This Article Is About Advice On How Can I Improve My Credit Scores To Qualify For Mortgage Many consumers ask how can I improve my credit scores to qualify for mortgage? There a minimum credit score requirements to qualify for mortgages. Each loan program has its own credit score requirements. In this article, we will…
Apply Now This ARTICLE On Buying A House With Student Loans Mortgage Guidelines Was PUBLISHED On December 9th, 2019 Buying a house with student loans can be challenging. This holds especially true for borrowers with high student loan debt Deferred student loans no longer are allowed on government and conventional loans with the exception of…
Apply Now This BLOG On Non-Occupied Co-Borrowers Mortgage Guidelines On FHA Loans There is more to qualify for FHA Loans with just have a good-paying job and great credit scores. Whether it is FHA, VA, USDA, Fannie Mae, Freddie Mac, Jumbo, or any other loan program, lenders will want to know if borrowers are able…
Apply Now This article will cover the low appraisal solutions homebuyers and sellers face. This is why it is very important pricing a home. What good is it if the home is listed at a high price but does not appraise? Most homebuyers need to get a mortgage to purchase a home. The days of…
Apply Now This blog will cover and discuss qualifying for a VA loan after Chapter 7 versus Chapter 13 Bankruptcy. There are specific different agency guidelines for borrowers to qualify for a VA loan After Chapter 7 versus Chapter 13 Bankruptcy, Homebuyers can qualify for a VA loan after bankruptcy. HUD, the parent of FHA,…
In this blog, we will cover using Freddie Mac versus Fannie Mae AUS for home loans. Using Freddie Mac instead of Fannie Mae AUS is one of the options most loan officers do not use. There are two different types of automated underwriting systems (AUS). Fannie Mae Desktop Underwriter (DU) and Freddie Mac Loan Prospector…
Apply Now In this blog, we will cover the benefits and reasons for owning versus renting a home. One of the misconceptions renters have is you need a 20% down payment, closing costs, and good credit to qualify for a mortgage. This is not the case. VA and USDA offer no down payment on a…
In this blog, we will be covering what is a 2-1 buydown mortgage. As the federal reserve continues to raise interest rates in an effort to slow down inflation, they have had a tremendous impact on the housing market. If you think back just a couple of years ago when the housing market was flourishing,…
This article covers conforming conventional (Fannie Mae and Freddie Mac) mortgages after bankruptcy. In general, the waiting period to qualify for a conventional mortgage after bankruptcy is longer than it is for an FHA home loan. If you have a bankruptcy in your recent past, then, an FHA or other government-backed mortgage is the right…
Apply Now Gustan Cho Associates Empowered By NEXA Mortgage, LLC is the nation’s fastest-growing and largest mortgage broker. Founded in August 2017 by Michael Kortas, CEO and President of NEXA Mortgage and AXEN Mortgage (Correspondent Division), NEXA Mortgage, LLC is licensed in 48 states including Washington DC, Puerto Rico, and the U.S. Virgin Islands. Largest…
In this blog, we will discuss and cover qualifying for a mortgage with buying a house with high student loan debts. Buying a house with high student loan debts is often a hurdle. This holds especially true for borrowers with advanced degrees and high student loan debts. With the exception of VA loans, lenders will…
Apply Now The news of Fannie Mae making rent count towards mortgage automated underwriting system approve/eligible findings is huge news. What this means is if a borrower gets a refer/eligible per automated underwriting system findings (AUS), having rental verification could mean the refer/eligible can turn to an approve/eligible per automated underwriting system findings. The automated…
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