Realtors Mortgage Marketing Package For Home Buyers
This Realtors Mortgage Marketing Package Was Prepared For Real Estate Agents and Mortgage Borrowers
This BLOG Was PUBLISHED On July 17th, 2019
Home Buyers rely on their real estate agents for advice and one of the most important roles of a realtor is to give their homebuyers a referral on a loan officer.
- Giving the wrong loan officer referral partner as a real estate agent can be damaging to their reputation and can possibly cost them a closing
- Just being able to work with a loan officer is not enough
- The loan officer needs to be able to perform
- Not just be able to close the home loan but needs to close the home loan on time
- This Realtors Mortgage Marketing Package For Home Buyers was created to educate real estate professionals on the basics of mortgage lending
- Not all borrowers can qualify with a particular lender
- Most lenders have overlays
- Lender overlays are additional lending requirements that are imposed by the lender that is above and beyond the minimum mortgage agency guidelines of HUD, VA, USDA, FANNIE MAE/FREDDIE MAC
- Not all home buyers have 800 FICO credit scores, 40% debt to income ratios, and perfect payment history
- Most homebuyers do have credit and income flaws and choosing the right lender is key
In this blog, we will discuss helping our real estate partners with Realtors Mortgage Marketing Package For Home Buyers.
National Reputation Of Gustan Cho Associates
Just because a borrower may meet FHA Guidelines or Fannie/Freddie Guidelines does not mean that they can qualify for an FHA or Conventional Loan with a particular lender.
- The good news is that there are mortgage lenders like Gustan Cho Associates
- As long as borrower meet the bare minimum Agency Mortgage Guidelines, the loan can be done and closed
Gustan Cho Associates at Loan Cabin Inc. is a national full eagle mortgage banking firm headquartered in Lombard, Illinois and licensed in multiple state. Gustan Cho Associates Mortgage Group has a national reputation for having no lender overlays on FHA, VA, USDA, and FANNIE/FREDDIE mortgage loans.
Who Comes To Gustan Cho Associates Mortgage Group
Over 75% of our borrowers are folks who either have been denied at the last minute or could not qualify for a mortgage loan with another lender:
- They could not qualify at other lenders either because of that lender overlays and/or because the loan officer did not properly pre-approve the borrower
- A substantial percentage of our business is from hard-working professional realtors who call us on their client’s behalf due to the major hurdles their home buyer is dealing with their current lender
- Since The Gustan Cho Team @ Loan Cabin gets countless of daily calls from both home buyers and realtors, we have decided to create this Realtors Mortgage Marketing Package For Home Buyers
- The Realtors Mortgage Marketing Package For Home Buyers is a comprehensive easy to understand guide on the basics in qualifying for a mortgage loan
All of the information listed on this Realtors Mortgage Marketing Package For Home Buyers are facts. If you meet the mortgage guidelines listed on this Realtors Mortgage Marketing Package For Home Buyers, you can get approved for a mortgage loan at Gustan Cho Associates.
