In this article (Skip to…)
Contact Us At Loan Cabin Inc. dba Gustan Cho Associates
Contact Us At Gustan Cho Associates: America’s Favorite One-Stop Mortgage Shop
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. 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. 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. 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.
What Makes Gustan Cho Associates Unique And Special Than Other Lenders
Loan Cabin, Inc. dba Gustan Cho Associates NMLS 1657322 is a mortgage company licensed in multiple states with no lender overlays on government and conventional loans. GCA Mortgage is different than other lenders because we also have the ability to broker non-QM and alternative mortgage loan programs. We have dozens of lending partnerships with non-QM wholesale lenders. 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.
Our Mission At Gustan Cho Associates
Loan Cabin, Inc. dba Gustan Cho Associates NMLS 1657322 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, conventional loans and have the ability to broker alternative loan programs. Gustan Cho Associates is a mortgage banker, correspondent lender, and mortgage broker.
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. 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.
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.
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 are 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/text or emails will be returns promptly.
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.
Loan Cabin Inc. dba Gustan Cho Associates NMLS 1657322
Comments: 11
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.
Why do you not have a phone number listed?
Thank you for letting us know. It will be added. Our number is 262-716-8151 or text us for a faster response. Our email is [email protected]. Thank you again.
I am in bankruptcy. I really need to refinance my hone out of bankruptcy for the amount listed. It would be great if we could get another $25,000 for home repairs. My APR is over 10% and my mortgage company has not been flexible at all. I have been making on time payments even though I have had some health issues to deal with. I saw you on the Internet and now I hope that you can help.
The value of the house is above $300,000.