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…
This guide covers cash-out refinance mortgage loan eligibility guidelines. Government and Conventional loans offer cash-out refinance mortgage loan programs. Home values have been skyrocketing during the past few years where many homeowners are sitting on substantial equity in their homes. HUD, the parent of FHA allows up to an 80% LTV on cash-out refinance mortgage…
This guide covers the best wholesale mortgage lenders for non-QM and qualified loans. What makes a wholesale investor the best wholesale mortgage lender? What makes wholesale mortgage lenders the best of the best? No two wholesale mortgage lenders are the same. If push comes to shove, many mortgage professionals would rather choose an A-tier wholesale…
This blog will cover qualifying and getting approved for a mortgage during Chapter 13 bankruptcy. Unsurprisingly, homebuyers and homeowners can qualify for a mortgage after bankruptcy. How about qualifying for a mortgage during Chapter 13 bankruptcy? Borrowers can qualify for an FHA or VA mortgage during Chapter 13 bankruptcy repayment plan without the Chapter 13…
In this article, we will cover and discuss qualifying for non-QM mortgages after bankruptcy and foreclosure with no waiting period requirements. Government and conventional loans require a mandatory waiting period after bankruptcy, foreclosure, a deed in lieu of foreclosure, and a short sale. The waiting period after bankruptcy and foreclosure depends on the individual mortgage…
In this article, we will cover the differences between non-QM down payment requirements versus traditional loans. This blog on Non-QM down payment requirements is an update of an older blog post that we published on bank statement loans which still exists but dozens more non-QM mortgages are now in the marketplace. Non-QM Mortgage Lenders now…
In this article, we will cover and discuss non-QM loan requirements for purchase and refinance transactions. Despite the coronavirus pandemic that broke out in February 2020, the housing market has been going strong. Again, 2022 was a historic year for the housing and mortgage markets. Home prices continue to rise despite the coronavirus economic impact…
In this blog, we will cover and discuss buying home after short sale. Government and conventional loans have a mandatory waiting period after bankruptcy, foreclosure, a deed in lieu of foreclosure, or short sale. Buying home after short Sale With NON-QM Mortgage Loans is now possible for home buyers who recently had a short sale….
In this blog, we will cover and discuss the non-QM mortgage requirements on owner-occupant, second homes, and investment properties. We will go into why non-QM loans are becoming increasingly popular and the non-QM mortgage requirements. Non-QM loans are not hard money loans or mortgages for just bad credit mortgage borrowers. Many borrowers with great credit…
In this blog, we will cover what non-QM mortgage loans are. Many homebuyers and real estate investors have heard of non-QM mortgage loans. However, a large number of homebuyers and real estate investors assume non-QM mortgage loans are non-prime loans or hard money loans with high mortgage rates. This is not true. Apply Now Why…
In this blog, we will cover and discuss the self-employed mortgage guidelines on both traditional and non-QM loans. Self-employed mortgage guidelines depend on the various loan programs. If you’re self-employed and reading this blog, you have more than likely run into trouble while attempting to get a mortgage. Self-employed mortgage guidelines on non-QM loans do…
In this blog, we will discuss and cover mortgage loan programs for homebuyers and homeowners. Gustan Cho Associates, Powered by NEXA Mortgage, LLC, is licensed in 48 states with relationships of over 160 wholes sales. We have wholesale lenders with no mortgage overlays on government and conventional loans. Besides FHA, VA, USDA, and Conventional loans,…