Qualifying For Home Loan After Bankruptcy And Housing Event
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Qualifying For Home Loan After Bankruptcy And Housing Event

ByGustan Cho
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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….

Fannie Mae Guidelines on Mortgage Included in Bankruptcy
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Fannie Mae Guidelines on Mortgage Included in Bankruptcy

ByGustan Cho
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In this article, we will cover Fannie Mae guidelines on mortgage included in Bankruptcy. We will discuss what having a prior mortgage included in bankruptcy means for the waiting period requirements to qualify for a conventional loan. What is the waiting period start date? Is it the date of the housing event or the discharge…

Mortgage After Filing Chapter 13 Bankruptcy

Mortgage After Filing Chapter 13 Bankruptcy

ByGustan Cho
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One of the frequently asked questions is can I qualify for a mortgage after filing Chapter 13 Bankruptcy without being discharged? A Chapter 13 Bankruptcy is normally a five-year debt restructuring plan under the direction of the U.S. Bankruptcy Courts. This is a long period of time to wait to purchase a house during a…

FHA Loans After Chapter 13 Bankruptcy Guidelines

FHA Loans After Chapter 13 Bankruptcy Guidelines

ByGustan Cho
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Emerging from Chapter 13 bankruptcy can be a challenging but transformative journey. Federal Housing Administration (FHA) loans provide a viable path forward for individuals eager to embark on homeownership. This comprehensive guide will delve into the FHA guidelines for obtaining a home loan after Chapter 13 bankruptcy, exploring the eligibility criteria, waiting periods, and steps…

FHA Loan After Foreclosure Waiting Period Requirements
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FHA Loan After Foreclosure Waiting Period Requirements

ByMargarett Jurilla
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In this article, we will be covering qualifying for an FHA loan after foreclosure waiting period requirements. HUD, the parent of FHA, has mandatory waiting period requirements after a housing event. A housing event is a foreclosure, a deed in lieu of foreclosure, or a short sale. We will also cover other mortgage loan options…

Can I Do a Cash-Out Refinance In Chapter 13 Bankruptcy?
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Can I Do a Cash-Out Refinance In Chapter 13 Bankruptcy?

ByGustan Cho
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Homeowners with equity in their homes can do a cash-out refinance in Chapter 13 Bankruptcy repayment plan to buy out Chapter 13. Home prices have skyrocketed in the past four years. Home prices have gone up 43% nationwide. The coronavirus outbreak in 2020 did not make a dent in the housing market. While the housing…

Guidelines And Tips On Qualifying For Mortgage After Short Sale
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Guidelines And Tips On Qualifying For Mortgage After Short Sale

ByGustan Cho
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This Article On Guidelines And Tips On Qualifying For Mortgage After Short Sale Qualifying For Mortgage After Short Sale requires mandatory waiting period after short sale on government and conventional loans. Gustan Cho Associates has non-qm loans where there is no waiting period to qualify for mortgage after short sale. A short sale is when a…

Re-Establishing Credit After Bankruptcy For Mortgage

Re-Establishing Credit After Bankruptcy For Mortgage

ByGustan Cho
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Potential homebuyers should start re-establishing credit after bankruptcy to qualify for a mortgage as soon as possible after the Chapter 7 bankruptcy discharge date. Homebuyers on the Chapter 13 Bankruptcy repayment plan should start re-building credit as soon as they file Chapter 13 bankruptcy. Those who filed for Chapter 13 Bankruptcy need to religiously make…

Mortgage Guidelines With a Prior Home Loan In Bankruptcy
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Mortgage Guidelines With a Prior Home Loan In Bankruptcy

ByGustan Cho
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In this blog, we will cover the mortgage guidelines with a prior home loan in bankruptcy. There are instances when people file bankruptcy but include their current home loan in bankruptcy. A frequently asked question is when does the waiting period start if you have a prior home loan in bankruptcy? Is it the discharged…

Buying a House in Alaska With Bad Credit and Low FICO Scores
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Buying a House in Alaska With Bad Credit and Low FICO Scores

ByGustan Cho
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This article will cover buying a house in Alaska with bad credit and low FICO credit scores. Are you looking to buy property in one of the most stunning landscapes with open wilderness in the United States and don’t mind the cold weather? If so, you should check out Alaska! Here is the thing, not…

No Waiting Period After Foreclosure With NON-QM Loans
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No Waiting Period After Foreclosure With NON-QM Loans

ByGustan Cho
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  This blog will cover no waiting period after foreclosure with non-QM loans. Prior homeowners who went through a foreclosure, a deed-in-lieu of foreclosure, or a short sale can have a second chance to realize the American Dream of Home Ownership become a reality through non-QM loans. Non-QM loans are alternative financing mortgage options for…

FHA Versus NON-QM Loans
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FHA Versus NON-QM Loans

ByAlex Carlcucci
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This guide covers qualifying for FHA versus non-QM loans. In the following paragraphs, we will cover qualifying and getting approved for FHA versus NON-QM loans.  The first batch of closings on FHA back-to-work extenuating circumstances loans was launched in the first week of December 2014. HUD’s FHA Back to Work extenuating circumstance due to an…