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VA Loan Eligibility Requirements in Vermont (2025 Update) Buying a home in Vermont is more than just owning property—it’s about creating stability after years of service. Whether you’re stationed in Burlington, settling in Rutland, or retiring near the Green Mountains, the VA home loan program can make homeownership easier and more affordable than ever. The…
FHA Loan Denied for Low Credit Scores in Ohio: Why It Happens and How to Get Approved If your FHA loan was denied for low credit scores in Ohio, you are not alone. Many homebuyers in Ohio face this problem yearly — they receive an “Approve/Eligible” through the automated underwriting system (AUS), only to be…
This blog will cover the FAQ on VA loans, eligibility requirements, and VA mortgage loan options for first-time homebuyers. There are many FAQs on VA loans regarding qualification, credit, eligibility requirements, and the types of VA loan programs that our viewers often inquire about. VA loans are the best mortgage loan program available in the United…
Your All-Inclusive Manual to Getting an Illinois Mortgage with Bad Credit Mortgage Options. Do you fear poor credit could dash your hopes of homeownership in Illinois? Worry no more! This manual will provide a step-by-step approach to securing an Illinois mortgage, even if you have bad credit. Christy Hembree, a senior mortgage loan originator at…
Chenoa DPA EDGE Program: Your Guide to Down Payment Help in 2025 The American dream is a term we have all heard many times. But what is the “American Dream”? According to Wikipedia: American Dream is a belief that anyone can obtain their own version of success in a society where upward Mobility is possible…
Buying a Beachfront Property in Florida: Everything You Need to Know Florida’s sunshine, sandy beaches, and breathtaking views have made it one of the most popular places in the world to own coastal real estate. Whether you want a second home, a vacation rental, or your forever beach house, buying a beachfront property in Florida…
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…
This blog explores the process of training a new mortgage loan officer, particularly those without prior experience. Gustan Cho Associates offers a streamlined training program tailored for individuals aiming to embark on a career as a mortgage loan officer. Training newcomers in this field poses significant challenges for both mentors and rookies. You can learn…
Primary Home Mortgage Guide: Rules, Loan Options, and How to Qualify Buying your first home can feel confusing. One of the most important terms you’ll hear in the process is “primary residence.” But what does it really mean? And why is it so important for loan approval? This primary home mortgage guide will walk you…
Can Realtors Be Loan Officers? Everything You Need to Know in 2026 Many real estate agents ask the same question over and over: Can realtors be loan officers? The short answer is yes, but the rules, guidelines, and lender policies can be confusing. Some mortgage companies allow it, while others require agents to put their…
VA DTI Manual Underwriting Guidelines: How to Qualify for a VA Loan with High DTI in 2025 For veterans or active-duty service members aiming to purchase a home, concerns about a high debt-to-income (DTI) ratio may raise questions regarding eligibility for a VA loan. This situation often prompts individuals to seek guidance on their options….
How to Get a Mortgage Loan with Unsatisfied Judgment in 2025 Getting a mortgage loan with an unsatisfied judgment may seem impossible, but it’s not. Many homebuyers assume that having a judgment on their credit report means they’re automatically disqualified. The truth? Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates, says the…
This article discusses the revised VA guidelines regarding charge-offs and collections. According to the VA Guidelines on Charge-Offs and Collections, veteran borrowers may still be eligible for VA home loans even if they have outstanding charge-offs and collections accounts, provided they receive an approved/eligible status from the automated underwriting system (AUS). VA guidelines on charge-offs…
This article will cover how underwriters view collections and charge-off accounts when reviewing a borrower for a mortgage loan. Homebuyers can qualify for an FHA loan with outstanding collections and charged-off accounts. How underwriters view collections and charge-off accounts depends the lender the mortgage underwriter works for. If the lender has no overlays on collection…
FHA Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for FHA loans for home purchases and refinance during and after Chapter 13 Bankruptcy. Dustin Dumestre, a senior loan officer and team leader at GCA FORUMS Mortgage Group explains how borrowers can get a mortgage while in a Chapter 13 Bankruptcy repayment plan based…
In this blog, we will discuss and cover FHA vs conventional cash-out refinance mortgage loans and general rate and term refinance mortgage guidelines. HUD, the parent of FHA, has changed the FHA cash-out refinance guidelines for homeowners from 85% loan to value to 80% LTV. HUD requires FHA mortgage insurance premium on all 30-year fixed-rate…
Refinancing Non-QM Loans: How to Lower Your Rate and Save More If you took out a Non-QM loan to buy your home, you’re not alone. Many borrowers turn to Non-QM (Non-Qualified Mortgage) loans when they don’t meet the strict requirements of traditional mortgages. Whether you were self-employed, had a recent bankruptcy, had low credit scores,…
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…
Mortgage Guidelines After Unemployment in 2025: How to Get Approved Losing your job can feel like pausing your dream of buying a home. But the good news is, getting a mortgage after unemployment is still possible—even in 2025. If you’re back to work and wondering how soon you can qualify, this guide will walk you…
How Does the Federal Reserve Affect Mortgage Rates? [2025 Guide for Homebuyers] How does the Federal Reserve affect mortgage rates? You’re not alone. Whether you’re thinking of buying your first home, refinancing your current mortgage, or simply trying to understand why rates keep changing, this guide will break it down in plain English. At Gustan…
Buying a home is exciting, but it also comes with new responsibilities. Property taxes, homeowners’ insurance, and mortgage payments can feel overwhelming if you juggle them alone. That’s why most lenders rely on escrow account mortgage guidelines to keep everything running smoothly. Think of an escrow account as your personal safety net. A part of…
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