Best Mortgage Lender in Oregon: Why Gustan Cho Associates Is Your #1 Choice in 2025 If you’re looking for the best mortgage lender in Oregon, you want more than just low rates. You need a lender who can actually get your loan approved, even if other banks have turned you down. At Gustan Cho Associates,…
This guide covers how do mortgage lenders view periods of unemployment. Qualified income is extremely important when qualifying for a residential home loan. Can borrowers qualify with gaps in employment in the past two years? The answer to the above question is an absolute YES. Most lenders do want to see a solid two-year full-time…
Debt-to-Income Ratio Overlays: What Homebuyers Need to Know Your debt-to-income ratio (DTI) matters to lenders when getting a mortgage. But here’s the catch: different lenders have their own set of rules. Some can add their own extra restrictions on top of the basic guidelines, and these extra rules are what we call debt-to-income ratio overlays….
Why Is GCA Different Than Other Lenders? Are you tired of being told “no” by mortgage lenders? Have you been denied a loan because of bad credit, bankruptcy, or income issues? You’re not alone. At Gustan Cho Associates (GCA), we help borrowers that other lenders turn away. In this guide, we’ll explain exactly why GCA…
What Are Hard Money Lenders? A Simple Guide for Real Estate Investors and Borrowers If you’ve been turned down by a bank or need fast funding to buy or fix a property, you’ve probably encountered the term hard money lenders. But what are they exactly? In this updated guide by Gustan Cho Associates, we’ll break…
Steps in the Underwriting Process: What Borrowers Need to Know in 2025 If you’re buying a home or refinancing your current mortgage, you’ll eventually go through something called underwriting. It might sound complicated, but it doesn’t have to be. In this guide, we break down the steps in the underwriting process using everyday language. Our…
Do All Lenders Have the Same Guidelines on VA Loans? One of the most frustrating experiences for VA homebuyers is getting different answers from different lenders. You may meet the official VA loan guidelines, but some lenders still tell you no—while others say yes to the exact same loan scenario. Why? Because not all lenders…
The Best Mortgage Lenders for 500 to 620 FICO in 2026 If you have a credit score between 500 and 620, you might think getting a mortgage is impossible. The truth? You CAN still qualify for a home loan! The key is finding the right lender that understands your financial situation and offers mortgage programs…
FHA High-Balance Lenders in New Jersey: Get Approved with Lenient Guidelines If you’re looking for FHA high-balance lenders in New Jersey, you’re in the right place. Many homebuyers struggle to find lenders that offer FHA high-balance loans without strict overlays or excessive rate markups. This guide will explain everything you need to know, including loan…
Best Mortgage Lenders for Bad Credit in Hawaii: Get Approved in 2025 If you have bad credit and want to buy a home in Hawaii, you might be wondering: Can I get a mortgage? Are there lenders that will approve me? The answer is YES! Many lenders offer mortgage loans for bad credit in Hawaii,…
South Dakota FHA Lenders for Under 600 FICO: How to Get Approved for a Mortgage in 2025 Are you looking for South Dakota FHA lenders for under 600 FICO? If your credit score is below 600, you may have been told by banks and lenders that you don’t qualify for an FHA loan—but that’s not…
This guide covers lenders for best rates. We have seen high interest rates and skyrocketing mortgage rates. Still to this day, there are many lenders with high rates. Consumers are not ignorant of rates. The higher the mortgage lender’s commission, the higher the rate. That is why Gustan Cho Associates has a national reputation for…
FHA Loans Chicago: Your 2024 Guide to Affordable Homeownership Buying a home in Chicago can be daunting, especially with rising property values and high living costs. However, FHA loans have made homeownership more accessible and affordable for thousands of Chicago residents. Whether you’re a first-time buyer or simply looking for a better way to finance…
Looking for the best Minnesota mortgage lenders for bad credit might seem daunting, but it doesn’t have to be. If you’ve faced rejection because of a low credit score or are just starting to explore your mortgage options, this detailed guide is here to light the way. It’s designed to break down the process into…
The lending requirements on FHA loans are not the same for all Maryland FHA Lenders. There are two different categories of guidelines that govern FHA loans. These are the HUD agency mortgage guidelines and lender overlays, which are the individual lender requirements that go beyond those of the HUD agency. Many people think lenders who…
In this blog, we will discuss and cover bad credit mortgage lenders in Rhode Island for borrowers with bad credit and credit scores down to 500 FICO. Not all lenders in Rhode Island are the same. They may have the same loan programs but different guidelines. Many Rhode Island homebuyers with bad credit apply for…
In this article, we will cover and discuss qualifying and getting approved with the best New Hampshire Mortgage Lenders for bad credit after being denied by another lender. Not all lenders have the same lending requirements on government and conforming loans. Many borrowers looking for the best New Hampshire mortgage lenders for bad credit unknowingly…
Jumbo Mortgages are home mortgage loans that are higher than the conforming loan limit. The conforming loan limit for 2024 is $766,550. Conforming mortgage loans are mortgage loans that conform to Fannie Mae and Freddie Mac Guidelines. Fannie Mae and Freddie Mac have caps on conforming loan limits. Every year, the Federal Housing Finance Agency…
When And Why Do Mortgage Lenders Ask For Reserves? On VA and FHA manual underwriting, one month’s reserves are required. Multi-family units require reserves by homebuyers.
In this blog, we’ll explain the qualifying credit score that lenders use for mortgages. Mortgage underwriters determine this score by selecting the middle credit score from a tri-merge credit report. When a mortgage applicant applies, the loan officer pulls a report to evaluate creditworthiness. Not all creditors rely on tri-merge credit reports. It is common…
It’s important to note that Mortgage Lender Complaints and Bad Reviews submitted by borrowers do exist, but readers should understand the context. Consumers must recognize that prominent national lenders, such as Chase Bank, Quicken Loans, and Guaranteed Rate, are major players in the mortgage industry and employ hundreds, if not thousands, of loan officers. Although…
This guide covers funds in bank statements that mortgage lenders cannot use. All funds in bank statements that are newer than 60 days need to be sourced. All lenders require two months of bank statements from borrowers. In order for lenders to be able to use funds in bank statements, the funds needs to be…
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