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NON-QM Loans | FHA Loans | High Debt To Income Ratio | Qualifying & Getting Pre-approved | Student Loans | Videos

Mortgage for College Graduates: How to Qualify After School
ByGustan Cho, NMLS 873293 July 6, 2026July 8, 2026

Buying a home after college can be confusing, especially with a new job, student loans, limited credit, and little savings. Many graduates wonder if lenders will consider their new income if they don’t have a full two-year work history. You may still qualify for mortgage for college graduates. As long as you have a stable…

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Home Mortgages | Conventional Loans | Credit Scores | FHA Loans | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Credit Score Needed for Mortgage on Home Loans
ByGustan Cho, NMLS 873293 July 6, 2026September 17, 2026

Credit Score Required for Mortgage on Home Loans This guide covers the credit score needed for mortgage on home loans. We will cover the frequently asked question what is the minimum credit score needed for mortgage? Many home buyers, especially first-time home buyers, often question the minimum credit score needed for a mortgage. John Strange,…

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Student Loans | Conventional Loans | FHA Loans | High Debt To Income Ratio | Videos

Impact of FHA Guidelines on DTI and Student Loans
ByDale Elenteny, NMLS: 904444 July 6, 2026July 9, 2026

Struggling with student loan debt can often feel like attempting to run a marathon with a heavy backpack, particularly when you want to purchase your own home. Adding car payments on top of student loans makes your budget tight, and it all plays a big part in calculating your mortgage debt-to-income (DTI) ratio. This ratio…

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Automated Underwriting System | Home Mortgages | Manual Underwriting | Videos

Automated Underwriting System Findings on Home Mortgages
ByGustan Cho, NMLS 873293 July 5, 2026September 17, 2026

In this guide we will cover and discuss the automated underwriting system approval, which is also referred to as AUS findings. The automated underwriting system approval is what is needed for a mortgage borrower to go forward with the mortgage process. The Automated Underwriting System Will Render Three Types of Findings: Approve/Eligible per AUS: A/E…

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Non-Occupant Co-Borrowers | Conventional Loans | FHA Loans | High Debt To Income Ratio | Videos

How Does FHA Define Family Member Co-Borrowers
ByDale Elenteny, NMLS: 904444 July 5, 2026July 6, 2026

This guide covers how does FHA define family member. In this blog post, we’ll explore FHA’s criteria for defining a family member in the context of non-occupant co-borrowers. HUD, which oversees FHA, enforces guidelines that outline the definition of a family member. The definition on how FHA define family member co-borrowers becomes significant when considering…

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NON-QM Loans | Bank Statement Loans | Self-Employed Borrowers | Videos

Bank Statement Loans for Self-Employed Borrowers
ByDale Elenteny, NMLS: 904444 July 4, 2026July 6, 2026

In this guide, we will discuss and cover bank statement loans for self-employed borrowers. Non-QM Loans and Bank Statement Loans are back. Gustan Cho Associates is a national mortgage company licensed in multiple states known for its no lender overlays on government and conventional loans as well as the dozens of non-QM loan programs we…

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Mortgage After Bankruptcy and Foreclosure | Conventional Loans | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Videos

Fannie Mae Chapter 13 Dismissal Guidelines
ByGustan Cho, NMLS 873293 July 4, 2026September 17, 2026

In this blog, we will cover the Fannie Mae Chapter 13 dismissal guidelines on conventional loans. One of the most frequently asked questions at Gustan Cho Associates is what the eligibility requirements is to qualify for a conventional loan after Chapter 13 Bankruptcy dismissal. If you are considering bankruptcy or have recently filed, learn the…

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Compensating Factors | FHA Loans | Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos

Chapter 13 Cash-Out Refinance Guidelines During Repayment
ByGustan Cho, NMLS 873293 June 30, 2026August 27, 2026

According to VA and HUD Chapter 13 cash-out refinance guidelines, homeowners may be eligible for a cash-out refinance on an FHA or VA loan, allowing them to pay off their Chapter 13 Bankruptcy ahead of schedule. VA and FHA loans are the only mortgage loan programs that permit borrowers to purchase or refinance a home…

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Mortgage After Bankruptcy and Foreclosure | Bankruptcy | FHA Loans | Manual Underwriting | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | VA Loans | Videos

Bankruptcy Dismissal versus Discharge Mortgage Guidelines
ByGustan Cho, NMLS 873293 June 30, 2026August 25, 2026

In this blog, we will cover and discuss the difference when qualifying for a mortgage after bankruptcy dismissal versus bankruptcy discharge mortgage guidelines. There are waiting period differences when qualifying for FHA loans after bankruptcy dismissal versus bankruptcy discharge. Bankruptcy, whether a dismissal or a discharge, can have significant implications for your mortgage and financial…

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Bad Credit Mortgages | Automated Underwriting System | FHA Loans | Manual Underwriting | VA Loans | video

How to Get Approved for Home Loan with Bad Credit Texas
ByMike Gracz, NMLS: 1160212 June 30, 2026September 3, 2026

This article explores the various mortgage options available to homebuyers seeking approval for a home loan with bad credit Texas. Despite lower credit scores, mortgage applicants can still qualify for and be approved for a home loan. However, the crucial factor in obtaining approval for a mortgage with bad credit and lower credit scores is…

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Headline News Archives

Mortgage Rates During the COVID-19 Pandemic
ByGustan Cho, NMLS 873293 June 29, 2026June 30, 2026

Mortgage rates during the COVID-19 pandemic changed quickly and did not affect every borrower the same way. National averages eventually fell to record lows, but the first months of the pandemic brought uncertainty to lenders, investors, and homeowners. Some borrowers with strong credit, equity, and stable income were able to refinance at very low rates….

