Search Results for: lender overlays

Income And Employment | FHA Loans | High Debt To Income Ratio | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Part-Time Income To Full-Time Income Mortgage Guidelines
ByGustan Cho, NMLS 873293 April 26, 2026September 17, 2026

Part-Time Income To Full-Time Income Mortgage Guidelines There are strict rules regarding the part-time income to full-time income mortgage guidelines. For part-time income to be used, borrowers need two years of consistent part-time income. Besides the two-year seasoning requirement, lenders want to be convinced that the likelihood of the part-time income continuing for the next…

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Mortgage Processing And Underwriting | Clear To Close | Videos

Clearing Underwriters Conditions To Submit For Clear To Close
ByAlex Carlucci, NMLS: 229891 April 25, 2026September 21, 2026

Clearing Underwriters Conditions To Submit For Clear To Close In this guide, we address underwriters conditions to pave the way for a clear-to-close submission. Whether individuals seek approval for a home purchase mortgage loan or aim to refinance, the approval procedures remain consistent. Please submit all the required underwriting conditions to avoid delays during the…

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FHA Loans | Mortgage After Bankruptcy and Foreclosure | Re-Establishing Credit | Secured Credit Cards | VA Loans | Videos

Rebuilding Credit During Chapter 13 Bankruptcy For a Mortgage
ByGustan Cho, NMLS 873293 April 24, 2026April 27, 2026

This guide covers rebuilding credit during Chapter 13 Bankruptcy repayment plan. Rebuilding credit during Chapter 13 Bankruptcy is highly recommended for those who want to purchase or refinance their current home. Consumers do not have to wait until Chapter 13 Bankruptcy has been discharged to re-establish their credit. To qualify for a mortgage with an…

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Home Mortgages

Credit And DTI Guidelines On Conventional Loans Made Easy
ByGustan Cho, NMLS 873293 April 24, 2026April 28, 2026

Understanding credit and DTI guidelines on conventional loans is one of the most important steps before applying for a mortgage. Conventional loans are not insured by the government, so lenders usually look closely at your credit score, monthly debts, income, down payment, and overall risk profile before issuing an approval. For most conventional loans, borrowers…

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Income And Employment | Gaps In Employment | Videos

Mortgage Guidelines After Unemployment: How To Get Approved
ByGustan Cho, NMLS 873293 April 21, 2026April 21, 2026

Mortgage Guidelines After Unemployment For FHA, VA, USDA, And Conventional Loans 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 2026. If you’re back to work and wondering how soon you can qualify, this guide will walk…

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Charge Off Accounts | Collection Accounts | Credit Disputes | FHA Loans | Videos

FHA Mortgage Guidelines on Credit Disputes: 2026 Rules for Disputed Accounts
ByGustan Cho, NMLS 873293 April 20, 2026August 21, 2026

FHA Mortgage Guidelines on Credit Disputes: 2026 Rules for Disputed Accounts Is an FHA Loan Possible if You Have A Dispute? Yes. Having a credit dispute does not automatically prevent you from getting an FHA loan. According to FHA guidelines, if your disputed derogatory accounts total $1,000 or more, your loan will require manual underwriting…

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FHA Loans

15-Year vs 30-Year FHA Loans: Which Is Better for You?
ByGustan Cho, NMLS 873293 April 20, 2026September 17, 2026

When comparing 15-year vs 30-year FHA loans, the right choice comes down to one simple question: do you want the lowest monthly payment possible, or do you want to pay off your home faster and save more on interest over time? Both loan options are backed by the Federal Housing Administration, but they work very…

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Clear To Close | Conditional Loan Approval | Videos

Clearing Conditions For Clear To Close on Home Purchase
ByAlex Carlucci, NMLS: 229891 April 16, 2026September 17, 2026

Clearing Conditions For Clear To Close on Home Purchase: What Buyers Need To Know This guide covers clearing conditions for clear to close on home purchases. Once mortgage borrowers have signed the mortgage application and the mortgage processor has processed it, it gets submitted to underwriting. A mortgage underwriter gets assigned to the file. After…

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FHA 203k Loan | FHA Loans | Home Improvement/Renovations | Real Estate Topic

FHA Title I Loans: What You Need To Know in 2026
ByGustan Cho, NMLS 873293 April 15, 2026April 17, 2026

FHA Title I Loans: The Ultimate Guide for 2026 Home Improvement Projects Are you a homeowner looking to make improvements to your property but need help finding the right financing? Maybe you’ve just bought your first home and want to make some upgrades but don’t have a ton of equity built up yet. If that…

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Mortgage Processing And Underwriting

Factors Influencing Credit Scores When Applying For Mortgage
ByGustan Cho, NMLS 873293 April 14, 2026April 15, 2026

Your credit score is important when it comes to getting a mortgage, figuring out interest rates, and choosing loan options. When lenders review your application, they want to see how you have handled credit over time and whether your current credit profile shows financial stability. Even a little bump in your score can boost your…

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FHA Loans | Videos

FHA Facts Versus Fiction When Qualifying For FHA Loans
ByGustan Cho, NMLS 873293 April 13, 2026April 14, 2026

This guide covers FHA facts versus fiction of qualifying for FHA loans. The U.S. Department of Housing Administration (HUD) is the parent federal agency of the Federal Housing Administration (FHA). FHA is not a lender. The role of the Federal Housing Administration is to insure FHA Loans originated and funded by private mortgage companies against…

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FHA Loans | Mortgage Lender Overlays | NON-QM Loans | Videos

