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Email Us: contact@gustancho.com
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 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…
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…
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…
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…