This Article Is About Mortgage Guidelines Versus Investor Overlays By Lenders Mortgage Guidelines Versus Investor Overlays: Not all lenders have the same mortgage guidelines on government and conforming loans. All lenders need to follow agency guidelines by FHA, VA, USDA, Fannie Mae, and/or Freddie Mac. Lenders can have their own mortgage guidelines that are above […]
This Article Is About Manual Underwriting Versus Automated Underwriting System Approval Every mortgage loan application is submitted for automated approval via the Desktop Underwriter’s Automated Underwriting System. The Automated Underwriting System is a computer system that will analyze the information stated on the mortgage application. AUS will analyze the mortgage loan applicants’ credit reports and […]
This Article Is About HUD FHA Guidelines Versus Overlays By Mortgage Lenders HUD is an acronym for the United States Department of Housing and Urban Development. Housing and urban development were funded by Lyndon B. Johnson in 1965. They were originally tasked with assisting communities with the development and “fair and equal” housing for all. […]
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 […]
This Article Is About FHA Facts Versus Lender Overlays By Mortgage Companies Many home buyers often get confused when shopping for a mortgage. What are the FHA FACTS versus BS? Sharp consumers normally shop with various vendors before deciding on which company to use to buy goods and services Countless home buyers get conflicting information […]
This Article Is About VA DTI And Credit Score Guidelines Versus Lender Overlays Gustan Cho Associates Mortgage Group gets a lot of calls daily from borrowers who often are confused with VA DTI And Credit Score Guidelines. They contact us after being told by other lenders they do not qualify for VA Loans for one […]
This Article Is About VA Loans After Bankruptcy Kentucky With No Lender Overlays The state of Kentucky has one of the highest concentrations of veterans. Both active and retired members of the U.S. Armed Forces make Kentucky their home. Kentucky is also one of the hardest-hit areas during the Great Depression of 2008. As a […]
This ARTICLE On Lender Overlays Scenarios On Government And Conventional Loans Gustan Cho Associates Mortgage Group has been busy during the spring and summer seasons of 2021. We are excited we had the opportunity to help as many clients as we did and are helping more clients every day. In this blog, we will detail […]
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 […]
This Article Is About First Time Home Buyer Mortgage Programs With No Lender Overlays If you are a first-time homebuyer, you need to be aware and research the home purchase and mortgage loan application process. Before you go out shopping for a home or contacting real estate agents, you need to consult with a mortgage […]
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