FHA Versus Non-QM Loans for Bad Credit Borrowers
ByAlex Carlucci, NMLS: 229891 April 13, 2026September 3, 2026

We will be comparing FHA versus non-QM loans for homebuyers with credit/income issues and have you fully understand the comparison of the two. The two most popular programs for homebuyers with bad credit with low credit scores are FHA and Non-QM loans. There are dozens of new and updated non-QM mortgage loan programs that have…

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Mortgage Processing And Underwriting | Automated Underwriting System | NON-QM Loans | Qualifying & Getting Pre-approved | Videos

One Day Mortgage Loan Approval Process For Homebuyers
ByGustan Cho, NMLS 873293 April 13, 2026April 14, 2026

One Day Mortgage Loan Approval: Fast, No-Stress Approval with Gustan Cho Associates Buying a home is stressful—especially when time is running out. In today’s hot housing market, you can’t afford to wait weeks for a lender to give you an answer. That’s why one day mortgage loan approval is changing the game. Find out how…

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Muti-Family Investment | Non-Occupant Co-Borrowers | Real Estate Topic | Rental Income | Videos

Owner-Occupant Multi-Family Mortgage Guidelines
ByGustan Cho, NMLS 873293 April 11, 2026September 17, 2026

Updated Owner-Occupant Multi-Family Mortgage Guidelines for 2026. Are you dreaming of owning a home while earning rental income to help cover your mortgage payments? Buying a 2-to-4-unit property as an owner-occupant might be the perfect solution. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about owner-occupant multi-family mortgage guidelines for…

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Collection Accounts | Charge Off Accounts | FHA Loans | Manual Underwriting | Videos

FHA Guidelines On Medical Collections and Charge-Offs
ByGustan Cho, NMLS 873293 April 11, 2026April 13, 2026

FHA Guidelines On Medical Collections and Charge-Offs In 2026 Are medical collections standing in your dream of buying a home? Good news! FHA loans might be your best option to qualify for a mortgage—even if you have medical debt. In this blog post, we’ll walk you through the updated FHA guidelines on medical collections. Discover…

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Automated Underwriting System | Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | VA Loans | Videos

VA Refer-Eligible Findings Versus AUS Approval Guidelines
ByAlex Carlucci, NMLS: 229891 April 10, 2026April 13, 2026

VA Refer-Eligible Findings Versus AUS Approval on VA Loans In this blog, we will discuss and cover VA refer-eligible findings versus AUS approval guidelines. The United States Department of Veterans Affairs commonly referred to as The VA, is the parent federal agency that administers VA Home Loans for the active and retired members of our…

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Bad Credit Mortgages | Credit Scores | FHA Loans | Videos

Can I Get an FHA Loan With Under 600 Credit Score
ByGustan Cho, NMLS 873293 April 10, 2026April 13, 2026

In this blog post, we’ll explore obtaining an FHA loan with a credit score under 600. Gustan Cho Associates specializes in processing and finalizing FHA Loans With Under 600 Credit Scores in Florida. Many lenders set higher credit score thresholds due to additional criteria known as overlays. However, it’s important to note that only some…

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Mortgage After Bankruptcy and Foreclosure | NON-QM Loans | Videos

Mortgage After Foreclosure With No Waiting Period
ByDale Elenteny, NMLS: 904444 April 9, 2026September 3, 2026

Mortgage After Foreclosure With No Waiting Period: What Borrowers Need To Know in 2026 In this blog, we will discuss and cover mortgage after foreclosure with no waiting period with non-QM loans. Non-QM loans are alternative mortgage loan programs that do not have to meet government or conforming mortgage loan guidelines. Non-QM loans are portfolio…

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FHA Loans | USDA Loans | VA Loans

Government Mortgages For Owner-Occupant Homebuyers
ByGustan Cho, NMLS 873293 April 8, 2026August 24, 2026

Government mortgages for owner-occupant homebuyers are designed to make buying a primary residence more affordable and more realistic. Backed by federal agencies, these home loans allow approved lenders to offer low down payment options, flexible credit requirements, and competitive mortgage rates. The most common government-backed loans are FHA, VA, and USDA. These mortgage programs are…

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Bad Credit Mortgages

Second Home versus Investment Home Financing
ByGustan Cho, NMLS 873293 April 8, 2026September 29, 2026

Second Home Versus Investment Home Financing: What Homebuyers Need to Know If you are buying another property after your primary residence, one of the first things you need to understand is whether the home will be financed as a second home or an investment property. That difference matters more than many buyers realize because it…

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VA Loans | Manual Underwriting | Mortgage Lender Overlays | Videos

VA Credit Score Mortgage Guidelines on VA Home Loans
ByJohn Strange, NMLS: 230932 April 8, 2026September 17, 2026

This guide covers VA credit score mortgage guidelines on VA home loans. VA mortgages are the best home loan program in the Nation. The U.S. government created and implemented VA loans with approval by the U.S. Congress to reward our veterans. Only military veterans with a Certificate of Eligibility (COE) are eligible for VA loans. There…

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Mortgage Processing And Underwriting | Clear To Close | Qualifying & Getting Pre-approved | Videos

Closing a Mortgage on Time: Stress-Free Closing Made Easy
ByAlex Carlucci, NMLS: 229891 April 7, 2026April 8, 2026

Closing a Mortgage on Time: Steps To Prevent Delays And Keep The Process Stress-Free Buying a home is exciting, but nothing is more stressful than worrying about whether your loan will close on time. For many homebuyers, the thought of delays in the mortgage process brings frustration, added costs, or even the loss of the…

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