One of the FAQs on VA loans is how can I get approved for a VA loan with poor credit. The key to getting qualified in getting a VA loan with poor credit is to find a VA lender with no lender overlays. The answer is YES, you can get a VA loan with poor […]
Is It Difficult To Get Chapter 13 Trustee FHA Loan Approval During Repayment Plan? Most Trustees will approve a home purchase and a new mortgage during the Chapter 13 Bankruptcy repayment plan.
In this blog, we will cover and discuss FHA mortgage guidelines on credit disputes during the mortgage process. In general, you cannot have credit disputes during the mortgage process. There are a few credit disputes exempt from removal. IGustan Cho Associates are experts in working with borrowers with credit disputes. In the following sections, we […]
In this article, we will discuss and cover investment home loans with no income documentation. There are several different types of Investment Home Mortgage Loans. Government Loans cannot be used for investment homes and are for owner-occupant properties only. Here are the three government loans: FHA Loans VA Loans USDA Loans In this article, we […]
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. Borrowers need a 580 credit score to qualify for an FHA loan with a 3.5% down payment.
In this article, we will cover and discuss the California Housing Market Forecast For Homebuyers For 2022. California is the third-largest state by size in the United States and has the largest population of any state. With a population of 39.5 million residents, the area consists of 163,696 square miles (423,970 km2). Los Angeles County […]
In this blog, we will discuss and cover FHA loans for bad credit with low credit scores on home purchase and refinance transactions. FHA loans are government-backed mortgage loans that are originated, processed, underwritten, and funded by banks and private mortgage lenders. HUD is the parent of FHA loans. HUD-approved lenders are more than eager […]
In this blog, we will cover and discuss the steps of the VA mortgage process for homebuyers. In the following paragraphs, we will cover the steps of the VA mortgage process for homebuyers of VA loans. At Gustan Cho Associates we understand that life happens and sometimes your credit will be less than perfect. We […]
In this blog, we will cover and discuss the FHA Chapter 13 Manual Underwriting Guidelines on FHA loans. In the following sections of this guide on FHA Chapter 13 manual underwriting guidelines, we will be discussing and covering the FHA Chapter 13 Manual Underwriting Guidelines during and after Chapter 13 Bankruptcy. As we enter the […]
In this blog, we will cover and discuss qualifying for FHA loans with low credit scores in Nebraska for 2022. Folks thinking about purchasing a home should start getting prepared right away, even though you are thinking about purchasing a home in the future. You can rebuild and increase your credit scores. However, it takes […]