Contact Us At Loan Cabin Inc. dba Gustan Cho Associates
Contact Us At Gustan Cho Associates: America’s Favorite One-Stop Resource Site For Mortgage & Real Estate Questions & News
Over 75% of Gustan Cho Associates borrowers are folks who have gotten last-minute mortgage denials or those who were told that they do not qualify by lenders due to their lender overlays.
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.
Our loan officers will help each borrower with analyzing their credit and income profile and see what 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.
Minimum credit scores required to qualify for a 3.5% down payment home purchase FHA Loan is 580 Outstanding collection and charge-off accounts do not have to be paid.
No overlays on government and conventional loans.
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.
Contact Us If You Are A Real Estate Or Mortgage Professional
Professionals who are real estate agents, real estate attorneys, appraisers, home inspectors, mortgage professionals, or other real estate industry professionals and like to be one of our guest writers, contact us at Gustan Cho Associates Mortgage & Real Estate Information Resource Center.
Qualified real estate professionals will be invited to join our team of writers and publish articles for our growing nationwide Newsletter Subscribers and daily loyal fans and viewers.
Our Mission At Gustan Cho Associates
Our mission at Gustan Cho Associates is to create a one-stop real estate and mortgage informational website. Our mission is to help consumers 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 become a reality. However, 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 of real estate and mortgage experts are here to offer valuable advice to the public. 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.
Our writers are real estate and mortgage industry professionals who are experts in their field.
Contact Us If You Have Any Questions
Viewers of Gustan Cho Associates Mortgage & Real Estate Information Resource Center can email us at [email protected] or call/text us at 262-716-8151 with any questions. Requesting topic subjects to one of our expert real estate or mortgage professionals is appreciated and encouraged. We are always looking for new topics and/or case scenario subject matters. There is so much information with regards to mortgage lending guidelines that a large percentage of our viewers are mortgage professionals contacting us for advice. Please subscribe to our newsletter and become a member of our growing list of subscribers.
Mortgage Services Offered Through Loan Cabin Inc.
Comments: 8
Need help with VA Loan. Meet qualifications. Can’t submit application on phone
Please reach out to us with your contact information at [email protected] or call us at 262-716-8151. Text us for a faster response. What state are you in?
Have been approved for an fha loan and the child support has become an issue, there is no balance to show that it’s current and that the back amount was paid, I can’t seem to get any answers on obtaining a balance, with that being said, how do I prove I’m not behind so I can move forward on the house we are approved for and have the loan pending so we can close on it???
You would need to get paperwork from the courts stating that you are current.
What states are you licensed to lend in?
We are licensed in 23 states and are adding more states every quarter. What states are you in?
Looking at doing another VA loan. The lender I am currently working with has said that since I have accounts in collection status and don’t meet the credit score minimum for this I am not eligible for this. Your site says vets are eligible for this with accounts in collection status. Can you expand on this for me please.
Thank you
We have no lender overlays on VA loans. VA does not require a minimum credit score requirement and outstanding collections and charged-off accounts do not have to be paid to qualify for VA loans. Lenders like the lender you went to can have lender overlays. What this means is that lender can impose their own higher lending requirement such as requiring a higher credit score or having you pay off outstanding collections and charged-off accounts even though VA does not require it. This is why over 75% of our borrowers are folks just like yourself where they do not qualify at other lenders but they qualify with us. Please email us your contact information at [email protected] or call us at 262-716-8151. Or text us for a faster response. What state are you in? Looking forward to working with you and your family.