Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
Buying a home during economic uncertainty can feel scary. News headlines discuss layoffs, inflation, rising prices, and shifting interest rates. You might ask yourself: “Is this the right time to buy?” “What if I lose my job?” “What if home values go down after I close?” The truth is, people are always buying homes in…
NEXA Branch Manager Career Opportunities In this guide on NEXA career opportunities, we will discuss why there are no better career opportunities in the mortgage industry than at NEXA Lending. NEXA Lending, LLC has a lending network of over 280 wholesale mortgage lenders. Not only do we have dozens of lending networks with dozens of…
Buying a home after rental problems can feel overwhelming, especially if past-due rent, collections, landlord debt, or an eviction are still affecting your credit or rental history. Many renters who went through hardship during the pandemic or after job loss, rising costs, or other financial setbacks now wonder whether homeownership is still possible. In many…
This guide will discuss the FHA loan limits for standard and high-cost counties throughout the 50 states. Each state has FHA loan limits based on the county. HUD, the parent of FHA, sets the annual maximum FHA loan limits in standard and high-cost counties in the U.S. 2026 FHA Loan Limits First, Select Your State…
The Illinois pension crisis is not just a state budget story. It can affect homeowners and buyers in a very real way through higher property taxes, larger escrow payments, and tighter mortgage affordability. If taxes rise, your monthly housing payment can rise too, even if your interest rate stays the same. This guide explains the…
Getting approved for a mortgage with marginal credit scores is possible, but the margin for error is smaller. A small score drop, a new account, or a missed payment during the mortgage process can affect your loan options, pricing, or approval status. The good news is that many borrowers with lower or near-minimum credit scores…
Commercial Real Estate Loans: Your 2026 Guide to Smart Investment Financing Thinking about buying a rental building, retail store, or office space? You might need a commercial real estate loan to make it happen. Commercial real estate loans are built for business and investment properties, unlike home loans. In this guide, we’ll explain what they…
This guide covers non-warrantable condos and condotel mortgage rates. A condotel, or a condo-hotel, is a condominium unit located within a hotel or a hotel-like condominium project. Major hotel brands such as Marriott Hotels, Hyatt Hotels, and Trump Hotels often include condotels in their hotel complexes. Condotels are owned by individuals, investors, or other private…
Quick Answer: Documents Required for Mortgage Processing and Underwriting To avoid delays and get to closing on time, submit a complete, legible, all-pages-included document package before your loan file goes to underwriting. Most borrowers will need photo ID, proof of income and employment, 60 days of asset statements, debt details, and property paperwork (a purchase…
This blog will discuss how mortgage underwriters calculate property taxes on new construction homes. Property taxes on new construction homes can often affect the homebuyer’s debt-to-income ratio due to being estimated versus an exact number. The exact property taxes on new construction homes are not known until a few years after the development has been…
Deciding whether to go with an FHA loan or a conventional loan in Florida isn’t just about the interest rate you find online. For many borrowers—especially with credit scores in the 620–680 range—the “cheaper” option on paper can end up costing more each month once you factor in mortgage insurance (PMI vs. FHA MIP), loan-level…
Reverse Mortgage Loans: Complete 2026 Guide for Seniors (Age 62+) Thinking about a reverse mortgage? If you’re 62 or older and own a home, a reverse mortgage can let you turn part of your home equity into cash—without required monthly mortgage payments. This guide explains how reverse mortgages work, who qualifies, the pros and cons,…
Quick Answer: Home Loan After Chapter 7 Bankruptcy Yes—many buyers can qualify for a home loan after Chapter 7 bankruptcy once the required waiting period is met (often 2 years for FHA/VA, longer for other programs). Your timeline depends on your discharge date, re-established credit, and clean payment history since bankruptcy. Late payments, new collections,…
Quick Answer: The Vermont Mortgage Calculator powered by GCA Mortgage Group estimates your real monthly housing payment—not just principal and interest. It’s built for Vermont homebuyers, homeowners, and first-time buyers who want a clearer budget before making an offer. Add taxes, homeowners’ insurance, PMI/MIP, HOA dues, and income/debts to see total payment and DTI ratios….
Quick Answer Yes—you can still qualify for a mortgage with negative credit history, even with late payments, collections, or a past bankruptcy/foreclosure. Underwriters focus on your recent payment behavior, income stability, and how you’ve rebuilt since the hardship, not just your score. The right loan program (FHA, VA, Conventional, or Non-QM) makes a big difference….
Quick Answer Mortgage loan programs for homebuyers include Conventional, FHA, VA, USDA, Jumbo, and Non-QM options. Picking the right option really comes down to a few key factors: your credit score, how much cash you’re putting down, your income, your debt-to-income ratio, where the property is, and the size of the loan. Sometimes, a lender…
Quick Answer To get approved for a mortgage, you usually need to know how to remove credit disputes (the “consumer disputes this account” flag) before underwriting—unless they’re exempt (often medical disputes, zero-balance non-medical, older disputes, or small total balances). The fastest fix is to request that the bureau/creditor remove the dispute notation, then confirm it…
Quick Answer: Jumbo Loans After Foreclosure Yes—you can get a jumbo loan after foreclosure, primarily through non-QM/portfolio jumbo lenders that may allow financing much sooner than traditional jumbo channels (sometimes even with little to no formal waiting period, depending on the investor and your overall file strength). However, traditional jumbo loans often mirror conventional timelines,…
Quick Answer: When Is Your First Mortgage Payment Due? Your first mortgage payment is usually due on the 1st of the month after you’ve owned the home for one full month—often 30–60 days after closing. Most common timeline: your first payment is due on the first day of the second month after closing. Close June…
Open houses are one of the simplest ways to connect buyers and sellers in real time—without the back-and-forth of scheduling private showings. For buyers, an open house is a low-pressure chance to walk through the home, spot condition issues that photos don’t show, and ask questions on the spot. For sellers, it can create more…
Quick Answer: Credit Report for a Mortgage (What to Know) Mortgage lenders don’t use a screenshot of your credit app—they typically pull a tri-merge credit report (Equifax, Experian, TransUnion) through their system to verify your scores, accounts, payment history, and debt-to-income ratio. Before You Apply, Do This: Check your credit reports first so you can…
Chicago property tax increases don’t just make headlines—they can raise your mortgage payment even if your interest rate never changes. That’s because most homeowners pay taxes through an escrow account. When the annual tax bill rises, your lender adjusts your monthly escrow deposit to cover it. In this guide, you’ll learn (in plain English) how…
CALL NOW