Typical Borrowers At Gustan Cho Associates
Here Are Some Of The Most Common Case Scenarios Of Borrowers Who Come To Us:
- The borrower went to their local bank and was told that they do not qualify for an FHA loan because they do not have a 640 credit score
- The borrower went to their local bank and was told that they do not qualify for an FHA Loan because their DTI is over 45% DTI
- The borrower went to their local bank and was told they do not qualify for an FHA Loan because they have outstanding collection accounts
- They were told they need to not just have them paid off but need to have all collections accounts that were paid off be seasoned for at least 2 years
- The borrower went to their local bank and was told that they do not qualify for a mortgage loan because they had one late payment in the past 12 months
- The borrower went to their local bank and was told that they do not qualify for a mortgage loan because they had an overdraft in the past 12 months
- The borrower went to their local bank and was told that they do not qualify for a loan because they had lates after bankruptcy and foreclosure
- The borrower went to their local bank and was told they do not qualify for a loan because they had gaps in employment in the past 2 years
- The borrower went to their local bank and was told they do not qualify for a mortgage they just had a Chapter 13 Bankruptcy discharge
- The borrower went to their local bank and was told they do not qualify for a mortgage because they had a loan modification
Problem Solving Experience At Gustan Cho Associates
Solutions To The Above Case Scenarios With Gustan Cho Associates:
- Minimum credit scores to qualify for FHA Loan with us is 580 FICO
- Maximum debt to income ratio cap with us is 56.9% DTI if your credit scores are at least 620 FICO
- If under 620 FICO, then DTI cap is 43% to get an approve/eligible per automated underwriting system (AUS)
- Outstanding collection accounts and charge off accounts do not have to be paid
- HUD exempts medical collections and charged-off accounts from DTI calculations
- However, 5% of the outstanding balance on non-medical collection accounts will be used as a borrower’s monthly debt in the calculations of the borrower’s debt to income ratios
- This holds true even though nothing needs to be paid to the creditor
- Late payments in the past 12 months or after bankruptcy and/or foreclosure is allowed if you get an approve/eligible per Automated Underwriting System
- Manual Underwriting is available if you get referred/eligible per AUS
- Overdrafts are allowed if a good letter of explanation and are not deal killers like other lenders.
- Late payments in the past 12 months and late payments after bankruptcy and/or foreclosure is permitted as long as it passes the automated underwriting system
- Gaps in employment is not a problem in the past 24 months
- If the gap in employment is less than six months, then 30 days of paycheck stubs are required from current employer to close on a home loan
- If a borrower has had longer than 6 months with a gap of employment, then six months seasoning on a new job is required.
- Borrowers can qualify for an FHA Loan after one year into a Chapter 13 Bankruptcy Repayment plan with the approval of the Chapter 13 Bankruptcy trustee
- There is no waiting period after a Chapter 13 Bankruptcy discharged date but needs to be manual underwrite if a borrower does not have two years seasoning after Chapter 13 Bankruptcy discharge
- Most lenders will require a two-year waiting period after a Chapter 13 Bankruptcy discharge
- Gustan Cho Associates does not have any waiting period after Chapter 13 Bankruptcy discharged date
- There is a one-year waiting period to qualify for an FHA Loan after a loan modification
Services Provided By Gustan Cho Associates Mortgage Group
Gustan Cho Associates has its own marketing department headed by Martyna Szettel to offer full marketing support to all preferred realtor partners and co-brand our dual relationship. We will keep on updating the Realtors Mortgage Marketing Package For Home Buyers
- Under the direction of Martyna Szettel and her marketing staff, Gustan Cho Associates will offer website design services, SEO services, mailers, email marketing campaigns, webinars, and training materials and meetings on mortgage loan products that are offered by Gustan Cho Associates Mortgage Group
- Over 75% of the borrowers of Gustan Cho Associates are folks who either got a last-minute mortgage loan denial by other lenders or could not qualify due to their lender overlays
- This Mortgage Guide on Realtors Marketing Package For Home Buyers was created for real estate professionals as a resource informational guide so real estate agents can educate themselves on the latest mortgage guidelines
How Martyna Szettel Will Update Realtors Mortgage Marketing Package For Home Buyers
Gustan Cho Associates offer the following services to our preferred realtor partners nationwide:
- We are available 7 days a week, evening, and holidays and all calls are returned promptly
- Call or text Gustan Cho Associates at 262-716-8151 or email us at firstname.lastname@example.org
- Mortgage borrowers can apply online, 24/7 by going to www.gustancho.com and clicking the APPLY NOW icon on the top right category section
- Pre-approvals are issued 7 days per week
- Once borrower applies online, I run a credit check and can submit credit profile to our Automated Underwriting System for an automated Fannie Mae approval
- The pre-approval process is very thorough and all pre-approvals will close
- 75% of our borrowers are folks who gotten last-minute mortgage loan denials due to the lender overlays or due to not being pre-approved correctly by previous lenders. We close 100% of all of our pre-approvals
Realtors Mortgage Marketing Package For Home Buyers On Loan Programs
There are various mortgage loan programs for home buyers.
