80% of our borrowers who contact us at Gustan Cho Associates are folks who have gotten last-minute mortgage denials from other lenders or were told they could not qualify due to their lender overlays. Other borrowers were referred to us because they did not have any luck finding a mortgage lender who had the mortgage loan program they were looking for. Many could not find a niche lender with mortgage loan products such as non-QM loans and/or alternative mortgage programs.

Gustan Cho Associates has a national reputation for being able to do mortgage loans other lenders cannot do. The team at Gustan Cho Associates are experts in being able to help borrowers with credit scores down to 500 FICO. We can help borrowers who could not qualify at other lenders due to the lender having overlays or because borrowers are folks who have gotten last-minute mortgage denials.

Gustan Cho Associates, empowered by NEXA Mortgage, LLC NMLS 16660690, are mortgage advisor licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands.

How To Contact Us To Get Pre-Approved The Same Day

Important Links:

• Talk To a Loan Officer
• Get Pre-Approved
• Order Credit Report

In this section, we will streamline the process of how to contact us, get qualified, get pre-approved, and start the home-buying process. We have made the mortgage process simple with no stress. First, mortgage loan applicants need to talk with a loan officer by calling 1-800-900-8569. Or text us at 262-716-8151 for a faster response. You can email us at gcho@gustancho.com. If it is easier for you, you can request an appointment by completing this form Talk To a Loan Officer.

Mortgage loan applicants can get pre-approved in one day by completing the Talk To a Loan Officer, Get Pre-Approved, and Order My Credit Report links. Gustan Cho Associates has no lender overlays and closes 100% of all of our pre-approvals.

If you have a preference for the loan officer you want to work with, please click this link Meet Our Team for a directory of our support and licensed personnel. The very first step of the qualification and the pre-approval process is a one-on-one confidential interview with a licensed loan officer. The loan officer will ask you certain qualifying questions with regard to the type and price of the home you want to purchase, your credit and payment history, income and employment, assets, and debts.

Get Pre-Approved 

After you had an interview with a loan officer, the loan officer will direct you to the Get Pre-Approved link which is the official mortgage loan application. You will be directed to the Get Pre-Approved link if the loan officer feels you are qualified after the one-on-one interview. If you have any questions while completing the Get Pre-Approved link, please contact your loan officer or our branch operations department at 262-716-8151 or email us at gcho@gustancho.com. You can also text us at 262-716-8151 for a faster response. On the same link, once you complete the Get Pre-Approved link, there is a section for you to download the supporting following documents which will be required for a solid pre-approval. You can also email the following documents if you are having trouble downloading it. Here are the documents required for your pre-approval:

• Driver’s License (cell phone picture or clear scan/copy is acceptable)
• W-2’S, 1099’S, OR K-1’S – Last two years (all pages and schedules)
• Tax Returns – Last two years (all pages and schedules)
• Paystubs (most recent 30 days)
• Current Mortgage Statement
• Homeowners Insurance 
• HOA Payment Voucher- If no HOA just say, “no”
• Previous Title Company Information – I would like to save you some fees by going with the same title company.

Assets:

• Checking
• Savings
• Investment Statements;
  (The most recent 60 days – all pages, no redacting; Be prepared to explain and source non-payroll deposits.)

Order Credit Report To Run The Automated Underwriting System

Gustan Cho Associates has no lender overlays on government and conventional loans. While most lenders have two tiers of the mortgage approval process (AUS approval and lender overlays), Gustan Cho Associates just go off the automated underwriting system findings. Once you have approve/eligible per the automated underwriting system, you can bank on closing the mortgage loan. To run the automated underwriting system, we need you to Order Your Credit Report by clicking the Order Credit Report link. Once you pay the fees and run your credit report, we will get alerted. Once alerted, your loan officer will review your credit report and run your loan application along with your tri-merger credit report through the automated underwriting system (AUS).

Official Pre-Approval Letter

Once you have an approve/eligible per the automated underwriting system, your loan officer will issue a pre-approval letter. With a pre-approval letter, you will be able to shop for a home and enter into a real estate purchase contract. Make sure you have your real estate agent reach out to your loan officer to discuss having the home seller give you seller concessions to offset closing costs on your home purchase.

