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 says the following about real estate…
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 says the following about owner-occupant multi-family mortgage guidelines for…
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…
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,…
How Secured Credit Cards Can Be Used To Boost Credit Scores For Mortgage Approval The best and easiest way to rebuild and re-establish credit to qualify for a mortgage is using secured credit cards to raise credit scores and have timely payments on all of your debt payments for the past 12 months. Learn how…
Cash-out refinance mortgage rates are usually higher than standard refinance rates because you are borrowing against your home equity and increasing the lender’s risk. The exact rate you get depends on several factors, including your credit score, loan-to-value ratio, occupancy type, property type, and current market conditions. A cash-out refinance can be a handy option…
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