Chapter 13 Bankruptcy Guidelines on FHA Mortgages is almost identical, but VA loans are more lenient. Mortgage underwriters have a lot of discretion on manual underwriting files. Chapter 13 Bankruptcy Guidelines on FHA mortgages are very similar. FHA and VA loans are the only two mortgage loan programs that allow borrowers to qualify during the…
In this blog, we will cover the guidelines for qualifying for an FHA loan with unsatisfied judgment and tax lien. FHA Loans are the most popular loan program in the United States. HUD, the parent of FHA, promotes homeownership for home buyers with prior bad credit. Homebuyers can qualify for FHA Loans with outstanding collections,…
In this blog, we will discuss and cover VA manual underwriting guidelines on VA loans. Manual underwriting VA loans is something we at Gustan Cho Associates specialize in. Many times, you will not receive an approved eligible AUS findings report. That does not mean your loan is dead, it simply means you must downgrade to…
This ARTICLE On FHA Mortgage Insurance Premium Lowered To 0.85% Was PUBLISHED On July 3rd, 2018 Why did FHA Mortgage Insurance Premium lowered to 0.85%? That’s a great question. There are conflicting opinions Some people believe the government did it to help homeowners by decreasing their monthly mortgage payment Some believe lower monthly mortgage payments…