In this article, we will discuss and cover about borrower review of Gustan Cho at Gustan Cho Associates. Just this past July 2, 2022, I received a frantic call from a home buyer who was extremely disturbed. This was because she learned from multiple mortgage lenders in her community that she could not qualify for a conventional loan due to her having a loan modification one year ago.
We get thousands of borrower reviews of Gustan Cho Associates. We are honored by the number of positive borrower reviews of Gustan Cho Associates. The team at Gustan Cho Associates do everything we can for borrowers to send us positive borrower review of Gustan Cho Associates. We want to have all of our borrowers experience a five-star experience to want to give a positive borrower review of Gustan Cho Associates. In the following paragraphs, we will cover how we get so many positive borrower reviews of Gustan Cho Associates.
How Gustan Cho Associates Can Approve Mortgage Loans Other Lenders Cannot
The home she wants to purchase is priced at $450,000. It is not that she wants to purchase a higher-priced home, but because she and her husband need to live in an area where their children can remain in the same school district. Unfortunately, the lowest-priced home in the area she is looking for a home purchase is no less than $455,000.
Due to extenuating circumstances, she needs to close on the home no later than late August. I calmed her down as much as I could. I was on the phone with her for well over an hour, looking at possible solutions to see if there was any way that my team of loan officers and I could help her. Her credit report had many loopholes, but I found out that her loan was doable.
Bad Credit Mortgage Borrower Review of Gustan Cho Associates
It was not a rock-solid deal. However, on shaky high-risk mortgage borrowers, we always need plan B. After many minutes of interviewing her, we found Plan B and Plan C. So if Plan A does not turn out, we can proceed with either Plan A or plans B. I issued this borrower a pre-approval letter today so she can enter into a real estate purchase contract, and I know we will close on her home
Excerpt From Yelp
Borrower Review Of Gustan Cho at Gustan Cho Associates
Borrower Review of Gustan Cho and testimonials by borrowers who are generous and kind enough to write me a review about their experiences with Gustan Cho Associates is priceless. Normally folks write me a review when we close on their home purchase, but I was pleasantly surprised to get a review on YELP just a few minutes ago. Customer reviews are priceless, which motivates me to work harder. I am not mentioning this borrower’s name due to privacy reasons, but I would let to tell her that my staff and I will not let her and her family down. She is looking forward to closing her loan.
Message To All Mortgage Loan Officers
Not many folks go through the mortgage process many times throughout their lifetimes. Over 75% of our borrowers have gotten a last-minute loan denial or cannot meet the closing date on their home loan closing. This is because their mortgage loan originator did not properly qualify them. Over 90% of lenders have overlays that may meet FHA, VA, USDA, FANNIE MAE, and FREDDIE MAC mortgage guidelines but do not meet their company’s overlays. Overlays are mortgage lending requirements that each lender sets above and beyond the minimum mortgage guidelines that FHA, VA, USDA, FANNIE MAE, and FREDDIE MAC require.
What Makes Gustan Cho Associates Different Than The Competition
Since the inception of Gustan Cho Associates, we have had a no-lender overlay on government and conventional loan business models. Lender overlays are additional guidelines above and beyond the agency guidelines of HUD, VA, USDA, Fannie Mae, and Freddie Mac. HUD requires that for a borrower to qualify for a 3.5% down payment home purchase FHA-insured loan, they must have a 580 credit score. A lender may have FHA Overlays on credit scores.
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What Is The Lowest Credit Score To Buy a House?
They may require a 640 credit score even though HUD Guidelines on credit scores is at 580 FICO. This higher credit score requirement is called an overlay on the lender’s credit scores and NOT what FHA Requires. So in the above example, the borrower may qualify for an FHA Loan with Gustan Cho Associates, but the borrower does not qualify with the lender the borrower went to. That lender has a higher credit score requirement than FHA Guidelines. There are dozens of overlays that lenders can impose. The team at Gustan Cho NMLS specializes in government and conventional loans with no overlays. No lender overlays on FHA, VA, USDA, and Conventional loans. Most loans at Gustan Cho Associates close in 21 days or less.
Testimonial From a Recent Loan Officer at Gustan Cho Associates
Not only do we get thousands of borrower reviews of Gustan Cho Associates, but we will also get positive reviews from our loan officers. The team at Gustan Cho Associates has an unconventional management system. The best way to explain it is to read the most recent testimonial from the newest loan officer who joined our team. Here is a testimonial from Wendy:
Please accept this letter as a personal testimonial for Gustan Cho and Gustan Cho Associates. Although Gustan Cho Associates get thousands of borrower review of Gustan Cho Associates, I like to give a testimonial on how it has been a Godsend working for Gustan Cho Associates. I feel that sharing this with you will be clear and undeniable proof of not only Gustan’s character but the type of leader he truly is. When I decided to move my family from upstate New York to Las Vegas in May of 2022, I knew that starting a new career was inevitable.