- Just because a lender is an FHA Lender does not mean that they all have the same FHA Loan Requirements
- An FHA borrower who does not qualify with one Lender does not mean that they cannot qualify with another lender
- Gustan Cho Associates is unique compared to other lenders due to the fact we do not have any FHA Lender Overlays
- We will go off just the automated findings of the Automated Underwriting System, or AUS
- As long as the borrower has an approve/eligible per AUS FINDINGS and the borrower can meet all the conditions of the automated findings, the borrower can rest assured that their FHA Loan will close
Lender Overlays Versus Agency Mortgage Guidelines
FHA Lender Overlays are additional requirements that are set by each individual FHA Lender that are in addition to the minimum FHA Guidelines that are set by HUD 4000.1 FHA Handbook .
- For example, HUD requires a minimum credit score of 580 FICO for a home buyer to qualify for a 3.5% down payment FHA loan
- However, a home buyer with a 580 credit score who goes to their local bank to apply for an FHA Loan and get a pre-approval letter will get turned down by the bank because they do not meet the bank’s minimum credit score requirement of 640 FICO
Typical Lender Overlays
Most banks do not accept anyone to qualify for an FHA Loan who does not have a 640 credit score:
- This holds true even though the borrower meets the minimum 580 FICO credit score required by FHA
- This is because the bank has their own FHA requirements on credit scores, which is called an FHA Lender Overlay On Credit Scores
- Lenders do not have to abide by the minimum requirements that HUD has set
- Same with collection accounts and charge off accounts
- HUD does not require borrowers to pay off outstanding collection accounts and/or charge off accounts
- However, most mortgage companies may require that the borrower pay off all of their collection accounts and/or charge off accounts
- Or some may have a maximum collection account limit in order for them to qualify with their lending institution
Gustan Cho Associates does not have any lender overlays on FHA Loans. This is why The Gustan Cho Team @ Loan Cabin has a national reputation on being the number one FHA Lender with no FHA Lender Overlays.
FHA Loans With No Lender Overlays
What Are FHA Lender Overlays?
Most mortgage lenders will have FHA Lender Overlays on FHA Loans they offer.
- A lender overlay is when a particular lender will have additional standards and requirements that are above and beyond the minimum FHA Guidelines
- The best way to explain what a lender overlay it will be by taking a case scenario example
- HUD requires that the minimum credit score required to qualify for a 3.5% down payment FHA Loan is 580 credit score
- However, if you have a 580 credit score and where to go to any local bank and ask to get pre-approved for an FHA Loan, the loan officer will tell you that you do not qualify for an FHA Loan
- This is because your credit score is not 640 FICO
- Why can you not qualify for an FHA loan at Bank of America or Chase Bank with a 580 credit score when HUD says you meet the minimum credit score requirement
- Why is Bank of America and Chase Bank requiring a 640 credit score and denying you from getting an FHA Loan?
- The reason is that Bank of America and Chase Bank has its own FHA requirement on credit scores which is higher than the minimum required by these banks
- These additional requirements are called FHA Lender Overlays on credit scores
This is perfectly legal and a lender does not have to honor the minimum requirements imposed by FHA and can request higher standards and requirements than those set by FHA.
Collections And Charged-Off Accounts Mortgage Guidelines
Other common case scenarios of Lender Overlays are overlays on collection accounts and charge offs.
- HUD does not require you to pay off outstanding collections and charge off accounts for you to qualify for an FHA Loan
- However, most banks and lenders will require you to pay off outstanding collection accounts and charge off accounts
- Some may even require you to have the paid off collection accounts and charge off accounts be seasoned for at least two years before they will approve you for an FHA Loan
DTI Agency Mortgage Guidelines Versus Lender Overlays
Debt to income ratio overlays is very common by most lenders.
