Search Results for: lender overlays

FHA Loans | Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | Mortgage Refinance | VA Loans

Refinancing During Chapter 13 Bankruptcy Repayment
ByGustan Cho, NMLS 873293 February 17, 2025August 19, 2026

Is it Possible to Refinance During Chapter 13 Bankruptcy? Yes, refinancing during Chapter 13 bankruptcy is possible! Many homeowners think they must wait until after bankruptcy to refinance, but that’s not true. FHA and VA loans allow refinancing during an active repayment plan, but you must meet lender and court requirements. At Gustan Cho Associates,…

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Arkansas Mortgage Calculator With PITI, PMI, HOA, and DTI
ByGustan Cho, NMLS 873293 February 16, 2025September 28, 2026

Arkansas Mortgage Calculator: To make the home buying process easier and more convenient for our clients, Gustan Cho Associates has launched the Arkansas Mortgage Calculator with the DTI feature. The team at Gustan Cho Associates spent months of research and development in designing and creating the most user-friendly mortgage calculator for borrowers as well as…

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California Mortgage Calculator | How Much House Can I Afford
ByGustan Cho, NMLS 873293 February 13, 2025September 28, 2026

Buying a home in California is a dream for many, but understanding how much you can afford can feel overwhelming. That’s where the California Mortgage Calculator by Gustan Cho Associates comes in. This advanced yet easy-to-use tool helps you calculate your monthly mortgage payment—not just the principal and interest but everything else, like taxes, insurance,…

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Oregon Mortgage Calculator With PITI, PMI, HOA and DTI
ByGustan Cho, NMLS 873293 February 13, 2025September 23, 2026

Homebuyers in Oregon can now accurately calculate their total housing payment using the Oregon Mortgage Calculator with PITI, PMI, and HOA powered by Gustan Cho Associates. Oregon has one of the highest home prices in the nation. The state is drawing in a lot of new families from other states due to the beautiful landscape,…

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FHA Loans | Mortgage After Bankruptcy and Foreclosure | Videos

FHA Loan During Chapter 13 Bankruptcy in Arizona
ByGustan Cho, NMLS 873293 February 12, 2025August 27, 2026

FHA Loan During Chapter 13 Bankruptcy in Arizona: How to Get Approved in 2025 Buying a home while navigating Chapter 13 Bankruptcy might seem daunting, but here’s some good news—you can qualify for an FHA loan during Chapter 13 Bankruptcy in Arizona. Many lenders say you need to wait until your bankruptcy is discharged, but…

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Alabama Mortgage Calculator Powered By Gustan Cho Associates
ByGustan Cho, NMLS 873293 February 11, 2025September 28, 2026

Using the Alabama Mortgage Calculator, you can figure out how much your monthly mortgage payment will be, including PMI, property tax, insurance, and, if applicable, HOA fees. The Alabama Mortgage Calculator, created and powered by Gustan Cho Associates, is the most user-friendly mortgage calculator available. Gustan Cho Associates’s Alabama Mortgage Calculator is the most accurate…

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Wyoming Mortgage Calculator With PITI, PMI, HOA, and DTI
ByGustan Cho, NMLS 873293 February 11, 2025September 16, 2026

Gustan Cho Associates like to introduce our newly launched Wyoming Mortgage Calculator with PITI, PMI, MIP, HOA, and DTI features. If you live in the “Equality State” also known as Wyoming, you know the housing market is crazy right now. There are many factors that have contributed to the booming real estate market in Wyoming…

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Student Loans | Videos

How Student Loans Affect Qualifying For Mortgage
ByGustan Cho, NMLS 873293 February 10, 2025August 27, 2026

This article is about how student loans affect qualifying for mortgage. Two types of debts are the biggest hurdles most home buyers will encounter when qualifying for a mortgage loan. They are student loan debts and automobile monthly payments. Student loan debts can be tens of thousands of dollars. A car payment can be a…

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Career Opportunities/Loan Officer Training

The 27-Second Effect Research Data and Effects on Driving
ByAlex Carlucci, NMLS: 229891 February 7, 2025May 20, 2026

This guide covers the 27-second effect research data and effects on driving. If you’re like most people, you probably need a few moments to re-establish mental focus after ending a phone call or sending a text message: This holds true even if you’re using a hands-free system in your car. But what if the next…

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Headline News Archives

Housing Economic Outlook and How It Impacts Homebuyers
ByAlex Carlucci, NMLS: 229891 January 26, 2025May 19, 2026

Housing Economic Outlook and how it impacts Homebuyers (Updated January 26, 2025) Introduction Housing Economic Outlook: Market activity at the regional level continues to be very active and attended to owing to constant shifts in the economy, changes in population, and an increase in new laws and rules being passed. This updated Housing Economic Outlook…

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

Freddie Mac Bankruptcy Guidelines on Conventional Loans
ByGustan Cho, NMLS 873293 January 17, 2025August 6, 2026

In this blog, we will discuss and cover Freddie Mac bankruptcy guidelines on conventional loans. Mortgage borrowers can qualify for government and conventional loans after bankruptcy. However, government and conventional loans require a waiting period after bankruptcy. The waiting period requirements depend on the individual mortgage program. Gustan Cho Associates offer non-QM mortgages one day…

