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Qualifying For A Mortgage With High Student Loan Debts And How It Affects DTI On Government and Conventional Loans Buying a home when you’ve got a lot of student loans can seem super tough. A lot of people stress about their debt-to-income ratio (DTI) and worry that lenders won’t accept their repayment plans. But the…
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…
This guide covers the minimum lending requirements with getting approved for a mortgage after bankruptcy. Bankruptcy is a federal law that enables a person who is overwhelmed in debts to seek relief from the courts. Consumers can either discharge all of their debts or structure a repayment plan to pay their creditors. John Strange, a…
Jumbo DTI Mortgage Calculator: 2026 Guide to Qualify for Big Home Loans Are you looking to buy a high-end home but unsure if your income and debt qualify? Use our jumbo DTI mortgage calculator to get real answers—fast. At Gustan Cho Associates, we help buyers get approved for jumbo mortgages, even if other lenders say…
Rate and Term Refinance Mortgage Loans: Which Refinance Is Better? Refinancing can lower your payment, lock in a fixed rate, shorten your loan term, or help you move out of an FHA loan to a conventional loan to eliminate monthly mortgage insurance. But not every refinance works the same way. The Two Most Common Refinance…
Mortgage Videos & Guides | Home Loan Explainer Library by Gustan Cho Associates Watch in‑depth mortgage video and guides from Gustan Cho Associates covering FHA, VA, conventional, USDA, jumbo, non‑QM, credit challenges, self‑employed borrowers, and real‑estate investors. Learn guidelines, approvals, and the full home loan process in easy‑to‑follow video explainers. Mortgage Guides by Gustan Cho…
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…
Home Purchase Loans: Traditional and Non-QM Options for 2026 Home purchase loans are the financing options that make it possible to buy a home—whether you’re a first-time buyer, upgrading to a bigger place, or purchasing after a credit event. The right loan affects everything: how much house you can afford, how much cash you need…
Moving is expensive—but most people overpay for the same 3 reasons: they move too much stuff, they book on peak days, and they don’t lock down fees in writing. This guide gives you the fastest ways on how to save money moving without it turning into a disaster. Inside you’ll get: A 25-item checklist you…
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…
Welcome to your ultimate guide on FHA Home Loans! This resource is here to answer all your burning questions about qualifying for and getting approved for these fantastic loans. It’s important to note that different lenders may have unique requirements for FHA loans, but don’t worry—FHA loans are praised nationwide for their flexible criteria and…
Remote MLO Career Opportunities: Work From Anywhere With Gustan Cho Associates If you’re an experienced mortgage loan officer looking for remote MLO career opportunities, you’ve found the right place. At Gustan Cho Associates, powered by NEXA Mortgage LLC, we’re not just offering a job — a career that gives you freedom, flexibility, and the tools…
One-Time Close Construction Loan Explained A one-time close construction loan (also called a construction-to-permanent loan) lets you buy land, pay for construction, and roll everything into one long-term mortgage with a single closing. Instead of getting a short-term construction loan and then refinancing later, you close once up front and the loan transitions to the…
FHA Loan with Judgment: Your Guide to Homeownership in 2026 If you’re dealing with a judgment on your credit report, you might think qualifying for an FHA loan is out of reach. Here’s the good news: it’s not impossible. FHA loans, supported by the Federal Housing Administration (FHA), aim to assist individuals facing financial difficulties…
Tax Settlement for Mortgage Borrowers With Tax Liens: How to Qualify for a Home Loan Owing the IRS or your state doesn’t automatically end your homeownership plans. Many borrowers can still get approved for a mortgage—even with an active tax lien—as long as the tax debt is properly documented and structured correctly before closing. At…
The FHA W-2 Income Only Mortgage Lending Guidelines provide a pathway for borrowers to qualify for an FHA loan based solely on W-2 income, without the requirement of submitting income tax returns. Conventional and FHA loans stand out as the most widely used among the various mortgage loan programs available today. It is important to…
Fannie Mae Guidelines on Mortgage After Foreclosure in 2026: How to Qualify Again Fast If you’ve been through a foreclosure, you might wonder: “When can I buy a house again?” The good news is you can, and knowing the Fannie Mae guidelines on mortgage after foreclosure is the first step. At Gustan Cho Associates, we…
In this guide, we will discuss the FHA guidelines on charge-offs and collections, crucial information for anyone seeking an FHA loan. These guidelines allow individuals with outstanding charge-offs and collection accounts to qualify for FHA financing. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about FHA guidelines on charge-offs…
FHA Streamline Refinance Mortgage Guidelines If you already have an FHA mortgage and want a lower payment without the usual refinance headaches, an FHA Streamline Refinance may be your fastest option. This program is designed specifically for current FHA borrowers. It can reduce your rate and payment with less documentation than a standard refinance. In…
FHA Manual Underwriting Mortgage Guidelines: 2026 Update If you’re applying for an FHA loan and received a “Refer/Eligible” from the Automated Underwriting System (AUS), you may need manual underwriting to get approved. Don’t worry! Many homebuyers qualify for FHA loans through manual underwriting, especially those with non-traditional credit profiles or higher debt-to-income (DTI) ratios. This…
Borrowers can calculate their front-end and back-end debt-to-income ratio for FHA loans using the FHA DTI Mortgage Calculator powered by Gustan Cho Associates. FHA loans are the most popular loan program for first-time homebuyers, borrowers with bad credit, and borrowers with high debt-to-income ratios. HUD, the parent of FHA, has a maximum front-end and back-end…
What are Investment Property Loans? Investing in real estate can be a great way to build your wealth over time. But just so you know, getting financing for an investment property isn’t the same as snagging a mortgage for the home you live in. Some investors qualify using traditional conventional loans that follow Fannie Mae…
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