- HUD allows up to a 56.9% DTI on borrowers who have at least a 620 credit score
- However, most lenders will cap the debt to income ratios at 45% DTI
- Some lenders may let you go up to 50% DTI
- Gustan Cho Associates at Loan Cain Inc. does not have any FHA Lender Overlays
- As long as a borrower meets the minimum FHA Loan Requirements and can get an approve/eligible per Automated Underwriting System and the borrower can meet the conditions on the automated approval, the loan will close
Minimum FHA Lending Guidelines
Here Are The Minimum FHA Loan Requirements:
- 3.5% down payment on FHA loans over 580 credit scores with no lender overlays
- Debt to income ratios up to 56.9% DTI for borrowers with at least a 620 FICO credit score
- Borrowers with under 620 FICO credit scores debt to income ratios are capped at 43% DTI
- Non -occupied co-borrowers are allowed on FHA Loans
- The non-occupant co-borrowers need to be related to borrowers by law, blood, marriage
- Up to 6% sellers concession allowed
- Sellers concessions can be used to cover all closing costs which includes pre-paid (two month’s escrow for homeowners insurance and property taxes), one year homeowners insurance premium, title charges, recording fees, points to buy down rate, upfront FHA mortgage insurance premium, appraisal fees, home inspection fees, attorney fees, origination fees, and other fees and costs associated with the closing of the home purchase and/or refinance mortgage
- HUD does not require borrowers to pay off outstanding collection accounts and/or charge off accounts
- Medical collection accounts and charge off accounts are exempt from debt to income calculations
- Non-medical collection accounts do count in calculations of debt to income ratios only if the total sum of all the outstanding unpaid non-medical collection accounts is greater than $2,000
- If the total sum of the outstanding unpaid collection account balance is greater than $2,000, then HUD requires that 5% of the unpaid outstanding non-medical collection account balance be taken into account as the borrower’s monthly debt and be used in the calculations of the borrower’s debt to income ratios
- This holds true even though the borrower does not have to pay for it
Judgments And Tax Liens
Borrowers can qualify for FHA Loans with outstanding judgments and tax liens only if the judgment and/or tax lien will be paid off in full prior to and/or at closing.
- If the borrower cannot pay off the judgment and/or tax lien in full, HUD will allow for the borrower to enter into a written payment agreement
- As long as the borrower has made at least three monthly payments which are agreed upon the written payment agreement, the borrower can qualify
- The borrower needs to have made at least three months of payments and provide proof of three month’s canceled checks and/or bank statements
- A borrower cannot enter into a written payment agreement and pay the three months of payments upfront
They need to wait thirty days between each payment.
- 100% gifted funds are allowed by family members to be used for the down payment of the borrower’s home purchase
- However, the donor of the gift funds must sign and attest that the gift funds is solely a gift and not a loan
- The donor needs to provide 30 days bank statements showing that the gift funds have been seasoned and the funds leaving the donor’s account into the home buyer’s bank account needs to be provided
HUD Guidelines To Qualify For FHA Loans After Loan Modification
FHA LOAN AFTER LOAN MODIFICATION: Home Buyers can qualify for an FHA Loan one year after a Loan Modification. No late payments are permitted after a loan modification.
