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FHA Streamline Refinance Mortgage Guidelines If you already have an FHA mortgage and want a lower payment without the usual refinance headaches, an FHA Streamline Refinance may be your fastest option. This program is designed specifically for current FHA borrowers. It can reduce your rate and payment with less documentation than a standard refinance. In…
FHA Manual Underwriting Mortgage Guidelines: 2026 Update If you’re applying for an FHA loan and received a “Refer/Eligible” from the Automated Underwriting System (AUS), you may need manual underwriting to get approved. Don’t worry! Many homebuyers qualify for FHA loans through manual underwriting, especially those with non-traditional credit profiles or higher debt-to-income (DTI) ratios. This…
Borrowers can calculate their front-end and back-end debt-to-income ratio for FHA loans using the FHA DTI Mortgage Calculator powered by Gustan Cho Associates. FHA loans are the most popular loan program for first-time homebuyers, borrowers with bad credit, and borrowers with high debt-to-income ratios. HUD, the parent of FHA, has a maximum front-end and back-end…
What are Investment Property Loans? Investing in real estate can be a great way to build your wealth over time. But just so you know, getting financing for an investment property isn’t the same as snagging a mortgage for the home you live in. Some investors qualify using traditional conventional loans that follow Fannie Mae…
Why Choose Us: The Mortgage Team That Gets You Approved and Closed—Fast! Are you tired of hearing “no” from mortgage lenders? You are not alone. At Gustan Cho Associates, we help homebuyers and real estate investors nationwide who other lenders have not approved. If you’re asking yourself why you chose us for your mortgage, this…
This guide covers 1099-Income-Only Mortgages: A Game-Changer for Self-Employed Borrowers in 2026 Self-employed borrowers, freelancers, and independent contractors often face hurdles when applying for a mortgage. It can be challenging when traditional lenders overlook the unique aspects of your income, which might leave you feeling uncertain and discouraged. Bill Burg, a dually licensed mortgage loan…
DACA Mortgage Loans: How DREAMERS Can Buy a Home in 2026 Are you a DACA recipient dreaming of buying your first home? You’re not alone. Many young adults under the Deferred Action for Childhood Arrivals (DACA) program are ready to take that next step into homeownership. The good news? DACA mortgage loans are available and…
This guide covers condominium questionnaire on warrantable, non-warrantable, and condo hotel condominium units. Warrantable, non-Warrantable and condotel financing are a specialty niche mortgage product and are only offered by a few portfolio lenders. There is a two-step underwriting process buying a condominium versus a single-family home. The first step in buying a condo is to…
This article covers a 12-month bank statement mortgage for self-employed borrowers. Until recently, most self-employed home buyers had difficulty qualifying for a mortgage. Many self-employed homebuyers often have the means to afford a higher-end home. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates, says about 12-month bank statement mortgage loans for self-employed…
Condotel Financing Mortgage Guidelines: Your 2026 Guide to Buying or Refinancing a Condotel. If you’ve ever dreamed of owning a vacation home that generates rental income, condotels might be your perfect solution. In this updated guide, we’ll break down everything you need to know about condotel financing mortgage guidelines—whether you’re a first-time buyer, investor, or…
FHA Loans for Bad Credit You can totally get an FHA loan even if your credit isn’t perfect—sometimes as low as a 500 score! FHA is super flexible for people who might have had late payments, collections, charge-offs, or other credit issues. It’s a great option if you’ve faced some financial bumps along the way….
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…
Most lenders approve you based on DTI limits, rather than your actual budget. That’s why you can “qualify” for a payment that leaves you house-poor. In this guide, you’ll learn the difference between qualification vs affordability, how to set a safer monthly payment, and how to estimate your full housing cost (PITI + mortgage insurance…
Quick Answer: Documents Required for Mortgage Processing and Underwriting To avoid delays and get to closing on time, submit a complete, legible, all-pages-included document package before your loan file goes to underwriting. Most borrowers will need photo ID, proof of income and employment, 60 days of asset statements, debt details, and property paperwork (a purchase…
DSCR mortgage loans, debt-service coverage ratio mortgages, are a no-income verification mortgage loan program. No income verification and documentation are required on DSCR mortgage loans, which benefit self-employed borrowers or real estate investors who do not have a consistent flow of qualified income. DSCR mortgage loans are underwritten based on the subject property, not the…
Reverse Mortgage Loans: Complete 2026 Guide for Seniors (Age 62+) Thinking about a reverse mortgage? If you’re 62 or older and own a home, a reverse mortgage can let you turn part of your home equity into cash—without required monthly mortgage payments. This guide explains how reverse mortgages work, who qualifies, the pros and cons,…
Thinking about moving up in the mortgage business—whether you’re a newly licensed loan officer, a producing LO ready to lead a team, or an experienced branch manager who wants more control and support? This guide is for you. In the next few minutes, you’ll learn exactly how mortgage branch opportunity careers work at Gustan Cho…
Jumbo Mortgage Options: Traditional and Non-Prime Solutions for 2026 A jumbo mortgage is a type of home loan that’s larger than the conforming loan limit set by the FHFA for 2026. In most U.S. counties, the 2026 one-unit limit is $832,750. In certain high-cost areas, the limit can be as high as $1,249,125. If you’re…
In this guide, we will cover starting mortgage net branch. Starting mortgage net branch is a great career step for loan officers who are already producing good results and want to take their career to the next level. A mortgage net branch is a smaller, separate office that’s part of a bigger mortgage company. Bill…
Mortgage Loan After Foreclosure And Short Sale Guidelines Many people believe that having a foreclosure or a short sale means they can never buy a home again. The truth is, you can get another mortgage if you wait the right amount of time, repair your credit, and follow the latest loan requirements. Each loan type…
Quick Answer: Pennsylvania Mortgage Calculator The Pennsylvania Mortgage Calculator from Gustan Cho Associates estimates your full monthly payment, not just principal and interest. It factors in PITI (principal, interest, taxes, and insurance), PMI or FHA MIP, HOA dues, and your debt-to-income (DTI) to help you budget and understand your approval readiness before you apply. What…
Buying a home in Colorado is exciting, but figuring out the actual cost can be overwhelming. Too many buyers rely on basic online tools that only show principal and interest, leaving out critical expenses like property taxes, insurance, HOA fees, and mortgage insurance. That’s where our Colorado mortgage calculator makes the difference. Updated for 2026…
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