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California Extra Credit Teacher Home Purchase Program: 2025 Guide for Teachers Buying a Home If you work in education and dream of buying your own home in California, you’re in luck. The California Extra Credit Teacher Home Purchase Program (ECTP) is made just for you. This program gives teachers and school staff a hand with…
Kentucky’s economy is booming, especially the housing market. Many individual taxpayers and businesses are making Kentucky their home due to low state taxes and affordable housing and low property taxes. Homebuyers are finding home priced reasonably and home prices are beginning to creep up.
Preparing Credit Profile to Qualify for Mortgage: 2025 Guide Buying a home is exciting, but getting approved for a mortgage can feel confusing—especially when your credit isn’t perfect. At Gustan Cho Associates, we work with borrowers turned down by other lenders. We help you prepare your credit profile to qualify for mortgage approval, even if…
Steps of the Home Mortgage Process: A Simple Guide to Get Approved Fast Are you thinking about buying a home but feel confused by the mortgage process? You’re not alone. Getting a home loan can seem scary, but it doesn’t have to be. At Gustan Cho Associates, we help make the steps of the home…
Are you preparing to qualify for conventional loans? Many homebuyers want to avoid FHA loans because of mortgage insurance, stricter student loan rules, or past credit issues. Knowing how to prepare to qualify for conventional loans can make the process smoother and give you a stronger chance of approval. In this guide, you’ll learn: What…
If you’ve been turned down for a mortgage, it doesn’t mean homeownership is out of reach. One powerful option many buyers overlook is owner financing on home purchase. Instead of borrowing from a bank, you make payments directly to the seller. Owner financing can help buyers with credit issues, self-employed income, or limited documentation become…
Buying a home in Florida is a dream for many people. Sunshine, beaches, no state income tax, and year-round outdoor living make the state very attractive to both local renters and out-of-state buyers. But buying a home in Florida also comes with unique rules, costs, and risks that many buyers do not discover until it…
When COVID-19 hit in early 2020, millions of homeowners used the CARES Act mortgage forbearance program to stay afloat. Years later, many of those same borrowers want to buy a new home or refinance and are now asking one big question: What is the waiting period after CARES ACT forbearance to qualify for a mortgage?…
In this blog, we will cover and discuss FNMA waiting period guidelines after foreclosure for 2025. Conventional loans are often referred to as conforming loans because they need to conform to Freddie Mac and/or Fannie Mae guidelines. If lenders do not make sure conventional loans they originate and fund do not conform to FNMA or…
In this blog, we will discuss and cover the bankruptcy mortgage guidelines on government and conventional loans. All mortgage loan programs have a mandatory waiting period after bankruptcy and foreclosure. Borrowers need to adhere to Bankruptcy Mortgage Guidelines to qualify for a residential mortgage loan. Learn about the guidelines around the waiting period for FHA,…
Many Americans are familiar with the terms Fannie Mae and Freddie Mac, but may not know exactly what they represent. Many believe Fannie Mae and Freddie Mac are branches of the federal government. Christy Hembree, a senior mortgage loan originator at Gustan Cho Associates says the following about rental payments reported on credit bureaus. The…
Getting a denial letter after you’ve already fallen in love with a home is stressful, embarrassing, and, honestly, heartbreaking. The good news is that a “no” from a traditional lender does not always mean the end of the road. For many borrowers, using non-QM loans after being denied is the exact second chance they need…
In this article, we will discuss and cover how FHA credit score determines mortgage rate pricing on FHA loans. FHA loans are the most popular loan program in the United States. FHA Credit Score Guidelines are very lenient to qualify for FHA Mortgages. Borrowers with credit scores down to 500 FICO can qualify. John Strange,…
In this blog, we will cover and discuss qualifying for FHA jumbo loans while in Chapter 13 Bankruptcy repayment plan. As if the Chapter 13 bankruptcy process isn’t hard enough, finding homeownership opportunities during this process can be even more daunting and frustrating, especially if the home is a high-value home that exceeds the loan…
In this blog, we will cover and discuss on ways on how can you get a mortgage after retirement. Seniors can qualify for a mortgage after retirement using retirement income and/or other sources of income. Tens of thousands of seniors purchase homes for one or many reasons after retirement. John Strange, a senior mortgage loan…
Homebuyers have many mortgage options when looking for home loans in Virginia for bad credit and low credit scores. The best home loans in Virginia for bad credit and credit scores down to 550 FICO scores are FHA and VA loans. Unfortunately, not all people are eligible for VA loans. If you are looking for…
Gustan Cho Associates is a mortgage broker licensed in 48 states (Not licensed in NY, MA) with a wholesale lending network of 170 wholesale financial institutions. Utah is one of the fastest-growing states in the nation, with more and more families calling Utah home. Utah is a wonderful state to move to, with stunning views…
Active and/or retired members of the United States Armed Services and eligible surviving spouses of eligible veterans in Kentucky can qualify for VA loans Kentucky with no money down, credit scores down to 500 FICO, less than perfect credit, and prior credit issues. Navigate Kentucky VA loans, including eligibility requirements, benefits, and guidelines, and make…
In this article, we will cover and discuss the FHA Chapter 13 Guidelines in Wyoming to buy a home or do a refinance during the Chapter 13 repayment plan. With the surging values of homes in Wyoming, the FHA Chapter 13 Guidelines in Wyoming enable potential homebuyers to be able to purchase a home while…
In this article, we will cover and discuss California FHA high-balance loans in high-cost counties. It is no secret to residents of California that the cost of living is high. California FHA High-Balance Loans makes California home buyers purchase California homes. in all parts of the state with a 3.5% down payment. Find out all…
In this blog, we will cover and discuss the New Jersey Housing Market. New Jersey has the highest property tax rate in the nation but that is not slowing down home sales and home prices. New Jersey Housing Market is expected to be stronger than expected in 2026. With reasonable long-term demand, rising prices, and…
In this blog, we will discuss and cover FHA streamline refinance Connecticut with no appraisal and no income docs required. FHA Streamline Refinance Connecticut is when a homeowner with a current FHA home loan refinances with a new FHA loan. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about…
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