This guide covers lender overlays on credit scores on government and conventional loans. We will discuss and explain mortgage lender overlays on credit scores. A frequently asked question at Gustan Cho Associates is what are lender overlays on credit scores. Mortgage Lender Overlays are requirements that are implemented by individual lenders that are in addition…
This BLOG On Investor Lender Overlays And How It Prevents Getting Mortgage Approval Was UPDATED On April 26th, 2019 Home buyers need to qualify for a mortgage before they can go shop for a home. Almost all realtors will require a pre-approval before showing a home buyer a home Some realtors will even go to…
Apply Now In this blog, we will cover choosing the right mortgage lender with no overlays on home loans with many mortgage loan options. Choosing the right mortgage lender is extremely important. There are thousands of mortgage lenders and which lender do you choose? Getting a referral from a close trusted friend can be on…
Apply Now In this blog, we will cover the difference between FHA guidelines versus lender overlays on FHA loans. All mortgage lenders need to follow HUD guidelines if they want the loans they originate and fund insured by the Federal Housing Administration. HUD, the parent of FHA, insures lenders against the borrower defaulting on their…
Apply Now In this article, we will cover and discuss VA credit score guidelines on home purchase and refinance VA home loans. Gustan Cho Associates gets countless calls daily from borrowers who often are confused with VA Credit Score Guidelines. They contact us after being told by other lenders that they do not qualify for…
This Article On Qualifying For Home Loan After Bankruptcy And Housing Event Was Written By Gustan Cho NMLS 873293 Qualifying for home loan after bankruptcy is no problem as long borrowers have met mandatory waiting period requirements. Government and Conventional Loans have a mandatory waiting period after bankruptcy and/or housing event Borrowers can qualify for…
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