Embarking on a career in mortgage lending is an exciting endeavor, but before you can fully dive into the industry, you must know how to study for the NMLS exam and pass the exam successfully. This standardized test is critical in obtaining your mortgage loan originator license. In this article, we’ll explore effective strategies and…
FHA Mortgage After Bankruptcy Mortgage Guidelines: How to Qualify After Chapter 7 or Chapter 13 Borrowers can qualify for FHA mortgage after bankruptcy. There are two types of bankruptcies and HUD, the parent of the Federal Housing Administration, has different requirements with regards to each type of bankruptcy and the waiting period. Learn FHA mortgage…
This article explores the differences between Fannie Mae And Freddie Mac Versus HUD Guidelines. Acknowledging the complexity of the mortgage business, even for professionals, reflects on the comprehensive overhaul following the 2008 Real Estate and Financial Collapse. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about Fannie Mae and…
This guide covers advice and tips for home buyers in qualifying and getting approved for a mortgage. Buying a home is one of the most important decisions you will make. Whether you are a first-time home buyer or looking to move, the process can seem complicated. But with the right advice and tips, you can…
When the stock market drops sharply, many homebuyers, homeowners, and real estate investors immediately ask the same question: Will mortgage rates go down, too? It is a fair question because market volatility often creates major shifts in borrowing costs, consumer confidence, and housing affordability. Understanding how a stock market correction affects is important for anyone…
Self-Employed Relocation Mortgage Guidelines: What to Expect in 2026, Requirements, and How to Get Approved This guide covers self-employed relocation mortgage guidelines. We will cover the most important guidelines, challenges, and expert approval strategies for self-employed wage earners relocating and buying a house in a new area. Three primary categories of residential mortgages cater to…
This guide covers avoiding home loan denial during the mortgage process. We will go deeply in giving our viewers tips and steps to take in avoiding home loan denial mainly relies on the loan officer. There is no reason why mortgage applicants should get a mortgage denial if they were properly qualified. Learn how to…
The Federal Reserve does not set mortgage rates directly, but understanding how the Fed stabilizes the mortgage market can be crucial for borrowers. When the Fed takes actions to promote stability, it creates calm in the markets, allowing lenders to price loans more consistently. This consistency helps borrowers compare their options more effectively, lock in…
Borrowers with prior outstanding collections, charged-off accounts, and other bad credit can qualify for a mortgage without paying them off. The key to qualifying for a mortgage is not prior bad credit but timely payments.
Changes in mortgage lending in 2026 are occurring in several significant ways, particularly for borrowers who are mindful of loan limits, student loan calculations, down payment options, and flexible qualification programs. Updates to FHA, VA, USDA, conventional, and Non-QM lending could influence how much home buyers qualify for, how debt-to-income ratios are calculated, and which…
In this guide, we will discuss and cover HUD guidelines on student loans vs other mortgage programs. HUD, the Department of Housing and Urban Development, is the parent of FHA. The Federal Housing Administration, FHA, has changed the HUD guidelines on student loans. Alex Carlucci, a senior mortgage loan originator at Gustan Cho Associates says…
NON-QM Jumbo Loans: Flexible Mortgage Options for Bad Credit and Alternative Income Documentation NON-QM jumbo loans are alternative mortgage loan programs for owner-occupant primary homes, second homes, and investment properties. Most non-QM loans do not have maximum loan limits. Any non-QM or alternative lending products with a loan balance higher than the 2026 conforming loan…
Non-QM 90 LTV Jumbo Loans: How High-Balance Borrowers Qualify With Less Than 20% Down In this blog, we will discuss and cover our traditional 90 LTV jumbo loans with no private mortgage insurance required. Gustan Cho Associates offers a wide variety of traditional and non-traditional alternative jumbo mortgage programs. Learn about Non-QM 90 LTV jumbo…
Conventional Versus Government-Backed Mortgages: Which Loan Fits You Best? When you’re buying a home, one of the first big decisions is choosing between conventional versus government-backed mortgages. These two loan categories dominate the U.S. housing market and affect your down payment, credit score requirements, and even what type of property you can buy. In this…
This guide covers mortgage guidelines on foreclosure and bankruptcy. If a mortgage loan borrower had a prior bankruptcy, there is a 2-year waiting period from the date of the bankruptcy discharge before a home buyer has to wait to qualify for FHA and VA Loans. If you have foreclosure but not bankruptcy, the following applies:…
The mortgage industry has gone through dramatic shifts over the past few years. From rising interest rates to new loan limits and updated underwriting standards, mortgage guidelines on home loans continue to evolve. At Gustan Cho Associates, we know how confusing these changes can be for borrowers. That’s why this 2026 guide breaks down the…
It has been over a dozen years since the 2008 financial crisis. Skyrocketing home prices is no doubt scaring mortgage regulators of another potential housing bubble and crisis. However, strong extensive mortgage regulations were implemented to avoid another housing crash and mortgage crisis.
VA home loans are among the most powerful benefits available to eligible veterans, active-duty service members, and certain surviving spouses—often offering 0% down, no monthly mortgage insurance, and more flexible credit guidelines than many other programs. This guide breaks down VA home loan requirements in plain English, including eligibility, the Certificate of Eligibility (COE), credit…
In this guide, we will cover the best strategies for buying and selling a ome at the same time. Buying and selling a home at the same time can feel like juggling fireballs—exciting but stressful. If you’ve ever wondered how to handle both without losing your mind, you’re not alone. Many homeowners find themselves in…
This article will discuss HUD bankruptcy guidelines following Chapter 7 and Chapter 13 bankruptcy, particularly about FHA loans. HUD Bankruptcy Guidelines affirm that individuals can become eligible for FHA loans after Chapter 7 and Chapter 13 Bankruptcy filings. Many prospective homebuyers, particularly those entering the market for the first time, may erroneously believe that obtaining…
Buying a house during a recession can feel scary. News headlines discuss job losses, high prices, and interest rate changes. At the same time, you may come across homes that fit your needs, and worry that you will miss your chance. This guide is here to help you buy a house even when the economy’s…
How to Qualify for Small Business Loans: 2026 Guide for Entrepreneurs Are you a small business owner looking for funding to grow your business? Getting approved for small business loans can help you move forward, whether you’re just starting or trying to expand. In this updated 2026 guide, we’ll break down the loan process in…
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