When planning to buy a home, one of the first big questions is which mortgage program fits you best. Many first-time and repeat buyers compare the pros and cons of conventional and FHA loans to determine which offers the best deal, flexibility, and long-term savings. Both loan types are designed to help people achieve homeownership,…
HUD FHA 203h Mortgage Guidelines for Disaster Victims in 2025: Helping Families Rebuild After Natural Disasters with Zero Down Payment FHA Financing When disaster strikes, thousands of families lose their homes overnight. Hurricanes, wildfires, floods, and tornadoes can destroy entire communities. That’s why the U.S. Department of Housing and Urban Development (HUD) created a special…
Your All-Inclusive Manual to Getting an Illinois Mortgage with Bad Credit Mortgage Options. Do you fear poor credit could dash your hopes of homeownership in Illinois? Worry no more! This manual will provide a step-by-step approach to securing an Illinois mortgage, even if you have bad credit. Christy Hembree, a senior mortgage loan originator at…
Chenoa DPA EDGE Program: Your Guide to Down Payment Help in 2025 The American dream is a term we have all heard many times. But what is the “American Dream”? According to Wikipedia: American Dream is a belief that anyone can obtain their own version of success in a society where upward Mobility is possible…
The Truth About Getting a Mortgage With Charge-Off Balances If you’re worried about buying a home because your credit report shows charge-off balances, you’re not alone. Thousands of borrowers each year are told by banks and lenders: “You must pay off your charge-offs before you can qualify for a mortgage.” Here’s the good news: that’s…
Buying a Beachfront Property in Florida: Everything You Need to Know Florida’s sunshine, sandy beaches, and breathtaking views have made it one of the most popular places in the world to own coastal real estate. Whether you want a second home, a vacation rental, or your forever beach house, buying a beachfront property in Florida…
Primary Home Mortgage Guide: Rules, Loan Options, and How to Qualify Buying your first home can feel confusing. One of the most important terms you’ll hear in the process is “primary residence.” But what does it really mean? And why is it so important for loan approval? This primary home mortgage guide will walk you…
How to Get a Mortgage Loan with Unsatisfied Judgment in 2025 Getting a mortgage loan with an unsatisfied judgment may seem impossible, but it’s not. Many homebuyers assume that having a judgment on their credit report means they’re automatically disqualified. The truth? Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates, says the…
This article will cover how underwriters view collections and charge-off accounts when reviewing a borrower for a mortgage loan. Homebuyers can qualify for an FHA loan with outstanding collections and charged-off accounts. How underwriters view collections and charge-off accounts depends the lender the mortgage underwriter works for. If the lender has no overlays on collection…
In this blog, we will discuss and cover FHA vs conventional cash-out refinance mortgage loans and general rate and term refinance mortgage guidelines. HUD, the parent of FHA, has changed the FHA cash-out refinance guidelines for homeowners from 85% loan to value to 80% LTV. HUD requires FHA mortgage insurance premium on all 30-year fixed-rate…
Buying a home is exciting, but it also comes with new responsibilities. Property taxes, homeowners’ insurance, and mortgage payments can feel overwhelming if you juggle them alone. That’s why most lenders rely on escrow account mortgage guidelines to keep everything running smoothly. Think of an escrow account as your personal safety net. A part of…
In this blog, we will cover and discuss USDA loan after Chapter 7 Bankruptcy mortgage guidelines for first-time homebuyers. USDA lending guidelines for first-time homebuyers allow buyers to purchase a home with no money down and 100% financing. Dale Elenteny, a senior mortgage loan originator at Gustan Cho Associates says the following about getting approved…
Apartment Building Loans: Your Complete Guide If you plan to buy or refinance a multifamily property, look for apartment building loans. Whether it’s a small duplex, a medium-sized apartment complex, or a large multifamily project, getting the right financing is key to your investment success. At Gustan Cho Associates, we help real estate investors and…
Why Understanding the Types of Commercial Lending Matters Knowing the types of commercial lending can make or break your next deal if you’re a business owner or real estate investor. Unlike residential loans, commercial loans are designed for businesses, investors, and organizations. They cover everything from buying an office building, financing equipment, or bridging a…
Licensed in 48 States • 300 Lending Partners Meet Our Team at Gustan Cho Associates The mortgage professionals who close loans when others say “no.” Available 24/7, 365 days a year to help you achieve homeownership. 80%+ Success Rate 300 Lending Partners 48 States Licensed 24/7 Support Available At Gustan Cho Associates, our team is…
Non-QM Loan Waiting Period Guidelines: Buy a Home Sooner After Bankruptcy or Foreclosure Life happens. Job loss, medical bills, divorce, or other hardships can leave borrowers facing bankruptcy, foreclosure, deed in lieu, or a short sale. For many, the biggest question after a financial setback is simple: “How long do I have to wait before…
Maintenance Checklist for Florida Homes Owning a home in Florida is a dream that comes with its own set of challenges. Between the intense heat, high humidity, heavy rain, and hurricane season, homes in Florida take a beating compared to properties in other states. That’s why having a maintenance checklist for your Florida home isn’t…
In this article, we will cover and discuss FHA streamline refinance Utah mortgage guidelines. Gustan Cho Associates, Powered by Coast2Coast Mortgage, LLC, is a mortgage broker licensed in 48 states. Alex Carlucci, a senior mortgage loan originator at Gustan Cho Associates says the following about FHA streamline refinance Utah. Gustan Cho Associates has wholesale lending…
Homebuyers should take time and ask as many questions as possible prior to the homebuying process. This holds especially true even if they are purchasing the home cash.
Mortgage Timeline on Manual Underwriting: What Borrowers Need to Know in 2025 When you apply for a home loan, you want to know one big thing: How long will it take to close? If your file is going through manual underwriting, the timeline can be different from loans that get instant approval from an Automated…
Mortgage With Low Credit Scores in Vermont: Your 2025 Guide Buying a home is a big dream for many Vermonters. But if your credit score is not where you want it to be, you may wonder if getting approved for a mortgage is even possible. The good news? You can still qualify for a mortgage…
Mortgage With Disability Income: How to Qualify in 2025 Buying a home when most or all of your income comes from disability benefits can feel overwhelming. Many wonder if lenders will accept Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), or VA disability benefits when applying for a mortgage. The good news? You can…
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