Many first-time home buyers with bad credit are under the following impression they need high credit scores and a 20% down payment to qualify for a mortgage. This is not true. FHA and USDA require 580 credit scores. The Veterans Administration has no minimum credit score requirement on VA loans. Fannie Mae and Freddie Mac…
This guide will cover mortgage for recent college graduates with no work experience. College seniors throughout the country are interviewing for jobs. Many college seniors have either May or June graduation. Many will have job offers via offer employment letters long before graduation. Alex Carlucci of Gustan Cho Associates explains the vast number of college…
This article will cover homes for sale by owner. A frequently asked question at Non-QM Mortgage Brokers is whether buying homes for sale by owner is cheaper than buying a listed home with a real estate agent. Buying homes for sale by owner is generally cheaper because home sellers do not have to pay the…
This article covers Tips For First Time Home Buyers And Mistakes To Avoid Many renters do not realize that they can qualify to be homeowners. We will cover Tips For First Time Home Buyers and mistakes to avoid during the mortgage process: Many renters think that they need 20% down payment in order to be first…
In this blog, we will cover the various first-time homebuyer mortgage options that are available in today’s mortgage marketplace. There are many different types of first-time homebuyer mortgage options. We will review first-time homebuyer mortgage options for borrowers with bad credit, no credit, high debt-to-income ratios, 1099 wage earners, and self-employed borrowers. Apply Now What…
Non-QM Mortgage Brokers wrote and published this blog on how do I buy my first house in Chicago to give homebuyers the good, bad, and ugly of being a Chicago homeowner. Chicago is hands down one of the most beautiful cities in the world. As the author of this guide on how do I buy…
This Article On First Time Home Buyers Frequently Asked Questions First Time Home Buyers Frequently Asked Questions: How is borrowers’ credit score? Do borrowers meet the minimum credit score? Borrowers credit score and income are the two most important factors when it comes to qualifying for a home loan Gustan Cho Associates and most other lenders will…