HUD Chapter 13 Guidelines With Late Payments
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HUD Chapter 13 Guidelines With Late Payments on FHA Loans

ByMichael Gracz
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This guide will cover the HUD Chapter 13 Guidelines with late payments on FHA loans. We will discuss qualifying for FHA loans during Chapter 13 Bankruptcy and whether you will be eligible for late payments.  Gustan Cho Associates are mortgage experts when it comes to guidelines surrounding bankruptcies. We offer all Conventional, FHA, and VA…

VA Collections Mortgage Guidelines
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VA Collections Mortgage Guidelines on VA Home Loans

ByMichael Gracz
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Apply Now In this blog, we will discuss and cover VA collections mortgage guidelines. We will discuss how you can qualify for VA loans without paying outstanding collection accounts. The Department of Veterans Affairs has recently updated the VA collections mortgage guidelines on VA home loans. Gustan Cho Associates specializes in VA mortgages. VA guidelines…

VA DTI Mortgage Guidelines
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VA DTI Mortgage Guidelines on VA Home Loans

ByMichael Gracz
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Apply Now In this blog, we will discuss and cover VA DTI mortgage Guidelines. VA DTI mortgage guidelines state there is no maximum debt-to-income ratio cap on VA loans with an approve/eligible per automated underwriting system (AUS). You should get an approve/eligible per automated underwriting system as long you have strong residual income.   You…

Debt-Service Coverage Ratio Mortgage Loans

Debt-Service Coverage Ratio Mortgage Loans

ByMichael Gracz
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This blog will cover and discuss debt-service coverage ratio mortgage loans for real estate investors. We will take a step further and cover one of our new debt-service coverage ratio mortgage loans just launched, where borrowers do not have to own a primary owner-occupant property to qualify for debt-service coverage ratio mortgage loans at Gustan…

90 LTV Jumbo Loans
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90 LTV Jumbo Loans With No Mortgage Insurance

ByMichael Gracz
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In this blog, we will be covering and discussing the 90 LTV Jumbo Loans. The 90 LTV Jumbo Loans stands for a 90% loan-to-value jumbo mortgage loan program. One 10% down payment is required on the 90 LTV Jumbo Loans with no private mortgage insurance required. Real estate prices have been increasing since 2010. Despite…

Foreign National and ITIN Mortgage Loans

Foreign National and ITIN Mortgage Loans

ByMichael Gracz
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This article aims to thoroughly understand both Foreign National and ITIN mortgage loans, outlining their requirements, benefits, and key considerations. Navigating the U.S. real estate market as a non-resident can take time and effort, especially when securing financing. Foreign nationals and individuals with Individual Taxpayer Identification Numbers (ITINs) often face unique challenges when seeking mortgage…

HA Manual Underwriting Mortgage
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Extenuating Circumstances Guidelines On Home Loans

ByMichael Gracz
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In this blog, we will cover and discuss extenuating circumstances guidelines on home loans. When you read the agency guidelines, there is a lot of text about extenuating circumstances. However, the agency guidelines are not specific what exactly classifies for an extenuating circumstance. The team at Gustan Cho Associates gets countless calls and email inquiries…

Tax Benefits of Owning Versus Renting a Home

Home Mortgage Credit Score Requirements And Guidelines

ByMichael Gracz
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This Article Is About Home Mortgage Credit Score Requirements And Guidelines If you are contemplating applying for a mortgage, there are some basic qualifications you need to be aware of. One of the main driving factors of mortgage qualifications is your credit score. A credit score is easy to damage and difficult to fix. In…

The Buyers Market Versus The Sellers Market
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The Buyers Market Versus The Sellers Market in Real Estate

ByMichael Gracz
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In this blog, we will cover and discuss the meaning of the buyers market versus the sellers market in real estate. The team at Gustan Cho Associates has been following the housing market for over a decade, and we are in some unprecedented times. In this blog, we will give our readers an update on…

Closing Disclosure

Closing Disclosure

ByMichael Gracz
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One critical document in buying or selling a home is the Closing Disclosure (CD). The CD is a vital piece of paperwork that outlines the specifics of your mortgage arrangement, providing transparency and clarity to ensure a smooth closing process. In this comprehensive guide, we’ll delve into the intricacies of the Closing Disclosure, exploring its…

Mortgage With Collection Accounts

Mortgage With Collection Accounts Lending Guidelines

ByMichael Gracz
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In this article, we will cover and discuss qualifying for a mortgage with collection accounts. If you are a longtime reader of Gustan Cho Associates Inc, you are more than likely familiar with collection accounts. In this blog, we will detail how a collection account will affect your mortgage qualifications. We will also discuss how…