Loan Officer Gustan Cho
Loan OfficerForum Replies Created
-
Greg Bishop delves into the approved Chicago city ordinance for a curfew and Mayor Brandon Johnson’s promise to veto the ordinance. Alderman who supported the measure said allowing for a snap curfew would allow another tool for police to get control of unruly teen takeovers.
-
Welcome to the graveyard of high-end cars, gathering dust on dealer lots across America. Today, we’re exposing the vehicles that look stunning in ads but turn into financial nightmares once you sign.Welcome to A Nice Car 🚗! We’re here to help you find the perfect car for your needs. A Nice Car provides expert insights, in-depth analysis, and thorough comparisons to help you make the best choice. Plus, A Nice Car also shares handy car maintenance tips to keep your ride in top condition. Whether you’re buying your first car or looking for something new, we’ve got you covered with valuable advice and detailed reviews.
So, you’ve got big dreams of sitting in plush leather, riding in a smooth luxury sedan or SUV, and enjoying all the latest tech without having to sell your kidneys to afford it? Well, you’ve come to the right place! These are the best used luxury cars and SUVs you can buy RIGHT NOW. Not only are they significantly cheaper thanks to depreciation, but they’re also reliable, comfortable, and packed with features that make driving a dream. From the Lexus LS 500 to the Porsche Panamera, these cars will give you that VIP lifestyle without the VIP price tag! Let’s Dive In!!!
-
Great information and data, Chad. Thanks for sharing.
Home Prices Across the United States
If you’ve checked the news lately, you know that buying a house today can feel like putting your ticket on a carnival roller-coaster. Interest rates bounce up and down, inflation chases its tail, and broken supply chains keep throwing curves at builders.
National TrendsPrice Increases
Home prices keep nudging upward, yet the pace has eased way off the breakneck speed we saw during the pandemic. By June 2025, the median sales price for a single-family house sits around $450,000, marking a 5.2 percent bump from twelve months earlier.
Regional Disparities
Not every market tells the same story. West Coast cities such as San Francisco and Seattle still post headline-grabbing jumps. At the same time, in many Midwestern towns and even a few Southern communities, the numbers climb at a far more reasonable pace.
Urban vs. Suburban
City dwellers paid a premium for skyline views for years, but the pandemic flipped the playbook. Families chasing backyards and home offices have increased suburban and rural prices, doubling the long-standing gap between urban and outlying areas.
Factors Driving Home Price Increases
Skinny Inventory
Sellers simply aren’t listing their homes in bulk, so the MLS stock is about 20 percent leaner than before the pandemic. Fewer For Sale signs mean every new listing gets swarmed almost overnight.
Sturdy Demand
Even at these higher price points, eager buyers keep pouring in. Low mortgage rates, steady paychecks, and the dreams of first-timers and seasoned investors create a queue that seems to stretch forever.
Sky-high Building Bills
Builders pay much more for Carpenters, concrete, and copper this year than last year. Those ballooning input bills stall construction, and older houses can easily command top dollar without fresh neighborhoods.
Investor Stampede
Hedge funds, pension pools, and even buyers from overseas are grabbing single-family homes like their limited-edition sneakers. Their cash offers can power past a typical starter buyer, and all that competition lifts prices on every block.
Market ForecastModerating Growth
Home prices should still climb, but most analysts agree the pace will cool off. By late 2025, many expect yearly gains to settle at about 2 to 3 percent. That feels slower than the double-digit spikes of recent boom years.
Regional Variations
No two neighborhoods are pricing out the same way. Some cities are still on fire, posting big jumps each quarter, while others are just holding steady- or, in a few cases, even slipping a little. Buyers need to scout the zip code, not the national headline.
Interest Rates
Mortgage rates move the needle more than almost anything else. A further hike could chill buyer excitement and keep prices in check, but a drop might spark another rush and send values north again.
Impact of Economic Uncertainty
Worries about inflation, overseas conflicts, and stock-market jitters keep popping up in the news. That uncertainty makes some would-be buyers hesitate, yet others dive in, convinced that brick-and-mortar beats paper assets when times are shaky.
All of this keeps the U.S. housing market pretty lively by historical standards. Prices are still inching up, not at warp speed, while local conditions swing from boom to bust. Home shoppers and sellers who watch their region closely do much better than those who gamble on guesswork.
-
Here’s some more pictures of Skylar in my truck going to the toqn garbage 🗑 dump on Saturday.
-
Here’s Skylar in my pickup truck. Saturdays is garbage day where I have to go to the town dump. Took Skylar with me to the dump. Here are some photos 📸 of Skylar in the pickup truck. She was a great 👍 girl. I will post some more pictures of Skylar. Chase and Bailey stayed home.
-
Here are some recent pictures of Chase. Some pics are of Chase and Skylar. The first picture of Chase is when he opened the patio door 🚪 and let all the dogs if. He knows how to open the door and get out and get inside the house. The other dogs 🐕 follow his lead. Bailey is learning from Chase. How to play tag, fetch the ball, and other things.
