Call or Text: (800) 900-8569
Email Us: alex@gustancho.com
Your credit score is important when it comes to getting a mortgage, figuring out interest rates, and choosing loan options. When lenders review your application, they want to see how you have handled credit over time and whether your current credit profile shows financial stability. Even a little bump in your score can boost your…
This guide covers FHA facts versus fiction of qualifying for FHA loans. The U.S. Department of Housing Administration (HUD) is the parent federal agency of the Federal Housing Administration (FHA). FHA is not a lender. The role of the Federal Housing Administration is to insure FHA Loans originated and funded by private mortgage companies against…
We will be comparing FHA versus non-QM loans for homebuyers with credit/income issues and have you fully understand the comparison of the two. The two most popular programs for homebuyers with bad credit with low credit scores are FHA and Non-QM loans. There are dozens of new and updated non-QM mortgage loan programs that have…
Can Homeowners Be on Title But Not on Mortgage? What Borrowers Should Know The primary emphasis of this blog centers around the waiting period obligations that individuals face after foreclosure, specifically those on title but not on mortgage. We often receive queries from married home buyers grappling with financial challenges, making it difficult for them…
Real Estate and Mortgage Market Forecast: 2026 Housing Trends You Need To Know If you’re considering buying a home, selling, or refinancing, you’ve probably asked: What’s the real estate and mortgage market forecast for 2026? You’re not alone. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates and an associate contributing editor at…
Updated Owner-Occupant Multi-Family Mortgage Guidelines for 2026. Are you dreaming of owning a home while earning rental income to help cover your mortgage payments? Buying a 2-to-4-unit property as an owner-occupant might be the perfect solution. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates and an associate contributing editor at GCA Forums News…
FHA Guidelines On Medical Collections and Charge-Offs In 2026 Are medical collections standing in your dream of buying a home? Good news! FHA loans might be your best option to qualify for a mortgage—even if you have medical debt. In this blog post, we’ll walk you through the updated FHA guidelines on medical collections. Discover…
In this blog post, we’ll explore obtaining an FHA loan with a credit score under 600. Gustan Cho Associates specializes in processing and finalizing FHA Loans With Under 600 Credit Scores in Florida. Many lenders set higher credit score thresholds due to additional criteria known as overlays. However, it’s important to note that only some…
Mortgage rate adjustments are changes lenders make to the price of a home loan based on the risk they believe a borrower poses to the transaction. In simple terms, borrowers with stronger credit, lower debt, and larger down payments usually qualify for better pricing, while borrowers with higher risk factors may pay more through a…
If you are considering refinancing an FHA loan, it helps to know that FHA does not offer a single refinance program. There are several FHA refinance options, each designed for a different goal. Some homeowners want to lower their interest rate or monthly payment. Others want to tap into home equity. Some want to change…
This blog post focuses on Fannie Mae 5-10 Financed Properties, which is particularly beneficial for real estate investors. The 2008 Real Estate and Mortgage meltdown led to significant changes within the mortgage industry. One positive development is the return of non-QM loans. These allow homebuyers to secure financing through non-QM stated income and no-doc mortgage…
Mortgage Rates on Bad Credit Loans With Low Credit Scores Securing a mortgage with bad credit or a low credit score may be difficult, but it is still achievable. While traditional lenders may hesitate to approve borrowers with credit issues, specialized loan programs are designed for those with less-than-perfect credit. This guide explains how mortgage…
Mortgage After Foreclosure With No Waiting Period: What Borrowers Need To Know in 2026 In this blog, we will discuss and cover mortgage after foreclosure with no waiting period with non-QM loans. Non-QM loans are alternative mortgage loan programs that do not have to meet government or conforming mortgage loan guidelines. Non-QM loans are portfolio…
Government mortgages for owner-occupant homebuyers are designed to make buying a primary residence more affordable and more realistic. Backed by federal agencies, these home loans allow approved lenders to offer low down payment options, flexible credit requirements, and competitive mortgage rates. The most common government-backed loans are FHA, VA, and USDA. These mortgage programs are…
Second Home Versus Investment Home Financing: What Homebuyers Need to Know If you are buying another property after your primary residence, one of the first things you need to understand is whether the home will be financed as a second home or an investment property. That difference matters more than many buyers realize because it…
What High-Cost Means On Government And Conventional Loans In this guide, we will discuss and cover high-cost guidelines on government and conventional loans. Some states have high-cost rules. What is high-cost? High-cost is that the total fees and costs in obtaining a residential mortgage loan cannot exceed 5% of the mortgage loan amount. Learn about…
Closing a Mortgage on Time: Steps To Prevent Delays And Keep The Process Stress-Free Buying a home is exciting, but nothing is more stressful than worrying about whether your loan will close on time. For many homebuyers, the thought of delays in the mortgage process brings frustration, added costs, or even the loss of the…
Borrowers who have credit scores under 620 FICO need a lower debt to income ratio to get an approve/eligible per automated underwriting system.
Mortgage Guidelines on Late Payments: How to Qualify for a Home Loan Despite Credit Challenges Life happens. Unexpected events like job loss, medical emergencies, or financial setbacks can lead to late payments on bills, including mortgages. If you’ve had late payments in the past 12 months, you may think qualifying for a mortgage or refinancing…
Wyoming Mortgage Loans: An Overview for Prospective Homebuyers Discover your path to homeownership in Wyoming with this guide, which highlights various loan options for first-time buyers, including USDA, VA, FHA, and conventional programs. Explore WCDA down payment assistance and learn how to land the best rates. Whether you’re searching in Cheyenne, Casper, Laramie, or beyond,…
This article will cover what escrow hold back is in the mortgage loan process. We will discuss escrow hold back mortgage guidelines for repairs. Nothing is worse than approaching your closing date and having issues arise. Dale Elenteny, a senior loan officer at Gustan Cho Associates, explains escrow hold backs for home repairs as follows:…
This guide covers buying a home in West Virginia and the type of West Virginia mortgage loans available to borrowers. If you are house hunting in West Virginia, you will find flexible mortgage options designed to help, especially if you are a first-time buyer. Picking the right loan can make qualifying easier, cut upfront expenses,…
CALL NOW