The U.S. government created and implement VA loans to reward active-duty and retired members of the U.S. Military to show their appreciation of serving our country. Only U.S. Armed Services veterans who meet the VA Eligibility Guidelines And Requirements can qualify to obtain a Certificate of Eligibility (COE) You need a valid COE to meet…
This guide covers community property states mortgage guidelines. Community Property States Mortgage Guidelines: Community property is derived from older Spanish law, which allows for a 50/50 split in any property owned by a married couple. This derives from the notion that maintaining equal ownership is essential to establishing a strong family unit, an important civil…
This VA home loan guide will cover qualifying for a VA loan with bad credit. VA loans are the best mortgage loan program for owner-occupant homes. One of the greatest benefits a Veteran of the United States Armed Services can get by serving our country is to be eligible for a VA loan. The VA…
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 how to get a VA loan with a credit score under 600 FICO. Many borrowers often get denied by mortgage lenders on VA loans due to low credit scores. Most mortgage lenders will require a minimum of a 620 credit score on VA loans. Other lenders will require a…
One of the most common questions the team at Gustan Cho Associates often get is Do All Lenders Have The Same VA Credit Score Guidelines? VA home loans offer a valuable advantage for eligible veterans and service members, offering the chance to become homeowners under favorable terms and conditions. However, regarding VA credit score guidelines…
VA loan limits for most counties in the United States were tied to the conforming loan limits set by the Federal Housing Finance Agency (FHFA). The FHFA announced that the conforming loan limit for most of the country would be $726,200 for a single-family home. However, there were higher limits for certain high-cost areas. These…
This guide covers buying a home in New Mexico with bad credit. Are you an active duty military service member or a veteran looking to purchase a home in New Mexico either for yourself or your family? New Mexico has many veterans migrating to the state due to great job opportunities and its great atmosphere…
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 VA loan after foreclosure waiting period requirements is the same for deed-in-lieu of foreclosure and short-sale. Foreclosure, deed-lieu of foreclosure, and short sale all have the same waiting period requirements to qualify for VA loans. Veterans who have lost their homes due to a prior foreclosure can qualify for a VA loan after…
Get a Fast Quote: Click Here This blog will discuss VA loan with high DTI mortgage guidelines for 2023. You can qualify for a VA loan with bad credit with a lender with no lender overlays. VA loans are the best home mortgage program in the nation. Lenders can offer 100% financing with no down…
Apply Now In this guide, we will cover the high-cost mortgage for a homebuyer when it comes to getting a mortgage loan. High-Cost Mortgage is part of mortgage regulations. Lenders who violate High-Cost Mortgage rules can get fined and sometimes even get their mortgage licenses revoked. Mortgage regulators implemented and launched high-cost mortgage rules and…
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