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Email Us: contact@gustancho.com
HUD Chapter 13 Bankruptcy Guidelines on FHA loans allow borrowers in an active Chapter 13 Bankruptcy repayment plan to qualify for FHA loans while in an active Chapter 13 Bankruptcy repayment plan. The way HUD Chapter 13 Bankruptcy Guidelines state on HUD 4000.1 FHA Handbook is anyone who has filed Chapter 13 Bankruptcy is eligible…
This article will cover how much house I can afford versus qualify. Homebuyers should think twice about buying a house with a pre-approval before thoroughly reviewing their budget. Just because you qualify for a mortgage on a particular home with a certain loan amount does not mean you can afford it. Not all people have…
In this blog, we will cover the HUD non-occupant co-borrower Guidelines on FHA loans. The United States Department of Housing and Urban Development commonly referred to as HUD, is the parent federal agency of the Federal Housing Administration (FHA). HUD, the parent of FHA, is not a lender. FHA does not originate nor fund FHA…
In this blog, we will cover FHA mortgage insurance premium on 15 versus 30-year fixed-rate FHA loans. FHA-insured mortgage loans are a great program for first-time home buyers. For borrowers needing a home loan with bad credit, FHA-insured mortgage loans are ideal for first-time home buyers. FHA loans are perfect for those who need a…
This blog will compare FHA versus conventional rates on home purchase and refinance transactions. Is FHA versus conventional rates on purchases and refinance lower? This is one of the most frequently asked questions at Gustan Cho Associates. Getting the best mortgage rates is important. Lower rates mean tens of thousands of savings over the home…
In this blog, we will review qualifying for a mortgage with recent late payments. Timely payments in the past 12 months are crucial when qualifying for a home loan. It is fine to have prior late payments or bad credit when qualifying for a mortgage. Dale Elenteny of Gustan Cho Associates compares bad credit versus…