Over 75% of  Gustan Cho Associates, empowered by NEXA Mortgage, LLC NMLS 16660690, 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 or not having a mortgage loan product such as non-QM loans and/or alternative mortgage programs. Gustan Cho Associates (GCA Mortgage) 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 GCA Mortgage

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. 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 on government and conventional loans. Gustan Cho Associates will originate and close on FHA, VA, USDA, and conventional loans with zero lender overlays. GCA Mortgage has over 160 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 over 60%.

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. Gustan Cho Associates has the ability to broker non-QM and alternative mortgage loan programs with our 160 plus wholesale lenders we are associated with. We have 170-plus lending partnerships with non-QM wholesale lenders.

GCA Mortgage | 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 75% 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. GCA Mortgage 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. 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 state, loan products, at competitive rates.

Dealing With The Best of the Best Loan Officers

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

GCA Mortgage Group 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. 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.

GCA Mortgage Blogs and Newsletter

Our writers at Gustan Cho Associates are practicing mortgage and real estate experts. We do not hire content writers. All the information on our blogs is vetted and up-to-date information. We have thousands of fans which consist of consumers, and mortgage/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 If You Have Any Questions

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 262-716-8151. Text us for a faster response. Or email us at [email protected] Your phone calls/texts or emails will be returned promptly. The team at GCA Mortgage is available 7 days a week, on evenings, weekends, and holidays. 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.