Is buying a house with bad credit possible or do I need to wait until I have re-established my credit? 2022 is almost over and 2023 is right around the corner. Many homebuyers feel they will not qualify for a mortgage with bad credit. This may be true, however, everyone with a mindset and goal…
This Article Is About Mortgage Qualification Requirements For Home Loan Programs There are government and conventional loans. There are also non-QM and alternative financing loan programs. Every loan program has its own lending requirements. If a borrower cannot qualify for a government and/or conventional loan because of a recent bankruptcy, Gustan Cho Associates has non-QM…
This ARTICLE Is About Builders Steering Home Buyers To Preferred Lenders Using Gustan Cho Associates over a preferred lender: Gustan Cho Associates are highly interested in earning your business with competitive interest rates and outstanding customer service. Your realtor may be reluctant to use their preferred lender. Or if you are in the process of…
This Article Is About IHDA Student Loan Mortgage DPA Homebuyer Program Gustan Cho Associates is excited to update our readers on down payment assistance programs available through the state of Illinois. This blog details some new changes for the year 2021 with the IHDA program offered throughout the state of Illinois. Down payment assistance programs…
This BLOG On Buying Home Without Spouse On The Home Mortgage Was PUBLISHED On June 27th, 2020 Married couples do not always have to have joint ownership of assets, especially in their home purchase. Buying home without spouse on the mortgage note and the title is permitted by lenders Prenuptial agreements are becoming more and…
This BLOG On Home Loan With New Job Mortgage Guidelines And Requirements Was PUBLISHED On June 23rd, 2020 Income and employment is probably the most important factor when it comes to qualifying for a mortgage loan. Borrowers can have the best credit scores and payment history in the world but if they do not have…
This Article On First Time Home Buyers Frequently Asked Questions First Time Home Buyers Frequently Asked Questions: How is borrowers’ credit score? Do borrowers meet the minimum credit score? Borrowers credit score and income are the two most important factors when it comes to qualifying for a home loan Gustan Cho Associates and most other lenders will…