This article will cover qualifying for a home loan with overtime income and other income. Homebuyers can qualify for a home loan with overtime income and other non-traditional income if certain conditions are met. Borrowers can qualify for a mortgage with overtime income and other income. However, lenders want a two-year history of borrowers making…
In this blog, we need to cover and discuss homebuyer down payment assistance and grant programs for first-time homebuyers. Homebuyer Down Payment Assistance And Grant Programs have been very popular prior to the coronavirus pandemic. However, many DPA and Grant mortgage programs have been suspended until further notice during the pandemic. Homebuyer Down Payment Assistance…
This BLOG On HARP 2 Refinance For Homeowners With Underwater Mortgages Was Updated On November 18th, 2018 The 2008 Real Estate and Mortgage Meltdown has devastated the real estate market. It left millions of homeowners with mortgage balances higher than the value of their homes. This meltdown of real estate values has devastated millions of American…
This guide covers HUD credit score guidelines on FHA loans. HUD, the parent of FHA, is the government agency that sets the minimum HUD credit score guidelines for FHA loans and other updated HUD guidelines. Many of our viewers today are reading this blog because they are getting conflicting reports on the HUD credit score…
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…
Many new high debt-to-income ratio mortgage loans have been recently launched and introduced to the market. No-doc loans, DSCR mortgages, profit and loss statement-only mortgage loans, bank statement mortgages, and asset-depletion loans are some non-QM loan programs that do not require income docs and are based on other income/asset factors. Many borrowers think they will…
Apply Now In this guide on HUD 4000.1 FHA Handbook Guidelines on FHA loans, we will cover the main bullet points on HUD agency mortgage guidelines and whether or not you meet the minimum guidelines from HUD to qualify for an FHA loan. We will discuss what you need to know about HUD 4000.1 FHA…
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…
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,…
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…
In this article, we will cover and discuss qualifying for home loan with tax lien and judgments. Qualifying for home loan with tax lien is possible but the tax lien issue needs to be resolved. If you owe the Internal Revenue Service money, it is highly recommended that you contact them and arrange a written…
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