In this blog, we will be covering a common frequently asked question: can a 500 credit score get a VA home loan? The team at Gustan Cho Associates are experts in VA loans with low credit scores. One of the most popular loan programs we help borrowers with is VA and FHA loans with credit…
In this blog, we will cover and discuss the meaning of the buyers market versus the sellers market in real estate. The team at Gustan Cho Associates has been following the housing market for over a decade, and we are in some unprecedented times. In this blog, we will give our readers an update on…
One critical document in buying or selling a home is the Closing Disclosure (CD). The CD is a vital piece of paperwork that outlines the specifics of your mortgage arrangement, providing transparency and clarity to ensure a smooth closing process. In this comprehensive guide, we’ll delve into the intricacies of the Closing Disclosure, exploring its…
In this article, we will cover and discuss qualifying for a mortgage with collection accounts. If you are a longtime reader of Gustan Cho Associates Inc, you are more than likely familiar with collection accounts. In this blog, we will detail how a collection account will affect your mortgage qualifications. We will also discuss how…
Homeowners have tax benefits of owning versus renting a home. We all know the saying, “you are only guaranteed two things in life, DEATH, and TAXES”. Well, it is now tax season for the calendar year of 2021. In this blog we will detail the tax advantages mortgage borrowers receive, tips for filing your taxes…
In this article, we will cover homeowners refinancing with bad credit and low credit scores. With today’s historic volatile rates and increased home prices, homeowners should explore refinancing with bad credit. Gustan Cho Associates helps countless homeowners save tens of thousands of dollars by refinancing with bad credit. It is true that the lower your…
HUD, the Federal Housing Administration parent, has lowered the hefty FHA mortgage insurance premium on FHA loans by 30 basis points. The annual FHA mortgage insurance premium of 0.85% got reduced to 55% of the mortgage loan balance. Reducing FHA mortgage insurance premium is a welcome move for many Americans. This holds especially true for…
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 This guide will cover the HUD Chapter 13 Guidelines with late payments on FHA loans. We will discuss qualifying for FHA loans during Chapter 13 Bankruptcy and whether you will be eligible for late payments. Gustan Cho Associates are mortgage experts when it comes to guidelines surrounding bankruptcies. We offer all Conventional, FHA,…
Apply Now This Article Is About getting Chapter 13 Trustee Mortgage Approval on FHA or VA loans. You can buy a house during the repayment plan during Chapter 13 Bankruptcy. You do not have to wait until the Chapter 13 has been discharged. Not too many loan officers, realtors, or even bankruptcy attorneys realize that…
What Are Private Mortgage Insurance Guidelines On Conventional Loans And How Does It Work: Gustan Cho Associates offer a wide range of mortgage products, We have some of the most competitive conventional mortgages on the market, We also have access to Fannie Mae and Freddie Mac specialty products such as HomeOne, HomeStyle, and HomePossible, Most Americans…
Apply Now In this blog, we will discuss and cover VA DTI mortgage Guidelines. VA DTI mortgage guidelines state there is no maximum debt-to-income ratio cap on VA loans with an approve/eligible per automated underwriting system (AUS). You should get an approve/eligible per automated underwriting system as long you have strong residual income. You…
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