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FHA Loans | Home Possible | Manual Underwriting | Mortgage After Bankruptcy and Foreclosure | Qualifying & Getting Pre-approved | Selling Your Home | Videos

How to Buy and Sell a House While in Chapter 13 Bankruptcy
ByGustan Cho, NMLS 873293 March 8, 2024November 24, 2025

In this blog, we will cover and discuss how to buy and sella house while in Chapter 13 Bankruptcy. Borrowers can buy and sell a house while in Chapter 13 bankruptcy without the Chapter 13 Bankruptcy being discharged. Borrowers would need trustee approval which is normally never a problem. Chapter 13 Bankruptcy repayment is generally…

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Bad Credit Mortgages | Conventional Loans | FHA Loans | NON-QM Loans | USDA Loans | VA Loans | Videos

The Types of Residential Lending for Borrowers With Bad Credit
ByGustan Cho, NMLS 873293 March 8, 2024April 15, 2026

This guide covers the different types of residential lending for homebuyers with bad credit out in todays marketplace for owner-occupant home, second homes, and investment properties. Most folks will need to know with types of residential lending when shopping for a home. There are many types of residential lending when it comes to home mortgages,…

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FHA Loans | Bad Credit Mortgages | VA Loans | Videos

Buying a Home In Tennessee With Bad Credit and Low FICO
ByJohn Strange, NMLS: 230932 March 7, 2024March 20, 2026

HUD oversees the Federal Housing Administration (FHA) and helps homebuyers in buying a home in Tennessee with bad credit and low FICO. The most recommended loan programs for those interested in buying a home in Tennessee with poor credit and diminished credit scores are government and conventional loans. This preference arises from FHA, VA, USDA,…

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Conventional Loans | Mortgage Rates | Mortgage Refinance | Videos

Conventional Refinance Mortgage Pricing Adjustments
ByDale Elenteny, NMLS: 904444 March 6, 2024November 25, 2025

Homeowners should explore how much money they can save with today’s historic low mortgage rates to refinance their home loans.

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

Preparing For Home Loan Before Applying For a Mortgage
ByGustan Cho, NMLS 873293 March 6, 2024March 20, 2026

This blog will cover preparing for home loan before applying for a mortgage for a smooth mortgage approval without stress. Preparing for home loan before entering a home purchase contract will minimize stress during the mortgage process for home buyers. The main reason for stress during the mortgage process and a last-minute mortgage denial is…

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FHA Loans | Mortgage With Late Payments | Videos

Can I Qualify For FHA Loan With Tax Lien
ByGustan Cho, NMLS 873293 March 6, 2024November 25, 2025

In this article, we will cover and discuss the frequently asked question can I qualify for FHA loan with tax lien. The answer to can I qualify for FHA loan with tax lien is yes under certain circumstances. You can qualify for FHA loan with tax lien only if you have a written payment agreement…

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Videos | Bad Credit Mortgages | Mortgage After Bankruptcy and Foreclosure | Mortgage With Late Payments | NON-QM Loans | Re-Establishing Credit

Mortgage With Recent Derogatory Credit in the Past 12 Months
ByGustan Cho, NMLS 873293 March 5, 2024November 25, 2025

In this article, we will cover and discuss qualifying for a mortgage with recent derogatory credit with our non-QM loan programs. Homebuyers can qualify for a mortgage with recent derogatory credit at Gustan Cho Associates with our non-QM loan program. What is recent significant derogatory credit? Here are examples of issues when it comes to…

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FHA Loans | Real Estate Topic | Videos

HUD Guidelines on Multiple FHA Loans at Same Time
ByGustan Cho, NMLS 873293 March 1, 2024December 11, 2025

This guide covers HUD mortgage guidelines on having multiple FHA loans at the same time. One of the most frequently asked questions from homebuyers is can I qualify and get approved for multiple FHA loans at the same time. FHA loans are for owner-occupant primary homes. A homeowner can live in one property. There are…

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Bad Credit Mortgages | Income And Employment | Qualifying & Getting Pre-approved | Re-Establishing Credit | Videos

How To Buy a House With Bad Credit
ByAlex Carlucci, NMLS: 229891 March 1, 2024December 11, 2025

This guide covers how to buy a house with bad credit. Many folks assume you cannot get a mortgage loan with bad credit. Many non-believers frequently ask can you please help us how to buy a house with bad credit. The anwer to the frequently asked question how to buy a house with bad credit…

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Mortgage Refinance | Home Mortgages | NON-QM Loans | Videos

Texas Cash-Out Refinance Guidelines For 2024
ByJohn Strange, NMLS: 230932 March 1, 2024December 11, 2025

This blog post will explore and elaborate on the Texas Cash-Out Refinance Guidelines in home mortgages. Gustan Cho Associates, a team of mortgage brokers, holds licenses in 48 states, specifically including Texas. Operating as licensed mortgage lenders in those same 48 states, Gustan Cho Associates has earned a national reputation for successfully facilitating mortgage loans…

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Mortgage After Bankruptcy and Foreclosure | FHA Loans | VA Loans | Videos

Buying House While In Chapter 13 Bankruptcy
ByGustan Cho, NMLS 873293 February 29, 2024December 11, 2025

This blog post will explore Buying House While In Chapter 13 Bankruptcy. Chapter 13 Bankruptcy involves a structured five-year repayment plan before receiving a discharge. The good news is that potential homebuyers must only delay their plans to qualify for a mortgage once the bankruptcy is fully discharged. Instead, the bankruptcy trustee needs to approve…

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FHA Loans | Manual Underwriting | Mortgage Lender Overlays | Videos

FHA Loans With 500 FICO Credit Score
ByAlex Carlucci, NMLS: 229891 February 29, 2024March 12, 2026

HUD, the parent of FHA, allows borrowers down to a 500 credit score to qualify for an FHA loan. However, for borrowers with under a 580 credit score, a 10% down payment is required.

