HUD Credit Score Guidelines For FHA Loans
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HUD Credit Score Guidelines on FHA Loans

ByGustan Cho
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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…

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Adding Credit Tradelines To Qualify For Mortgage

ByGustan Cho
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In this blog, we will cover and discuss adding credit tradelines to qualify for mortgage by boosting credit scores. Many homebuyers go to their banks and other lenders to be told that they do not qualify for mortgage. This is  because they do not have three credit tradelines or their scores are not high enough…

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How To Raise Credit Scores To Qualify For Mortgage

ByAlex Carlcucci
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This guide covers how to raise credit scores to qualify for mortgage at the best rates. Many home buyers ask how to raise credit scores to qualify for mortgage? Borrowers need a specific minimum credit score to qualify for a mortgage. For example, the minimum credit score requirements to qualify for mortgage loan programs are…

Using Non-Traditional Credit Tradelines Versus Traditional
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Fastest and Easiest Way To Increase Credit Scores

ByAlex Carlcucci
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This guide covers the fastest and easiest way to increase credit scores to get the best mortgage rates. We get countless calls from our viewers at Gustan Cho Associates asking about the fastest and easiest way to increase credit scores. Credit scores fluctuate depending on the activity on consumer credit reports. The team at Gustan…

Credit Scores Increased During Underwriting Process
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Credit Scores Increased During Underwriting Process

ByGustan Cho
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In this article, we will cover credit scores increased during underwriting process. If credit scores increased during underwriting process, the borrowers could lock the loan with the higher credit score. One of the frequently asked questions at Gustan Cho Associates is will I get a lower rate if credit scores increased during underwriting process? Credit…

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Pricing Adjustments of Mortgage Rates With Low Credit Scores

ByGustan Cho
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This guide covers the loan-level pricing adjustments of mortgage rates with low credit scores. Borrowers will get higher mortgage rates with low credit scores. Lenders will hit borrowers with higher mortgage rates with low credit scores. There are no prior adjustments for prior bad credit, late payments, bankruptcy, or foreclosure. On government loans, credit scores…

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Credit Inquiries By Mortgage Lenders And Impact On Credit Scores

ByGustan Cho
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This BLOG On Credit Inquiries By Mortgage Lenders And Impact On Credit Scores Was Updated And PUBLISHED On February 21st, 2020 Consumer’s Credit Profile is private and not available to the public. There are federal laws regulating personal credit reports The Fair Credit Reporting Act (FCRA) is the federal government agency that monitors and regulates…

FHA Loans With Low Credit Scores
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FHA Loans With Low Credit Scores Mortgage Guidelines

ByAlex Carlcucci
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Apply Now This blog will cover qualifying for FHA loans with low credit scores and bad credit mortgage guidelines. FHA loans are this country’s most popular loan program and enable hard-working Americans eligible to be homeowners. The minimum down payment required is 3.5%. Home sellers can contribute up to 6% of homebuyers’ closing costs. A…

Credit Scores Used By Lenders To Qualify For Mortgage

Credit Scores Used By Lenders To Qualify For Mortgage

ByAlex Carlcucci
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This guide covers what credit scores used by lenders to qualify for mortgage loans. Let’s take a mortgage case scenario on what credit scores used by lenders to qualify for mortgage. Say Mr. and Mrs. Jones are married, and they are first-time home buyers. They need to qualify for a mortgage loan. They both have…

FICO Versus Vantage Score
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The Difference Between FICO Versus Vantage Score

ByGustan Cho
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This guide covers the difference between FICO versus Vantage Score. In personal finance, credit scores are crucial in determining your Eligibility for various financial products, including mortgages. Two names stand out regarding credit scoring models: FICO versus Vantage Score. These credit scoring systems play a crucial role in determining a person’s creditworthiness and are used…

Case Scenario fix the credit
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Monitoring Credit Report To Qualify For A Mortgage

ByGustan Cho
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This Article Is About Monitoring Credit Report To Qualify For A Mortgage  It’s up to you and it is your responsibility to have control of your financial future. The credit bureaus do make errors A lot of errors Remember that credit repair companies can do more damage than good Credit disputes are not allowed during…