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Lender Overlays on Collection Accounts: What Borrowers Need to Know in 2025 Many homebuyers feel stuck when they apply for a mortgage and get denied because of old collection accounts. Maybe the bank told you, “Pay off all collections first.” Or maybe they said you don’t qualify because you still have charge-offs on your credit….
Starting Fresh: Mortgage After Bankruptcy in New Hampshire Filing for bankruptcy is never easy. It can feel like the end of your financial story. But here’s the truth: bankruptcy is not the end of your dream to own a home. Many families across New Hampshire have gone through bankruptcy and later bought a house. With…
In this blog, we will cover and discuss VA loan limits on how much home you can buy with a VA loan. VA loans no longer have maximum VA loan limits. Before 2010, VA loan limits used to depend on where the property is located and the type of property the borrower is financing. In…
The Impact of the Coronavirus Outbreak on Non-QM Lenders The Coronavirus outbreak hit non-QM lenders hard and fast. In early 2020, it felt like everything came to a standstill—non-QM mortgage companies stopped lending, shut their doors, and had to let go of staff. This left borrowers who relied on these alternative mortgage options in a…
Buying a House in Savannah, Georgia: Your 2025 Guide to Homeownership If you’ve been considering buying a house in Savannah Georgia, you’re definitely in good company. Savannah is one of the fastest-growing small cities in the U.S., famous for its charm, cobblestone streets, historic buildings, and those gorgeous oak trees covered in Spanish moss. But…
Conditional Mortgage Approval Versus Pre-Approval: What Borrowers Need to Know in 2025 Buying a home is super exciting, but the mortgage process can be overwhelming if you’re unclear on what all the terms mean. One of the biggest things that trips up homebuyers is understanding the difference between conditional mortgage approval and pre-approval. At first…
Virginia VA loan requirements has the most lenient mortgage guidelines versus any other loan program in the nation. VA loans is the mortgage loan of choice but is only limited to active and/or retired members of the U.S. Military with a valid certificate of eligibility. Alex Carlucci, a senior mortgage loan originator at Gustan Cho…
This guide covers VA employment history guidelines on VA loans. VA loans is the best loan program in the U.S. Unfortunately, not everyone can qualify for VA home loans. To be eligible for VA loans, borrowers need to be either an active member of the U.S. military and/or a veteran of one of our armed…
Starting New Career as MLO in 2025: Step-by-Step Guide to Success If you’ve been thinking about starting a new career as an MLO — Mortgage Loan Officer — you’re in the right place. This career can be both rewarding and flexible, offering the chance to help people achieve their dream of homeownership while building your…
Mortgage Approval with 580 FICO Credit Score in 2025: Your Complete Guide If you’ve been told you can’t get a mortgage because your credit score is 580, you’ve probably heard the wrong advice. The truth? Mortgage approval with 580 FICO credit score is possible — and at Gustan Cho Associates, we make it happen every…
Best Mortgage Lender in Oregon: Why Gustan Cho Associates Is Your #1 Choice in 2025 If you’re looking for the best mortgage lender in Oregon, you want more than just low rates. You need a lender who can actually get your loan approved, even if other banks have turned you down. At Gustan Cho Associates,…
In this blog, we will discuss and cover the types of mortgage lenders homebuyers can consult with to get pre-approved for a home mortgage. There are different types of mortgage lenders. Most people are not familiar with the mortgage process. There are three types of government loans. FHA, VA, and USDA loans. Government-backed loans are…
This guide covers how do mortgage lenders view periods of unemployment. Qualified income is extremely important when qualifying for a residential home loan. Can borrowers qualify with gaps in employment in the past two years? The answer to the above question is an absolute YES. Most lenders do want to see a solid two-year full-time…
Debt-to-Income Ratio Overlays: What Homebuyers Need to Know Your debt-to-income ratio (DTI) matters to lenders when getting a mortgage. But here’s the catch: different lenders have their own set of rules. Some can add their own extra restrictions on top of the basic guidelines, and these extra rules are what we call debt-to-income ratio overlays….
The Best Wholesale Mortgage Lenders for Non-Prime Loans: Your Complete Guide in 2025 Are you a borrower with less-than-perfect credit, self-employed, or recovering from a past financial hardship? If so, you’re not alone. Many borrowers like you are searching for the best wholesale mortgage lenders for non-prime loans who can help them achieve the dream…
Manual Downgrade from AUS Approval: What It Means and How to Get a Mortgage in 2025 Getting a mortgage can feel like a roller coaster. One minute, you’re told you’re approved. The next? You’re told your file is being downgraded. If you’ve heard the words “manual downgrade from AUS approval,” you’re not alone. And don’t…
In this blog, we will cover and discuss qualifying and getting a mortgage approval for home purchase on acreage in rural areas. Gustan Cho Associates is licensed in 48 states including Washington, DC, Puerto Rico, and the U.S. Virgin Islands. We have dozens of options for mortgage approval for home purchase on acreage in rural…
Appraisal Transfer Policy: How to Transfer a Home Appraisal to a New Lender If you’re changing mortgage lenders and have already paid for a home appraisal, you’re probably wondering: Can I use the same appraisal? The good news is yes—in many cases, you can. The process is called an appraisal transfer, and this guide explains…
Why Is GCA Different Than Other Lenders? Are you tired of being told “no” by mortgage lenders? Have you been denied a loan because of bad credit, bankruptcy, or income issues? You’re not alone. At Gustan Cho Associates (GCA), we help borrowers that other lenders turn away. In this guide, we’ll explain exactly why GCA…
What Are Mortgage Lender Overlays? Your Guide to Getting Approved Have you ever been told you don’t qualify for a mortgage—only to find out later that another lender could approve you? You probably ran into something called a mortgage lender overlay. If you’re wondering what mortgage lender overlays are and how they affect your loan…
What Are Hard Money Lenders? A Simple Guide for Real Estate Investors and Borrowers If you’ve been turned down by a bank or need fast funding to buy or fix a property, you’ve probably encountered the term hard money lenders. But what are they exactly? In this updated guide by Gustan Cho Associates, we’ll break…
Steps in the Underwriting Process: What Borrowers Need to Know in 2025 If you’re buying a home or refinancing your current mortgage, you’ll eventually go through something called underwriting. It might sound complicated, but it doesn’t have to be. In this guide, we break down the steps in the underwriting process using everyday language. Our…
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