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FHA Loans | Home Purchase | Income And Employment | Investment Homes | Real Estate Topic | Videos

Can I Have Two FHA Loans at The Same Time
ByGustan Cho, NMLS 873293 February 28, 2024December 16, 2025

This guide explains the requirements for obtaining two FHA loans at the same time. This is important information for those who want to finance two primary residences. Joey Virga, the President and CEO of Virga Realty, a distinguished real estate company headquartered in Panama City, Florida, shares insights into his clients’ journey to obtain approval…

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Career Opportunities/Loan Officer Training | Mortgage Processing And Underwriting | Videos

Loan Officer Document Checklist To Start Mortgage Process
ByGustan Cho, NMLS 873293 February 28, 2024December 16, 2025

This guide covers the loan officer document checklist. This article on the Loan Officer Document Checklist is a series of training worksheets that will be prepared and saved on the Mortgage Learning Center archives for both new and experienced loan officers who came on board at Gustan Cho Associates. All loan officers must ensure all files…

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Non-Occupant Co-Borrowers | Conventional Loans | Videos

Conventional Loan With Non-Occupant Co-Borrower
ByGustan Cho, NMLS 873293 February 27, 2024December 11, 2025

This blog will cover Fannie Mae and Freddie Mac guidelines on qualifying for a conventional loan with non-occupant co-borrower. Non-Occupant Co-Borrowers can be added to Conventional and FHA loans. The United States Department of Veteran Affairs does not allow non-occupant co-borrowers on VA home loans. Only married spouses of veteran borrowers can be added as…

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Videos

Using Rapid Rescore in The Mortgage Process
ByGustan Cho, NMLS 873293 February 27, 2024December 11, 2025

This guide covers using rapid rescore in the mortgage process. What is a rapid rescore? It’s a service accessible only through your mortgage lender that allows you to update your credit report almost instantly. Correct credit report errors. Update balances after paying them off or down. Update new or increased lines of credit. Your mortgage…

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Home Purchase | Property Taxes | Real Estate Topic

Using Property Tax Prorations For Down Payment on a House
ByGustan Cho, NMLS 873293 February 27, 2024March 12, 2026

This blog post will explore the revised mortgage guidelines on Using Property Tax Prorations For Down Payment on a House. The updated agency mortgage guidelines now permit homebuyers to utilize property tax prorations sellers provide for their home purchase down payment. Recently revised guidelines from HUD, VA, USDA, Fannie Mae, and Freddie Mac state that…

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Collection Accounts | Charge Off Accounts | Conventional Loans | Videos

Fannie Mae Collection Guidelines on Conventional Loans
ByGustan Cho, NMLS 873293 February 27, 2024April 15, 2026

This blog will cover Fannie Mae Collection Guidelines on Conventional loans. Fannie Mae and Freddie Mac are the two mortgage giants that regulate agency guidelines on conventional loans. The two mortgage giants are the largest buyers of mortgages on the secondary market. Fannie Mae typically requires a minimum credit score for conventional loans. Credit scores…

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Income And Employment

Mortgage Qualifying With Part-Time Income and Other Income
ByAlex Carlucci, NMLS: 229891 February 26, 2024December 16, 2025

In this blog post, we’ll delve into Mortgage Qualifying With Part-Time Income and Other Income and explore lending guidelines regarding various income sources. One significant challenge for numerous mortgage applicants is navigating a high debt-to-income ratio during the qualification process. Many lenders enforce overlays on debt-to-income ratios, which are lending criteria more stringent than those…

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Bad Credit Mortgages | Videos

Extenuating Circumstances Guidelines on Home Loans
ByGustan Cho, NMLS 873293 February 26, 2024March 9, 2026

Many agency guidelines list extenuating circumstances as reasons for getting qualified for a mortgage when otherwise they would not qualify. However, borrowers need to understand

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Bad Credit Mortgages | FHA Loans | Videos

Bad Credit Mortgage Loans Alabama With 530 FICO
ByGustan Cho, NMLS 873293 February 26, 2024December 11, 2025

In this article, we will discuss and cover homebuyers qualifying for bad credit mortgage loans Alabama. Qualifying for bad credit mortgage loans Alabama is possible with a lender with no lender overlays. HUD, the parent of FHA, has the most lenient mortgage guidelines than any other mortgage program. VA loans is the best mortgage loan…

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Videos | FHA Loans | Home Purchase | Real Estate Topic

Can I Have Two FHA Loans Due To Expanding Family Size?
ByGustan Cho, NMLS 873293 February 26, 2024December 11, 2025

This guide addresses common inquiries regarding the possibility of maintaining two FHA loans due to expanding family size. Typically, individuals are limited to one FHA loan per family. However, there are circumstances wherein you can retain your current home with an FHA loan while obtaining a second FHA loan for a new home purchase. HUD…

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