Get Your Mortgage Quote in Minutes

How Do I Get Qualified and a Fast Quote for a Mortgage

Gustan Cho Associates has a national reputation for being able to do mortgage loans that other lenders cannot. After completing the official mortgage loan application, upload documents required for pre-approval, such as 30 days of paycheck stubs, two years of W2s, and 60 days of bank statements.

The final step to get pre-approved is to click the ORDER CREDIT REPORT link. Pay through the Smart Fee link and complete the form to order your tri-merger credit report.

You can access your tri-merger credit report by paying for your credit report through the Smart Fee link. Your loan officer will also have instant access to your credit report to be able to run your mortgage loan application through the automated underwriting system. I will send you a pre-approval letter if you get approved/eligible according to the automated underwriting system.

How Does Gustan Cho Associates Work? How Do I Get Qualified and a Fast Quote For a Mortgage?

Getting a mortgage is a highly competitive market. It may be very challenging, especially with credit hardships, inconsistencies in income streams, or being turned down in the past. Gustan Cho Associates helps over 80% of clients turned away by other mortgage companies. Gustan Cho Associates is licensed in 48 states, including the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our network of wholesale investors has no ”lender overlays” on government and conventional loans. Besides government and conventional loans, Gustan Cho Associates has a lending network of 280 financial institutions, with many non-QM and alternative financing niche wholesale lenders.

Gustan Cho Associates’ mission is to make the dream of homeownership a reality.

We have created and published this practical guide on fast quote to explain how to qualify rapidly, get a fast quote, and begin realizing your homeownership dream with Gustan Cho Associates. For pre-qualifications, fast no-overlay loans, and quick approvals, even for low FICO or bad credit, you may call 1-800-900-8569 or go to gustancho.com/fast-quote to get in touch with them.

Mortgage Qualification Basics

Unlike traditional lenders who rigidly follow overlays to assess borrowers, which makes them risk-averse, Gustan Cho Associates employs a borrower-first strategy and looks at the totality of a borrower’s financial situation. The team at Gustan Cho Associates specializes in mortgages with lower credit scores and non-QM loans. Gustan Cho Associates has a national reputation for working with clients with low and bad credit, recent bankruptcies, or self-employed borrowers.

Key Qualification Factors

One of the main reasons Gustan Cho Associates stands out is the flexibility they offer with lender criteria. Over 80% of our borrowers could not qualify at other mortgage companies.

Credit History and Scores:

Gustan Cho Associates is an expert in helping borrowers get mortgage loan approvals with credit scores down to 500. We follow the minimum agency guidelines of HUD, VA, USDA, Fannie Mae, and Freddie Mac. There are no other lender overlays.

Income Verification:

People under a W-2 can just as easily use their paycheck stubs and file taxes to provide the needed paperwork. Self-employed borrowers can just as easily use bank statements or a stated income to provide the needed income, and do not have to submit income tax returns.

Assets and Down Payment:

Other options available for clients include the FHA loan, which only requires 3.5% down payment, or USDA and VA loans, which have no down payment requirements.

Employment and Liabilities:

Don’t worry about having a few months of debt. Other available options include a co-signer or simply other, more lenient documents.

Over 80% of our clients could not qualify or got a last-minute mortgage loan denial from other lenders. There is no mortgage loan program that Gustan Cho Associates does not have. We have everything from all-in-one new construction loans, FHA 203k loans, FHA loans, VA loans, USDA loans, and every non-QM loan program you can think of.

Navigating Through Common Problems

Are you having difficulties with unemployment, erratic income, or poor credit? Gustan Cho Associates is the industry leader in solution-focused strategy. Self-employed borrowers gain from bank statement loans, while those with low credit scores and bad credit. With our no-overlay policy, you do not have to be concerned with any last-minute denials or stress during the mortgage process.

