This article will cover non-conforming mortgage loans and bank statement mortgages for self-employed borrowers. There are no income tax returns required on bank statement mortgages. Dale Elenteny of Gustan Cho Associates explains non-conforming mortgage loans: Any mortgage loans do not conform to Fannie Mae and Freddie Mac mortgage lending guidelines are called non-conforming loans. Jumbo…
Apply Now In this guide, we will cover pre-qualification vs pre-approval homebuyers. A pre-qualification is a general informal approval to see if the borrower qualifies for a mortgage loan. A pre-approval is more in-depth than a pre-qualification. For example, a loan officer can have a fifteen to thirty-minute interview with the applicant and determine whether…
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 will cover buying short sale home purchase versus traditionally listed homes. A short sale is when a homeowner has a home with a loan balance that is higher than the value of their home and gets their lender to agree for them to sell their home at a discounted price. The…
In this blog, we will cover and discuss home loans for heroes police, and first responders. Home Loans For Heroes Veterans and First Responders home purchase program is now available throughout the United States. Home loans for heroes are discounted mortgage programs for our everyday heroes who are out there such as police officers, firefighters,…
Get a Fast Quote: Click Here In this blog, we will cover and discuss the FHA 203k loan eligibility requirements and guidelines. The United States Department of Housing and Urban Development, also known as HUD, is the parent of the Federal Housing Administration, also referred to as FHA. FHA Loans are the most popular mortgage…
Best Mortgage CalculatorPowered by Alex Carlucci ofGustan Cho Associates Apply Now Gustan Cho Associates Mortgage Calculator Powered By Gustan Cho Associates Gustan Cho Associates, powered by Gustan Cho Associates has launched its very own Online Mortgage Calculator. After years of struggling to find a user-friendly online calculator, the team at Gustan Cho Associates did…
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