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One Day Mortgage Loan Approval: Fast, No-Stress Approval with Gustan Cho Associates Buying a home is stressful—especially when time is running out. In today’s hot housing market, you can’t afford to wait weeks for a lender to give you an answer. That’s why one day mortgage loan approval is changing the game. At Gustan Cho…
Introduction: Your Credit Score Is the Key to Homeownership Buying a home is one of the most significant financial steps you’ll ever take. But before you can get the keys, lenders want to know one thing: What’s your FICO score? Your FICO score determines if you qualify, how much you’ll pay each month, and even…
How to Rebuild Credit for Mortgage Approval: A Simple Step-by-Step Guide If you’re dreaming of owning a home but your credit score is low, you’re not alone. Many homebuyers today need to rebuild credit for mortgage approval. The good news? You can raise your score and get approved faster than you think. At Gustan Cho…
VA DTI Manual Underwriting Guidelines: How to Qualify for a VA Loan with High DTI in 2025 For veterans or active-duty service members aiming to purchase a home, concerns about a high debt-to-income (DTI) ratio may raise questions regarding eligibility for a VA loan. This situation often prompts individuals to seek guidance on their options….
In this blog, we will cover and discuss the top-rated five-star Washington DC lenders for traditional and non-QM mortgages who have the best mortgage rates. Washington, DC has one of the highest home prices in the nation. Whether you have great credit, bad credit, or are seeking unique non-QM and alternative financing loans with multiple…
This article discusses the revised VA guidelines regarding charge-offs and collections. According to the VA Guidelines on Charge-Offs and Collections, veteran borrowers may still be eligible for VA home loans even if they have outstanding charge-offs and collections accounts, provided they receive an approved/eligible status from the automated underwriting system (AUS). VA guidelines on charge-offs…
Your Complete Guide to VA Loan With Poor Credit in 2025 Are you a veteran wondering if you can get a VA loan with poor credit? The answer is a resounding YES! Despite having less-than-perfect credit, many veterans can still qualify for a VA loan, one of the best mortgage programs available in the U.S….
This blog will discuss qualifying for a VA loan during Chapter 13 Bankruptcy mortgage guidelines. Many of our clients at Gustan Cho Associates are told they do not qualify for a VA loan during Chapter 13 Bankruptcy. Many homebuyers are told they can’t qualify for a VA loan during Chapter 13 Bankruptcy. You need to…
VA Refinance Guidelines encompass two distinct mortgage processes: the VA streamline refinance (IRRRL), and the VA cash-out refinance. Gustan Cho Associates specializes in assisting homeowners with rate and term VA streamline refinances and cash-out VA refinance mortgages. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about VA refinance guidelines…
This article will discuss the buy-out cash-out refinance option for VA Chapter 13 Bankruptcy. A VA Chapter 13 Bankruptcy buy-out can be accomplished using a cash-out refinance on VA home loans while under a Chapter 13 Bankruptcy repayment plan. The widespread financial hardship caused by the coronavirus pandemic outbreak in February 2020 has significantly affected…
In this blog, we will cover and discuss the best bad credit mortgage lenders in Alaska for FHA loans. The housing market in Alaska is booming. Homes are selling the day they are listed. During these volatile economic times with mortgage rates surging, many homebuyers with lower credit scores are shopping for the best bad…
Getting a mortgage in 2025 doesn’t need to be a hassle. One of the quickest ways to lock in your financing is by getting approved through the Fannie Mae Automated Underwriting System—often referred to as DU or Desktop Underwriter. This guide will cover everything you need to know about the Fannie Mae Automated Underwriting System…
In this article, we will cover and discuss helping your realtor and lender help you with a home purchase. I know sometimes it can be hard finding the right Realtor. I also know that once you have made that decision, there are some tips that can make your Home Buying Partnership more successful. Helping your…
Lender Overlays on Collection Accounts: What Borrowers Need to Know in 2025 Many homebuyers feel stuck when they apply for a mortgage and get denied because of old collection accounts. Maybe the bank told you, “Pay off all collections first.” Or maybe they said you don’t qualify because you still have charge-offs on your credit….
Starting Fresh: Mortgage After Bankruptcy in New Hampshire Filing for bankruptcy is never easy. It can feel like the end of your financial story. But here’s the truth: bankruptcy is not the end of your dream to own a home. Many families across New Hampshire have gone through bankruptcy and later bought a house. With…
In this article, we will discuss and cover refinance mortgage rates pricing adjustments, and volatility. Refinance Mortgage Rates hit a three-year high this week. Rates hit a historic low of 2.25% on a 30-year fixed-rate mortgage in 2019. Mortgage rates skyrocketed to a three-year high of 7.25% in 2024. Since the beginning of the year,…
In this blog, we will cover and discuss VA loan limits on how much home you can buy with a VA loan. VA loans no longer have maximum VA loan limits. Before 2010, VA loan limits used to depend on where the property is located and the type of property the borrower is financing. In…
The Impact of the Coronavirus Outbreak on Non-QM Lenders The Coronavirus outbreak hit non-QM lenders hard and fast. In early 2020, it felt like everything came to a standstill—non-QM mortgage companies stopped lending, shut their doors, and had to let go of staff. This left borrowers who relied on these alternative mortgage options in a…
Buying a House in Savannah, Georgia: Your 2025 Guide to Homeownership If you’ve been considering buying a house in Savannah Georgia, you’re definitely in good company. Savannah is one of the fastest-growing small cities in the U.S., famous for its charm, cobblestone streets, historic buildings, and those gorgeous oak trees covered in Spanish moss. But…
Conditional Mortgage Approval Versus Pre-Approval: What Borrowers Need to Know in 2025 Buying a home is super exciting, but the mortgage process can be overwhelming if you’re unclear on what all the terms mean. One of the biggest things that trips up homebuyers is understanding the difference between conditional mortgage approval and pre-approval. At first…
In this blog, we will discuss and cover VA loans for first-time home buyers with no lender overlays. The United States Department of Veteran Affairs (VA) has very lenient mortgage guidelines on VA loans for first time veteran home buyers. Getting able to qualify for VA loans for first-time veteran home buyers is a privilege…
Virginia VA loan requirements has the most lenient mortgage guidelines versus any other loan program in the nation. VA loans is the mortgage loan of choice but is only limited to active and/or retired members of the U.S. Military with a valid certificate of eligibility. Alex Carlucci, a senior mortgage loan originator at Gustan Cho…
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