Get a Fast Quote: Click Here This article will cover frequently asked questions about first-time homebuyers FAQs with low credit scores. We will discuss common FAQs from first-time home buyers with low credit scores on home purchases. Dino Hasapis is one of the top real estate agents in the state of Illinois. Dino is one…
In this blog, we will cover why mortgage underwriters ask for letter of explanations. Letter of explanations is part of the mortgage process. Anyone who has been through the mortgage process will have experienced multiple requests for letter of explanations during the mortgage process. Letter of explanations do not have to be lengthy. It just…
This blog will discuss VA loan with high DTI mortgage guidelines for 2023. You can qualify for a VA loan with bad credit with a lender with no lender overlays. VA loans are the best home mortgage program in the nation. Lenders can offer 100% financing with no down payment required at lower mortgage rates…
This blog will cover and discuss getting mortgage approval with late payments in the past 12 months. Getting A Mortgage Approval With Late Payments in the past 12 months is possible as long as the borrower can get approve/eligible per an automated underwriting system (AUS). You can have prior bad credit, unpaid collections and charge-off…
This blog will cover and discuss non-doc home loans on primary residential homes. No-Doc Home Loans was the most popular loan program before the 2008 financial crisis. Self-employed borrowers who do not meet the qualified income guidelines on traditional mortgage loan programs can now qualify for non-doc home loans at Gustan Cho Associates. No-doc home…
Apply Now This article will cover mortgage overlays on FHA, VA, and conventional loans. The two most common home mortgage programs are government and conventional loans. Lenders must ensure borrowers meet the minimum agency mortgage guidelines of FHA, VA, USDA, Fannie Mae, and Freddie Mac. Borrowers should understand the mortgage overlays on FHA, VA, and…
This blog will cover HUD charge-off account guidelines on FHA loans. I get this question asked several times a day: Why do I have to pay a charge-off to qualify for an FHA loan? Many home buyers who call me every day are told that they are told to pay off all of their charged-off…
Apply Now In this guide, we will cover the high-cost mortgage for a homebuyer when it comes to getting a mortgage loan. High-Cost Mortgage is part of mortgage regulations. Lenders who violate High-Cost Mortgage rules can get fined and sometimes even get their mortgage licenses revoked. Mortgage regulators implemented and launched high-cost mortgage rules and…
Apply Now This article will cover how to get a mortgage when relocating with a new career. I will discuss moving from New York to Nevada and starting a new job in a different industry. Do you have what it takes to make the decision that changes your life? Nobody truly knows until it is…
Get a Fast Quote: Click Here Buying your first home in Nebraska with bad credit. Many of us may consider success in life in various ways. For some, it is about making it in your career, while for others, it’s about having a great family full of love. But we can all agree that if…
This article will cover how to get a mortgage in Idaho buying your first house in Idaho. Idaho, also known as the Gem State, continues to increase in population as more people keep moving to the state because of its beautiful scenery, mild climate, and low cost of living. You don’t want to be…
This guide covers the mortgage guidelines for buying home from family members. Gustan Cho Associates get many calls from home buyers about buying home from family members. There are many benefits to buying home From Family Members. Many home buyers often want to purchase a home from their parents. They were often raised in the…
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