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Mortgage Processing And Underwriting | Automated Underwriting System | Qualifying & Getting Pre-approved | Videos

Mortgage Loan Underwriting Process for Home Buyers
ByJohn Strange, NMLS: 230932 June 29, 2026July 17, 2026

Mortgage Loan Underwriting Process: Simple, Step-by-Step Guide The mortgage loan underwriting process is the lender’s review of your income, credit, assets, job, and property to decide if your loan meets rules and can close. Expect document checks, conditions to clear, and a final “clear to close.” Key Takeaways The mortgage loan underwriting process follows seven…

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NON-QM Loans | Jumbo Loans | Videos

Traditional and Non-QM Mortgage Loan Programs
ByDale Elenteny, NMLS: 904444 June 28, 2026September 3, 2026

This article will cover traditional and non-QM mortgage programs for homebuyers and homeowners. The historically low mortgage rates fueling a booming housing market seemed like yesterday. There are more homebuyers than an inventory of homes despite rates nearing 7%. Due to the competition, many homebuyers were buying homes at higher than the list price. John…

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FHA Chapter 13 Bankruptcy Guidelines
ByAlex Carlucci, NMLS: 229891 June 28, 2026September 28, 2026

FHA Chapter 13 Bankruptcy Guidelines allow homebuyers and homeowners to qualify for FHA loans for home purchases and refinance during and after Chapter 13 Bankruptcy. Dustin Dumestre, a senior loan officer explains how borrowers can get a mortgage while in a Chapter 13 Bankruptcy repayment plan based on the FHA Chapter 13 Bankruptcy Guidelines: FHA…

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Best Home Purchase Loans to Buy Your Dream Home Today
ByAlex Carlucci, NMLS: 229891 June 27, 2026September 28, 2026

Home Purchase Loans: Traditional and Non-QM Options Home purchase loans are the financing options that make it possible to buy a home—whether you’re a first-time buyer, upgrading to a bigger place, or purchasing after a credit event. The right loan affects everything: how much house you can afford, how much cash you need upfront, your…

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Home Mortgages | Mortgage Refinance | Videos

15-Year versus 30-Year Fixed-Rate Mortgages Comparison
ByGustan Cho, NMLS 873293 June 26, 2026June 30, 2026

This guide covers 15-year versus 30-year fixed rate mortgages on loan programs. All residential mortgage loan programs have amortized terms. The most common mortgage programs are the 30-year fixed-rate mortgages. You can compare 15-year and 30-year FHA loans, see how monthly payments and mortgage insurance rules differ, check loan limits, and learn how to choose…

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Income And Employment | No-Ratio Mortgage Loans | NON-QM Loans | Qualifying & Getting Pre-approved | Videos

1099-Income versus W-2 Income Mortgage Guidelines
ByGustan Cho, NMLS 873293 June 26, 2026June 29, 2026

1099-Income versus W-2 Income: How It Affects Your Mortgage Approval When applying for a mortgage, the type of income you earn—1099-income versus W-2 income—can make a big difference in the approval process. W-2 employees typically have an easier time getting approved for a mortgage than 1099 wage earners because lenders view W-2 income as more…

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Home Mortgages | Conventional Loans | FHA Loans | First Time Home Buyers | Qualifying & Getting Pre-approved | Videos

How Do I Qualify for a Mortgage and Get Approved
ByGustan Cho, NMLS 873293 June 25, 2026June 25, 2026

This guide covers the frequently asked question how I qualify for a mortgage loan and get approved. Mortgage lenders do not just lend a home loan to anyone. Lenders need to make sure borrowers qualify not just in making their making their new mortgage payments, but borrowers need to qualify and meet minimum mortgage guidelines:…

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Home Mortgages | Mortgage Processing And Underwriting | Qualifying & Getting Pre-approved | Regulations | Videos

Closing Costs on Loan Estimate versus Closing Disclosure
ByMargarett Jurilla June 25, 2026August 28, 2026

Closing costs on the loan estimate versus closing disclosure will most likely be different. The itemized closing costs on the Loan Estimate (LE) is normally over-disclosed since most costs and fees were estimated on the very high end. If closing costs are higher than 10% of the disclosed amount, the loan officer/lender is liable for…

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Income And Employment | Bank Statement Loans | No-Ratio Mortgage Loans | NON-QM Loans | Videos

Self-Employed Mortgage Loans When Banks Say No
ByGustan Cho, NMLS 873293 June 23, 2026September 8, 2026

Most guidelines require lenders to average the most recent two years of income to qualify applicants. Some programs allow borrowers with newer businesses if they have experience

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Bad Credit Mortgages | Bank Statement Loans | No-Ratio Mortgage Loans | NON-QM Loans | Videos

How to Get Approved for a Home Mortgage with Bad Credit
ByGustan Cho, NMLS 873293 June 23, 2026September 8, 2026

This guide covers qualifying for a home mortgage with bad credit. One of the frequently asked questions by our clients at Gustan Cho Associates is, what is bad credit in mortgage terms? What does it mean to have bad credit? Bad credit, in general, can have a lot of meanings. Bad credit mortgage loans are…

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Mortgage Rates | Headline News Archives | High Debt To Income Ratio | Mortgage Processing And Underwriting | Real Estate Topic | Refinancing | Videos

Overview of Mortgage Markets and Interest Rates
ByGustan Cho, NMLS 873293 June 23, 2026September 17, 2026

Mortgage Markets and Interest Rates: Complete Guide for Homebuyers and Homeowners This guide covers the mortgage markets and interest rates. The mortgage markets and interest rates have seen volatile trends in recent weeks. The first and foremost is rising interest rates when analyzing mortgage markets and interest Rates. John Strange, a senior loan officer at…

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