- You can purchase a one to a four-unit property with an FHA loan with 3.5% down payment
- Two to Four unit properties can be purchased with an FHA Loan and 3.5% down payment is required
- 85% of the potential rental can be used on the rental units as long as the appraisal can note the potential market rental value on the appraisal
- The potential rental income can be used as qualified income in calculating the borrowers’ debt to income ratios to qualify for a 2 to 4 unit property
FHA Loans After Bankruptcy And Foreclosure
Home Buyers can now qualify for an FHA Loan after bankruptcy and foreclosure after mandatory waiting periods. Here are the requirements to qualify for an FHA Loan after a bankruptcy, foreclosure, deed in lieu of foreclosure, and/or short sale:
- The two-year waiting period to qualify for an FHA Loan after a Chapter 7 Bankruptcy discharged date
- A home buyer can qualify for an FHA Loan one year into a Chapter 13 Bankruptcy Repayment Plan with the approval of the Chapter 13 Bankruptcy Trustee
- This holds true as long as they can provide 12 months of timely payment on all of their bills and repayment to their creditors
- There is no waiting period to qualify for an FHA Loan after a Chapter 7 Bankruptcy discharged date
- However, if the Chapter 13 Bankruptcy has been discharged for less than two years, it needs to be downgraded to a manual underwrite
- All manual underwrites require rental verification
- Rental Verification, also called Verification Of Rent or VOR, is when the renter can provide 12 months timely payment to their landlord with either canceled checks and/or bank statements
- If a renter has rented their apartment or home from a registered property management company, then a VOR completed and signed by the property management company manager stating that the renter has paid their rental payments on time for the past 12 months, then the 12 months canceled checks and/or bank statement requirement is waived
- There is a three-year waiting period to qualify for an FHA Loan after the recorded date of a foreclosure and/or deed of foreclosure
- The waiting period start date does not begin until the date of the sheriff’s sale and/or the date that the deed of the property has been transferred out of the name of the homeowner into the name of the lender and/or someone else’s name
- There is a three-year mandatory waiting period to qualify for an FHA Loan after a short sale
- The three-year waiting period starts from the date of the short sale that is reflected on the HUD-1 Settlement Statement
- There is no mandatory waiting period to qualify for an FHA Loan after a short sale if the borrower was timely on all of his or her mortgage payments up to date of the short sale
- This type of case scenario is rare
- This is because most lenders will require that the homeowner be late on their mortgage payment before they will approve a short sale
- I have seen a few cases where a homeowner who had a short sale was current and up to date with their mortgage payment up to the date of their short sale
- Those folks did not have a mandatory waiting period to qualify for an FHA Loan after their short sale
Qualifying For FHA Loan If You Have Mortgage Part Of Bankruptcy
Many folks who had a Chapter 7 Bankruptcy have included their mortgage as part of their Chapter 7 Bankruptcy.
- There are mandatory waiting periods after both the Bankruptcy and Foreclosure to qualify for an FHA Loan
- If you had a mortgage as part of your Chapter 7 Bankruptcy, there is a three year mandatory waiting period from the recorded date of your foreclosure to qualify for an FHA Loan
- When someone files Chapter 7 Bankruptcy and has their home loan as part of their Chapter 7 Bankruptcy, their mortgage balance is discharged
- They are no longer liable for their mortgage debt
- However, the lender of the mortgage loan still needs to foreclose and that takes time after the discharge date of the Chapter 7 Bankruptcy
- The three-year waiting period does not begin until the deed of the property has been transferred out of the name of the mortgage note holder whether it was through as sheriff’s sale, short sale, or regular foreclosure
- This is not the case with Conventional Loans
- There is a four-year waiting period to qualify for a Conventional Loan from the discharged date of your Chapter 7 Bankruptcy if you have a mortgage part of your Chapter 7 Bankruptcy
- This holds true even if the foreclosure was not recorded until at a much later date
We will cover this topic more in-depth when I discuss Conventional Mortgage Requirements.
Conventional Loan Programs At Gustan Cho Associates Mortgage Group
Fannie Mae and Freddie Mac are the two mortgage giants in the United States that set the mortgage lending guidelines for Conventional Loans.
- Conventional Loans are different than FHA Loans because they are not insured by any government entities such as FHA, VA, USDA against the borrower defaulting on their home loans
- Conventional Loans are also called Conforming Loans
- This is because they need to conform to Fannie Mae and/or Freddie Mac lending requirements
- Lenders who originate and fund Conventional Loans need to make sure the Loans they originate, process, underwrite and fund conform to Fannie Mae/Freddie Mac standards
- This because if they do not, they cannot sell the Conventional Loan to Fannie/Freddie
- They will be stuck holding the loan in house, which lenders do not want to do
- Conventional Loans require private mortgage insurance on all borrowers who have less than 20% down payment
- Conventional Loans have much higher standards than FHA Loans with regards to credit score requirements, debt to income ratio standards, and waiting periods after bankruptcy and foreclosure
- Gustan Cho Associates at Loan Cabin Inc. is a national mortgage banking firm that has a national reputation in originating and funding Conventional mortgage loans with no lender overlays
As long as a borrower can get an approve/eligible per Automated Underwriting System, Gustan Cho Associates Mortgage Group will close the loan as long as the borrower can meet the conditions from the automated findings.
