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This Article Is About How The Mortgage Process Can Be Stressful If Borrowers Not Properly Qualified The mortgage process does not have to be stressful. The number one reason why the mortgage process can be stressful is that the loan officer did not properly qualify borrowers. Another reason why the mortgage process can be stressful…
In this blog, we will discuss and cover our traditional 90 LTV jumbo loans with no private mortgage insurance required. Gustan Cho Associates offers a wide variety of traditional and non-traditional alternative jumbo mortgage programs. With 160 plus wholesale lenders, we are lucky to be able to offer any loan program that is available. Real…
This guide covers no tax returns mortgages. We will discuss W2 income mortgages and no-doc mortgage loans for self-employed borrowers. Income is the most important factor in qualifying for a mortgage. Borrowers can have the most perfect in the world, but with no qualified income documentation or declared low income, borrowers may not qualify. Mortgage…
This guide covers what is a conventional mortgage. One of the frequently asked question from homebuyers is what is a conventional mortgage? What is the difference between a conventional mortgage and a government-backed loan. A conventional mortgage is a type of home loan that is not insured or guaranteed by any government entity, such as…
This guide covers paying down credit cards during mortgage process due to high debt-to-income ratios. Debt-to-income ratios are one of the most important factors in the mortgage approval process. Paying down credit cards during mortgage process should be done if possible. High DTI borrowers should pay off all higher credit card balances before starting the…
In this blog, we will discuss and cover bad credit mortgage lenders in Rhode Island for borrowers with bad credit and credit scores down to 500 FICO. Not all lenders in Rhode Island are the same. They may have the same loan programs but different guidelines. Many Rhode Island homebuyers with bad credit apply for…
In this blog, we will cover and discuss qualifying for a mortgage with unpaid collections in Wisconsin in 2022. Many homebuyers are being told they cannot qualify for a mortgage with unpaid collections in Wisconsin. Old collections do not have to get paid to qualify for government or conventional loans in Wisconsin. Not all lenders…
This article covers the mortgage rate lock process and how to decide when to lock in a mortgage. You cannot close your mortgage without locking your interest rate when your lender gives you a mortgage rate quote that tells you what rate is available to you that day. But your mortgage rate is not guaranteed…
In this article, we will cover and discuss mortgage options for homebuyers in Idaho with bad credit and low credit scores. Many homebuyers in Idaho, especially first-time home buyers, do not realize that they can qualify for a home loan with bad credit. Gustan Cho Associates are mortgage brokers licensed in 48 states, including Washington,…
In this article, we will cover and discuss qualifying and getting approved with the best New Hampshire Mortgage Lenders for bad credit after being denied by another lender. Not all lenders have the same lending requirements on government and conforming loans. Many borrowers looking for the best New Hampshire mortgage lenders for bad credit unknowingly…
In this blog, we will be covering pre-qualifying borrowers with bad credit for mortgage loans. This article on pre-qualifying borrowers with bad credit for mortgage loans is a resource mortgage guide for borrowers and loan officers. New loan officers need to understand that the pre-approval process is the most important stage of the mortgage process….
This guide covers the minimum credit score mortgage guidelines on home loans. Income, credit, credit history, and credit scores are all determinants to qualify for mortgage loans. Every loan program has minimum credit scores mortgage loan programs. The single most important factor in whether or not borrowers qualify for a certain type of loan program…
As most readers of our blogs know, Gustan Cho Associates are experts in VA mortgage lending. Our highly skilled team is growing into more states, so we are able to help more of our nation’s veterans. With the current housing market on fire, many Americans are moving themselves and their families to different areas. Our…
This Article is about No Overlay Lender Offering VA Loans Texas. Texas is one of the fastest-growing states in the U.S. Gustan Cho Associates Mortgage Group has more VA Loans Texas borrowers than any other state in the United States. More and more people are migrating to the Great State of Texas. Among the newcomers…
We will be covering the updated VA cash-out refinance mortgage loans. Gustan Cho Associates, empowered by NEXA Mortgage, LLC are mortgage brokers licensed in 48 states, including Washington DC, Puerto Rico, and the U.S. Virgin Islands. Gustan Cho Associates has lending partnerships with over 190 wholesale mortgage lenders. We will update our viewers on updated…
This Article Is About Pest Inspection On VA Loans Mortgage Guidelines By State Pest Inspection On VA Loans Mortgage Guidelines By State required by the Veterans Administration: Gustan Cho Associates are experts in VA mortgage financing. We offer all our VA loan programs without LENDER OVERLAYS. In this blog, we will detail a critical part…
In this blog, we will cover and discuss VA renovation mortgage loans. Many of our veterans do not know they may utilize a VA loan to complete renovations to a property. This can be done when purchasing a home or refinancing their current primary residence. This product is similar to The FHA 203k or Fannie…
This blog will cover and discuss HUD Cash-Out Mortgage Guidelines on FHA loans for 2024. Home values are rising across the country, and many homeowners who purchased their properties a few years ago are experiencing significant appreciation, with increases in home value by 20% to 30% or more. The conventional loan limits 2024 have been…
This blog will explore and discuss the Colorado mortgage loan limits for FHA and Conventional Loans. Similar to trends nationwide, Colorado has seen an increase in loan limits for 2022. After thorough analysis, the Federal Housing Finance Agency (FHFA) has raised the conforming loan limits nationwide in response to the significant rise in home prices….
Gustan Cho Associates is a mortgage company licensed in multiple states, specializing in FHA mortgage loans with no overlays. More than 75% of our clients couldn’t qualify or got turned down by other lenders. While most lenders add extra requirements, or overlays, to FHA, VA, USDA, and conventional loans, we don’t. At Gustan Cho Associates,…
Have you ever wonder what is government shutdown and effects to mortgage programs? A government shutdown occurs when non-essential federal government offices close because of lack of approval on the federal budget for the upcoming fiscal year. This event can significantly impact various sectors of the economy. These includes the housing market and mortgage programs….
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