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Getting approved for a mortgage with marginal credit scores is possible, but the margin for error is smaller. A small score drop, a new account, or a missed payment during the mortgage process can affect your loan options, pricing, or approval status. The good news is that many borrowers with lower or near-minimum credit scores…
Welcome to your ultimate guide on FHA Home Loans! This resource is here to answer all your burning questions about qualifying for and getting approved for these fantastic loans. It’s important to note that different lenders may have unique requirements for FHA loans, but don’t worry—FHA loans are praised nationwide for their flexible criteria and…
Remote MLO Career Opportunities: Work From Anywhere With Gustan Cho Associates If you’re an experienced mortgage loan officer looking for remote MLO career opportunities, you’ve found the right place. At Gustan Cho Associates, powered by NEXA Mortgage LLC, we’re not just offering a job — a career that gives you freedom, flexibility, and the tools…
One-Time Close Construction Loan Explained A one-time close construction loan (also called a construction-to-permanent loan) lets you buy land, pay for construction, and roll everything into one long-term mortgage with a single closing. Instead of getting a short-term construction loan and then refinancing later, you close once up front and the loan transitions to the…
FHA Loan with Judgment: Your Guide to Homeownership in 2026 If you’re dealing with a judgment on your credit report, you might think qualifying for an FHA loan is out of reach. Here’s the good news: it’s not impossible. FHA loans, supported by the Federal Housing Administration (FHA), aim to assist individuals facing financial difficulties…
Tax Settlement for Mortgage Borrowers With Tax Liens: How to Qualify for a Home Loan Owing the IRS or your state doesn’t automatically end your homeownership plans. Many borrowers can still get approved for a mortgage—even with an active tax lien—as long as the tax debt is properly documented and structured correctly before closing. At…
The FHA W-2 Income Only Mortgage Lending Guidelines provide a pathway for borrowers to qualify for an FHA loan based solely on W-2 income, without the requirement of submitting income tax returns. Conventional and FHA loans stand out as the most widely used among the various mortgage loan programs available today. It is important to…
Fannie Mae Guidelines on Mortgage After Foreclosure in 2026: How to Qualify Again Fast If you’ve been through a foreclosure, you might wonder: “When can I buy a house again?” The good news is you can, and knowing the Fannie Mae guidelines on mortgage after foreclosure is the first step. At Gustan Cho Associates, we…
In this guide, we will discuss the FHA guidelines on charge-offs and collections, crucial information for anyone seeking an FHA loan. These guidelines allow individuals with outstanding charge-offs and collection accounts to qualify for FHA financing. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about FHA guidelines on charge-offs…
FHA Streamline Refinance Mortgage Guidelines If you already have an FHA mortgage and want a lower payment without the usual refinance headaches, an FHA Streamline Refinance may be your fastest option. This program is designed specifically for current FHA borrowers. It can reduce your rate and payment with less documentation than a standard refinance. In…
FHA Manual Underwriting Mortgage Guidelines: 2026 Update If you’re applying for an FHA loan and received a “Refer/Eligible” from the Automated Underwriting System (AUS), you may need manual underwriting to get approved. Don’t worry! Many homebuyers qualify for FHA loans through manual underwriting, especially those with non-traditional credit profiles or higher debt-to-income (DTI) ratios. This…
Borrowers can calculate their front-end and back-end debt-to-income ratio for FHA loans using the FHA DTI Mortgage Calculator powered by Gustan Cho Associates. FHA loans are the most popular loan program for first-time homebuyers, borrowers with bad credit, and borrowers with high debt-to-income ratios. HUD, the parent of FHA, has a maximum front-end and back-end…
What are Investment Property Loans? Investing in real estate can be a great way to build your wealth over time. But just so you know, getting financing for an investment property isn’t the same as snagging a mortgage for the home you live in. Some investors qualify using traditional conventional loans that follow Fannie Mae…
How does the economy affect the housing markets? If you’re wondering whether now is a good time to buy, sell, or invest, you don’t need complicated forecasts. You can easily track how the economy affects the housing markets through three key factors: Mortgage rates (the cost of borrowing) Jobs and wages (how confident buyers feel…
80% of our borrowers who contact us at Gustan Cho Associates have gotten last-minute mortgage denials from other lenders or were told they could not qualify due to their lender overlays. Other borrowers were referred to us because they had no luck finding a mortgage lender with the mortgage loan program they were looking for….
Commercial Real Estate Loans: Your 2026 Guide to Smart Investment Financing Thinking about buying a rental building, retail store, or office space? You might need a commercial real estate loan to make it happen. Commercial real estate loans are built for business and investment properties, unlike home loans. In this guide, we’ll explain what they…
This guide covers non-warrantable condos and condotel mortgage rates. A condotel, or a condo-hotel, is a condominium unit located within a hotel or a hotel-like condominium project. Major hotel brands such as Marriott Hotels, Hyatt Hotels, and Trump Hotels often include condotels in their hotel complexes. Condotels are owned by individuals, investors, or other private…
Using Asset Depletion To Qualify For a Mortgage If you are retired, semi-retired, or have a substantial amount of assets but limited regular income, an asset depletion mortgage can help you purchase or refinance a home without requiring pay stubs or tax returns. Lenders use assets like investments, cash, or retirement accounts to turn them…
Why Choose Us: The Mortgage Team That Gets You Approved and Closed—Fast! Are you tired of hearing “no” from mortgage lenders? You are not alone. At Gustan Cho Associates, we help homebuyers and real estate investors nationwide who other lenders have not approved. If you’re asking yourself why you chose us for your mortgage, this…
DACA Mortgage Loans: How DREAMERS Can Buy a Home in 2026 Are you a DACA recipient dreaming of buying your first home? You’re not alone. Many young adults under the Deferred Action for Childhood Arrivals (DACA) program are ready to take that next step into homeownership. The good news? DACA mortgage loans are available and…
This article covers a 12-month bank statement mortgage for self-employed borrowers. Until recently, most self-employed home buyers had difficulty qualifying for a mortgage. Many self-employed homebuyers often have the means to afford a higher-end home. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates, says about 12-month bank statement mortgage loans for self-employed…
Condotel Financing Mortgage Guidelines: Your 2026 Guide to Buying or Refinancing a Condotel. If you’ve ever dreamed of owning a vacation home that generates rental income, condotels might be your perfect solution. In this updated guide, we’ll break down everything you need to know about condotel financing mortgage guidelines—whether you’re a first-time buyer, investor, or…
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