Loan Officer Document Checklist To Start Mortgage Process
This guide covers the loan officer document checklist. This article on the Loan Officer Document Checklist is a series of…
Can I Qualify For VA Loan With Under 620 Credit Scores
Gustan Cho Associates has no lender overlays on VA loans. VA loans do not have a minimum credit score requirement nor a maximum debt to income ratio cap as long as the borrower can get an approve/eligible per automated underwriting system.
VA Property Tax Exemption Guidelines on VA Home Loans
This article will discuss the guidelines for VA property tax exemption related to VA home loans. The VA has created…
Using Rapid Rescore in The Mortgage Process
This guide covers using rapid rescore in the mortgage process. What is a rapid rescore? It’s a service accessible only…
Fannie Mae Collection Guidelines on Conventional Loans
This blog will cover Fannie Mae Collection Guidelines on Conventional loans. Fannie Mae and Freddie Mac are the two mortgage…
Canceling a Real Estate Purchase Contract Transaction
This guide covers canceling a real estate purchase contract transaction. A real estate purchase contract is a legally binding agreement…
Extenuating Circumstances Guidelines on Home Loans
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
Manual Underwriting DTI Guidelines For FHA and VA Loans
This guide covers manual underwriting DTI guidelines on FHA and VA loans. HUD and the Veterans Administration are the only…
Qualifying For a Mortgage Downsizing To a Smaller Home
This guide covers qualifying for a home loan downsizing to a smaller home. It makes no sense in having a…
Bad Credit Mortgage Loans Alabama With 530 FICO
In this article, we will discuss and cover homebuyers qualifying for bad credit mortgage loans Alabama. Qualifying for bad credit…
Can I Have Two FHA Loans Due To Expanding Family Size?
This guide addresses common inquiries regarding the possibility of maintaining two FHA loans due to expanding family size. Typically, individuals…
Buying House Near Apartment Community or Commercial Areas
This blog post will explore the implications of Buying House Near Apartment Community or Commercial Areas. Buying a house near…
Getting Approved For Home Loan in Community Property States
If you’re married and you buy a home in a community property state, you’ll face different rules for qualifying. Most of these rules come into play if you finance your home with a government-backed home loan like the FHA, VA or USDA programs.
Income-Based Repayment Student Loan Mortgage Guidelines
This guide aims to understand Income-Based Repayment Student Loan Mortgage Guidelines clearly. The daunting task of outstanding student loans presents…
Reasons Why Hiring Realtor on Home Purchase is Important
This article covers reasons why hiring realtor on home purchase is important. Getting hooked up with the right real estate…
Things That Can Delay Your Mortgage Loan Closing
This guide covers things that can delay your mortgage loan closing. A mortgage loan should be able to close in…
How Does The Federal Reserve Affect Mortgage Rates
This guide on how does the federal reserve affect mortgage rates was updated on June 16, 2023. Dustin Dumetre of…
FHA MIP Versus Conventional PMI For Mortgage Borrowers
This guide covers FHA MIP versus conventional PMI for mortgage borrowers. Mortgage Insurance is mandatory on all FHA loans and…
Preparing For a VA Loan With a Lender With No Overlays
This guide covers preparing for a VA loan with a lender with no overlays. Preparing for a VA loan with…
Understanding The Basics of What is a Mortgage
This guide covers understanding the basics on what is a mortgage. We will cover and discuss the meaning of what…
Self-Employed Mortgage With One-Year Tax Returns
Self-employed borrowers are now eligible to get an approve/eligible per automated underwriting system with one-year income tax returns.
VA Loans Versus Other Loan Programs
You must first be eligible. Only servicemembers, honorably-discharged veterans and sometimes their families are eligible. VA underwriting guidelines are flexible, with no minimum credit score an no minimum down payment.
