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In this blog, we will cover and discuss the New Jersey Housing Market. New Jersey has the highest property tax rate in the nation but that is not slowing down home sales and home prices. New Jersey Housing Market is expected to be stronger than expected in 2026. With reasonable long-term demand, rising prices, and…
In this blog, we will discuss and cover FHA streamline refinance Connecticut with no appraisal and no income docs required. FHA Streamline Refinance Connecticut is when a homeowner with a current FHA home loan refinances with a new FHA loan. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about…
In this article, we will cover the correlation between credit card balance vs credit scores. There are mortgage guidelines on credit score requirements. The first step in qualifying for a particular mortgage loan program is to meet the minimum credit score requirements. The higher the credit scores, the lower the borrower’s mortgage rates. It is…
Boise Idaho Housing Market Update (October 2025): Prices, Inventory & 6–12 Month Outlook If you’re watching the Boise Idaho housing market for your next move, here’s the clear, current picture—numbers first, and simple steps to act with confidence. This Month at a Glance (Latest Verified Data) Median sale price (Boise city): As of September 2025,…
FHA Streamline Refinance California is a fast-track refinance mortgage loan program for California homeowners with a current FHA loan. They can refinance their current FHA Loan into another FHA loan at a lower mortgage rate to lower their mortgage rates. Doing so will get them a reduction in their monthly mortgage payments. By refinancing their…
This guide covers the FHA loan guidelines Alabama for homebuyers and homeowners. Due to the lenient FHA loan guidelines Alabama, FHA loans are the most popular loan programs in Alabama. HUD, the parent of FHA, created FHA loans to help hard-working Americans purchase a home with a 3.5% down payment and lower credit scores. For…
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 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…
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…
This guide covers conventional loan 101 for new loan officers and borrowers. I like to congratulate those who recently took the NMLS exam and passed it. Now the fun part of becoming a loan officer starts. The NMLS exam is a tough 3 hour 125 question national test. Dale Elenteny, a senior mortgage loan originator at…
This guide covers FHFA increases conventional loan limit for 2025 to $806,500 in standard median priced areas and $1,209,750 in high-cost areas. The housing market is still booming despite high inflation, over valued homes, and historic high mortgage rates. Actually, the housing market has been on fire for the past several years with no sign…
This guide covers President Donald Trump to privatize Fannie Mae and Freddie Mac later in 2025. Fannie Mae and Freddie Mac are the two mortgage giants in the United States and the largest buyer of mortgage loans in the secondary mortgage markets. The role of Fannie Mae and Freddie Mac is to keep stability and…
This guide covers the benefits of FHA loans for first time homebuyers. There are many benefits of FHA loans for first time homebuyers. There are also the benefits of FHA loans for homebuyers with prior bad credit, bankruptcy, foreclosure, deed-in- lieu of foreclosure, and short sale. FHA loans make home ownership possible with only a…
In this blog, we will cover and discuss FHA guidelines on late payments after bankruptcy. Borrowers are often confused with FHA guidelines on late payments after bankruptcy due to being turned down for an FHA Loan if they have late payments after bankruptcy. Recent late payments in the past 12 months are not good. John…
2026 Conforming Loan Limit Guide: What Borrowers Need to Know At Gustan Cho Associates, we want to help you understand how the conforming loan limit impacts your home loan. Whether you’re buying, refinancing, or shopping in a high-cost area, this guide explains the updated current conforming loan limits for 2026 and how they can help…
This guide covers how to boost credit scores with collection accounts. Borrowers can qualify for FHA loans with outstanding collection accounts as well as charged-off accounts without having to pay them off. Borrowers can have outstanding collections and charge-off accounts and do not have to pay them off to qualify for a mortgage on a primary…
This guide covers how credit scores impact DTI on FHA and Conventional loans. A person’s credit score will determine whether or not the person can qualify for a certain mortgage loan program. For example, the minimum credit score needed to qualify for a conventional loan is 620. The minimum credit score to qualify for a…
Buying a House in Iowa: Everything You Need to Know in 2025 If you are considering buying a house in Iowa, you are not alone. Many people are realizing the benefits of owning a home in the Hawkeye State. This guide will help you, whether you are a first-time buyer, moving from another state, or…
Refinancing Non-QM to Conforming Loans in 2025: A Smart Move for Lower Rates If you have a non-QM loan and you’re wondering if refinancing into a conforming loan is possible, the answer is yes. In fact, many homeowners use non-QM mortgages as a stepping stone and plan on refinancing non-QM to conforming loans once they…
Fannie Mae and Freddie Mac Explained: What’s the Difference? If you’re considering purchasing or refinancing a home, you’ve likely heard of Fannie Mae and Freddie Mac—two major names in the mortgage industry. But what exactly do they do, and how do they differ? Here, we’ll break down the essentials to help you understand the difference…
Bankruptcy and foreclosure both damage your credit and can make it difficult or impossible to buy or refinance a home. But one is worse than the other.
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