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Bad Credit Mortgages

Mortgage Guidelines 101 For Borrowers & Loan Officers
ByMike Gracz, NMLS: 1160212 January 16, 2025September 17, 2026

Mortgage Guidelines 101: A Complete Guide for Borrowers and Loan Officers Welcome to Mortgage Guidelines 101, the ultimate guide for borrowers and new loan officers! At Gustan Cho Associates, we understand that the mortgage process can feel overwhelming. Whether you’re a first-time homebuyer or a new loan officer eager to master the basics, this blog…

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Bad Credit Mortgages | Mortgage Processing And Underwriting | Mortgage With Late Payments | Videos

Credit History and Recent Late Payments? Get Help Today
ByGustan Cho, NMLS 873293 January 10, 2025July 20, 2026

How Underwriters View Credit History and Recent Late Payments When buying a home, your credit history and recent late payments play a big role in whether you’re approved for a mortgage. Mortgage lenders carefully review your credit history to understand how you’ve managed debt over time. Late payments, especially within the past 12 months, can…

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Home Mortgages | Bad Credit Mortgages | Charge Off Accounts

Home Loan After Second Mortgage-Charge-Off
ByGustan Cho, NMLS 873293 January 10, 2025August 27, 2026

Home Loan After Second Mortgage Charge Off: Your Complete Guide to Getting Approved Qualifying for a home loan after a second mortgage charge off might feel like an uphill battle, but it’s possible! At Gustan Cho Associates, we specialize in helping borrowers overcome unique challenges, like charge-offs, to achieve their homeownership dreams. In this guide,…

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Home Purchase

Nevada Housing Market Expected To Remain Strong
ByGustan Cho, NMLS 873293 January 9, 2025September 21, 2026

This guide covers the Nevada housing market and forecast of home prices. As if the good news weren’t enough last year that the Nevada Housing Market appreciates nearly 10% appreciation in property values, the GLVAR reported this past month that homes are still appreciating at a modest 8% over the last quarter. Nevada home prices have…

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Bad Credit Mortgages

Tire Maintenance and Safety Advice for Car Owners
ByAlex Carlucci, NMLS: 229891 December 27, 2024September 9, 2026

This guide covers tire maintenance and safety for car owners. Your vehicles tires are the only part of your vehicle that has direct contact with the road. Tires affect how your vehicle handles, rides, brakes and thus performs. For optimum performance and maximum longevity of your tires, proper tire pressure, balance, alignment and tread depth…

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Bad Credit Mortgages

Benefits of Homeschooling versus Public Education
ByAlex Carlucci, NMLS: 229891 December 26, 2024April 16, 2026

This guide covers the benefits and negatives of homeschooling versus public education. Lately I’ve been feeling kind of nostalgic about air travel as it used to be before the 90’s. I remember that flying was a grand event. My grandmother used to wear her best suits, her finest jewelry and even hats. Dressed up as…

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Career Opportunities/Loan Officer Training

Taking Tests For Job To Start a Career as a Loan Officer
ByDale Elenteny, NMLS: 904444 December 23, 2024May 20, 2026

This guide covers taking test for job to get started to a career as a mortgage loan officer. I am currently dealing with the issue of worrying too much about an upcoming test. If you read my previous article about passing the NMLS exam on the first try, I know I said you need to…

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Bad Credit Mortgages | Letter Of Explanation | Videos

Home Loan With Recent Late Payments Mortgage Guidelines
ByDale Elenteny, NMLS: 904444 December 19, 2024August 6, 2026

Qualifying for a Home Loan with Recent Late Payments in 2024 Are you struggling with recent late payments but still dreaming of owning a home? Don’t worry—you’re not alone. At Gustan Cho Associates, we specialize in helping borrowers navigate tricky credit situations, including getting a home loan with recent late payments. While late payments can…

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Mortgage After Bankruptcy and Foreclosure | FHA Loans | Manual Underwriting | VA Loans | Videos

Manual Underwriting During Chapter 13 Mortgage Process
ByGustan Cho, NMLS 873293 December 19, 2024August 18, 2026

In this article, we will discuss and cover manual underwriting during Chapter 13 mortgage process. Homebuyers can qualify for an FHA loan or VA loan while in an active Chapter 13 Bankruptcy repayment plan via manual underwriting. Manual underwriting is only allowed on FHA and VA loans. No other loan program permits manual underwriting. There…

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Bad Credit Mortgages | FHA Loans | NON-QM Loans

Bad Credit Mortgage Loans Kansas: Winning Strategies
ByAlex Carlucci, NMLS: 229891 December 18, 2024August 21, 2026

Unlock Your Dream Home in Kansas: A Guide to Bad Credit Mortgage Loans in 2024 If you’re eyeing a new home in Kansas but worry about your credit history, you’re in the right place. Despite what you might think, a few credit mishaps don’t shut the door on your dream home. In Kansas, the housing…

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Mortgage Insurance

Refinancing With FHA Mortgage Insurance Premium Reduction
ByGustan Cho, NMLS 873293 December 16, 2024May 11, 2026

Refinancing your mortgage is a smart way to lower your housing costs and save money over time. For FHA homeowners, the option to refinance with a Mortgage Insurance Premium (MIP) reduction can amplify these benefits. Here’s what you need to know about this opportunity and how to take advantage of it. What Is FHA Mortgage…

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