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This blog will discuss qualifying for a VA loan during Chapter 13 Bankruptcy mortgage guidelines. Many of our clients at Gustan Cho Associates are told they do not qualify for a VA loan during Chapter 13 Bankruptcy. Many homebuyers are told they can’t qualify for a VA loan during Chapter 13 Bankruptcy. You need to…
From Setback to Comeback A deed-in-lieu of foreclosure is one of the toughest financial decisions a homeowner can face. You may have turned over your home to the lender to avoid a full foreclosure. While it helped you close that chapter, the question remains: “When can I qualify for a conventional loan again?” The good…
Apartment Building Loans: Your Complete Guide in 2025 If you plan to buy or refinance a multifamily property, look for apartment building loans. Whether it’s a small duplex, a medium-sized apartment complex, or a large multifamily project, getting the right financing is key to your investment success. At Gustan Cho Associates, we help real estate…
Non-QM Loan Waiting Period Guidelines: Buy a Home Sooner After Bankruptcy or Foreclosure Life happens. Job loss, medical bills, divorce, or other hardships can leave borrowers facing bankruptcy, foreclosure, deed in lieu, or a short sale. For many, the biggest question after a financial setback is simple: “How long do I have to wait before…
Conditional Mortgage Approval Versus Pre-Approval: What Borrowers Need to Know in 2025 Buying a home is super exciting, but the mortgage process can be overwhelming if you’re unclear on what all the terms mean. One of the biggest things that trips up homebuyers is understanding the difference between conditional mortgage approval and pre-approval. At first…
This guide covers the pros and cons of home equity conversion mortgage. There are the pros and cons of home equity conversion mortgage. A government-insured Home Equity Conversion Mortgage (HECM) offered the Federal Housing Administration (FHA) is one type of mortgage loan program commonly referred to as a reverse mortgage. Dale Elenteny, a senior mortgage…
How to Avoid Customer Complaints as a Loan Officer: Proven Tips That Work The mortgage business is full of moving parts, pressure, and paperwork. When something goes wrong, the borrower finds it hard. That’s why knowing how to avoid customer complaints as a loan officer isn’t just important—it’s essential. At Gustan Cho Associates, we specialize…
This guide covers the benefits of FHA loans for first time homebuyers. There are many benefits of FHA loans for first time homebuyers. There are also the benefits of FHA loans for homebuyers with prior bad credit, bankruptcy, foreclosure, deed-in- lieu of foreclosure, and short sale. FHA loans make home ownership possible with only a…
This guide covers how much money do I need to buy a house. One of the most common first time home buyer questions is how much money do I need to buy a house. On all home purchase transactions, there are two types of funding a home buyer needs: The down payment on a home purchase….
This guide covers Fannie Mae non-citizens mortgage guidelines on conventional loans. Recently Fannie Mae added clarity to Fannie Mae non-citizens mortgage guidelines. Per Fannie Mae non-citizens mortgage guidelines on conventional loans, borrowers do not have to be U.S. citizens to qualify for home loans. Fannie Mae non-citizens mortgage guidelines, homebuyers can qualify for a home…
2026 Conforming Loan Limit Guide: What Borrowers Need to Know At Gustan Cho Associates, we want to help you understand how the conforming loan limit impacts your home loan. Whether you’re buying, refinancing, or shopping in a high-cost area, this guide explains the updated current conforming loan limits for 2026 and how they can help…
This guide covers rebuilding and re-establishing your credit by being an authorized credit card user. There are many home buyers who are qualified for a home mortgage but do not quite meet the minimum credit score requirements. Many have paid all of their bills in time for the past two years but have lower credit…
In this guide, we will cover Feds start land seizures along the Texas border to clear path for new wall. President Donald J. Trump pledged to build a border wall along the Southern Border in his 2016 election campaign and has honored that pledge once elected. When Trump was defeated by Joe Biden in 2020…
Buying a House With Tenants: Everything You Need to Know Buying a house with tenants already living there can be a smart or risky move. Whether you plan to move in or invest, it’s important to understand what you’re getting into. In today’s tight housing market, buying a house with tenants is more common than…
Refinancing Non-QM to Conforming Loans in 2025: A Smart Move for Lower Rates If you have a non-QM loan and you’re wondering if refinancing into a conforming loan is possible, the answer is yes. In fact, many homeowners use non-QM mortgages as a stepping stone and plan on refinancing non-QM to conforming loans once they…
Can You Close Your Investment Property Under A Limited Liability Corporation? Many wholesale real estate investors will not allow borrowers of investment properties to close
Non-QM Loans for Real Estate Investors: A Smart Alternative to Hard Money in 2025 If you’re a real estate investor looking to buy a rental property, fix and flip a home, or grow your portfolio, you may have hit a wall with traditional lenders. Maybe the bank said no because you’re self-employed, don’t show enough…
Mortgage Payment Structure Explained: What Every Homebuyer Needs to Know Are you considering buying a home but unsure what a mortgage payment includes? You’re not alone. A lot of first-time homebuyers don’t realize that their mortgage payment includes more than just paying back the loan. In this updated guide, we’ll explain exactly how a mortgage…
Can You Qualify For Manual Underwriting With Late Payments? VA and FHA allow manual underwriting for borrowers who cannot get an approve/eligible per automated underwriting system.
In this blog, we will cover and discuss qualifying and getting a mortgage approval for home purchase on acreage in rural areas. Gustan Cho Associates is licensed in 48 states including Washington, DC, Puerto Rico, and the U.S. Virgin Islands. We have dozens of options for mortgage approval for home purchase on acreage in rural…
USDA Underwriting Guidelines: 2025 Guide to Getting Approved for a USDA Loan Are you looking to buy a home in a rural or suburban area with little to no money down? The USDA loan program might be perfect for you. In this updated 2025 guide, we break down the USDA underwriting guidelines in plain English,…
Rhode Island Mortgage Calculator: 2025 Guide to Smart Home Buying Are you shopping for a home in Rhode Island? Want to know your real monthly mortgage payment before you fall in love with a house? You need a smart, accurate, easy-to-use Rhode Island mortgage calculator that gives you the whole picture—not just principal and interest….
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