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ByGustan Cho
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Exploring Portfolio Loan Programs for 2024: A Flexible Mortgage Option for Unique Borrowers In the world of mortgages, there isn’t always a one-size-fits-all solution. If conventional loans aren’t a fit, portfolio loan programs might be the answer. Whether you’re an investor, retiree, entrepreneur, or someone with unique financials, portfolio loans open doors that traditional lending…
ByGustan Cho
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Everything You Need to Know About Second Home Loans in 2024 Are you thinking of buying a second home? Maybe you want a cozy cabin by the lake, a beachside retreat, or a place closer to family. Second homes can be exciting investments and give you a getaway, but financing them differs slightly from getting…
ByAnngelli Abenes
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Many people reestablish themselves sooner than others after bankruptcy and foreclosure. These folks can qualify for a mortgage sooner than the mandatory waiting period on government and conventional loans. Gustan Cho Associates has non-QM loans one day out of bankruptcy and foreclosure with a 30% down payment.
ByAnngelli Abenes
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It is often a difficult task for many self-employed persons to acquire mortgage loans. Traditional mortgages usually require long paperwork, including tax returns, which may be a problem in cases of those who do not have the regular income verification. This is where No-Doc Mortgage Loans come in handy. These loans make it possible for…
ByGustan Cho
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Washington NON-QM Lenders are offering multiple non-prime loans throughout the state. Homebuyers in Washington state no longer are tied with government and conventional loans. Washington Non-QM lenders can offer a selection of various non-QM and non-prime mortgage loan options for owner-occupant, second homes, and investment properties. No-Doc mortgage loans are becoming increasingly popular for homebuyers…
ByAlex Carlucci
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In this blog, we will discuss and cover non-QM and bank statement portfolio loans for owner-occupant, second homes, and investment properties. NON-QM And Bank Statement Portfolio Loans are mortgage loans that do not conform to Fannie Mae or Freddie Mac lending guidelines. NON-QM And Bank Statement Portfolio Loans are mortgage loans that are held by…
ByAlex Carlucci
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This article will cover qualifying for non-QM loans for self-employed borrowers’ home purchases with no income tax returns. In 2023, over thirty million people were self-employed in the United States. That is about 10% percent of the workforce. Lenders must follow strict and specific guidelines for self-employed borrowers on traditional mortgage loans with traditional income…
ByGustan Cho
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In this article, we will cover and discuss non-QM and bank statement mortgage with no income verification. Non-QM and bank statement mortgage loans do not require income verification. Therefore, income tax returns are not required on non-QM and bank statement mortgage loans. Gustan Cho Associates offer a wide variety of mortgage products. Over the past…
ByDale Elenteny
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In this blog, we will discuss and cover bank statement loans for self-employed borrowers. Non-QM Loans and Bank Statement Loans are back. Gustan Cho Associates is a national mortgage company licensed in multiple states known for its no lender overlays on government and conventional loans as well as the dozens of non-QM loan programs we…
ByGustan Cho
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This guide covers qualifying for a home mortgage with bad credit. One of the frequently asked questions by our clients at Gustan Cho Associates is, what is bad credit in mortgage terms? What does it mean to have bad credit? Bad credit, in general, can have a lot of meanings. Bad credit mortgage loans are…
ByAlex Carlucci
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This guide covers home purchase and refinance Jumbo loan mortgage loan options. There are traditional and non-qm jumbo loans for owner-occupant homes, second homes, and investment homes. Many self-employed homebuyers of higher-end homes can afford a high-balalnce jumbo mortgage loan, however, do not qualify due to the hefty write off on their income tax returns….
ByGustan Cho
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This blog will discuss and cover bank statement deposit only mortgage for self-employed borrowers with no income tax returns required. Since the real estate crash 2008, the United States Federal Government stepped in to create mortgage guidelines and standards. One added rule required income calculations used for borrowers, including self-employed borrowers. This is part of…
ByGustan Cho
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This article covers 12 Month Bank Statement Mortgage For Self-Employed Borrowers Until recently, most self-employed home buyers had a difficult time qualifying for a mortgage. Many self-employed home buyers often have the means to afford a higher-end home. Self-employed wage-earners have the luxury to write off many business expenses under the IRS Tax Code. Writing…
ByGustan Cho
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In this article, we will cover and discuss Self-Employed Relocation Mortgage Guidelines. Three primary categories of residential mortgages cater to different types of property ownership: Owner-Occupant Mortgages: For people who plan to live in the property they’re buying as their primary residence, mortgages are available specifically designed for them. These loans typically provide more favorable…
ByAlex Carlucci
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In this guide, we will cover self-employed mortgage borrowers with no income tax returns required on a home purchase. Many lenders consider self-employed individuals to pose a greater risk of defaulting on a mortgage. This is because their incomes often vary from month to month and from year to year. In general, mortgage lenders want…
ByGustan Cho
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In this blog, we will cover and discuss using non-QM versus jumbo mortgages to purchase high-end homes. Using non-QM versus jumbo mortgages to buy high-end homes is becoming increasingly popular. Traditional jumbo loans have strict lending guidelines due to the risk layer lenders need to take. Most traditional jumbo lenders may require a 740 credit…
ByGustan Cho
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This guide covers subprime mortgages and alternative financing for homebuyers and homeowners. Subprime mortgages are mortgage loans available to homebuyers who do not qualify for government and conventional loans. There can be many reasons why buyers do not qualify for traditional loans. It does not necessarily mean just due to bad credit. Some high-end buyers…
ByGustan Cho
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In this blog, we will cover and discuss the Jumbo mortgage with 10% down payment and no PMI. A jumbo mortgage is a residential mortgage loan that exceeds the conforming mortgage loan limits. The conforming mortgage loan limit for 2024 is capped at $766,550 in most parts of the United States with the exception of…
ByDale Elenteny
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The asset-depletion mortgage loan program benefits higher net worth individuals who do not have a regular steady income. Non-QM loans are becoming increasingly popular and benefit borrowers who need alternative nontraditional mortgage loan programs.
ByGustan Cho
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Self-employed borrowers are now eligible to get an approve/eligible per automated underwriting system with one-year income tax returns.
ByGustan Cho
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Gustan Cho Associates has mortgage with no income documentation, no tax returns, and low credit scores. Many folks who have established themselves with good credit and stable income and have decided that they are ready to become homeowners seek to get qualified for a home loan. One of the most important factors lenders look in…
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