Email Us: contact@gustancho.com
Call or Text:844-90-RATES
Email Us: contact@gustancho.com
This guide covers how to prepare your credit scores for home purchase. Homebuyers or those who plan on buying a home in the near future, should prepare your credit scores for home purchase. Credit scoresis what determines whether or not borrowers qualify for a home loan. Every mortgage program has credit score requirementsto qualify for…
This guide will cover the FHA guidelines on buying house flips for homebuyers. The following paragraph will cover the FHA guidelines on buying house flips. Property flipping was extremely popular before the 2008 Great Recession and Real Estate Market Crash and has almost stopped. However, house flipping is now back in full force. Many real…
This Article On Understanding VA Loans And Agency Lending Guidelines Understanding VA Loans And Agency Lending Guidelines is very important for homebuyers with less than perfect credit trying to get qualified and pre-approved. VA loans are the best loan program in the nation The Veterans Administration is not a lender The VA is a federal…
In this article, we will discuss and cover HUD Multi-Family Mortgage Guidelines for FHA Loans. HUD Multi-Family Mortgage Guidelines on 2 to 4 unit properties state home buyers can purchase multi-family units with FHA Loans with a 3.5% down payment. HUD Multi-Family Mortgage Guidelines require less down payment requirements on FHA Loans than Conventional Loans….
This guide covers how seller concessions work for buyers and sellers. Most clients at Gustan Cho Associates do not pay closing costs out of pocket. Closing costs are normally paid for with a seller concession by the home seller. Each home mortgage program has its cap on the maximum seller concession the home seller can…
This guide covers buying a house in Sarasota Florida, for first-time homebuyers. Located on the southwestern coast of Florida, Sarasota County is renowned for its stunning beaches, vibrant arts scene, and thriving economy. With a rich cultural heritage and abundant recreational opportunities, the county attracts residents and visitors alike. This article on buying a house…
This article will cover down payment assistance for homebuyers. The team at Gustan Cho Associates gets many first-time homebuyers inquiring about down payment assistance for homebuyers. Many homebuyers can easily afford the monthly principal, interest, tax, and insurance (PITI) but struggle with the down payment and closing costs. Many homebuyers do not know that HUD…
This Article Is About Judgments And Tax Liens Mortgage Lending Guidelines Fannie Mae and Freddie Mac do not allow borrowers with a tax lien to become eligible to qualify for conventional loans. You can have a federal income tax in arrears qualify for conventional loans as long as the borrower’s tax obligations are not on…
This blog will cover the Texas Chapter 13 cash-out refinance mortgage guidelines on VA loans. Homeowners can qualify for FHA and VA loans during and after Chapter 13 Bankruptcy. Dale Elenteny of GCA Mortgage Group is a Texas Chapter 13 cash-out refinance loan expert. Here is what Dale Elenteny had to say: Texas has a…
In this blog, we will cover Chapter 13 Bankruptcy Guidelines. Borrowers can qualify for a mortgage during and after the Chapter 13 Bankruptcy repayment plan. You do not have to wait until the Chapter 13 Bankruptcy has been discharged. Homebuyers who have filed Chapter 13 Bankruptcy are eligible for FHA and VA loans for one…
This article will cover the updated debt-to-income ratio guidelines on government, conventional, jumbo, and non-QM loans at Gustan Cho Associates. All home mortgage programs have agency guidelines when it comes to debt-to-income ratios. Eric Jeanette of Gustan Cho Associates said the following: If homeowners have a homeowner’s association fee, that monthly fee is calculated as…
This article will cover buying home again after bankruptcy and foreclosure. Many people think bankruptcy and foreclosure are the ends of the world and will never be able to qualify for a mortgage ever again. This is not true. Bankruptcy is a good thing. The team at Gustan Cho Associates has helped thousands of folks…