qualify for an FHA and VA loan. However, the key is to have been timely on all…

Bankruptcy Dismissal Versus Bankruptcy Discharge
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Bankruptcy Dismissal Versus Discharge Mortgage Guidelines

ByGustan Cho Posted on

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. Bankruptcy, whether a dismissal or a discharge, can have significant implications for your mortgage and financial…