Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
In this blog post, we’ll delve into the most recent methods to update credit report fast using rapid rescore to boost credit scores and meet mortgage qualifications or secure optimal rates. Lenders usually establish a minimum requirement for different loan programs, making credit scores very important when it comes to qualifying for a mortgage. Moreover,…
Mississippi has one of the hottest housing markets in the nation. The housing market in the state has been booming for many years.
How To Get Refer To Approve-Eligible Per AUS To Qualify For Mortgage: There are ways of trying to get a refer/eligible findings to an approve/eligible per automated underwriting system.
This guide covers VA credit agency guidelines versus lender overlays on VA loans. Understanding VA Credit Score Agency Guidelines is very important for borrowers with less than perfect credit and eligible for VA loans. VA loans are the best home loan program in the Nation. Due to the loan guarantee to lenders, mortgage companies can…
This guide explains Fannie Mae second home guidelines, especially vacation properties. As of 2025, a minimum down payment of 10% is required by Fannie Mae and Freddie Mac. Government loans cannot be used to purchase second homes or investment properties. Dale Elenteny of Gustan Cho Associates noted that the introduction of non-QM second home financing…
In this blog, we will cover and discuss buying and moving to another owner-occupied home without selling their first home. There are strict rules and mortgage regulations with owner-occupant home financing. Gustan Cho Associates get countless calls from potential homebuyers about Moving To Another Owner-Occupied Home Without Selling their first home. There are several variables…
This guide will cover the Texas housing market forecast for 2023 going into 2024. The Texas housing market is booming despite mortgage rates surging past 7% in a volatile economy. If you’re considering moving to Texas, you’re not alone. The Lone Star State is one of the fastest-growing states in the country, and its cities…
This blog will cover and discuss the FHA case number on new FHA mortgage applications. We will also discuss transfers from one lender to a new lender. FHA loans are the most popular loan program in the U.S. Borrowers with lower prior bad credit scores can benefit from FHA loans compared to conventional loans. Not…
This article covers getting a VA loan denial due to overlays and qualifying with a different lender. In this article, we will cover the VA agency guidelines, what are VA lender overlays, VA agency guidelines versus overlays, and why Gustan Cho Associates can approve VA loans when other lenders can’t. VA loans are hands down…
This guide covers VA guidelines on seller concessions to cover closing costs. VA loans is hands down the best mortgage loan program available today for owner occupant home buyers. Unfortunately, not everyone can qualify for a VA loan. Only veterans with a Certificate of Eligibility (COE) can qualify for a VA loan. One of the…
This article covers Non-QM down payment requirements for home buyers. Non-QM down payment requirements for home buyers is anywhere between 10% to 30% on a home purchase. Let us at Gustan Cho Associates help you qualify for a non-QM mortgage that suits your needs. Apply Now with Gustan Cho Associates on the dozens of non-QM…
This article Is about qualifying for VA loans Illinois bad credit with no overlays and high debt-to-income ratio. VA loans are owner-occupant residential mortgage loans originated by private lenders but guaranteed by the U.S. Department of Veteran Affairs (VA). The Department of Veteran Affairs does not originate nor fund VA loans. VA insures private lenders…
This guide covers buying a second home and renting the exiting home. Many hard-working folks plan on retiring and moving out of state to states like Florida and California. However, many will have a hard time qualifying for both mortgages. The mortgage on the exiting property and the mortgage on their new owner occupant property….
This guide covers home buyer concerns buying their first-home. A home purchase is most people’s single largest investment in their life. The housing market is hot with no signs of a housing correction despite high mortgage rates. Mortgage rates have been the highest in the past three years but started to decrease in the past…
This guide covers interest rate buydowns with seller concessions on purchases. Interest Rate Buydowns are when borrowers pay DISCOUNT POINTSto buy down interest rates. Borrowers with great credit and a good mortgage interest rate can often get even lower interest rates by paying points for a lower mortgage interest rate. Mortgage rate buydowns are a…
Data Show More Homebuyers Buying Homes In The Suburbs And Fleeing City Life. More city dwellers are fleeing the city and buying homes in the suburbs due to the high crime rate in the city due to the Black Lives Matter Movement and incompetent politicians.
This guide covers how credit scores affect conventional loans. Two of the most popular mortgage loan programs today are FHA and Conventional loans. Conventional loans are not government loans like FHA, VA, USDA. Conventional loans are called conforming loans because they need to conform to Fannie Mae or Freddie Mac Guidelines. Credit scores play a…
This guide covers the DTI overlays lenders require on government and conventional loans. DTI overlays are imposed on home mortgage programs by lenders. All mortgage companies must adhere to agency mortgage guidelines on government and conventional loans. There are three government-backed loan programs: FHA, VA, and USDA. Government loans have their minimum agency lending requirements…
This guide covers the credit scores required for FHA and VA loans. Many borrowers are confused about the credit scores required for FHA and VA loans. Lenders tell borrowers conflicting credit scores required for FHA and VA loans when trying to qualify for a mortgage. The VA has no minimum credit score requirement: Most lenders…
This guide covers the best time to purchase a home for first-time homebuyers. Many homebuyers ask when is the best time to purchase a home. The decision on the best time to purchase a Home is equally important to the overall home buying process. Frequently asked questions by buyers are the following: When is the…
This guide covers home loan programs after bankruptcy and foreclosure. There are various home loan programs after bankruptcy and foreclosure. However, all home loan programs after bankruptcy and foreclosure have waiting period requirements, except non-QM loans. HUD has announced that the waiting period for those who have filed for bankruptcy has been trimmed from the…
This guide covers getting more house for your money with low property taxes. Getting more house for your money is possible. Getting more house for your money for homebuyers can be done by getting a home with lower property taxes. Property taxes vary widely from state to state and county to county. New Jersey has…
CALL NOW