Conventional Loan Requirements
There are times where a home buyer needs to go with a Conventional Loan instead of an FHA Loan. Second homes, investment homes, and Condos that are not FHA approved can only be financed with Conventional Loans.
Here is the Conventional Loan Matrix at Gustan Cho Associates:
- Minimum credit score requirements to get an approve/eligible per automated findings on Conventional Loans is 620 FICO
- There are 3% down payment and 5% down payment Conventional Loan Programs for owner occupant primary home buyers
- Sellers can contribute up to 3% sellers concession for a primary owner occupant and second home Conventional Loan home buyer
- 2% sellers concession for an investment home Conventional Loan home buyer
- Minimum down payment requirements for second home financing with a Conventional Loan is 10% down payment
- Investment homes require 20% down payment. 15% down payment is allowed on investment property Conventional Loan financing on a single-family home
- 2 to 4 unit properties require larger down payments and reserves
- Contact Gustan Cho Associates at 262-716-8151 or text for faster response or email us at email@example.com for more details
- Borrowers who had a Chapter 7 Bankruptcy can qualify for a Conventional Loan four years after a Chapter 7 Bankruptcy discharged date
- There is a two-year waiting period to qualify for a Conventional Loan after a Chapter 13 Bankruptcy discharged date
- There is a four-year waiting period to qualify for a Conventional Loan after a short sale and/or deed in lieu of foreclosure
- The waiting period start clock begins from the date of the short sale which is reflected in the HUD Settlement Statement
- The waiting period start clock starts from the recorded date of the deed in lieu of foreclosure and not the day the homeowner has turned their keys into the bank
- There is a seven-year waiting period after a foreclosure to qualify for a Conventional Loan
- The seven-year start clock begins from the recorded date of foreclosure.
- The maximum debt to income ratio allowed to get an approve/eligible per automated underwriting system approval is 50% DTI
- There is a four-year waiting period to qualify for a Conventional Loan after a loan modification.
- If you are purchasing a two-unit owner occupant property with a Conventional Loan, 15% down payment is required and 75% of the potential rental income of the non-occupying unit can be used as qualified income and be used to offset the borrower’s debt to income ratios
Mortgage Part Of Bankruptcy: Conventional Loans
There are times where a borrower will qualify for a Conventional Loan but not for an FHA Loan.
- This is the case where if a mortgage borrower had a prior Chapter 7 Bankruptcy and had a mortgage as part of their Chapter 7 Bankruptcy, the waiting period to qualify for a Conventional Loan is four years from the discharged date of their Chapter 7 Bankruptcy
- This holds true even though their foreclosure was recorded at a later date
- To qualify for an FHA loan when you have a mortgage part of your Chapter 7 Bankruptcy, there is a three year waiting period from the recorded date of your foreclosure whereas with a Conventional Loan, the foreclosure recorded date does not matter and all you need to do is pass a four year waiting period after the discharged date of your Chapter 7 Bankruptcy
The foreclosure can be recorded four years after the discharge date of your bankruptcy and you would still qualify as long as the four-year waiting period has passed from the discharged date of your Chapter 7 Bankruptcy.
Home Path Loans
UPDATE ON HOMEPATH MORTGAGE LOANS:
- Fannie Mae has discontinued the HomePath Mortgage Loan Program in 2014
- HomePath homes are still available
- However, the HomePath Loan Program has been discontinued
- Both the regular HomePath Loan Program and the HomePath Renovation Mortgage Loan Program has been discontinued
- If you need an acquisition and renovation loan, the FHA 203k Loan Program is the mortgage loan program that is most popular today
VA Loans is the best mortgage loan program available today
- However, VA Loans is only limited to home buyers who are veterans of the U.S. Armed Services with a Certificate Of Eligibility, COE
- VA Loans do not require any down payment, no annual mortgage insurance premium required, and mortgage rates on VA loans are one of the lowest out of all mortgage loan programs
Gustan Cho Associates are VA approved lenders with no lender overlays and as long as you can get an approve/eligible per AUS FINDINGS, we can close on your VA LOAN.
