Search Results for: va lender overlays

Automated Underwriting System | Bad Credit Mortgages | Charge Off Accounts | Collection Accounts | Videos

Mortgage with Collection Accounts and Charge-Offs
ByGustan Cho, NMLS 873293 August 5, 2026October 19, 2026

Is it possible to secure a mortgage with collection accounts? The short answer is yes. In this guide, find out how you can qualify and get approved for a mortgage with outstanding collection accounts. If you’re wondering whether getting a mortgage with collection accounts on your credit report is possible, you’re not alone. Many homebuyers…

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Vermont Mortgage Loans
ByGustan Cho, NMLS 873293 August 5, 2026September 25, 2026

This guide covers a clear and well-organized overview of Vermont mortgage loans, blending expert terminology with easy-to-follow sections to create a comprehensive and accessible resource. Vermont mortgage loans encompass FHA, VA, USDA, Conventional, Non-QM, and Jumbo options. This guide explains which loans are most accessible, where to find affordable homes, how to obtain down payment…

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Property Taxes | High Debt To Income Ratio | Real Estate Topic | Videos

How Property Taxes Can Determine Buying Power on Homes
ByAlex Carlucci, NMLS: 229891 August 5, 2026August 26, 2026

How Property Taxes Can Determine Buying Power When Buying a Home When people are looking to buy a home, they usually pay close attention to the sale price and their monthly mortgage payments. But there’s something else that can really mess with your budget: property taxes. More buyers are discovering that property taxes can determine…

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High Debt To Income Ratio | Home Mortgages | Videos

What Is PITI in a Mortgage? Full Monthly Payment Guide
ByGustan Cho, NMLS 873293 August 5, 2026August 6, 2026

All mortgage loan programs require a maximum front debt-income ratio and back debt to income ratio. However, conventional loans do not require a front debt to income ratio. VA loans do not have a debt to income ratio requirements. Lenders can have lender over lender overlays on debt to income ratios.

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Mortgage Processing And Underwriting | Conventional Loans | FHA Loans | Mortgage Lender Overlays | Videos

The Role of Mortgage Underwriter in the Home Loan Process
ByGustan Cho, NMLS 873293 August 3, 2026August 5, 2026

In this guide, we will cover the role of a mortgage underwriter during the home loan approval process. The role of a mortgage underwriter is to underwrite the borrower’s file and make sure they qualify for a home mortgage. Tanhia Romero, NMLS 489760, a senior mortgage loan originator at Gustan Cho Associates, says the following:…

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Home Mortgages | Clear To Close | Regulations | Resources | Videos

What Does Yield Spread Premium in Mortgage Lending Mean?
ByGustan Cho, NMLS 873293 August 3, 2026August 27, 2026

Despite its long history, the term ‘yield spread premium’ still puzzles many mortgage professionals. In the past, wholesale mortgage lenders rewarded brokers with a yield spread premium for securing loans at interest rates above the base rate. The higher the rate, the bigger the broker’s payday. Federal regulations have changed broker and loan officer compensation….

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Home Purchase | Conventional Loans | Down Payment Assistance | Real Estate Topic

Homes for Heroes for Firefighters: Save More on a Home
ByMike Gracz, NMLS: 1160212 August 3, 2026August 4, 2026

Is Homes for Heroes’ mortgage for firefighters a special mortgage? No. Homes for Heroes is a savings network, not a separate mortgage, a government-backed loan, or a guaranteed-approval program. It connects eligible firefighters and other community heroes with participating real estate agents, mortgage professionals, and service providers who may offer rewards or savings. Borrowers must…

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Videos | Bad Credit Mortgages | Career Opportunities/Loan Officer Training | Mortgage Processing And Underwriting | Mortgage Rates | NON-QM Loans

All About Borrower Review of Gustan Cho Associates
ByYogesh Thakral August 1, 2026September 17, 2026

In this guide, we will discuss and cover the borrower review of Gustan Cho Associates. Reviews and testimonials are one of the most important factors in evaluating a mortgage loan originator. We get hundreds of borrower review of Gustan Cho Associates. We are honored by the number of positive borrower review of Gustan Cho Associates….

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First Time Home Buyers | Down Payment Assistance | FHA Loans | Home Purchase | Qualifying & Getting Pre-approved | Real Estate Topic | Videos

Dream of Owning Your Own Home: Mortgage Guide
ByTanhia Romero July 31, 2026August 3, 2026

This guide covers the dream of owning your own home. The dream of owning your own home is a common aspiration for many people worldwide. It represents a significant milestone in one’s life and is often seen as a symbol of financial stability, security, and personal achievement. Here are some key aspects and reasons why…

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High Debt To Income Ratio | FHA Loans | Mortgage Lender Overlays | Videos

High Debt-to-Income Ratio Home Loans in California
ByGustan Cho, NMLS 873293 July 30, 2026July 31, 2026

Yes, you may qualify for a California mortgage with a high debt-to-income ratio. Approval depends on the loan program, credit history, stable income, cash reserves, down payment, and automated underwriting findings. FHA, VA, conventional, jumbo, and non-QM programs calculate DTI differently. Some lenders also impose overlays that are stricter than agency guidelines. Because California housing…

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Mortgage After Bankruptcy and Foreclosure | Videos

Mortgage Guidelines After Bankruptcy on Home Purchase
ByTanhia Romero July 30, 2026September 1, 2026

In this guide, we will cover mortgage guidelines after bankruptcy. Mortgage guidelines after bankruptcy do not categorically prevent homeownership. Eligibility depends on the type of bankruptcy, discharge or dismissal date, recent payment history, prior foreclosure, and the chosen mortgage program. Getting a mortgage after bankruptcy depends on the type of bankruptcy, loan option, credit, and…

