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…
Apply Now Gustan Cho Associates offers TBD mortgage underwriting pre-approvals for homebuyers with less-than-perfect credit. TBD stands for To Be Determined. A TBD Underwriting is when a mortgage loan application is processed and submitted to underwriting without a subject property. “To-Be-Determined” (TBD) underwriting or what Gustan Cho Associates calls Fast-Track Pre-Approval Loan Commitment Mortgage Process,…
VA loan limits for most counties in the United States were tied to the conforming loan limits set by the Federal Housing Finance Agency (FHFA). The FHFA announced that the conforming loan limit for most of the country would be $726,200 for a single-family home. However, there were higher limits for certain high-cost areas. These…
In this blog post, we’ll explore the process of achieving a clear-to-close mortgage and the timeline from the initial loan application to this critical stage. But what exactly does “clear-to-close” mean in the mortgage realm? A clear-to-close mortgage (CTC) represents the culmination of the mortgage process. It’s the point at which the mortgage lender has…
This guide covers SBA loans for small business owners. The U.S. Small Business Administration (SBA) is one of the most popular and leading sources for small business loans. The United States Small Business Administration, or SBA, is similar to what the Federal Housing Administration is to home buyers when applying for FHA loans. The Small…
In this blog will discuss qualifying for an FHA loan with bad credit. FHA loans are the most popular mortgage loan program for borrowers with bad credit, first-time homebuyers with no credit, borrowers with high debt-to-income ratio, recent college graduates, and borrowers with low credit scores. This article will cover qualifying for FHA loans with…
If you’ve ever dreamt of owning a piece of paradise in the Caribbean, Puerto Rico may be your perfect destination. Buying a house in Puerto Rico is an attractive proposition with its stunning beaches, rich cultural heritage, and thriving real estate market. It is becoming increasingly popular among Americans in the mainland United States. Many…
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…
This article will cover getting approved for a mortgage after timeshare foreclosure with no waiting period requirements. A timeshare foreclosure is not a real estate foreclosure. Timeshare loans are classified as installment loans and NOT real estate loans. Therefore, there are no waiting period requirements after a timeshare foreclosure. Here are the points we will…
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…
In this blog, we will cover working two full-time jobs to qualify for mortgage. The 2008 Real Estate And Financial Meltdown affected millions of hard-working Americans. Countless self-employed business owners were forced to shut down the businesses they had had for many years. Millions of hard-working Americans have lost the jobs and careers they have…
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