- 100% financing with no down payment required
- VA Funding Fee can be rolled into the VA Loan
- 580 FICO minimum credit scores
- VA borrowers can qualify for a VA Loan with outstanding collections, charge offs, late payments, and other prior credit bad credit
- 2 year waiting period after bankruptcy, foreclosure, deed in lieu of foreclosure, and short sale.
- 100% LTV cash-out refinance
FHA 203K Rehab Loans
Gustan Cho Associates offers FHA 203k Rehab Loans which are an acquisition and construction loan all in one loan program and one closing.
- FHA 203k Loans are an excellent loan program for homebuyers who want to purchase fixer-uppers or want to purchase a home a do a total gut rehab and major room additions
- FHA 203k Loans only require 3.5% down payment of the after improved value
- There is no construction limit as long as the property appraises out after the improvement have been made
There are two types of FHA 203k Loans:
- FHA 203k Streamline Loans:
- The maximum construction limit with an FHA 203k Streamline Loan is $35,000
- There cannot be any structural changes or alterations such as room additions
- You can do any type of remodelings such as the basement, attic remodeling, new siding, new windows, new roof, new millwork, kitchens, bathrooms, flooring, appliances, and other remodeling projects
- You cannot do any luxury add ons such as outdoor kitchens, swimming pools, and tennis courts
- Full Standard FHA 203k Loans:
- There are no construction budget caps with a Full Standard FHA 203k Loan and you can do structural changes and do room additions too
- The maximum loan amount will be the maximum loan limit per county limits
Other Loan Programs
Gustan Cho Associates offers Non-QM Loans, USDA Loans, and Jumbo Mortgages.
- Please contact us for more information on Non-QM Loans, USDA Loans, and Jumbo Mortgages
- Gustan Cho Associates offers other non-traditional mortgage loan program
- But these non-conforming niche loan programs change from time to time
- Contact our offices at 262-716-8151 or text us for faster response
- Or email us at firstname.lastname@example.org if you are interested in a niche loan product or are interested in a particular home buyer assistance program in a particular county and/or state
In Conclusion To Our Preferred Realtor Partners
I have been in the real estate business for over 25 years as a real estate developer and investor and have been on both ends of ending, as a borrower and loan originator.
- I have owned, managed, and operated over 3,000 residential units at the same time and have purchased and sold hundreds of single-family homes throughout my real estate career
- I have dealt with hundreds of mortgage lenders and know what it feels to be on the other side as a client
- Past bad experiences I have had as a mortgage loan client include getting false promises, getting shuffled to assistants, not getting my deals closed on time, not getting return phone calls, and not being able to get a hold of my loan officer after hours and weekends
- The mortgage business is undergoing many changes with new rules and regulations and it is hard work
- Many parts of the mortgage business do not make sense and often confusing
- The business really stinks but the rewarding part of this business is helping those borrowers that really need help
- I promise you that my staff and I will always be available and will do our very best not to disappoint you in any manner or form and make you look like a rock star with your clients
Gustan Cho Associates also has a full-service SEO/MARKETING/IT Department headed by Area Marketing Manager Martyna Szettel. We are always looking to partner and co-brand with realtor partners. If you are a realtor whose mission is to help home buyers and are looking to working with us to make the dream of homeownership a reality to home buyers, please contact us so we can start working together.
Thank you for the opportunity to take the time to read this mortgage guide for realtors and the services and loan products Gustan Cho Associates has to offer and hope we can work together for many years to come. Visit us at www.gustancho.com . Contact us at 262-716-8151 or text us for faster response. Or email us at email@example.com. You can also visit us and subscribe to our daily free newsletter at www.gustancho.com.
This BLOG On Realtors Mortgage Marketing Package For Home Buyers Was UPDATED And Published On July 17th, 2019