If you’re a veteran or active-duty service member with a low credit score, you may be wondering if you can still buy a home. The good news is VA loans with low credit scores are not only possible they’re one of the most flexible mortgage options available in 2025. This updated guide breaks down everything…
This guide covers conforming versus FHA mortgage guidelines and benefits. Sometimes, borrowers need to choose between conforming and FHA mortgage loans. Here are instances where home buyers must choose a conforming versus FHA mortgage: Higher conventional loan limit of $805,600. Conventional loans do not count the non-borrowing spouse’s debt in community property states. FHA loans…
Automated Underwriting System Approval: Your Fast Track to a Home Loan in 2024 The automated underwriting system approval is a valuable asset that can bring you one step closer to owning your ideal home or refinancing your existing one. Whether buying a new house or looking to lower your mortgage payments, understanding how AUS works…
What You Need to Know About the Down Payment Requirement in 2024: Your Complete Guide to Home Buying Success Buying a home is one of the biggest milestones in life, but let’s face it—coming up with a down payment can feel like a huge hurdle. Whether you’re a first-time homebuyer or looking to upgrade, saving…
Gift of Equity Mortgage Guidelines: Buying a Home from Family in 2024 If you’re considering buying a home from a family member, the gift of equity mortgage might be the perfect way to make it happen without needing a big down payment. It’s a great option for those looking to keep homeownership in the family…
Can I Qualify for VA Loan with High DTI in 2024? Are you a military member interested in finding out if you are still eligible for a VA loan even if you have a high debt-to-income ratio (DTI)? You’re not alone—this is one of the most frequently asked questions we get from veteran borrowers. The…
Student Loan Debt Mortgage Guidelines: Your Path to Homeownership in 2024 Purchasing a house is one of the most significant choices in life. But if you have student loans, you might wonder if your dream of owning a home is within reach. You’re not alone. Many potential homebuyers worry that their student loan debt will…
Conventional Versus FHA Loans: Which Is Best for You in 2024? When purchasing a house, selecting the appropriate mortgage is a significant choice. The two most popular mortgage options are conventional loans and FHA loans. If you’re a first-time homebuyer or trying to figure out the best way to finance a new home, you’re probably…
How Can Secured Credit Cards Help You Rebuild Credit and Qualify for a Mortgage in 2024? If you dream of buying a home, you might wonder how to boost your credit to qualify for a mortgage. Good news—rebuilding credit isn’t as hard as you think, and secured credit cards are a powerful tool to get…
In this blog, we will cover and discuss manufactured homes lending guidelines on purchases. Not too many lenders offer Manufactured Homes Lending. As time pass, manufactured home builders are coming up with creating great looking, and functional manufactured homes. You cannot tell the difference between a stick-built home and modern manufactured homes. Double Wide Manufactured…
In this blog, we will cover and discuss FHA 203k mortgage process and eligibility requirements. The team at Gustan Cho Associates are experts in originating and funding FHA 203k loans. FHA 203k loans allows home buyers to purchase fixer-uppers and will lend on the acquisition and renovation all in one loan program. Home buyers need…
In this blog, we will cover and discuss refinance after FHA 203k loan to lower rate mortgage. HUD, the parent of FHA, offers the FHA 203k loan programs which are acquisition and construction loans all in one closing and one loan. The greatest benefit of an FHA 203k loan is that, unlike other construction mortgage…
This guide covers how to apply for SBA loans. Gustan Cho Associates is a one-stop lending shop where viewers can get the latest mortgage and real estate news on commercial, business, and residential lending and real estate market forecasts—all types of residential lending with no overlays on government and conventional loans. NON-QM Loans where homebuyers can…
This Article Is About Step By Step House Shopping Process And Qualifying For Mortgage After a home buyer has gone through a solid pre-approval mortgage process it is now to look for a home. Not just window shopping but the real deal. It is time to hire a real estate agent and go shopping for…
This BLOG On Buying Foreclosures And Fixer Uppers With FHA 203k Loans Was UPDATED On May 1st, 2019 Many home buyers believe that buying foreclosures are a bargain. Some buyers just look at properties that foreclosed. This may be the case but not always so. Home Buyers of fixer uppers and foreclosure can now make their dream of…
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