Buying A Home In A Sellers Market
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Buying A Home In A Sellers Market With Bad Credit

Navigating a Seller’s Market When Buying a Home When you are interested in buying a home in a sellers market, you’re stepping into a highly competitive arena. Imagine a situation where there are a lot more people looking to buy houses than there are houses for sale. This scenario drives up the prices of homes…

TSAHC DPA Mortgage
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TSAHC DPA Mortgage For Texas Homebuyers

Comprehensive Guide to TSAHC DPA Mortgage Program for Texas Homebuyers Exciting news for everyone looking to buy a home in Texas! Gustan Cho Associates is thrilled to announce that we’re now part of the TSAHC DPA Mortgage program. For those who might not be familiar, TSAHC DPA Mortgage stands for Texas State Affordable Housing Corporation…

Mortgage With a Recent Eviction
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Mortgage With a Recent Eviction: The Expert Guide

Is it possible to get a mortgage with a recent eviction? It’s a common worry – can someone get a mortgage if they’ve just faced eviction? If you’re in this boat, you’re definitely not sailing alone. At Gustan Cho Associates, it’s a question that often lands in our inbox. The uplifting news here is that,…

FHA DTI Guidelines
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FHA DTI Guidelines for Getting an Approve/Eligible Per AUS

First-time homebuyers, especially, may be easily overwhelmed by the complexities of purchasing a home. One of the most critical aspects of obtaining a mortgage is grasping the Debt-to-Income (DTI) ratio, for which FHA loans are particularly crucial. For approval or eligibility per AUS (Automated Underwriting System), these FHA DTI Guidelines are important. In this guide,…

Mortgage Included in Chapter 7 Bankruptcy
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Fannie Mae Mortgage Included in Chapter 7 Bankruptcy

In this article, we will cover and discuss getting approved for a new home loan after having a prior mortgage included in Chapter 7 Bankruptcy. There are instances where people will include a home loan when they file for bankruptcy. There are waiting period requirements after a bankruptcy and foreclosure. However, what is the waiting…

The Housing Shortage
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The Housing Shortage Facing The Midwest

This guide covers the housing shortage facing the Midwest. The housing shortage in the Midwest has impacted and affected homebuyers in the Midwest. While home sellers enjoyed the multiple offers on their listed homes, many homebuyers were affected by multiple offers on the same property. There is not a homebuyer who did not have been…

Getting Approved For VA Loans in New Mexico With Bad Credit
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Getting Approved For VA Loans in New Mexico With Bad Credit

In this article, we will cover getting approved for VA loans in New Mexico. Are you an active duty military service member or a veteran looking to purchase a home in New Mexico either for yourself or your family? If so, have you heard about VA loans and that you can apply and qualify despite…

VA Cash-Out Refinance Mortgage Loans
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VA Cash-Out Refinance Mortgage Loans

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…

VA Guidelines After Short Sale
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VA Guidelines after Short Sale Waiting Period on VA Loans

This blog will discuss the VA guidelines after short sale waiting period requirements to qualify for a VA loan. VA guidelines after short sale to qualify for a VA loan require a mandatory waiting period of two years for borrowers to qualify for a VA loan. Lenders expect no late payments after the short sale…

Checking Your Credit Before Buying Home
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Checking Your Credit Before Buying Home

This  guide covers checking your credit before buying home.  Your credit score and credit report are significant in the mortgage approval process. Lenders use your credit information to assess your creditworthiness and determine the interest rates and loan terms they can offer. A higher credit score can lead to lower interest rates and better loan…

VA Refinance Guidelines
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VA Refinance Guidelines For IRRRL and Cash-Out Refinance

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. This article will cover the VA refinance guidelines for both VA streamlines and cash-out refinance loans, providing essential…

Choosing The Right Mortgage Company
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Choosing The Right Mortgage Company For Loan Officers

This guide covers choosing the right mortgage company for loan officers. Choosing the right mortgage company for loan officers is one of the most important decisions a mortgage loan originator needs to make. John Strange, a senior loan officer at Gustan Cho Associates, explains choosing the right mortgage company for loan officers to start their…

FHA Versus Conforming Mortgages
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Comparing FHA Versus Conforming Mortgages

This guide compares FHA versus conforming mortgages, the two most popular mortgage loan programs for homebuyers in the United States. Which program should homebuyers choose? Both have pros and cons. Sometimes, borrowers may qualify for FHA loans instead of conforming mortgages. Conversely, some borrowers who qualify for conventional loans may not qualify for FHA loans….

Conventional Loan After Short Sale vs Foreclosure
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Conventional Loan After Short Sale vs Foreclosure Guidelines

This  guide covers conventioal loan after short sale vs foreclosure guidelines. Since 2008, millions of Americans have witnessed their equity in their homes evaporate. The real estate and credit meltdown of 2008 has devastated many hard-working families. The Great Recession of 2008 was more of a depression than the Great Recession. Record bankruptcies, foreclosures, and…

NON-QM Jumbo Loans
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NON-QM Jumbo Loans For Bad Credit and No-Income Docs

NON-QM jumbo loans are alternative mortgage loan programs for owner-occupant primary homes, second homes, and investment properties. Most non-QM loans do not have maximum loan limits. Any non-QM or alternative lending products with a loan balance higher than the 2023 conforming loan limit of $726,200 is called or often referred to as non-QM jumbo loans….

Avoiding Stress During Mortgage Process
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Avoiding Stress During Mortgage Process And Close On Time

This Article Is About Ways Of Avoiding Stress During Mortgage Process And Close On Time There is no reason why borrowers should experience stress during mortgage process. Avoiding stress during the mortgage process is possible. Borrowers place their trust and faith in their loan officers to ensure their pre-approval is solid. However, like in any…

Refinance Waiting Period
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Refinance Waiting Period Mortgage Guidelines

In this blog, we will cover and discuss the refinance waiting period mortgage lending guidelines on home mortgages. For homeowners who just closed their homes and who are thinking of refinancing their home loans, there are refinance waiting period requirements on mortgage loans. A home buyer cannot just close on their home loan one day…