This article is about a borrower’s testimonial on My Experience with The Gustan Cho Team at GCA Mortgage. 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, so […]
This Article 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. Lenders need to meet the minimum agency guidelines of HUD, VA, USDA, Fannie Mae, and Freddie Mae. Lenders not meeting the minimum agency […]
This Article Is About Common Lender Overlays On Government And Conventional Loans Common Lender Overlays With Most Mortgage Lenders On FHA, VA, USDA, and Conventional loans. Mortgage Lender Overlays are additional mortgage requirements that are imposed by a lender that is on top of the minimum mortgage lending guidelines by the particular mortgage loan program. Many […]
This Article Is About VA Loan Denial And Getting Qualified With Lender With No Overlays There should be no reason why anyone should get a VA Loan Denial. Unfortunately, there are many borrowers who either get a last-minute mortgage loan denial or major stress during the mortgage process. There is one reason and one reason ONLY […]
This Article Is About What Are FHA Lender Overlays Imposed By Mortgage Companies FHA Loans are residential mortgage loans that are originated by banks and mortgage companies that meet HUD lending guidelines. FHA Loans is the most common and popular mortgage loan program in the United States. The United States Department of Housing and Urban […]
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 […]
This Article Is About Mortgage Loan Programs With No Lender Overlays Over 75% of our borrowers are folks who either get a last-minute mortgage loan denial or are stressing over the mortgage process. Home Buyers who need to work with a licensed Mortgage Lender that specializes in mortgage loan programs with no lender overlays? I […]
This Article Is About The Lender Overlays With FHA Loans Versus Mortgage Agency Guidelines FHA Loans is the most popular home loan program in the United States. The U.S. Department of Housing and Urban Development (HUD) is the parent of the Federal Housing Administration (FHA). FHA is not a lender. FHA is a government agency […]
This Article is About The HUD Guidelines Versus FHA Lender Overlays On FHA Loans Many homebuyers, especially first-time home buyers, are often under the belief that all Lenders have the same FHA Mortgage Guidelines. Just because a borrower may not qualify with one lender does not mean that they do not qualify for an FHA […]
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 […]
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