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Gustan Cho Associates and Subsidiaries: A Look at Our Company and Subsidiaries What We Do: Mortgage Banking and Financial Services Gustan Cho Associates and subsidiaries is a Wyoming Corporation, started with a simple goal, mission, and foundation of being able to approve mortgage loans other lenders cannot and with the following mission statement: Gustan Cho…
Consumer loans are personal-use loans—such as unsecured personal loans, auto loans, secured loans, home equity loans, and HELOCs—used for debt consolidation, emergencies, or major expenses. Which option is best really depends on your credit score, how much money you make, your debt-to-income ratio, and whether you can (or even should) put up some collateral. Consumer…
The Best Bad Credit Mortgage Lenders in Delaware (2026 Update) Quick Answer: Bad Credit Mortgages in Delaware Yes, you can still qualify for a mortgage in Delaware with bad credit. In many cases, FHA loans can work with scores as low as 500 (typically with 10% down), while scores of 580+ often qualify for 3.5%…
When Is Rental Verification Required? (Quick Answer for Borrowers) If you’re buying a home, you may be wondering when is rental verification required during the mortgage process. In plain English: lenders request rental verification (also called Verification of Rent or VOR) when they need proof that you’ve consistently paid your housing payment on time—especially if…
This Article Is About Understanding VA Mortgage Rates And Loan Level Pricing Adjustments VA loans are the best home mortgage program in the United States. The government has created and launched VA loans decades ago to reward qualified members of our U.S. Military to reward them for their service to our country. Only select qualified…
Buying a home in Alaska while you’re in a Chapter 13 repayment plan is possible — but only if you follow a specific set of FHA rules and document everything cleanly. The biggest reasons borrowers get denied aren’t “the bankruptcy.” It’s late payments during the plan, missing trustee approval, or a file that isn’t prepared…
In this blog, we will discuss and cover if you can getfast pre-approval home mortgage in one hour. The qualification and pre-approval step of the mortgage process is the most important step. One of the major reasons for stress during the mortgage process or a last-minute mortgage denial is due to the loan officer issuing…
Buying a home starts with one question: what mortgage can you qualify for with your credit score—and what will it cost you? Credit score mortgage guidelines affect two things right away: approval (which loan programs you can use) and pricing (your rate and monthly payment). This guide breaks down FHA, VA, Conventional, and Non-QM rules…
Chicago property tax increases don’t just make headlines—they can raise your mortgage payment even if your interest rate never changes. That’s because most homeowners pay taxes through an escrow account. When the annual tax bill rises, your lender adjusts your monthly escrow deposit to cover it. In this guide, you’ll learn (in plain English) how…
Buying out of state homes online is no longer a risky experiment—it’s a practical, step-by-step way to shop, inspect, finance, and close without boarding a plane. You can make confident decisions from anywhere with live video tours, uncut walk-throughs, secure e-signatures, and remote notarization. This guide shows how buying out of state homes online works…
This article is about building credit with timely housing payments. One of consumers’ strongest credit tradelines is building credit with on-time housing payments. Most landlords do not report rental payments to the credit bureaus. However, there is a way of reporting timely monthly payments to all three credit reporting agencies on time. Mortgage underwriters view…
Gustan Cho Associates works with many families in different areas of the country. However, our clients commonly ask similar questions. This blog will detail some of the most common questions we receive. We will also discuss how to apply for a mortgage with our highly skilled team. Christy Hembree, a senior mortgage loan originator at…
Buying when most people pause — late fall through winter — can mean less competition, more negotiating power, and sometimes faster closings. However, winter also presents real risks, including weather delays, limited inventory, and hidden exterior issues. Buying house during off season can be a smart move because there are fewer buyers, sellers may negotiate…
Buying a lake house should feel like sunrise on calm water—not a guessing game. In this guide, you’ll learn how to finance a lake home (second home vs investment), what insurance and flood rules to expect, which shoreline and dock permits can delay closing, and how local short-term rental laws affect your loan and cash…
Understanding the FHA Bankruptcy Waiting Period The FHA Bankruptcy Waiting Period determines how long a borrower must wait after filing for bankruptcy before qualifying for an FHA loan. These guidelines help borrowers who have experienced financial hardship rebuild their credit and become homeowners again. At Gustan Cho Associates, we specialize in helping borrowers qualify for…
TL;DR: DTI Manual Underwriting Guidelines (2026 Update) If a computer system says “no” to your mortgage because your debt-to-income ratio (DTI) is high, your income is hard to document, or your credit history is unique, you may still qualify through manual underwriting. DTI Manual underwriting guidelines is when a real underwriter reviews your whole situation—not…
12 Common Home Buying Mistakes and How to Avoid Them (2026 Guide) Buying a home is one of the biggest financial steps you’ll ever take. It’s exciting, emotional, and expensive when things go wrong if you’re not careful. At Gustan Cho Associates, we’ve helped thousands of homebuyers avoid costly errors that can delay closings, drain…
21 Day Fast Track TBD Loan Program: The Fastest Way to Close Your Mortgage Buying a home shouldn’t take months. At Gustan Cho Associates, our 21–Day Fast Track TBD Loan Program allows homebuyers to close their loans in 21 days or less. This program is designed for serious buyers who want the speed and certainty…
Illinois DPA Mortgage Programs: 2026 Guide to Buying a Home With Little or No Money Down Buying a home in Illinois can feel impossible when you’re trying to save for a down payment and closing costs at the same time. The good news: Illinois down payment assistance (DPA) programs can reduce — and sometimes nearly…
Home Loan After Foreclosure: 2026 Waiting Period Guidelines and Options Losing a home to foreclosure can feel like the end of the road. But the truth is, you can get a home loan after foreclosure. Many people who went through tough times have become homeowners again — sometimes sooner than expected. This guide will explain…
Mortgage After Short Sale Waiting Period: How Soon Can You Repurchase a Home? If you went through a short sale in the past and are wondering when you can qualify for a mortgage again, you’re not alone. Thousands of homeowners across the country have rebuilt their credit and successfully bought new homes after a short…
Conforming Loan Underwriting Guidelines: What You Need To Know in 2025 If you’re considering buying a home and want a mortgage with the best rates, you’ve likely come across the term conforming loan underwriting guidelines. These rules significantly affect whether you get approved and how much house you can afford. At Gustan Cho Associates, we…
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