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In this article, we will discuss and cover lenders changing mortgage guidelines post COVID-19 ERA due to skyrocketing rates, market volatility, and an unstable housing market. We will be comparing mortgage lenders changing mortgage guidelines due to liquidity issues in the secondary mortgage bond market. The coronavirus pandemic had lenders changing mortgage guidelines due to…
Eligible active duty and retired veterans meeting the minimum Washington VA loan requirements can qualify for VA loans with no minimum credit score requirements, no maximum debt to income ratio caps, and no maximum loan limits. Washington has one of the highest home prices in the nation next to California. FHA and conventional loans have…
In this blog, we will cover and discuss the coronavirus pandemic impact on lenders and borrowers. Gustan Cho Associates encourage our readers to take the necessary precautions to keep themselves and their loved ones as safe as possible during these times of uncertainty. This worldwide pandemic is something I have never seen in my lifetime….
This Article Is About The Questions You Should Ask Your Mortgage Lender On Loan Process Choosing the right mortgage lender is key. Buying a home is a person’s single largest investment in their lifetime The average home loan amount is $327,000 in the United States California has one of the highest home prices in the…
This Article Is About Chris LaRocco Endeavor America Wholesale Lender I like to introduce my fellow mortgage brokers to Chris LaRocco, National Account Manager for Endeavor America. Chris LaRocco is a veteran wholesale account manager and is currently the National Account Wholesale Mortgage Manager for Endeavor America Whenever I have a file that is extremely…
This article covers Lenders Increasing Credit Score Requirements Due To COVID-19 Most borrowers have noticed that Lenders Increasing Credit Score Requirements Due To COVID-19 Outbreak. Lenders across the board have raised their minimum credit score requirements on government and conventional loans due to the coronavirus pandemic The good news is that FHA, VA, USDA, Fannie…
This ARTICLE On Do All Lenders Have Same Collections And Charge Off Guidelines Was PUBLISHED On June 21st, 2020 One of the most common questions asked by borrowers is Do All Lenders Have Same Collections And Charge Off Guidelines. Over 75% of our borrowers at Gustan Cho Associates are folks who have been turned down…
This guide covers VA guidelines versus overlays during the pandemic economic crisis. It is no secret that qualifying for a mortgage is more difficult during this COVID-19 coronavirus outbreak. If you have been following the news at all, you understand the doom and gloom going on throughout the world. While views are starting to differ…
Can I Qualify For A VA Loan With A Lender With No Lender Overlays In Mississippi? Absolutely, Gustan Cho Associates is a lender with no lender overlays on VA loans and is licensed in Mississippi.
Choosing the right lender with no lender overlays is the key on how to avoid mortgage denial
All mortgage loan programs require a maximum front debt-income ratio and back debt to income ratio. However, conventional loans do not require a front debt to income ratio. VA loans do not have a debt to income ratio requirements. Lenders can have lender over lender overlays on debt to income ratios.
Gustan Cho Associates has no lender overlays on debt to income ratio on government and conventional loans. We just go off the agency caps on debt to income ratio no government and conventional loans.
Gustan Cho Associates has no lender overlays on VA loans. VA loans do not have a minimum credit score requirement nor a maximum debt to income ratio cap as long as the borrower can get an approve/eligible per automated underwriting system.
Most lenders have a debt to income ratio cap on government and conventional loans. Lenders need to meet the minimum debt to income ratio caps. However, lenders can have their own DTI caps which is lower than the agency guidelines as part of their DTI lender overlays
How Property Taxes Can Determine Buying Power When Buying a Home In 2026 When people are looking to buy a home, they usually pay a lot of attention to the sale price and their monthly mortgage payments. But there’s something else that can really mess with your budget: property taxes. In 2026, more buyers are…
Your credit score is important when it comes to getting a mortgage, figuring out interest rates, and choosing loan options. When lenders review your application, they want to see how you have handled credit over time and whether your current credit profile shows financial stability. Even a little bump in your score can boost your…
This guide covers FHA facts versus fiction of qualifying for FHA loans. The U.S. Department of Housing Administration (HUD) is the parent federal agency of the Federal Housing Administration (FHA). FHA is not a lender. The role of the Federal Housing Administration is to insure FHA Loans originated and funded by private mortgage companies against…
We will be comparing FHA versus non-QM loans for homebuyers with credit/income issues and have you fully understand the comparison of the two. The two most popular programs for homebuyers with bad credit with low credit scores are FHA and Non-QM loans. There are dozens of new and updated non-QM mortgage loan programs that have…
One Day Mortgage Loan Approval: Fast, No-Stress Approval with Gustan Cho Associates Buying a home is stressful—especially when time is running out. In today’s hot housing market, you can’t afford to wait weeks for a lender to give you an answer. That’s why one day mortgage loan approval is changing the game. Find out how…
Updated Owner-Occupant Multi-Family Mortgage Guidelines for 2026. Are you dreaming of owning a home while earning rental income to help cover your mortgage payments? Buying a 2-to-4-unit property as an owner-occupant might be the perfect solution. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates and an associate contributing editor at GCA Forums News…
FHA Guidelines On Medical Collections and Charge-Offs In 2026 Are medical collections standing in your dream of buying a home? Good news! FHA loans might be your best option to qualify for a mortgage—even if you have medical debt. In this blog post, we’ll walk you through the updated FHA guidelines on medical collections. Discover…
VA Refer-Eligible Findings Versus AUS Approval on VA Loans In this blog, we will discuss and cover VA refer-eligible findings versus AUS approval guidelines. The United States Department of Veterans Affairs commonly referred to as The VA, is the parent federal agency that administers VA Home Loans for the active and retired members of our…
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