New Mortgage Programs For Homebuyers and Investors

In this article, we will cover and discuss new mortgage programs for homebuyers and real estate investors. We have over 160 wholesale lending partners and hundreds of new mortgage programs for homebuyers and real estate investors.

Gustan Cho Associates had an amazing start to the New Year with new mortgage programs like no-doc loans, stated-income loans, DSCR, and hundreds of other new mortgage programs.

In this blog, we will summarize what strides we have made to make our mortgage process suit our borrower’s needs. We will also talk about our plans for the rest of the year and our future and our new mortgage programs. Hard to believe we are already halfway done with almost half the year.

One-Stop Mortgage Banking Center With 5-Star Service

We are right in the midst of the busy season at Gustan Cho Associates. Our support staff at Gustan Cho Associates is in full swing getting files from start to finish. We pride ourselves on being available seven days a week for our clients. Even on weekends, we are here to answer any questions you may have. Throughout the year,  Gustan Cho Associates have focused on adding new mortgage programs to our line-up.

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Adding New Mortgage Programs

Mortgage guidelines are always changing, and it is important to be up to date on these changes. New mortgage programs are constantly entering the market. Some of these new mortgage programs have already helped Gustan Cho Associates service more, clients. Our focus at the beginning of the year was to add down payment assistance options for our clients.

Down payment assistance is one of the most helpful mortgage programs on the market. This holds especially true for first-time homebuyers.

With the rising home values throughout the majority of the country, larger and larger down payments are needed to purchase a home. Down payment assistance can help bridge that gap and get you over the down payment hurdle. The American dream is still to own a home. We make that dream a reality for hundreds of families each year.

New Mortgage Programs Offered At Gustan Cho Associates

Below are just a few new mortgage programs we have added at Gustan Cho Associates:

CHENOA Down Payment Assistance (DPA) Mortgage Program

Chenoa allows a 3.5% down payment as a second mortgage or FHA Loans. This is a government-sponsored program that in theory gives you 100% mortgage financing for FHA mortgages. Please read our Blog on the CHENOA FUND for information! 

TSAHC DPA Mortgage Program

Texas is an amazing place to live. The people are taxes are great as well. We are excited to announce our participation in the Texas State Affordable Housing Corporation down payment assistance and mortgage credit certificates. This program offers a wide range of down payment assistance options for conventional, FHA, VA, and USDA mortgages. Please see our TSAHC BLOG for specifics.

2% Grant  Down Payment Assistance Mortgage Program

Depending on your credit qualifications, you may be able to receive a 2% grant for an FHA mortgage. This 2% is applied directly to the 3.5% required down payment, meaning you can purchase a house with a low down payment of 1.5%. The best part of this program is this is a forgivable grant, meaning you do not have to pay it back. Please read our 2% DOWN PAYMENT GRANT blog for more details.

Other New Mortgage Programs Launched at Gustan Cho Associates

Other new mortgage programs we have added: VA renovation loans: We have always offered FANNIE MAE HOMESTYLE and FHA 203 K mortgages. We are excited to announce we are now offering a renovation option for those who served our country. The VA renovation loan is an amazing product to make your home your dream home. Many veterans have chosen to use this loan product to renovate their current home. This renovation product can be used for a purchase transaction or a refinance. Please see our VA RENOVATION BLOG for more qualifications.

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New Mortgage Programs For First Responders And Veterans

Homes for Heroes For Veterans And First Responders Assistance Mortgages: Homes for Heroes is an amazing program we now participate in. This gives us an opportunity to give back to those who make our everyday life or reality. This program is designed for firefighters, EMS, law enforcement, military, healthcare professionals, teachers, and educators. When utilizing Homes for Heroes affiliate partners, new homeowners can save thousands on their real estate transaction. Please see our HOMES FOR HEROES BLOG for examples of how much our Heroes can save.

Fix And Flip New Mortgage Programs

Fix and Flip Investment Property Mortgage Loan Programs. Whether you are an experienced home flipper or looking to start your first project. Gustan Cho Associates now offer fix and flip mortgage loans. Since each Fix and Flip loan is different than the last, please reach out directly for more information. You make reach out to us at Gustan Cho Associates at 262-716-8151  or text us for a faster response.  Or send an email to gcho@gustancho.com.. Here is more information on our FIX AND FLIP MORTGAGE LOANS.

Our Plans For 2024 in Catering To Home Buyers And Homeowners With New Mortgage Programs

Our plan for the rest of the year is to be adding new mortgage programs. During the second half of the year, our goal is to hold the reputation of being a one-stop mortgage lending shop. Gustan Cho Associates is licensed in 48 states.  Thousands of Americans are having trouble qualifying for a mortgage because of additional LENDER OVERLAYS. We are a no overlay mortgage lender and would like to help more families in more States. Another goal for the future includes adding more loan officers to our team. While many mortgage companies are having layoffs, we are growing at a rapid pace. We hire highly skilled seasoned loan officers who are ready to help you. Talk to Our Loan Officer for Mortgage Loans

Promising Future For Us and Our Borrowers

The future is bright at Gustan Cho Associates. Whether you follow our site for mortgage news or are a first-time reader, we encourage you to reach out for additional mortgage information. Mike Gracz can be reached seven days a week at 262-716-8151 or text us for a faster response. You may also email us at gcho@gustancho.com for more information.

The mortgage business will always have changes, we will be up to date on those changes and offer you top-notch customer service. we work with many families for up to 12 months before they qualify for the home of their dreams.

If for some reason you do not qualify today, we will set up a custom financial plan to have you qualify as soon as possible.  Over 80% of our clients have received a last-second denial from their current mortgage company or are not happy with the customer service they are receiving. We encourage you to read our reviews, they are excellent. Whether you are trying to buy or refinance before the end of 2024 or any time after that, please reach out to us today!