How I Can Improve Credit For Mortgage Loan Approval

How I Can Improve Credit For Mortgage Loan Approval

Reading Time: 6 minutes In this blog, we will discuss how I can improve credit for mortgage loan approval. Mortgage loan programs have minimum credit score requirements for their loan program. Some homebuyers may not meet the minimum credit score requirements on FHA, VA, USDA, or conventional loans. Besides meeting the minimum credit score requirements to qualify for a…

Buying Foreclosure Home Colorado With FHA 203k Rehab Mortgage
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Buying Foreclosure Home Colorado With FHA 203k Rehab Mortgage

Reading Time: 4 minutes This BLOG On Buying Foreclosure Home Colorado With FHA 203k Rehab Mortgage Was PUBLISHED On June 24th, 2020 The state of Colorado has seen explosive housing growth since 2013. All areas of Colorado, whether urban or rural, has seen double-digit housing value increase since 2013 with no signs of a real estate market correction The…

Importance Of Pre-Approval Versus Pre-Qualification When Buying Home

Importance Of Pre-Approval Versus Pre-Qualification When Buying Home

Reading Time: 6 minutes This Article Is About Importance Of Pre-Approval Versus Pre-Qualification When Buying Home  For most Americans, a home purchase is hands down the largest, biggest, and most important investment in their life. By far, a home is a person’s highest priced ticket item they will purchase For most hard working Americans, they would need a home…

Qualifying For FHA Loan With Judgment And Tax Liens

Qualifying For FHA Loan With Judgment And Tax Liens

Reading Time: 7 minutes In this blog, we will cover and discuss qualifying for FHA loan with judgment and tax liens. One of the frequently asked questions at Gustan Cho Associates is qualifying for FHA loan with judgment. We will be covering the HUD agency mortgage guidelines on qualifying for FHA loan with judgment. The team at Gustan Cho…

Government Shutdown Affecting HUD on FHA Loans

Government Shutdown Affecting HUD on FHA Loans

Reading Time: 3 minutes In this blog, we will discuss and cover the government shutdown affecting HUD on FHA loans. We are going into the fifth week of the government shutdown. This partial government shutdown affecting HUD. HUD is the parent of FHA. 25% of the federal government has been shut down for over 30 days. This shutdown is…

HUD Lowers FHA Loan Limits And How Affects Home Buyers

Reading Time: 4 minutes This Article Is About HUD Lowers FHA Loan Limits And How Affects Home Buyers  2014 is just less than two weeks away and there will be new mortgage regulations with HUD. FHA Lowering Loan Limits will definitely affect homebuyers throughout the United States where home prices have been appreciating double digits every year. Fannie Mae…

2 To 4 Unit Property Home Purchase Mortgage Guidelines

2 To 4 Unit Property Home Purchase Mortgage Guidelines

Reading Time: 4 minutes This BLOG On 2 To 4 Unit Property Home Purchase Mortgage Guidelines Was UPDATED On April 30th, 2019 Any property up to 4 units is considered a residential property. It is a residential property as long as the home buyer intends in living in one of the units as an owner occupant. Both FHA and conventional…

Down Payment Requirements On Home Purchase Illinois

Down Payment Requirements On Home Purchase Illinois

Reading Time: 5 minutes This BLOG On Down Payment Requirements On Home Purchase Illinois Was UPDATED On January 9th, 2019 What Are The Down Payment Requirements On Home Purchase Unless mortgage borrowers qualify for a VA or USDA mortgage loan, there are down payment requirements on a home purchase. Besides the down payment requirements, lenders want to know how the…

Chapter 13 Mortgage Guidelines on FHA and VA Loans

Chapter 13 Mortgage Guidelines on FHA and VA Loans

Reading Time: 5 minutes In this article, we will cover the Chapter 13 Mortgage Guidelines on government and conventional loans. Homebuyers and homeowners can qualify for an FHA and VA loan during Chapter 13 Bankruptcy. VA and FHA Chapter 13 mortgage guidelines are identical. Borrowers can qualify for FHA and VA loans during and after Chapter 13 Bankruptcy with…

Conventional Loan Requirement And Mortgage Guidelines

Conventional Loan Requirement And Mortgage Guidelines

Reading Time: 5 minutes This Article Is About Conventional Loan Requirement And Mortgage Guidelines What Are The Conventional Loan Requirements Versus FHA Loans? There are many instances where borrowers need to go with conventional versus FHA loans. Conventional loans are the only loan program that accepts income-based repayment. Many borrowers are under the belief that conventional loans are for…