FHA Waiting Period After Bankruptcy and Foreclosure
This article will discuss the FHA Waiting Period After Bankruptcy and Foreclosure. The FHA mandates waiting periods after bankruptcy, foreclosure,…
What is a Credit Supplement For a Mortgage
This guide covers what a credit supplement in a mortgage is and how it works. There are three major credit…
Buying House After Selling Home With Late Payments
In this article, we will cover and discuss buying a house after selling home with late payments. One of the…
Funds In Bank Statements That Cannot Be Used By Lenders
This guide covers funds in bank statements that mortgage lenders cannot use. All funds in bank statements that are newer…
Upfront Costs For Mortgage Loans Prior To Closing
This guide covers upfront costs for mortgage loans prior to closing. What would you do as a borrower if a…
First Time Home Buyers | Home Mortgages | Home Purchase | Qualifying & Getting Pre-approved | Videos
Is Homeownership The Best Way To Build Wealth?
This blog will cover how to build wealth by owning versus renting a home. We will show you how quickly…
How Mortgage Underwriters View Declining And Irregular Income?
In this blog, we will cover and discuss how mortgage underwriters view the declining and irregular income of borrowers. There…
How Property Taxes in Mortgage Qualification Affects DTI
This guide covers property taxes in mortgage qualification and how it affects debt-to-income ratios. For homebuyers, especially first-time home buyers,…
Past Due Versus Collection And Charge Off Accounts Mortgage Guidelines
In this blog, we will discuss and cover Past Due Versus Collection And Charge Off Accounts when qualifying and getting…
Self-Employed Relocation Mortgage Guidelines And Challenges
In this article, we will cover and discuss Self-Employed Relocation Mortgage Guidelines. Three primary categories of residential mortgages cater to…
Acceptable Sources of Verifiable Funds for Closing
In this blog, we will cover and discuss the acceptable sources of verifiable funds for closing. With the majority of…
Qualifying For Conventional Loan After Foreclosure
Qualifying for a conventional loan after foreclosure presents more challenges than government loans. However, homebuyers can qualify for a conventional…
NON-QM Loans After Bankruptcy With Bad Credit and Low FICO
Non-QM loans after bankruptcy and foreclosure allow homebuyers to purchase a home with no waiting period after bankruptcy and/or a…
Refinance Into FHA 203k Loan From an Existing Mortgage
In this blog, we will cover and discuss how to refinance into FHA 203k loan from an existing home mortgage….
What Is DU Automated Approval per AUS FINDINGS
In this blog, we will cover and discuss what is DU automated approval on the automated underwriting system. A sound…
FHA Guidelines on Late Payments After Bankruptcy
In this blog, we will cover and discuss FHA guidelines on late payments after bankruptcy. Borrowers are often confused with FHA…
How Do Mortgage Lenders View Charge-Offs
In this article, we will cover how do mortgage lenders view charge-offs. One of the frequently asked questions at Gustan…
EPM Empowered Down Payment Assistance Mortgage Program
This guide covers EPM Empowered down payment assistance mortgage programs. There are several types of down payment assistance mortgage programs…
Can Realtors Be Loan Officers at The Same Time?
Can Realtors Be Loan Officers at the Same Time? The answer is yes. GCA Mortgage Group is recruiting professional real estate agents with at least a one-year of loan origination experience.
Collection Accounts | Bad Credit Mortgages | Charge Off Accounts | FHA Loans | Mortgage Processing And Underwriting | Videos
How Underwriters View Collections on Mortgage Loans
HUD, the parent of FHA, does not require you to pay off the outstanding unpaid collection account balances in order to qualify for FHA Home Loans. However, FHA will count a percentage of any outstanding non-medical collection account balances.
Clearing Conditions For Clear To Close on Home Purchase
This guide covers clearing conditions for clear to close on home purchases. Once mortgage borrowers have signed the mortgage application…
Impact of Credit Score Changes During Mortgage Process
This guide covers the impact of credit score changes during mortgage process and how it impacts borrowers. Credit Score Changes…