I have 20 years of finance and general management experience within the automotive industry, but the instability of the current market made me decide on a career change. The vast majority of my experience was as a General Manager of a Multi Franchise Auto Group. I pride myself on being a leader, someone who will not ask an employee to do something that I could not do myself, as well as building camaraderie and unity amongst my staff.
Upon choosing to venture into the world of Mortgages, I started to research the process of becoming licensed as well as places that I felt would be a good fit for me to work at. I reached out to Gustan Cho in May, and explained that I was not licensed yet but explained my intentions. Instead of deterring me he openly offered for us to remain in contact throughout my licensing process.
My family moved to Las Vegas August 1st 2022. I immediately registered for my test and thought it was a good time to reach back out to Gustan Cho. Knowing that the licensing process could take months in Nevada, he still took the time to offer any guidance and advice to help prepare me for the exam. I passed the test and was ready to apply for my license. Before I applied, Gus wanted to make sure that I made the best decision for my family.
Gustan Cho lives by the motto “ I’m not going to tell you what to do and if you have 1 percent doubt, I want you to look elsewhere”. He went one step further and arranged a meeting with another company here in Las Vegas to ensure I do my due diligence. Never once did he try to “sell” me. He truly cared about the well being of me and my family. After the meeting he set up for me, and also talking to other Mortgage professionals, one thing was clear.
There was no one I’d rather work for than Gustan Cho of Gustan Cho Associates. When I called Gustan Cho to give him my position, he felt it necessary to confirm and make sure I had no doubts. He then went above and beyond to help me through the licensing process and I was on my way to being part of GCA. I could write a Novel about Gus and my relationship with him. But in short I will sum it up. Gus is not only a Branch Manager, Team Leader, and Friend- Gus has become part of my family!
The relationship we built both professionally and personally will go on forever. How many employers will pick up an employee’s son at a train station and entertain him for 6 hours? I know one Gustan Cho. Everything that Gus has promised to my family has come to fruition and he is a true man of his word.
Gustan Cho prides himself on his name and character. Wealth can be defined in a multitude of ways, but “character is power; it makes friends, draws patronage and support and opens the way to wealth, honor and happiness”. That quote could not exemplify Gus any better. In conclusion I fully believe that there is NO better leader than Gustan Cho, and I consider my family and I blessed to have Gus in our lives. With the utmost respect and honor.
Stress During Mortgage Process
The mortgage process does not have to be stressful. Most loans at Gustan Cho Associates close in 21 days or less. Below is our streamlined mortgage process at Gustan Cho Associates. The mortgage process can be extremely stressful, but it does not have to be. Mortgage Loan Applicants can see this by reading the Borrower Review of Gustan Cho. Choosing a loan officer to get along with is one of the most important decisions in the home-buying process. Borrowers need to get along with their loan officers, and loan officers need to be available at all times, including evenings, weekends, and holidays.
Why Choose Gustan Cho Associates
All the loan officers at Gustan Cho Associates must be available seven days a week, evenings, weekends, and holidays to answer any calls by their borrowers. Mortgage loan officers need to understand that borrowers depend on them. It is not much to ask to ensure that you return their phone calls or email messages and answer any questions they may have. I launched our website, Gustan Cho Associates, www.gustancho.com, ten years ago.
Thousands of Positive Borrower Review of Gustan Cho Associates
The purpose was to use it as a national mortgage and real estate informational center for all of my viewer’s borrowers and real estate professionals. Our viewers have access to public information that may help them make the right choices in choosing the best mortgage loan programs. Extremely grateful for the countless Borrower Review of Gustan Cho Associates. Viewers of Gustan Cho Associates should not feel obligated that they need to use our team of loan officers or me when they call us.
Staff at Gustan Cho Associates
We have thousands of positive borrower reviews of Gustan Cho Associates from all sections of the nation. Our staff is trained to offer information and option to any of our viewers and should not be under any obligation to go with us as their lender. Home Buyers who have any questions on any loan program, please do not hesitate to contact us at 800-900-8569 or text us for a faster response at 262-716-8151, Or email us at firstname.lastname@example.org. The team is available evenings, weekends, and holidays seven days a week.
June 4, 2023 - 13 min read