In this blog, we will discuss and cover the types of jumbo mortgage loan programs for homebuyers available at Gustan Cho Associates. Gustan Cho Associates has several types of jumbo mortgage loan programs available at GCA Mortgage. If you have been paying attention to the news, you know home values are up across the nation. […]
What Are Non-QM Loans?
Non-QM loans are mortgages that don’t meet the requirements for Qualifying Mortgages (QM).
Non-QM loans are not backed by the government like FHA, VA and USDA loans, and they don’t conform to standards of Fannie Mae or Freddie Mac.
Borrowers who have unusual sources of income, are experiencing credit challenges or need to purchase investment property can often benefit from a non-QM loan.
In this blog, we will cover and discuss the mortgage guidelines on late payments in the past 12 months. Borrowers can qualify for home loans with bad credit, prior bankruptcy, prior foreclosures, and outstanding collections. However, mortgage guidelines on late payments normally require timely payments in the past 12 months. Furthermore, mortgage guidelines on late […]
In this blog, we will cover and discuss qualifying for mortgage with collection accounts guidelines. Homebuyers can qualify for a mortgage with collection accounts. HUD, the parent of FHA, has the most lenient agency mortgage guidelines than any other loan program. It is easier to get an approve/eligible per automated underwriting system (AUS) on FHA […]
In this article, we will cover and discuss applying for mortgage with another lender when denied by the original lender. The team at Gustan Cho Associates gets countless calls from borrowers asking for advice on applying for mortgage with another lender when denied by their first lender. Applying for mortgage with another lender when denied […]
In this blog, we will cover and discuss refinancing with judgment mortgage lending guidelines. Mortgage rates are still low and many homeowners have not refinanced their higher interest mortgage home loans yet. A full rate and term and/or cash-out refinance mortgage process is the same as applying for a home purchase mortgage loan. However, FHA […]
In this article, we will cover and discuss getting approved with the best mortgage lenders for bad credit in Hawaii with low rates. Hawaii has one of the highest home prices in the United States. Home prices in Hawaii ranks among the highest next to Alaska, Puerto Rico, Guam, and the Virgin Island. Best mortgage […]
In this blog, we will cover and discuss the cash to close borrowers need to bring to closing. Homebuyers in a mortgage process will need to have their cash to close verified by mortgage underwriters. The lender will need to verify borrowers have enough verified funds for the down payment and closing costs for the […]
In this blog, we will discuss and cover one of the most frequently asked questions we receive daily can I qualify for VA loan with high DTI. VA loans are the best mortgage loan program in the United States. There is no down payment required and there is no monthly mortgage insurance premium on VA […]
In this blog, we will cover and discuss qualifying for FHA loans with South Dakota FHA lenders for under 600 FICO with outstanding collection and charged-off accounts. The United States Department of Housing and Urban Development, also known as HUD, is the parent of the Federal Housing Administration, commonly referred to as FHA. Not all […]
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