-
Here is a snapshot of the biggest stories from Tuesday, June 17, 2025. I’ve pulled together what you call the headlines of the day- global shifts, U.S. numbers, regional color, and the chatter buzzing through each industry lane. No dedicated GCA Forums News update popped up, so this roundup stands alone. You’ll notice I tucked in a mortgage flash. Those boards often heat up around the current loan themes people care about. The core question, remember, is how a borrower with a 590 FICO, steady pay, manageable DTI, and no lease history, someone who soaked rent-free or camped in a hotel for months, slips into a VA or FHA deal.
Today in the World: Tuesday, June 17, 2025Global Wrap-Up
Israel vs. Iran:
Missiles and Mixed Messages:
- Missiles continued to streak between Israel and Iran on the fifth day of their unexpected air war.
- Israeli bombs even targeted the state broadcaster in Tehran on June 16, briefly shutting down sports highlights nobody had time to watch.
- President Trump pushed the drama one step further by demanding Iran surrender without conditions.
- Yet, he also claimed the U.S. is not lining up a strike against Iran’s top leader.
- Meanwhile, Tehran quietly floated the idea of restarting nuclear talks through Arab go-betweens.
- It urged residents near its missile sites to evacuate.
- The Indian Embassy in Iran now warns its citizens;
- The situation here is hotter than a tandoori oven.
Air India: A Day of Grounded Plans:
- One troubled Air India bird tried to fly from San Francisco to Mumbai but flared an engine, forcing everyone to hop off at a scenic California gate.
- Another jet crossing the English Channel from Ahmedabad to London in India was scrapped because of safety checks linked to last week’s AI-171 crash.
- No one at the airline calls it a lucky day, and passengers are beginning to carry snacks just in case.
Uttarakhand Chopper Yatra Restarts
- After a heartbreaking helicopter crash in the Kedarnath valley on June 16, the Uttarakhand government made the tough call to restart Char Dham flights the next day.
- Step-by-step safety checks now shadow every landing and take-off.
Summit Moves, Ukraine Burns
A quick-moving China-Central Asia summit is stitching up closer ties. Yet, overnight, Russian missiles still screamed into Kyiv and Odesa. Two stories sharing the same sky, one calm and another shattered.
G7 Fallout and LA Protests
President Trump cut his G7 visit short, yanking U.S. allies into a trade spat while shouting at Iran from the tarmac. Days later, on June 14, crowds in Philadelphia waved No Kings signs as he warned Tehran to bow or else.
Newsom on Militarized Streets
California Governor Gavin Newsom shot back with court papers, labeling Trump’s order to move National Guard units toward Los Angeles hotspots authoritarian.
Self-Deportation Ripple
The New York Post later reported that close to 1 million undocumented residents quit the country under that heavy hand, which some economists say quietly nudged wages upward.
Bipartisan Salute to Hortman
At the Minnesota statehouse, Republican Speaker Lisa Demuth laid down party lines to honor DFL veteran Melissa Hortman after her sudden passing.
Respect, Regardless of Row
- The tribute proved that shared grief can still draw a straight line of respect even in a chamber quick to clash.
- A Minnesota police tipster recently tied one suspect to the shooting of a state lawmaker, raising fresh fears about political violence.
- The same person was also said to be scouting four politicians’ homes for a possible attack.
- U.S. markets opened shaky on Tuesday morning after retail sales numbers showed a surprising drop.
- Headline spending slipped 0.9 percent, and the core number fell 0.3 percent, suggesting shoppers are pulling back.
- On the oil front, prices jumped following Donald Trump’s call to evacuate Americans from Tehran.
Health Policy News
- In health policy news, the nursing associations from Washington, California, and Illinois are fuming over reports that Medicaid rolls were shared with ICE.
- They issued a joint statement condemning the practice on June 16.
- Separately, a senior CDC official who handles COVID-19 hospitalization data quit after Secretary RFK Jr. ordered strict vaccine rules.
Regional Watch:
Nigeria
- President Bola Tinubu put a Kaduna trip on hold after a massacre in Benue that forced more than 6,000 people from their homes.
- The country’s anti-graft agency also arraigned former Central Bank chief Godwin Emefiele for 753 phantom housing units in Abuja.
- Inflation dipped to 22.97 percent in May, but the oil workers’ union PENGASSAN says fuel must be sold for N700 per liter to stay afloat.
- Ghana Soccer fans can mark July 1 on their calendars when the 2025/26 league season kicks off. Fitch is warning that inflation will average 15 percent for the year.
- Bole Health Centre has hit rock bottom.
- So few toilets work that some patients are now finding that open defecation is the only choice left to them.
India:
The Supreme Court just gave filmmakers a win. Kamal Haasan can show his movie Thug Life in Karnataka without worrying about last-minute threats. Meanwhile, PM Modi is busy in Canada, shaking hands at the G7 and squeezing in short talks with fellow leaders.
U.K.
Rail Safety Week 2025 kicked off this morning. Organizers say the drills and pamphlets are meant to protect passengers and the crews working the lines. Oddly enough, conversations are also swirling about the prospect of weather technology being turned into a weapon.
