Mortgage Credit Scores: What Do Lenders Use to Qualify Borrowers in 2024? If you’re considering buying a home or refinancing, you’ve probably heard much about credit scores. But what exactly are mortgage credit scores, and how do they affect your ability to get approved for a loan? In this blog post, we’ll cover everything you…
If you’ve had a timeshare foreclosure, don’t worry—you can still buy a home without a long waiting period. Most people think a timeshare foreclosure is just like a mortgage foreclosure, but that’s not true. In this post, we’ll explain how a timeshare foreclosure differs and why you may not need to wait years to get…
Are you dreaming of owning a home that needs some TLC? Or you’re a homeowner looking to renovate and make your house your dream home. Consider the FHA 203k Mortgage Loan program as a potential option. With this loan, you can fund the purchase (or refinance) and the remodeling of a home using a single…
If you’ve had late payments in the past year, you may be wondering if you can still qualify for an FHA loan. The good news is that, with the right lender and guidance, you can. At Non-QM Mortgage Lenders, we specialize in helping borrowers who other lenders have turned away. We don’t have overlays, which…
Can You Get a Mortgage with Late Payments? Here’s How to Make It Happen in 2024 One of the most significant financial actions you’ll ever make is purchasing or refinancing a home. But what if you’ve had late payments in the past? Can you still qualify for a mortgage with late payments on your credit…
This guide covers FHA approved condos and HUD condo guidelines. Condominiums are becoming more popular for first-time homebuyers, seniors, millennials, and those who are hardly at home. FHA loans are the most popular home mortgage program in the United States. However, until recently, condo buyers could only purchase FHA approved condos. HUD re-launched FHA spot…
This Article Is About Preparing For An FHA Loan With A Lender With No Overlays The COVID-19 coronavirus pandemic has sent many families out of major cities. Thousands of Americans fear living in a major city, accompanied by historically low-interest rates, has sparked a homebuying uptick. Many families may have less than perfect credit but…
In this blog, we will discuss and cover the updated HUD guidelines on FHA home loans for 2022. FHA loans are the most popular home loan programs in the United States for homebuyers with lower credit scores and bad credit. Homebuyers with credit scores down to 580 FICO are eligible to qualify for FHA loans…
In this blog, we will cover and discuss how to get mortgage approval with under 600 credit scores in 2022 and which mortgage options is best. Many homebuyers do their due diligence on FHA Guidelines On Credit Scores and find out HUD has the easiest lenient guidelines for mortgage approval with under 600 credit scores….
This guide covers the frequently asked question: do all lenders have the same guidelines on mortgage loans? The team at Gustan Cho Associates gets countless calls from our viewers on the topic of do all lenders have the same guidelines on mortgage loans: The answer is no. Not all lenders have the same credit score…
In this blog, we will discuss and cover multi-unit homes guidelines on two to four-unit homes. Multi-unit homes are two to four-unit residential homes. Home Buyers can purchase any properties between one to four units as owner occupant properties with FHA, VA, USDA, and Conventional Loans. Owner-occupied multi-unit homes are where the owner lives in…
This guide covers mortgage refinance guidelines. We will also cover homeowners’ top reasons and benefits for refinancing their mortgage loans. There are other reasons why homeowners need refinancing on their current mortgage loan besides just refinancing. Per mortgage refinance guidelines, homeowners may refinance to have a lower interest rate and save money. Although the main…
This guide covers whether can you get a new mortgage while selling your house. Many homebuyers who plan on upgrading or downsizing to a new home often ask if can you get a new mortgage while selling your house. YES, you can get a new mortgage while selling your house. With proper planning and teamwork,…
This guide will cover the types of mortgage options for homebuyers. Taking out a loan can be daunting, especially if you need to learn about mortgages. Wendy Lahn, a dually licensed real estate agent, and loan officer, shared the following: For starters, you should know that not all loans are the same, with the main…
This guide will cover how down payment assistance works for homebuyers. Homeownership is a dream for many Americans, but the reality is that saving for a down payment, which is crucial if you are to secure a mortgage, can be daunting. With home prices rising and wages often needing to catch up, saving tens of…