Buying a home is exciting. But when you’re applying for a mortgage, your bank statements can suddenly become a big deal. Mortgage underwriters will look closely at your finances to make sure you’re ready for homeownership. One thing that often raises questions? Irregular deposits. In this article, we’ll break down exactly what irregular deposits are,…
Buying a House in a Coastal City: The Ultimate Guide to Coastal Living and Homeownership Have you ever dreamed of waking up to the sound of waves crashing against the shore? Alex Carlucci, a senior loan officer at Gustan Cho Associates, explains the benefits of the mild climate in buying a house in a Coastal City…
Adding Yourself to Another Bank Account to Qualify for a Mortgage If you’ve been told that your bank statements could be a problem for mortgage approval, you’re not alone. Many borrowers don’t realize how closely lenders examine bank accounts during the mortgage process. You might struggle to qualify if your account history has overdrafts, irregular…
Low Down Payment Mortgage: First-Time Homebuyer’s Guide to Homeownership Can You Buy a Home With Little to No Down Payment? Yes! If you think you need 20% down to buy a home, think again! Multiple low down payment mortgage options allow first-time homebuyers to secure a home with as little as 0% to 3.5% down….
There are at least four or more components of the housing payment depending on the loan program and the property type. We will show you how Gustan Cho Associates Texas Mortgage Calculator will get you the most accurate monthly housing payment that consists of PITI, PMI, MIP, and HOA. Texas Mortgage Calculator With PITI, PMI,…
Gustan Cho Associates created, developed, and launched the New Hampshire Mortgage Calculator, which renders PITI, PMI, MIP, HOA, and DTI. In the crazy housing market of 2025, the federal government has raised interest rates, making shopping for a home harder than ever. There is a storm of low inventory, rising rates, and cash buyers. These…
Buying a home as a single parent may seem tough, but there are home loans for single moms that can make it easier than you think. Mortgage lenders will check your income, credit score, and how much debt you have compared to your earnings. But don’t worry—special grants and programs are designed to help single…
Gustan Cho Associates and Great Community Authority Forums News are updating a new updated guide on the Southern California Gas Leak and leaving the old version from December 4th, 2015 and the updated version from September 24th, 2018 on its news archive section. The reason we are updating this new guide on Southern California Gas…
Save Over $10K Using a Mortgage Calculator in New Mexico in 2025 Are you dreaming of owning your first home in New Mexico but worried about the cost? A mortgage calculator in New Mexico can be your best friend. It’s not just a simple tool; it’s a game-changer that helps first-time homebuyers make smart decisions,…
Qualifying for Jumbo Loans in 2025: Your Complete Guide If you dream of purchasing a high-value home and need a loan larger than traditional mortgage limits allow, you’re in the right place. Jumbo loans offer the perfect solution for financing homes that exceed conforming loan limits. In this guide, we’ll explain everything you need to…
In this blog, we will cover and discuss IHDA mortgage guidelines on Illinois home purchases. The Illinois Housing Development Authority (IHDA), commonly referred to as IHDA, is a down payment assistance mortgage program for homebuyers in Illinois. IHDA mortgage guidelines make homeownership possible for homebuyers in Illinois by covering the down payment and closing costs…
This guide covers the ill-fated HUD’s FHA Back to Work Mortgage. The FHA Back to Work Mortgage no longer exists. The FHA Back to Work mortgage was a total disaster since the day it was launched. However, Gustan Cho Associates has other similar mortgage loan programs similar to the FHA Back to Work mortgage, such…
Mortgage Approval Without Retracting Credit Disputes: A Complete Guide for 2024 and Beyond If you’re worried about how credit disputes might affect your mortgage approval, you’re not alone. Many borrowers are caught off guard when their lender tells them to retract disputes to move forward. But here’s the good news: under certain conditions, you can…
Understanding Hard Pull Credit Inquiries: Your Guide to Smarter Credit Decisions When you’re considering buying a home, every step you take towards securing your mortgage matters—especially when understanding hard pull credit inquiries. This detailed guide will help you understand hard pull credit inquiries, their impact on your credit score, and how to manage them while…
Employment Offer Letter Mortgage Programs and Guidelines for 2024 Are you a recent graduate or someone starting a new job and wondering how to qualify for a mortgage? You may have heard lenders often require a two-year work history, but did you know there are options for those with little to no job experience? If…
Home Loan With Bad Credit in Iowa: Your Complete Guide for 2024 Don’t lose hope if you have bad credit and dream of buying a home in Iowa. While having bad credit can make the mortgage process challenging, options are still available to help you achieve homeownership. In this updated guide for 2024, we will…
Mortgage Approval Can Be Revoked: What Every Borrower Needs to Know in 2024 Getting your mortgage approval feels like crossing the finish line. But did you know that your approval isn’t guaranteed until closing? Yes, a mortgage approval can be revoked even after it’s initially granted. Whether you’re a first-time homebuyer or refinancing your dream…
This guide covers lending guidelines and mortgage loan programs for non-permanent residents. Certain guidelines exist for non-permanent residents interested in qualifying for a mortgage loan in the United States. Non-permanent residents with work permits or visas can qualify for Conventional and FHA residential mortgage loans if they are legally on work permits in the United…
USDA One Credit Score Mortgage: What You Need to Know to Qualify in 2024 If you’ve been told you can’t qualify for a USDA loan because you only have one credit score, you’re not alone. Many potential homebuyers are turned away by lenders requiring three credit scores, but that’s not the full story. At Gustan…
VA Simultaneous Home Closings with No Overlays: 2024 Guide to Buying Your Next Home Are you considering buying a new home with a VA loan while selling your current one? Simultaneous closings, where you close on both homes on the same day, can help make that transition easier. But the process can be complex, especially…
Conforming Loan Requirements: 2024 Guide for Homebuyers and Refinancers If you’re thinking about buying a home or refinancing your current mortgage in 2024, it’s essential to understand conforming loan requirements. These loans enjoy popularity due to the criteria established by Fannie Mae and Freddie Mac, which generally makes them easier to qualify for and more…
How to Get a Mortgage During or After Chapter 11 Bankruptcy (2024 Updates) If you’re recovering from Chapter 11 Bankruptcy, you might feel unsure about your chances of buying or refinancing a home. But the good news is, you can still qualify for a mortgage, whether you’re in the middle of the repayment plan or…
CALL NOW 