Re-Establishing Credit After Bankruptcy For Mortgage
Potential homebuyers should start re-establishing credit after bankruptcy to qualify for a mortgage as soon as possible after the Chapter 7 bankruptcy discharge date. Homebuyers…
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Buying A House With A FHA 203k Loan Explained
In this guide to buying a house with a FHA 203k loan, we will go over what the FHA 203k loan is and how it…
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FHA Guidelines on Non-Occupant Co-Borrowers
FHA Guidelines On Non-Occupant Co-Borrowers allow family members to be on a home buyer FHA loan for income qualification. There can be more than one…
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Transferring Lenders During The Mortgage Process
This guide covers transferring lenders during the homebuying and mortgage process from one lender to a different one. The mortgage process should not be stressful….
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Can Realtors Become MLO at the Same Time?
One of the frequently asked questions at Gustan Cho Associates is can realtors become MLO at the same time? Real estate and mortgage lending are two…
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Compensating Factors For Manual Underwriting
In this blog, we will cover what mortgage lenders consider compensating factors for manual underwriting on FHA and VA loans. FHA and VA loans are…
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Can You Buy House With Credit Card Debt With High DTI
A frequently asked question at Gustan Cho Associates is can you buy house with credit card debt but pay off the credit card once the…
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Can a 500 Credit Score Get a VA Home Loan?
In this blog, we will be covering a common frequently asked question: can a 500 credit score get a VA home loan? The team at…
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How The Mortgage Process Work
In this guide on how the mortgage process work, we will cover the steps of the mortgage from the mortgage loan application to closing on…
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Get a VA Loan With a Credit Score Under 600 FICO
In this blog, we will cover how to get a VA loan with a credit score under 600 FICO. Many borrowers often get denied by…
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Closing Disclosure
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…
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Refer Eligible Versus Approve Eligible In AUS Findings
What happens if you get a refer eligible versus approve eligible in the automated underwriting system? A refer eligible versus approve eligible means the automated…
