Reasons to Buy a Home in Tennessee: 2025 Guide for Smart Homebuyers Thinking about moving? You might be surprised by how many people are now buying homes in Tennessee. The Volunteer State is one of the most popular places to live in 2025, for good reason. At Gustan Cho Associates, we work with families, investors,…
Conventional Loans with Derogatory Credit: How to Qualify and Get Approved If you have had past credit problems, such as bankruptcy, foreclosure, or short sale, you might be wondering: Can I still qualify for a conventional mortgage? The answer is totally yes, and this guide will show you exactly how to do it. At Gustan…
Manual Underwriting With Extenuating Circumstances: 2025 Guide to Mortgage Approval Buying a home can feel impossible when you’ve had tough times, like losing your job, facing a medical emergency, or going through a bankruptcy. If a lender told you “no,” don’t give up. You may still qualify for a mortgage through manual underwriting with extenuating…
This guide covers Freddie Mac student loan guidelines on conventional loans. Conventional loans are called conforming loans because they need to conform to Fannie Mae and/or Freddie Mac agency mortgage guidelines. Conforming loans are not government loans. Conventional loans are private loans originated and funded by private mortgage lenders and banks. Many borrowers ask if…
In this blog, we will cover and discuss FHA guidelines on late payments after bankruptcy. Borrowers are often confused with FHA guidelines on late payments after bankruptcy due to being turned down for an FHA Loan if they have late payments after bankruptcy. Recent late payments in the past 12 months are not good. John…
Buying a home in North Carolina? Don’t guess your payment—know it down to the dollar. Our North Carolina mortgage calculator gives you a full monthly estimate, including taxes, insurance, PMI, HOA fees, and even your debt-to-income ratio. Whether buying your first home or upgrading, use this innovative tool to budget like a pro in 2025….
This guide covers effective ways to finance your dream condo for condominium buyers. Acquiring a house or a condominium unit within the sprawling and bustling metropolitan area can be a young professional’s dream come true. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about effective ways to finance your…
FHA-insured mortgage loans are home loans made by private mortgage lenders and insured by the Federal Housing Administration. FHA does not lend money directly to homebuyers. Instead, FHA protects approved lenders if a borrower defaults, which allows lenders to offer more flexible credit, down payment, and debt-to-income guidelines than many conventional loan programs. For many…
Waiting Period After Loan Modification: What You Need to Know Before You Apply for a Mortgage If you’ve gone through a loan modification, you’re not alone. Many homeowners have faced tough times and had to work with their lenders to lower their monthly mortgage payments. But once you’re back on your feet, a big question…
Buying a House in Iowa: Everything You Need to Know in 2025 If you are considering buying a house in Iowa, you are not alone. Many people are realizing the benefits of owning a home in the Hawkeye State. This guide will help you, whether you are a first-time buyer, moving from another state, or…
This blog covers how the artic blast cause homeowners havoc like it did back in January 2019. Chicago and nearby towns, municipalities, and cities experienced the Great Chicago Artic Blast in the city history. We have updated the original blog published on January 2019 titled Artic Blast Cause Homeowners Havoc. John Strange, a senior mortgage…
Are There Any Mortgage Lenders That Offer 95% CLTV Jumbo Mortgages For High-End Home Purchases? Gustan Cho Associates are experts in helping buyers of high-end homes qualify for 95% CLTV Jumbo Mortgages for high-end properties.
This blog examines the eligibility requirements for FHA loans after unemployment or employment gaps. Prospective FHA loan applicants now have the opportunity to qualify, even if they have faced periods of unemployment or breaks in their employment history. Contrary to a widespread misconception that obtaining these loans necessitates an uninterrupted two-year work history with no…
How Holidays Affect the Mortgage Process: What Every Homebuyer Should Know Buying a home is one of the most significant moments in your life. But if you plan to close during a holiday season, you may run into delays you weren’t expecting. In this guide, we’ll explain how holidays affect the mortgage process, what causes…
Manual Downgrade from AUS Approval: What It Means and How to Get a Mortgage in 2025 Getting a mortgage can feel like a roller coaster. One minute, you’re told you’re approved. The next? You’re told your file is being downgraded. If you’ve heard the words “manual downgrade from AUS approval,” you’re not alone. And don’t…
Credit Requirements: What You Need to Know to Get a Mortgage If you’re planning to buy a home, one of the first questions you may have is: “What are the credit requirements to get approved for a mortgage?” This guide will break it down for you in simple terms. We’ll walk you through the basics,…
Maine Mortgage Calculator: 2025 Guide to Budgeting Your Home Purchase Are you thinking about buying a home in Maine? Before falling in love with your dream house, it’s important to ensure it fits your budget. The easiest way to do that? Use the Maine mortgage calculator by Gustan Cho Associates. Our calculator goes beyond principal…
Idaho Mortgage Calculator: Your 2025 Guide to Smarter Home Buying Are you thinking about buying a home in Idaho? Before you fall in love with a property, you need to know if it fits your budget. That’s where the Idaho mortgage calculator from Gustan Cho Associates can help. It doesn’t just give you an estimate—it…
FHA Back to Work Home Loans: 2025 Guide to Buying After Hardship If you lost your job, went through a foreclosure, or filed for bankruptcy in the past, and you’re wondering if homeownership is still within reach, you’re not alone. Many families are looking for ways to bounce back after financial hardship. That’s where the…
Delaware Mortgage Calculator: Get Real Payment Estimates Instantly Are you buying a home in Delaware? Use the Delaware mortgage calculator powered by Gustan Cho Associates to see your real monthly mortgage payment. This calculator goes beyond just principal and interest—it shows you the whole picture, including property taxes, homeowners insurance, HOA dues, PMI, and more….
Bad Credit Mortgage Loans New York: How to Qualify in 2026 If you live in New York and have bad credit, you might think getting a home loan is impossible. The good news? It’s not. At Gustan Cho Associates, we help people qualify for bad credit mortgage loans in New York daily. Even if your…
Qualifying for Mortgage With Irregular Income: 2025 Guide for Homebuyers Are you worried that your irregular income might stop you from getting a home loan? You’re not alone. Many self-employed workers, gig economy earners, and even hourly W-2 employees face the same fear. The good news? Qualifying for mortgage with irregular income is possible—and at…
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