FHA Loans In Las Vegas With Bad Credit
This blog will discuss getting approved for FHA loans in Las Vegas with bad credit and credit scores down to…
580 Score VA Financing With No Lender Overlays
This guide covers 580 score VA financing for eligible veteran homebuyers and homeowners. The team at Gustan Cho Associates are…
AUS-Approval To VA Manual Underwrite Downgrade
When does an automated underwriting system approved file get downgraded to a VA manual underwrite downgrade on VA loans happen?…
Freddie Mac Asset Depletion Mortgage Lending Guidelines
Can you get a Freddie Mac mortgage if you have lots of investments or savings but little or no income? In many cases, you can convert assets into income (for mortgage qualifying purposes) by using asset depletion.
How Does Rent-to-Own Homes Work?
In this guide, we will cover how rent-to-own homes work for homebuyers who cannot quite get traditional financing. When you…
What is The Difference Between ARM Versus Fixed-Rate Mortgages
In this blog, we will cover ARM versus fixed-rate mortgages. ARM stands for an adjustable-rate mortgage. Adjustable-Rate Mortgage is when…
What Factors Affect Mortgage Rates Pricing on Home Loans
Lenders base each borrower’s credit scores as well as other risk factors when determining mortgage rates. The higher the risk of a borrower, the higher the rate. It is best for each borrower to maximize their credit scores and other layered risks to get the best mortgage rates.
Excluding Debts From Co-Signed Loans To Qualify For Mortgage
This guide covers excluding debts from co-signed loans to qualify for mortgage loans. Mortgage borrowers who are co-signers on debts…
Is This The Year of the Housing Bubble?
Rumors are flying about a possible housing bubble in the US. Are they based in fact, or is this wishful thinking on the part of frustrated would-be buyers?
Difference Between a Job Versus a Career As a Loan Officer
What is the difference between a job versus a career? Is my job a career? What is the difference between…
FHA Mortgage Guidelines on Credit Disputes
This blog will discuss FHA mortgage guidelines on credit disputes during the mortgage process. In general, you cannot have credit…
VA Loans Residual Income Guidelines For 2024
Lenders can offer 100% with no mortgage insurance at competitive low mortgage rates on VA loans due to the government guarantee against loss or foreclosure on VA loans. VA loans have no maximum debt-to-income ratio cap on VA loans.
How to Avoid Delays in Mortgage Loan Closings
This guide covers how to avoid delays in mortgage loan closings. When homebuyers enter a real estate purchase contract, the…
Florida Housing Market For Homebuyers and Renters
There is no sign of any housing market crash, especially in Florida. Home prices are booming with no signs of any correction.
Bad Credit Mortgages | FHA Loans | NON-QM Loans | Qualifying & Getting Pre-approved | VA Loans | Videos
Can I Buy a House in South Dakota With Poor Credit
In this blog, we’ll address the common inquiry: Can I buy a house in South Dakota with poor credit and…
DSCR Mortgage Loans: Debt-Service Cover Ratio
DSCR mortgage loans, debt-service coverage ratio mortgages, is a type of no-income verification mortgage loan program. There is no income…
Appraisal Transfer Policy From One Lender To Another
This blog will discuss the appraisal transfer policy from one lender to another when a borrower changes mortgage lenders. As…
How Property Taxes on New Construction Homes Are Calculated
This blog will discuss how mortgage underwriters calculate property taxes on new construction homes. Property taxes on new construction homes…
1099 And Self Employed Borrowers Mortgage Guidelines
More and more people are choosing self-employment or contract work as their source of income. This trend means that mortgage…
First-Time Buyer 3 Percent Down Payment Conventional Loan
What Are The 3% Down Payment Conventional Loan Requirements And Guidelines? Fannie Mae and Freddie Mac allow a 3% down payment on conventional loans for first-time homebuyers. A first-time homebuyer is a buyer who had no ownership of a home in the past three years.
Mortgage Case Scenarios of Borrowers With Bad Credit
This guide covers mortgage case scenarios of borrowers with bad credit and lower credit scores. If you have been following…
Bank Statement Deposit Only Mortgage For Self-Employed Borrowers
This blog will discuss and cover bank statement deposit only mortgage for self-employed borrowers with no income tax returns required….
