This Article Is About Non-QM loans for Self-Employed Mortgage Borrower Guidelines. Non-QM loans for self-employed mortgage loans are now available. Self-employed borrowers had a difficult time qualifying for home loans. This is due to the write-offs they can utilize as self-employed borrowers. Lenders go by adjusted gross income after all unreimbursed expense deductions. This…
In this blog, we will cover why mortgage underwriters ask for letter of explanations. Letter of explanations is part of the mortgage process. Anyone who has been through the mortgage process will have experienced multiple requests for letter of explanations during the mortgage process. Letter of explanations do not have to be lengthy. It just…
This blog will discuss VA loan with high DTI mortgage guidelines for 2023. You can qualify for a VA loan with bad credit with a lender with no lender overlays. VA loans are the best home mortgage program in the nation. Lenders can offer 100% financing with no down payment required at lower mortgage rates…
This blog will cover and discuss non-doc home loans on primary residential homes. No-Doc Home Loans was the most popular loan program before the 2008 financial crisis. Self-employed borrowers who do not meet the qualified income guidelines on traditional mortgage loan programs can now qualify for non-doc home loans at Gustan Cho Associates. No-doc home…
This blog will cover HUD charge-off account guidelines on FHA loans. I get this question asked several times a day: Why do I have to pay a charge-off to qualify for an FHA loan? Many home buyers who call me every day are told that they are told to pay off all of their charged-off…
Apply Now This article will cover how to get a mortgage when relocating with a new career. I will discuss moving from New York to Nevada and starting a new job in a different industry. Do you have what it takes to make the decision that changes your life? Nobody truly knows until it is…
Get a Fast Quote: Click Here Buying your first home in Nebraska with bad credit. Many of us may consider success in life in various ways. For some, it is about making it in your career, while for others, it’s about having a great family full of love. But we can all agree that if…
This article will cover how to get a mortgage in Idaho buying your first house in Idaho. Idaho, also known as the Gem State, continues to increase in population as more people keep moving to the state because of its beautiful scenery, mild climate, and low cost of living. You don’t want to be…
This guide covers the mortgage guidelines for buying home from family members. Gustan Cho Associates get many calls from home buyers about buying home from family members. There are many benefits to buying home From Family Members. Many home buyers often want to purchase a home from their parents. They were often raised in the…
Apply Now In this article, we will be covering qualifying for a mortgage with high debt-to-income ratio. Debt-to-income ratios is probably the most important factor when it comes to qualifying for a mortgage loan. Qualifying for mortgage with high debt-to-income ratio can become an issue no matter which mortgage loan program borrowers choose. The debt-to-income…
Get a Fast Quote: Click Here In this article, we will cover the USDA mortgage requirements and guidelines on home purchases. USDA loans are a very common and sought-after home loan program offered by private lenders and banks and insured by the U.S. Department of Agriculture Rural Development for rural and suburban areas throughout the…
In this article, we will cover the difference between Conventional versus FHA loan guidelines. We will discuss the differences between Conventional versus FHA loan for borrowers. Borrowers may benefit from one loan program over the other. Each case will need to be evaluated on an individual case-by-case basis. There have been changes with Conventional versus…
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