Email Us: contact@gustancho.com
Call or Text:844-90-RATES
Email Us: contact@gustancho.com
FHA Loans To Purchase New Home With Bad Credit is the best choice when qualifying for a home loan with bad credit. Over 40% of homebuyers use FHA loans when they purchase a home HUD, the parent of FHA, is the government agency that sets guidelines on FHA home mortgages HUD is not a lender…
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 guide covers qualifying and getting approved for FHA W2-income-only mortgages without income tax returns. Each one of us always has a dream of owning a place we can call our own. However, today, the desire to possess such a place can easily be thwarted by the challenges of meeting stringent income verification requirements, usually…
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…
In this blog, we will cover mortgage insurance. We will discuss the mortgage insurance premium on government loans and how private mortgage insurance works on government-backed mortgage loans. The borrower pays for mortgage insurance for the benefit of the mortgage lender, says Wendy Lahn, the Chief Legal Counsel at Gustan Cho Associates: Private mortgage insurance…
In this guide, we will cover down payment assistance for first-time homebuyers. We will discuss locating hard-to-find down payment assistance programs for first-time homebuyers. We will also cover the various types of DPA for first-time homebuyer programs available. Here is the definition of a first-time homebuyer: By definition, a first-time homebuyer is a homebuyer who…
This guide at Gustan Cho Associates will cover having multiple FHA loans simultaneously. For homebuyers, owning a home can seem discouraging, particularly regarding financing. This is where an FHA loan comes in. It is a government-backed loan program designed to make homeownership more attainable by offering a low down payment requirement. John Strange of Gustan…
This blog will cover and discuss mortgages with deferred student loans. Not a day goes by that I do not ask about the difference between qualifying for mortgages with deferred student loans or student loans in forbearance. Gustan Cho Associates are experts in helping borrowers with higher debt-to-income ratios, especially due to higher student loan…
This guide will cover the differences between conventional versus FHA loans. We will highlight why conventional versus FHA loans are better for certain borrowers than others and vice versa. Alex Carlucci, the regional managing director of Gustan Cho Associates and the managing director of GCA Mortgage FORUM, said the following: Buying a home is one…
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…
Manual underwriting guidelines for FHA and VA loans are almost identical. VA and FHA loans are the nation’s only two mortgage loan programs that allow manual underwriting on owner-occupant primary residency mortgage loans. HUD, the parent of FHA, is the federal government agency administering FHA loans. Michelle McCue of Gustan Cho Associates is an expert…