Getting a Mortgage Quote from Gustan Cho Associates

Real estate is a time-sensitive business, and Gustan Cho Associates meets the challenge and quotes in a few hours. Depending on the complexity, Gustan Cho Associates is never more than a day from saying we can approve a loan and, in the best case, a day if everything is ready. With the cooperation of borrowers and complete documentation, we can close any home loan within two weeks.

How to Close a Mortgage Loan in Two Weeks

Here’s the procedure for obtaining a mortgage quote with Gustan Associates if you are unsure of the steps.

The first step is to call 1-800-900-8569 and chat one-on-one with one of our mortgage loan originators.

Our loan officers normally respond within minutes of a fast quote inquiry or a voicemail message. The loan officer will answer all your questions and can start the pre-approval mortgage process within minutes.

The loan officer will send a secured link to an online mortgage loan application, which takes just a few minutes to complete and upload the necessary documents needed to get pre-approved.

Mortgage documents required to help speed up the pre-approval process include ID, social security card, pay stubs, two years of W2s, 60 days of bank statements, and other documents. A tri-merger credit will be pulled. If the borrower cooperates and has 30 minutes to one hour, you can get pre-approved and start shopping for a home.

Pre-Approval Letters

After the loan officer thoroughly reviews your credit, income, assets, and liabilities, you will be issued a pre-approval letter. Our pre-approval letters are issued only if and only if we can close your loan, and a last-minute mortgage loan denial is absolutely unacceptable. You are able to close your home loan, and you can bet you will close it on time.

Gustan Cho Associates has the states (licensed in 48 states, including DC, Puerto Rico, and the U.S. Virgin Islands), has the products (government and conventional loans, non-QM loans, and commercial loans), and the rates (the Lowest and most competitive rates than other lenders).

Fast Mortgage Pre-approval

Providing a pay slide, a two-month debt list, and a pair of bank statements speeds the process. Reaching out early is encouraged to avoid debts, and responsive actions to requests for documents are a must.

Why Gustan Cho Associates

As a DBA of NEXA Mortgage, an Illinois firm licensed under NMLS 1660690, Gustan Cho Associates uniquely combines local and international financing services. It includes but is not limited to: conventional loans and mortgages, SBA loans, construction loans, and special financing for police officers and firefighters.

SATISFIED CUSTOMERS

Our customers are rated with five stars on average and an A+ on the BBB, so our customers appreciate the outcome they receive.

Some of the loans they offer are physician and VA loans, which are specialized for veterans. One of the customers simplistically stated, “They approved my loan despite my credit history and applied for refinancing. Other companies denied me. They cleared to close in two weeks—unbelievably fast!

Frequently Asked Questions

What Credit Score Is Needed to Qualify?

• Gustan Cho Associates will approve you for a mortgage with a FICO score as low as 500 and no credit score through alternative methods.
• Non-traditional credit is available.
• Higher credits will score better rates.

How Fast Can I Get a Quote?

A reasonable time estimate to receive a personalized quote is within a few hours. Qualification is done instantly through telephone, and pre-approvals are often done on the same day.

Can I Qualify After Bankruptcy or Foreclosure?

Of course, Chapter 13 bankruptcy loans are available, and the FHA Back to Work program supports the recovery process and is often faster than other lenders. Surprisingly, other lenders tend to be quicker.

What Income Sources Are Accepted?

Verifiable income includes W-2s, 1099s, bank statements for the self-employed, and non-traditional sources of income, such as rental history, used for the DTI calculation.

Are Down Payment Assistance Programs Available?

Yes, there are down payment assistance programs through FHA that aid first-time home buyers to start with a down payment of 3.5%.

Is Gustan Cho Associates Licensed in My State?

They are licensed in 48 states, which do not include NY or MA, as well as D.C., Puerto Rico, and the U.S. Virgin Islands. This can be confirmed through gustancho.com.

If you are interested in this process, please get in touch with Gustan Cho Associates at 1-800-900-8569 or go to gustancho.com/fast-quote for a rapid mortgage quote. With this, your dream of owning a home can come true.