Apply Now In this blog, we will cover choosing the right mortgage lender with no overlays on home loans with many mortgage loan options. Choosing the right mortgage lender is extremely important. There are thousands of mortgage lenders and which lender do you choose? Getting a referral from a close trusted friend can be on…
Apply Now In this blog, we will cover the difference between FHA guidelines versus lender overlays on FHA loans. All mortgage lenders need to follow HUD guidelines if they want the loans they originate and fund insured by the Federal Housing Administration. HUD, the parent of FHA, insures lenders against the borrower defaulting on their…
In this article, we will discuss and cover Qualifying For Home Loan After Bankruptcy And Housing Event. The journey to homeownership can be challenging, especially after experiencing a financial setback like bankruptcy or a significant housing event such as foreclosure or a short sale. However, it is important to know that all is not lost….
This Article Is About Verifications Required By Lenders During The Mortgage Process There are multiple verifications required by lenders during the mortgage application and approval process. With all the mortgage guidelines put in place after the real estate crash of 2008, mortgage lenders must complete numerous verifications to approve a borrower for a mortgage loan….
This guide covers lender overlays on credit scores on government and conventional loans. We will discuss and explain mortgage lender overlays on credit scores. A frequently asked question at Gustan Cho Associates is what are lender overlays on credit scores. Mortgage Lender Overlays are requirements that are implemented by individual lenders that are in addition…
This BLOG On Investor Lender Overlays And How It Prevents Getting Mortgage Approval Was UPDATED On April 26th, 2019 Home buyers need to qualify for a mortgage before they can go shop for a home. Almost all realtors will require a pre-approval before showing a home buyer a home Some realtors will even go to…
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…
BREAKING NEWS: Mortgage Rates Are Increasing As Lenders Try To Manage Volume The coronavirus outbreak is officially a global pandemic The World Health Organization (WHO) has declared the coronavirus outbreak officially a global pandemic on Wednesday, March 11th, 2020 The virus has shaken the U.S. equities markets and shaken up the U.S. economy since it…
This Article Is About Florida Mortgage Lenders With No Investor Overlays Was Written By Alex Carlucci of Gustan Cho Associates News Are you a home buyer who have been denied by multiple mortgage lenders and were told that you do not qualify for a FHA Loan because of overlays? Have you done research and know…
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