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ByAnngelli Abenes
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Comprehensive Guide to TSAHC DPA Mortgage Program for Texas Homebuyers Exciting news for everyone looking to buy a home in Texas! Gustan Cho Associates is thrilled to announce that we’re now part of the TSAHC DPA Mortgage program. For those who might not be familiar, TSAHC DPA Mortgage stands for Texas State Affordable Housing Corporation…
ByAnngelli Abenes
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When it comes to getting home loans, buyers sometimes need extra support to qualify for their dream home. This is exactly when bringing in a non-occupying co-borrower can make a huge difference. If you’re stepping into the housing market for the first time, or even if you’re well-versed in real estate dealings, it’s crucial to…
ByAnngelli Abenes
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Is it possible to get a mortgage with a recent eviction? It’s a common worry – can someone get a mortgage if they’ve just faced eviction? If you’re in this boat, you’re definitely not sailing alone. At Gustan Cho Associates, it’s a question that often lands in our inbox. The uplifting news here is that,…
ByAnngelli Abenes
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Looking for the best Minnesota mortgage lenders for bad credit might seem daunting, but it doesn’t have to be. If you’ve faced rejection because of a low credit score or are just starting to explore your mortgage options, this detailed guide is here to light the way. It’s designed to break down the process…
ByAnngelli Abenes
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What are the VA Agency Guidelines to qualify for a VA loan during Chapter 13 Bankruptcy
ByAnngelli Abenes
Posted on
Are you trying to buy a house but find out you have unpaid court fees on your credit? It feels like a stop sign, but there’s a way to go ahead. You can actually get a mortgage with outstanding judgments. This guide makes it simple to understand. We will cover the must-haves for your application,…
ByAnngelli Abenes
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Understanding FHA 203k Rehab Loans After Bankruptcy Securing a home loan after experiencing bankruptcy can be challenging. Still, the FHA 203k Rehab Loan provides a viable path for home buyers looking to purchase and renovate a property. This type of loan is particularly beneficial for those who have faced financial hardships but are ready to…
ByAnngelli Abenes
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Mortgage Approval Process on Manual Underwriting: A Comprehensive Guide for 2024 The mortgage approval process can be overwhelming, especially with manual underwriting involved. Unlike automated underwriting, which relies on algorithms, manual underwriting involves a human underwriter meticulously reviewing your financial history and documents. This guide aims to demystify the mortgage approval process on manual underwriting…
ByAnngelli Abenes
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Simple Guide on Getting a Hard Money Loan With Federal Tax Lien in 2024 If you owe money to the government and need cash for your property projects, it might seem hard to get a loan. But, there’s still hope with a hard money loan with federal tax lien. This easy 2024 guide will show…
ByAnngelli Abenes
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An auto loan can be a deal killer when it comes to getting qualified for a mortgage. The average monthly auto loan on a new car is $500 per month. $500 per month is equivalent to a $100,000 mortgage payment.
ByAnngelli Abenes
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Your All-Inclusive Manual to Getting a Mortgage with Poor Credit in Illinois. Do you fear poor credit could dash your hopes of homeownership in Illinois? Worry no more! This manual will provide a step-by-step approach to securing an Illinois mortgage, even if you have bad credit. We shall review your alternatives, ways to enhance your…
ByAnngelli Abenes
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First-time homebuyers, especially, may be easily overwhelmed by the complexities of purchasing a home. One of the most critical aspects of obtaining a mortgage is grasping the Debt-to-Income (DTI) ratio, for which FHA loans are particularly crucial. For approval or eligibility per AUS (Automated Underwriting System), these FHA DTI Guidelines are important. In this guide,…
ByAnngelli Abenes
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It is often a difficult task for many self-employed persons to acquire mortgage loans. Traditional mortgages usually require long paperwork, including tax returns, which may be a problem in cases of those who do not have the regular income verification. This is where No-Doc Mortgage Loans come in handy. These loans make it possible for…
ByDale Elenteny
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In this article, we will cover and discuss getting approved for a new home loan after having a prior mortgage included in Chapter 7 Bankruptcy. There are instances where people will include a home loan when they file for bankruptcy. There are waiting period requirements after a bankruptcy and foreclosure. However, what is the waiting…
ByRonda Butts
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This guide covers the housing shortage facing the Midwest. The housing shortage in the Midwest has impacted and affected homebuyers in the Midwest. While home sellers enjoyed the multiple offers on their listed homes, many homebuyers were affected by multiple offers on the same property. There is not a homebuyer who did not have been…
ByGustan Cho
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This guide covers the VA credit dispute guidelines on VA mortgage loans. VA loans are the best loan program in the U.S. The Department of Veterans Affairs created and launched VA Home Loans to reward our members of the United States Military in becoming homeowners. Active and retired members of the U.S. Armed Services with…
ByGustan Cho
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In this blog, we will discuss and cover our traditional 90 LTV jumbo loans with no private mortgage insurance required. Gustan Cho Associates offers a wide variety of traditional and non-traditional alternative jumbo mortgage programs. With 160 plus wholesale lenders, we are lucky to be able to offer any loan program that is available. Real…
ByGustan Cho
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How Do I Know If I Qualify For A Mortgage? All loan programs have different lending guidelines. However, you normally need timely payments in the past twelve months and need qualified income and have the ability to repay your new mortgage.
BySapna Sharma
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The lending requirements on FHA loans are not the same for all Maryland FHA Lenders. There are two different categories of guidelines that govern FHA loans. These are the HUD agency mortgage guidelines and lender overlays, which are the individual lender requirements that go beyond those of the HUD agency. Many people think lenders who…
ByGustan Cho
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In this article, we will cover non-conforming loans and the types of non-QM mortgages for borrowers who do not qualify for traditional mortgage loans. The difference between non-conforming loans versus conforming loans is conforming loans conform to Fannie Mae or Freddie Mac Mortgage Guidelines. Any mortgage loans that do not conform to Fannie Mae and/or…
ByGustan Cho
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This guide covers no tax returns mortgages. We will discuss W2 income mortgages and no-doc mortgage loans for self-employed borrowers. Income is the most important factor in qualifying for a mortgage. Borrowers can have the most perfect in the world, but with no qualified income documentation or declared low income, borrowers may not qualify. Mortgage…
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