Entertainment and Sports
O.J. Simpson Chase Anniversary:
Social media lit up today because the famous slow-speed Bronco chase turned 31 years old. Historians still can’t believe 95 million people glued their TVs to it.
K-Pop and Actor Birthdays:
Fans of MONSTA X leader Shownu threw online parties to mark his June 17 birthday. Park Bo-gum, who celebrated a day earlier, answered international shout-outs by thanking supporters in an upbeat post.
Local Events:
Bowling Green, Kentucky, had a busy weekend. The Warren County Public Library offered families a free showing of Brother Bear. At the same time, the Hot Rods let fans hang out at Turbo’s Tail-Wagin’ Tuesday.
Mortgage Industry News and GCA Forums Context
Nothing specific popped up in the GCA Forums on June 17, 2025. That makes sense since the site usually caters to niche lenders like Gustan Cho Associates, which focuses on borrowers with non-traditional credit.
Market Trends Impacting Mortgages
- Community members might still be posting about the wider mortgage landscape.
- Rising oil prices tied to the Israel-Iran conflict have pushed 30-year fixed FHA and VA rates to the 7.5 to 8 percent range, so borrowers are told to lock in quickly.
Policy Updates
- Another ongoing thread mentions possible HUD and VA guideline shifts.
- Rumors suggest the agencies could accept higher debt-to-income ratios of up to 45 percent for borrowers with strong offsets and start looking more favorably at non-traditional credit profiles, which would help someone with a 590 score and no recent rental history.
Dealing with Unconventional Housing Backgrounds
VA Loans:
- Many veterans have discussed how the VA skips the usual verification of rent (VOR), which is a huge relief.
- Shops like Veterans United or Navy Federal sometimes accept only a year of hotel receipts pulled from bank statements or credit cards.
- Borrowers with a 590 score, stable pay, and a DTI under 41% still find doors opening.
- If the veteran stays rent-free with a relative, a simple signed letter of utility or bank proof, the lender checks that box and moves on.
FHA Loans:
- The FHA is different; its manual process nearly always demands a tidy VOR.
- Some users swear by an old-fashioned notarized note from the landlord, especially if it spells out free rent and includes dates.
- Hotel stays rarely exceed the VOR line, but lenders such as Gustan Cho Associates may consider them backup credit.
Paper Trail Suggestions:
- One running thread mixes tips: a year’s worth of utility statements, a notarized rent-free letter, or a stack of hotel invoices.
- Sharp-eyed members still warn that a light bill in Mom and Dad’s name needs the borrower’s name on it, too; otherwise, it looks flimsy.
Lender Strategies:
- Gustan Cho Associates are often mentioned for their hands-on work with people whose credit dips between 580 and 620.
- A good moderator might tease out a June 2025 blog that explains how to use non-traditional files for FHA and VA loans, boasting high yes-or-no numbers.
Borrower Advice:
Online threads usually fall back on a few basics:
Shopping Lenders:
Swing by a few quotes from VA/FHA shops like Rocket Mortgage or LoanDepot. Some of them still say yes when the score feels low.
Compensating Factors:
A full paycheck, a tight debt-to-income ratio, and three to six months sitting in reserves help drown out the 590 ringing in the underwriter’s ears.
Credit Boost:
If you keep your credit card balance under 30% of the limit, scores often jump past 600, and approvals feel much friendlier than last week.
Economic Context:
- Headlines about sluggish retail sales, nagging inflation, and tighter lending rules remind any cardholder with an odd profile to move fast before the next rate hike hits.
- June 17, 2025, arrived with chatter that mixed rising tensions between Israel and Iran, delays on Air India flights, and news that the Uttarakhand government had finally cleared its helicopter routes.
- Back in the U.S., protests flared over some of Trump’s leftover policies, Minnesota voters were mourning a local politician who had just been shot, and Nigeria was scrambling to stop street violence while Ghana prepped its soccer league.
- India looked calmer when its Supreme Court backed an indie filmmaker facing censorship.
Mortgage News
In the mortgage world, folks on a GCA Forums-like chat would be weighing how a borrower with no rental record could still qualify. Veterans Affairs loans usually offer the most wiggle room. Still, an FHA underwriter might accept a rent-free letter if the score stays around 590. Many pros would steer that file to Gustan Cho Associates because they still read every line of the paperwork.
https://www.youtube.com/watch?v=b07edOohIaA&list=RDNSb07edOohIaA&start_radio=1
-
Rent verification is normally required on manual underwriting FHA and VA files. However, if you cannot provide proof of rent, just write a letter of explanation stating that you live with your family to save money to buy a house. Rent verification is great and can be a strong compensating factor if the rental verification has low payment shock.
https://gustancho.com/when-is-rental-verification-required/
gustancho.com
When Is Rental Verification Required By Mortgage Lenders
When is rental verification required by mortgage lenders is when the file is a FHA or VA manual underwrite or if the lender has overlays on VOR.
Social Media Links