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ByAlex Carlucci
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In this blog, we will cover choosing the right lender for a mortgage loan approval. Choosing The Right Lender with no overlays is extremely important for mortgage borrowers with prior credit issues. Examples of prior credit issues include the following: prior bankruptcy prior foreclosure prior short sale prior deed in-lieu-of foreclosure outstanding collections charge off…
ByGustan Cho
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This blog will cover overlays with FHA loans compared to HUD agency guidelines. FHA loans are the most popular home loan program in the United States. The U.S. Department of Housing and Urban Development (HUD) is the Federal Housing Administration (FHA) parent. FHA is not a lender. HUD is a large federal agency that administers…
ByAlex Carlucci
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We will be comparing FHA loans versus non-QM loans for homebuyers with credit/income issues and have you fully understand the comparison of the two. The two most popular programs for homebuyers with bad credit with low credit scores are FHA and Non-QM loans. There are dozens of new and updated non-QM mortgage loan programs that…
ByAlex Carlucci
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This article is about a borrower’s testimonial on My Experience with The Gustan Cho Team at Gustan Cho Associates. We will discuss and cover a borrower’s experience with Gustan Cho NMLS 873293 of Gustan Cho Associates Mortgage Group. Many buyers start the mortgage process of mortgage approval by going to their local bank. This is great,…
ByMike Gracz
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This Article Is About Recommended Lender By Realtors Due To Its No Lender Overlays Policy In this article, we will be covering and discussing the recommended lender by realtors and why real estate agents loves the team at Gustan Cho Associates. If you are a real estate professional, you understand how competitive and cutthroat this…
ByMike Gracz
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This ARTICLE Is About VA Loans Alabama Mortgage Guidelines With No Lender Overlays Alabama is on the map. The state borders one of the hottest states in the nation, Florida. Alabama is one of the top states residents from high-taxed states are migrating to. A large percentage of New Yorkers fleeing the state to lower-taxed…
ByGustan Cho
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This Article Is About FHA Loan Credit Guidelines Versus Lender Overlays The U.S. Department of Housing and Urban Development (HUD), which is the parent of the Federal Housing Administration (FHA), is not a mortgage lender but an insurance provider for all FHA loans in this country. FHA loans are extremely popular due to the government…
ByGustan Cho
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This Article Is About FHA Investor Overlays Versus HUD Agency Mortgage Guidelines: It is very important to understand the difference between HUD agency guidelines versus lender overlays. HUD is the parent of FHA. Every lender requires borrowers to meet the minimum HUD agency guidelines. However, lenders can have higher lending guidelines and standards that are…
ByGustan Cho
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This BLOG On Mortgage Lender Overlays On FHA And VA Loans Was UPDATED On January 8th, 2019 Mortgage Lender Overlays are mortgage lending guidelines that are above and beyond those mandated by mortgage loan programs. There are two types of mortgage lending guidelines: Mortgage Loan Program Guidelines Mortgage Lender Overlays All banks and mortgage companies need…
ByGustan Cho
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This BLOG On What Are Mortgage Lender Overlays On Home Loans Was UPDATED And PUBLISHED On January 1st, 2019 The arena for government home loan programs such as found with Department of Veterans Affairs, USDA, and the Federal Housing Administration place minimum lender criteria on those seeking home loans to purchase or refinancing their home….
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