Gustan Cho Associates Says Yes When Other Lenders Say NO

Gustan Cho Associates are mortgage advisors licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands. We have a national reputation for having every mortgage loan program in today’s marketplace. Borrowers who were told that they do not qualify by lenders due to their lender overlays or not having a mortgage loan product such as non-QM loans and/or alternative mortgage programs can rest assured the team at Gustan Cho Associates can help them.

Gustan Cho Associates has a national reputation for helping borrowers with less-than-perfect credit and credit scores qualify for home loans. We are set apart from other lenders because the word NO is non-existent.

Most bankers and lenders will tell borrowers who do not qualify for a loan to come back once their credit and credit scores have improved. With our team of professionals at Gustan Cho Associates, we start our relationship with borrowers the minute they make contact with one of our many experienced loan officers.

Out Team at Gustan Cho Associates

Our loan officers will help each borrower with analyzing their credit and income profile. The assigned loan offer will discuss with the borrower which loan program is best. It is not IF you will qualify for a home loan but rather WHEN you will close on your home loan.

Gustan Cho Associates has a network of 210 wholesale mortgage lenders. Not only do we have a national reputation for being a five-star mortgage lender with no lender overlays on government and conventional loans, but we have hundreds of non-QM and alternative financing loan programs.

The minimum credit score required to qualify for a 3.5% down payment home purchase FHA Loan is 580. HUD allows borrowers with under 580 credit scores and down to a 500 FICO with a 10% down payment. Many lenders will have lender overlays on government and conventional loans and will not want to touch any loan applicants with under a 580 credit score. This holds true even though the borrower meets the minimum agency mortgage guidelines.

National Reputation of Being Able to do Loans Other Lenders Cannot Do

At Gustan Cho Associates, we handle borrowers with credit scores down to 500 FICO. Outstanding collection and charge-off accounts do not have to be paid. No overlays between government and conventional loans.

Gustan Cho Associates will originate and close on FHA, VA, USDA, and conventional loans with zero lender overlays. Gustan Cho Associates has over 210 wholesale lending relationships so getting a loan program best suited for you is not an issue.

On government and conventional loans, we will just go off the minimum agency mortgage guidelines. HUD allows front-end debt-to-income ratios at 46.9% and back-end at 56.9% DTI on borrowers with at least 620 FICO credit scores to get an approve/eligible per automated underwriting system findings approval. There is no minimum credit score requirement on VA loans. Our team at Gustan Cho Associates has done thousands of VA loans with credit scores down to 500 FICO and debt to income ratio of over 60% DTI.

What Makes Gustan Cho Associates Unique and Special Than Other Lenders

NEXA Mortgage, LLC NMLS 1660690 is licensed in 48 states with its corporate headquarters in Chandler, Arizona. Gustan Cho Associates empowered by NEXA Mortgage LLC is based in Oakbrook Terrace, Illinois NMLS 2315275.

Unlike other mortgage lenders, Gustan Cho Associates offers government and conventional loans with no overlays, non-QM loans for primary and investment properties, and commercial loans. Any loan program in today’s marketplace, you can rest assured Gustan Cho Associates offers it.

Gustan Cho Associates are mortgage advisors through NEXA Mortgage and mini-correspondent lenders through AXEN Mortgage. Gustan Cho Associates has the ability to broker non-QM and alternative mortgage loan programs with the 210 wholesale lenders we are associated with. We have hundreds of non-QM mortgage loan programs through our lending partnerships with non-QM wholesale lenders.

Gustan Cho Associates | One-Stop Mortgage Shop Licensed in 48 States

If there is a mortgage product in today’s marketplace, you can count on Gustan Cho Associates having it to offer our clients. Over 80% of our borrowers are folks who could not qualify at other mortgage companies or got a last-minute mortgage loan denial.

The team at Gustan Cho Associates are experts in helping borrowers with prior bad credit, credit scores down to a 500 FICO, late payments, manual underwriting, outstanding collections, and charged-off accounts.

