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Mortgage With Low Credit Scores in Vermont: Your 2025 Guide Buying a home is a big dream for many Vermonters. But if your credit score is not where you want it to be, you may wonder if getting approved for a mortgage is even possible. The good news? You can still qualify for a mortgage…
Mortgage With Disability Income: How to Qualify in 2025 Buying a home when most or all of your income comes from disability benefits can feel overwhelming. Many wonder if lenders will accept Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), or VA disability benefits when applying for a mortgage. The good news? You can…
Refinancing Your California Mortgage Loan in 2025: A Complete Guide If you’re a California homeowner, you’ve probably heard friends or neighbors discussing refinancing. With home values soaring and mortgage rates shifting, refinancing your California mortgage loan can be one of the smartest money moves you make this year. Refinancing can give you a fresh start…
Conditional Mortgage Approval Versus Pre-Approval: What Borrowers Need to Know in 2025 Buying a home is super exciting, but the mortgage process can be overwhelming if you’re unclear on what all the terms mean. One of the biggest things that trips up homebuyers is understanding the difference between conditional mortgage approval and pre-approval. At first…
Virginia VA loan requirements has the most lenient mortgage guidelines versus any other loan program in the nation. VA loans is the mortgage loan of choice but is only limited to active and/or retired members of the U.S. Military with a valid certificate of eligibility. Alex Carlucci, a senior mortgage loan originator at Gustan Cho…
This guide covers Fannie Mae guidelines mortgage after short sale and deed-in-lieu of foreclosure. Fannie Mae guidelines mortgage after short sale and after deed-in-lieu of foreclosure requires a four year waiting period after the date of the short sale. A short sale is an alternative to foreclosure. Short Sales is often offered to homeowners who…
This guide covers VA employment history guidelines on VA loans. VA loans is the best loan program in the U.S. Unfortunately, not everyone can qualify for VA home loans. To be eligible for VA loans, borrowers need to be either an active member of the U.S. military and/or a veteran of one of our armed…
This guide covers the pros and cons of home equity conversion mortgage. There are the pros and cons of home equity conversion mortgage. A government-insured Home Equity Conversion Mortgage (HECM) offered the Federal Housing Administration (FHA) is one type of mortgage loan program commonly referred to as a reverse mortgage. Dale Elenteny, a senior mortgage…
Starting New Career as MLO in 2025: Step-by-Step Guide to Success If you’ve been thinking about starting a new career as an MLO — Mortgage Loan Officer — you’re in the right place. This career can be both rewarding and flexible, offering the chance to help people achieve their dream of homeownership while building your…
Mortgage Approval with 580 FICO Credit Score in 2025: Your Complete Guide If you’ve been told you can’t get a mortgage because your credit score is 580, you’ve probably heard the wrong advice. The truth? Mortgage approval with 580 FICO credit score is possible — and at Gustan Cho Associates, we make it happen every…
This guide covers Illinois versus Indiana property tax comparison. Illinois is home to many including myself and Gustan Cho Associates. Downtown Chicago is probably one of the most beautiful spots, if not the most beautiful, in the country. Everything about Illinois is great. The city and surrounding suburbs is a melting pot of all cultures….
HomeReady Versus Home Possible in 2025: Which Loan Is Best for You? If you’re looking for a mortgage and don’t have a big down payment, you might have come across HomeReady and Home Possible. These are two popular options for low down payment conventional loans supported by Fannie Mae and Freddie Mac. At Gustan Cho…
Chicago Mortgage Loans for Self-Employed Individuals: 2025 Guide to Getting Approved Being self-employed in the Chicago area can be super rewarding, but trying to qualify for a mortgage when you’re running your own business can seem really challenging. Traditional lenders often want years of tax returns, piles of paperwork, and proof of “stable” W-2 income…
Best Mortgage Lender in Oregon: Why Gustan Cho Associates Is Your #1 Choice in 2025 If you’re looking for the best mortgage lender in Oregon, you want more than just low rates. You need a lender who can actually get your loan approved, even if other banks have turned you down. At Gustan Cho Associates,…
Reasons to Buy a Home in Tennessee: 2025 Guide for Smart Homebuyers Thinking about moving? You might be surprised by how many people are now buying homes in Tennessee. The Volunteer State is one of the most popular places to live in 2025, for good reason. At Gustan Cho Associates, we work with families, investors,…
This guide covers conforming versus non-conforming mortgage loans. Homebuyers and homeowners have a variety of mortgage loan programs to choose. There are conforming versus non-conforming mortgage loan programs. Conforming Loans needs to conform to government and/or conventional mortgage guidelines. John Strange, a senior mortgage loan originator at Gustan Cho Associates says the following about conforming…
Conventional Loans with Derogatory Credit: How to Qualify and Get Approved If you have had past credit problems, such as bankruptcy, foreclosure, or short sale, you might be wondering: Can I still qualify for a conventional mortgage? The answer is totally yes, and this guide will show you exactly how to do it. At Gustan…
Manual Underwriting With Extenuating Circumstances: 2025 Guide to Mortgage Approval Buying a home can feel impossible when you’ve had tough times, like losing your job, facing a medical emergency, or going through a bankruptcy. If a lender told you “no,” don’t give up. You may still qualify for a mortgage through manual underwriting with extenuating…
How to Avoid Customer Complaints as a Loan Officer: Proven Tips That Work The mortgage business is full of moving parts, pressure, and paperwork. When something goes wrong, the borrower finds it hard. That’s why knowing how to avoid customer complaints as a loan officer isn’t just important—it’s essential. At Gustan Cho Associates, we specialize…
This guide covers Freddie Mac student loan guidelines on conventional loans. Conventional loans are called conforming loans because they need to conform to Fannie Mae and/or Freddie Mac agency mortgage guidelines. Conforming loans are not government loans. Conventional loans are private loans originated and funded by private mortgage lenders and banks. Many borrowers ask if…
This guide covers the benefits of FHA loans for first time homebuyers. There are many benefits of FHA loans for first time homebuyers. There are also the benefits of FHA loans for homebuyers with prior bad credit, bankruptcy, foreclosure, deed-in- lieu of foreclosure, and short sale. FHA loans make home ownership possible with only a…
This guide covers how much money do I need to buy a house. One of the most common first time home buyer questions is how much money do I need to buy a house. On all home purchase transactions, there are two types of funding a home buyer needs: The down payment on a home purchase….
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