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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…
How does the economy affect the housing markets? If you’re wondering whether now is a good time to buy, sell, or invest, you don’t need complicated forecasts. You can easily track how the economy affects the housing markets through three key factors: Mortgage rates (the cost of borrowing) Jobs and wages (how confident buyers feel…
80% of our borrowers who contact us at Gustan Cho Associates have gotten last-minute mortgage denials from other lenders or were told they could not qualify due to their lender overlays. Other borrowers were referred to us because they had no luck finding a mortgage lender with the mortgage loan program they were looking for….
Using Asset Depletion To Qualify For a Mortgage If you are retired, semi-retired, or have a substantial amount of assets but limited regular income, an asset depletion mortgage can help you purchase or refinance a home without requiring pay stubs or tax returns. Lenders use assets like investments, cash, or retirement accounts to turn them…
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…
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 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…
Can an individual with a credit score of 500 be eligible for a VA loan? Absolutely. The Veterans Administration (VA) oversees and establishes guidelines for VA loans, and there’s no mandated minimum credit score requirement. If the borrower can receive approve/eligible through the automated underwriting system (AUS), they can secure a VA loan, even with…
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…
If you’re trying to buy home loans with no credit score, you’re not alone. First-time buyers, cash-only savers, new immigrants, and people who paid off all their debt often have no score—and that can confuse automated mortgage systems. Here’s the good news: you can still qualify for a mortgage with no credit score, as long…
Complying with Florida FHA loan requirements is one of the most flexible ways to buy a primary residence—especially if your credit isn’t perfect. In this guide, you’ll learn the current FHA minimums for credit score, down payment, debt-to-income (DTI), mortgage insurance, and common approval roadblocks, plus practical tips to improve your chances of getting an…
FHA Mortgage Guidelines on Collection Accounts: How to Qualify for a Home Loan in 2026 Buying a home with collection accounts on your credit report? You’re not alone. Many borrowers worry that old debts will stop them from qualifying for a mortgage. But here’s the good news: Bill Burg, a dually licensed mortgage loan originator…
Non-QM (Non-Qualified Mortgage) loans are alternative home loans for borrowers who don’t meet the requirements of FHA, VA, USDA, or conventional “agency” programs—often because of self-employment income, recent credit events, high loan amounts, complex income, or non-traditional documentation. Unlike government and conventional loans, Non-QM guidelines are not uniform. Each wholesale Non-QM investor sets its own…
Your credit score affects three things that matter most when you buy or refinance a home: Whether you get approved How much can you borrow What your rate and monthly payment look like But your credit score isn’t the only piece of the puzzle. Lenders also look at your down payment, debt-to-income ratio (DTI), cash…
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…
Portfolio Loans for Foreign Nationals (2026) Yes—foreign nationals can buy U.S. real estate without U.S. citizenship, a green card, or a U.S. credit score using portfolio (non-QM) foreign national mortgage programs. These loans are designed for international buyers who may not have a Social Security number or traditional U.S. income documentation. Most foreign national programs…
FHA 203(k) Loan for Fixer-Uppers: Buy + Renovate With One Mortgage (2026 Guide) An FHA 203(k) loan lets you buy (or refinance) a home and finance the repairs in the same mortgage—with one closing, one monthly payment, and a low down payment (as little as 3.5% if you qualify). Instead of needing a second loan…
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…
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