Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
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: Statute of Limitations on Debt and Judgments The statute of limitations on debt is the time limit a creditor or collector has to sue you for an unpaid debt. After it expires, they’re generally time-barred from suing. However, the debt may still appear on your credit report, and collectors may still contact you….
Quick Answer (who this is for + what “best rate” really means) This guide is for California homebuyers and homeowners refinancing who want to save real money by shopping for the best mortgage rates the right way. In a high-balance market like California, the “best rate” isn’t just the lowest number in an ad—it’s the…
Quick Answer Want to see what lenders want to see in a borrower? Mortgage approval in 2026 comes down to proof: stable income, manageable debts, acceptable credit patterns, and clean, documented funds for down payment and closing costs. You don’t need perfect credit—you need a consistent recent payment history and a file that matches agency…
Quick Answer Credit during the mortgage process affects your approval in three ways: (1) eligibility for certain programs, (2) interest rate and pricing, and (3) how underwriting views your debts and payment history. Protect your credit from pre-approval through closing by avoiding new debt, late payments, and credit disputes—then work with a lender who follows…
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…
Florida homeowners are saving thousands in 2026 by refinancing—don’t miss your chance to do the same. You can lower your monthly payment, remove mortgage insurance, switch you into a fixed rate, or let you tap equity for cash when you refinance a mortgage in Florida. The best refinance depends on your current loan type (FHA,…
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: How to Negotiate a Home Purchase in 2026 To negotiate a home purchase in 2026, start with a strong pre-approval, understand whether you’re in a buyer’s market or seller’s market, and make an offer that balances price + terms (closing timeline, contingencies, and seller concessions). Use comparable sales (comps) to support your number,…
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,…
Are you dreaming of waking up to sunrise views over the water, spending weekends boating, or owning a vacation home that doubles as a smart investment? Finding the best places to buy waterfront property in 2026 can turn that dream into reality. From Florida’s sunny coastlines to Michigan’s peaceful lakes, owning a home by the…
Quick Answer: Credit Report Analysis by Mortgage Underwriters Credit report analysis by mortgage underwriters is when an underwriter reviews your full credit file—not just your score—to confirm your debts, payment history, and any negative items meet loan guidelines. They compare what’s on your credit report to your mortgage application and your supporting documents, then decide…
Quick Answer Yes—getting a home loan after multiple foreclosures is still possible. The key is the most recent foreclosure date and the program you choose. VA may allow financing after about 2 years, FHA/USDA after about 3 years, and Conventional typically requires a longer wait. If you can’t wait, some Non-QM options may let you…
Quick Answer: Yes, you may qualify for an FHA or VA mortgage while you’re still in an active Chapter 13 repayment plan — but timing and payment history matter. In general, HUD late payment mortgage guidelines commonly summarize as requiring at least 12 months of the payout period with on-time plan payments and written permission…
Sacramento California Home Purchase: 2026 Mortgage Guide for All Buyers Buying a home is a big decision; if you’re looking at a Sacramento California home purchase, you’re not alone. As one of the fastest-growing metro areas in California, Sacramento is full of opportunity, culture, and affordability compared to other parts of the state. Whether you’re…
Homebuyers can qualify for a mortgage loan as long as they have a written payment agreement with the judgment creditor and have made three timely payments. Or they can negotiate a settled amount with the judgment creditor and pay it at or prior to closing.
VA New Construction to Permanent One-Time Close Mortgages: 2026 Guide for Veterans Buying a house is hard in today’s market. Finding one you actually like? Even harder. But what if you could build a brand-new home, just as you want, with no down payment and only one loan closing? You can with a VA new…
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…
Fannie Mae HomeStyle Mortgage: 2026 Guide to Renovate or Remodel With One Loan Have you been dreaming of a new kitchen, a modern bathroom, or even an inground pool—but don’t want to move or pay out of pocket? The Fannie Mae HomeStyle Mortgage might be your perfect solution. At Gustan Cho Associates, we help homebuyers…
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…
South Dakota Mortgage Calculator: Real Monthly Payments Fast Want to know what you’ll really pay every month on your South Dakota mortgage? Don’t rely on basic calculators that leave out crucial costs. The South Dakota Mortgage Calculator, powered by Gustan Cho Associates, gives you a full monthly mortgage breakdown—including PMI, property taxes, insurance, HOA fees,…
CALL NOW