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Ohio Mortgage Loans: Programs and Requirements
ByGustan Cho, NMLS 873293 July 29, 2026September 23, 2026

Ohio mortgage loans include conventional, FHA, VA, USDA, jumbo, and non-QM programs. Eligible borrowers can get conventional financing with only 3% down or FHA financing with 3.5% down and a credit score of 580. VA and USDA loans may offer no-down-payment financing for qualified borrowers. However, USDA income and property-location limits apply. The Ohio Housing…

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Student Loans | Conventional Loans | FHA Loans | High Debt To Income Ratio | Mortgage Processing And Underwriting | USDA Loans | VA Loans | Videos

Income-Based Repayment Student Loan Mortgage Guidelines
ByGustan Cho, NMLS 873293 July 29, 2026July 30, 2026

Features of Student Loan Mortgage Programs and Income-Based Repayment Plans Income-Based Repayment plans can help make federal student loan payments more manageable. However, mortgage programs differ in how they assess these payments when determining loan eligibility. Fannie Mae may allow documented income-driven payments of $0. Freddie Mac, however, will not. FHA and USDA usually consider…

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FHA Loans | High Debt To Income Ratio | High-Balance Mortgage Loans | Manual Underwriting | Mortgage Lender Overlays | Qualifying & Getting Pre-approved | Videos

Major Changes in FHA Guidelines HUD 4000.1 Handbook
ByGustan Cho, NMLS 873293 July 28, 2026September 17, 2026

This guide will delve into the major changes in FHA guidelines, specifically the HUD 4000.1 Handbook, which may have implications for individuals applying for FHA loans. Major changes in FHA guidelines have been in place for two consecutive years, as stipulated in the updated HUD 4000.1 Handbook. Gustan Cho Associates’ version of the revised, shortened…

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FHA Loans | Condominium Loans | Condotel and Non-Warrantable Condos | Conventional Loans | Real Estate Topic | Videos

FHA Spot Loans on Non-HUD-Approved Condos
ByGustan Cho, NMLS 873293 July 28, 2026July 30, 2026

FHA Spot Loans enables condo buyers to purchase a condo unit in a non-HUD-Approved Condo Complex with an FHA loan.

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Income And Employment | Bank Statement Loans | NON-QM Loans | Videos

Mortgage with No Income Documentation and No Tax Returns
ByGustan Cho, NMLS 873293 July 27, 2026July 28, 2026

Gustan Cho Associates has a mortgage with no income documentation, no tax returns, and low credit scores. Many folks who have established themselves with good credit and stable income and have decided that they are ready to become homeowners seek to get qualified for a home loan. One of the most important factors lenders look…

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Videos

How to Move Out of Your Parents’ House: Easy Steps
ByMike Gracz, NMLS: 1160212 July 27, 2026July 29, 2026

Learning how to move out of your parents’ house starts with deciding whether you can comfortably support yourself. You may be ready if you have a stable income, a realistic housing budget, and enough money for upfront costs without draining your savings. Estimate your rent or mortgage payment, utilities, insurance, food, transportation, debt payments, and…

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FHA Loans | Automated Underwriting System | First Time Home Buyers | Manual Underwriting | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Using FHA Loans to Buy a Home: Powerful Tips That Work
ByGustan Cho, NMLS 873293 July 27, 2026July 28, 2026

Buying a home shouldn’t feel confusing. If you’ve had credit bumps or don’t have a big down payment, using FHA loans to buy a home can open the door fast. In this quick guide, we explain who qualifies, how much you need down, what the mortgage insurance is, and the simple steps from pre-approval to…

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Clear To Close | Automated Underwriting System | Manual Underwriting | Mortgage Processing And Underwriting | Videos

Online Mortgage Application: Steps to Clear to Close
ByMike Gracz, NMLS: 1160212 July 27, 2026July 28, 2026

Online Mortgage Application: Everything from Getting Preapproved to Closing In this guide, we will cover and discuss the online mortgage application leading to clear to close. The mortgage application process has changed over the years. There was a time when borrowers met mortgage loan officers face to face. Borrowers either met their loan officers at…

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Mortgage Rates | Credit Scores | Home Mortgages | Qualifying & Getting Pre-approved | Videos

Things That Determines Your Mortgage Rates
ByGustan Cho, NMLS 873293 July 27, 2026July 27, 2026

This guide covers things that determines your mortgage rates on home loans. Mortgage rates are the interest rates that you pay for your mortgage loan. Many factors determine what mortgage rates will be offered to you. John Strange, a senior loan officer at Gustan Cho Associates, explains how no two borrowers will get the same…

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Mortgage Processing And Underwriting | Automated Underwriting System | Clear To Close | Conditional Loan Approval | Manual Underwriting | Qualifying & Getting Pre-approved | Videos

How Do Underwriters Approve Mortgage Loans?
ByGustan Cho, NMLS 873293 July 24, 2026August 27, 2026

How Do Underwriters Approve Mortgage Loans? Complete Underwriting Guide Mortgage underwriters confirm that the loan, borrower, and property fulfill the requirements of the selected loan program. Underwriters check the credit, income, employment, debts, assets, and appraisal, as well as the source of funds and title work, insurance, and the intended occupancy. With most loans, an…

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FHA Loans

FHA Loans in Louisiana: Steps to Qualify with Bad Credit
ByMike Gracz, NMLS: 1160212 July 24, 2026July 27, 2026

FHA loans in Louisiana can provide a more flexible path to homeownership, especially for borrowers with limited savings, lower credit scores, or past credit challenges. Qualified borrowers may purchase a primary residence with a 3.5% down payment when they have a credit score of 580 or higher. Individuals with credit scores ranging from 500 to…

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