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…
What Are Private Mortgage Insurance Guidelines On Conventional Loans And How Does It Work: Gustan Cho Associates offer a wide range of mortgage products, We have some of the most competitive conventional mortgages on the market, We also have access to Fannie Mae and Freddie Mac specialty products such as HomeOne, HomeStyle, and HomePossible, Most Americans…
Apply Now In this article, we will discuss and cover home buyer tips on qualifying for a mortgage loan. Whether you are living with family or renting, the housing situation is not permanent until you own your own home. Nothing is wrong with living rent-free with family or friends or renting an apartment or home….
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 FHA home loan guidelines on purchase and refinance transactions. We will discuss whether you qualify for FHA loan and meet FHA home loan guidelines. Homebuyers presently renting a home or apartment and thought to apply and qualify for a home loan and see if you meet the qualification requirements,…
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 comparison of FHA versus conventional mortgages on purchase and refinance transactions. Prior to home buyers starting the home buying process, it is highly recommended that they educate themselves on the type of loan program that is best for them. Benefits of FHA Versus Conventional Mortgages For…
In this article, we will cover the benefits of hiring realtor when buying or selling a home. Many buyers and sellers are under the impression that whatever a real estate agent does that they can do it themselves. This holds especially true for home sellers. It is the home sellers that need to pay the…
Apply Now Many borrowers often ask the question what are compensating factors? Lenders are not required to originate and fund mortgage loans. Just because there are home loans that are insured by the government such as FHA, VA, and USDA Loans, It is not a requirement for lenders to follow the minimum government lending guidelines….
Apply Now In this article, we will cover and discuss VA credit score guidelines on home purchase and refinance VA home loans. Gustan Cho Associates gets countless calls daily from borrowers who often are confused with VA Credit Score Guidelines. They contact us after being told by other lenders that they do not qualify for…
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