Gustan Cho Associates like to thank and wish all of our clients, viewers, and partners a very Merry Christmas from Gustan Cho Associates Mortgage Group. The Team at Gustan Cho Associates had a record-breaking 2021 and is looking forward to a spectacular 2022. We have added very talented licensed and support personnel to our growing team this year. Gustan Cho Associates has partnered with Nexa Mortgage and is now licensed in 48 states and has over 160 wholesale lending partners. For 2022, we have added informational videos to our blogs and will aggressively add more daily videos in the coming weeks and months.
Merry Christmas From Gustan Cho Associates Mortgage: One-Stop Mortgage Shop
We have also launched many alternative financing mortgage programs and investors to our list of available loan products. Asset depletion mortgages, no-doc mortgages, 90% LTV jumbo mortgages, Non-QM Jumbo Loans with credit scores down to 500 FICO, fix and flips, and 12 months bank statement mortgage loans are some of our newer popular mortgage programs. We have no lender overlays on FHA, VA, USDA, and Conventional loans.
Merry Christmas From Gustan Cho Associates Mortgage: No Overlays On Government And Conventional Loans
We have the “No Lender Overlay” mortgage concept at Gustan Cho Associates. Over 75% of our borrowers at Gustan Cho Associates are folks who meet the minimum Agency Mortgage Guidelines but could not qualify at other lenders due to their lender overlays. At Gustan Cho Associates, we have no lender overlays. As long as our borrowers meet the minimum agency mortgage guidelines and can get an approve/eligible per automated underwriting system (AUS), they are on the road to a clear to close. We pride ourselves on having zero lender overlays on government and conforming loans. By no overlays, we mean zero overlays.
Typical Case Scenarios Gustan Cho Associates Mortgage Group Closes
Many mortgage borrowers do not realize that a team like Gustan Cho Associates exists. We are not magicians but take pride in helping homebuyers realize the dream of homeownership becoming a reality.
Here are typical case scenarios the loan officers at Gustan Cho Associates closed recently:
- 500 FICO VA loan with 65% debt to income ratios
- Borrowers can get approved for FHA and/or VA loans in an active Chapter 13 Bankruptcy repayment plan
- The Chapter 13 Bankruptcy does not have to be discharged
- There is no waiting period requirements after Chapter 13 Bankruptcy discharged date
- FHA Loan two years into the Chapter 13 repayment plan with two late payments
- Two recent late payments in the past 24 months on a VA manual underwriting
- FHA loan with 46.9% front-end and 56.9% back-end debt to income ratio
- 10% down payment FHA loan with a 500 credit score
- Non-QM loan one year after a foreclosure with recent mortgage late payments
- $1,000,000 Non-QM Jumbo Mortgage with a 589 FICO
- 12 month’s bank statement loan program for self-employed borrowers with no income tax required
- No-doc mortgages
- Doctor’s mortgage loan program
- No-doc mortgages
- Alternative mortgage loan program on owner-occupant, second homes, and investment properties
Merry Christmas To Our Borrowers, Viewers, and Pre-approved Clients
Our motto and goal are if there is a will, there is always a way. We are excited about what 2022 will bring for all of us. There have been many changes in mortgage agency guidelines. Both FHA and the FHFA have increased the loan limits on FHA and Conventional loans. The VA no longer has maximum VA loan limits on VA loans. Gustan Cho Associates Mortgage Group will be introducing many more alternative non-QM loan programs. We will be getting licensed in more states. The Team at Gustan Cho Associates would like to wish all of our viewers at Gustan Cho Associates News a very Happy and Safe Christmas and New Year!!! The team at Gustan Cho Associates is available 7 days a week, evenings, weekends, and holidays.