Gustan Cho Associates offers non-QM and alternative loan programs such as no-doc home loans, bank statement loans, asset depletion, non-QM loans one day out of bankruptcy and/or foreclosure, fix and flip loans, and dozens of other alternative mortgage loan programs for owner-occupant primary homes, second homes, and investment properties.

USEFUL LINK: Best Wholesale Mortgage Lenders For Non-Prime Loans

Our Mission At Gustan Cho Associates

Gustan Cho Associates empowered by NEXA Mortgage, LLC 1660690 is a mortgage company licensed in multiple states with no lender overlays on government and conventional loans. Gustan Cho Associates is the largest mortgage advisor in the nation. We are licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands.

Gustan Cho Associates has a network of 210 wholesale mortgage lenders. You will not find any mortgage lender that offers as many mortgage loan options at the lowest rates. We also have the ability to broker non-QM and alternative loan programs on owner-occupant homes, second homes, and investment properties.

We have a national reputation of being a one-stop mortgage shop due to being able to offer FHA, VA, USDA, and conventional loans and have the ability to broker alternative loan programs. Gustan Cho Associates has the states (licensed in 48 states), and loan products(lending network of 210 wholesale mortgage lenders, at competitive rates(broker yield-spread-premium cap at 2.75%).

Dealing With The Best of the Best Loan Officers

Our mission at Gustan Cho Associates is to create a one-stop financial institution. Unlike other mortgage, real estate, and financial websites, we are not a lead generation company. We do not sell your name to other lenders.

Gustan Cho Associates are mortgage advisor. All organic leads we get through our informational websites are handled by licensed loan officers and not from a call taker from a call center.

We do not sell a single lead from our viewers. We are a licensed mortgage company licensed in multiple states. The people that contact our mortgage inquiries are licensed loan officers. All of our loan officers are trained to handle the trickiest of files. We feel if there is a goal, there is always a way to reach that goal.

Contact Us and Subscribe to Our Newsletter

Gustan Cho Associates offers daily informational blogs for our viewers. Our goal is to offer the latest real estate and mortgage informational website for homebuyers, homeowners, mortgage professionals, real estate agents, attorneys, and other professionals.

Our mission is to help consumers and real estate professionals learn more about the complex real estate and mortgage industry. Many consumers depend on real estate agents and mortgage professionals to guide them in achieving the American Dream of homeownership becoming a reality.

Most folks are clueless when it comes to going about shopping for a home and need advice in securing financing. Most first-time home buyers go to their local bank to apply for a home loan. Many of them get turned down because of the bank’s mortgage lender overlays. Most banks have tougher qualification guidelines when it comes to getting a mortgage loan approval.

Gustan Cho Associates Blogs and Newsletter

Our writers at Gustan Cho Associates are practicing mortgage and real estate experts. We do not hire content writers who do not have any knowledge about mortgages and the real estate industry.

All the information on our blogs is vetted with the most recent and up-to-date information. We have thousands of fans which consist of consumers, realtors, loan officers, attorneys, and third-party mortgage and real estate professionals.

Many folks do not realize that just because they are turned down by their local bank, that does not mean they do not qualify for a home loan. Unfortunately, many bankers who tell borrowers that they do not qualify for a home loan do not recommend them to other lenders who do not have such tough lending requirements.

Contact Us To Qualify and Get Pre-Approved

Borrowers who need to qualify for a mortgage with a mortgage company licensed in multiple states with no lender overlays on government and conventional loans can contact us at Gustan Cho Associates at 800-900-8569. Text us for a faster response. You can email us at gcho@gustancho.com. Your phone calls/texts or emails will be returned promptly. We are different than our competition due to calls being returned within minutes.

The team at Gustan Cho Associates is available 7 days a week, on evenings, weekends, and holidays. All phone calls are returned by licensed mortgage loan originators and not from people of call centers. The team at Gustan Cho Associates issue pre-approvals seven days a week. Both support, operations, and licensed personnel are available 15 hours a day, 365 days a year with not a single day off.

Viewers of Gustan Cho Associates’ daily blogs can request blog topic subjects from one of our expert real estate or mortgage professionals. Feel free to comment on our comment section of each article or visit our mortgage forum which will be answered by one of our licensed mortgage experts.

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