Apply Now In this blog, we will cover choosing the right mortgage lender with no overlays on home loans with many mortgage loan options. Choosing the right mortgage lender is extremely important. There are thousands of mortgage lenders and which lender do you choose? Getting a referral from a close trusted friend can be on…
In this blog, we will discuss and cover the minimum FHA credit requirements per HUD guidelines to get approve/eligible per the automated underwriting system (AUS). FHA loans are the most popular mortgage loan option for first-time homebuyers with little to no credit tradelines, borrowers with low credit scores, high debt-to-income ratios, and borrowers with…
This article will cover the difference between mortgage brokers and lenders. Should I use mortgage brokers versus lenders to get the best rates and terms when buying a house? Dale Elenteny of Gustan Cho Associates suggests the pros and cons of using mortgage brokers versus lenders and will answer the frequently asked question about the…
This article will discuss the steps of getting approved for a home loan with late payments after bankruptcy. Qualifying for a Home Loan With Late Payments After Bankruptcy will be difficult for many lenders. Gustan Cho Associates has helped countless folks with late payments after bankruptcy qualify for mortgage loans. The impact of the 2008…
This guide covers derogatory credit mortgage guidelines on home loans. Over the years we have received thousands of phone calls, emails, and text messages about derogatory credit. The team at Gustan Cho Associates are experts in helping people qualify for a mortgage with credit scores down to 500 FICO. In this blog, we will detail…
In this guide, we will cover getting a mortgage in the Virgin Islands for a home purchase with a U.S.-based mortgage lender. In recent years, the Virgin Islands have seen an unprecedented boom in tourism. The growth of new people and businesses moving to the Virgin Islands has been explosive. More and more real…
This guide will cover getting approved for a VA loan with recent late payments. The Veterans Administration has helped thousands of veterans and service members buy or refinance homes with VA loans. VA loan is a mortgage program that benefits eligible borrowers greatly, such as no down payment required on a home purchase. Ronda Butts,…
One of the most FAQs we get daily at Gustan Cho Associates is can homebuyers get 500 to 620 FICO home mortgage loans with bad credit? A large percentage of our clients at Gustan Cho Associates are homebuyers with bad credit that need 500 to 620 FICO home mortgage loans with bad credit. Over 75%…
In this blog, we will cover and discuss choosing a lender with no lender overlays when denied for a mortgage. Not all mortgage lenders are created equally. Just because home buyers need to qualify for FHA, VA, USDA, or Conventional Loans does not mean they can qualify with all mortgage lenders. Understanding Lender Overlays Lender…
In this blog, we will cover and discuss mortgage loans for recent college graduates. If you have recently graduated from college and have no employment history, you might assume that you are unable to secure a home mortgage loan. This may have been true in the past. Student debt and lack of work history was…
This guide covers lender overlays on credit scores on government and conventional loans. We will discuss and explain mortgage lender overlays on credit scores. A frequently asked question at Gustan Cho Associates is what are lender overlays on credit scores. Mortgage Lender Overlays are requirements that are implemented by individual lenders that are in addition…
In this blog will discuss qualifying for an FHA loan with bad credit. FHA loans are the most popular mortgage loan program for borrowers with bad credit, first-time homebuyers with no credit, borrowers with high debt-to-income ratio, recent college graduates, and borrowers with low credit scores. This article will cover qualifying for FHA loans with…
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