NON-QM Loans

Accelerated Buyer Mortgage Program Pre-Approvals

This Article Is About Accelerated Buyer Mortgage Program Pre-Approvals The Accelerated Buyer Mortgage Program is a special mortgage loan program where a home buyer can get a mortgage loan approval by a mortgage underwriter: The only thing that is missing is the property Sounds too good to be true? Well, the fact of the matter is that it is true Homebuyers and real estate agents alike are loving this new loan program Like the saying, "Potato, Po-tah-to, Tomato, To-mah-to, Let’s call the whole thing…

Non-Qualifying Mortgages And Alternative Financing Home Loans

This Article Is About Non-Qualifying Mortgages And Alternative Financing Home Loans Non-Qualifying Mortgages are often referred to as Non-QM loans. Non-Qualifying Mortgages are for borrowers who need alternative forms of home loan programs that do not conform to government and/or conventional loans Non-QM loans are not necessarily for borrowers with bad credit and/or income issues Many borrowers who have great credit and high credit scores may opt for non-QM mortgages There are many benefits of non-QM and…

NON-QM Jumbo Loans For Self Employed Borrowers

This Article Is About NON-QM Jumbo Loans For Self Employed Borrowers A Jumbo loan is often referred to as a non-conforming loan. Conventional loans are called conforming loans because they need to conform to FANNIE MAE or FREDDIE MAC mortgage lending guidelines\Home prices have been skyrocketing for the past five years Both the Federal Finance Housing Agency (FHFA) and HUD have been increasing the maximum conforming loan limit and FHA loan limit for the past five years The maximum conforming loan limits set by…

Self-Employed Borrowers Home Loans Mortgage Guidelines

This Article Is About Self-Employed Borrowers Home Loans Mortgage Guidelines Self Employed Borrowers Home Loans are becoming increasingly popular with the launch of our bank statement mortgage loan program for self-employed borrowers. Self Employed Borrowers Home Loans with no income tax returns is now available with no maximum loan limits and credit scores as low as 620 with our new bank statement loan program We will compare and contrast income doc versus bank statement loans for self-employed borrowers home…

Non-QM Versus Government And Conventional Mortgages

This Article Is About Non-QM Mortgages Versus Government And Government Mortgages If you are in the market for a mortgage loan, you may have realized it is hard to qualify if you have any derogatory items in the past. Many of our clients do not fit your everyday Fannie Mae, Freddie Mac, or FHA / VA mortgage guidelines The good news is Gustan Cho Associates have a full line of NON-QM mortgage products that may fit your needs This is a great time to buy a refinance of the property We specialize in unique…

New Mortgage Programs For Home Buyers And Real Estate Investors

This Article Is About New Mortgage Programs For Home Buyers And Real Estate Investors 2021 Roundup On New Mortgage Programs For Home Buyers And Real Estate Investors: Gustan Cho Associates had an amazing start to 2021 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 the calendar year of 2021

Bank Statement Loans For Self Employed Borrowers Mortgage Guidelines

This Article Is About Bank Statement Loans For Self Employed Borrowers Mortgage Guidelines Non-QM Loans and Bank Statement Loans are back. Gustan Cho Associates is a national mortgage company licensed in multiple states known for its no lender overlays on government and conventional loans as well as the dozens of non-QM loan programs we offer our borrowers.  Gustan Cho Associates has a national reputation for being a one-stop mortgage shop since we offer government and conventional loans as well as alternative financing…

NON-QM Loans And Guidelines On Purchase And Refinance Transactions

This ARTICLE Is About 2021 NON-QM Loans And Guidelines On Purchase And Refinance Transactions Gustan Cho Associates are very optimistic about 2021. Despite the coronavirus pandemic, 2020 was a historic year for the housing and mortgage markets Home prices continue to rise despite the coronavirus economic impact due to the high demand There is more demand for homes versus inventory Home sellers are raking it in with double-digit appreciation Home values have skyrocketed double digits in the past seven…

Bank Statement Deposit Only Mortgage For Self-Employed Borrowers

This ARTICLE Is About Bank Statement Deposit Only Mortgage For Self-Employed Borrowers Since the real estate crash of 2008, the United States Federal Government stepped in to create mortgage guidelines and standards: One of the added rules required income calculations used for borrowers, including self-employed borrowers This is part of the ABILITY TO REPAY ACT Depending on how you file your taxes, the write-offs you take may lower your mortgage qualifications We receive calls almost every day from…

2021 Updated Non-QM Mortgages And Alternative Financing Programs

This Article Is About 2021 Updated Non-QM Mortgages And Alternative Financing Programs 2021 Updated Non-QM Mortgages And Alternative Financing Programs are in full force. Non-QM loans have become increasingly popular prior to the coronavirus outbreak in February 2020 However, once the pandemic hit the United States, all non-QM wholesale mortgage lenders suspended their operations. This included borrowers who got conditional loan approvals as well as clear to close In March 2020, all non-QM loans were…

NON-QM Mortgage One Day Out Of Foreclosure And Bankruptcy

This Article Is About NON-QM Mortgage One Day Out Of Foreclosure And Bankruptcy NON-QM loans were one of the hottest mortgage loan programs prior to the coronavirus outbreak that hit the nation in February 2020. When the coronavirus outbreak hit the U.S., it shook up the secondary mortgage bond markets Non-QM home loans came to an abrupt halt Hundreds of thousands of borrowers with approval and/or clear to close on non-QM loans were affected Their pre-approval and clear to close became null and void Many non-QM

12-Month Bank Statement Mortgage For Self-Employed Borrowers

This ARTICLE Is About The 12-Month Bank Statement Mortgage For Self-Employed Borrowers The U.S. economy is booming. On Friday, November 6th, 2020, the Labor Department announced job growth numbers for November 2020. The numbers came in at $318,500 which far surpassed economist's expectations This breaking news sent the Dow Jones Industrial Averages skyrocketing All other major stock market indexes set a historic record with the job growth numbers report Unemployment numbers at 3.5% set record Unemployment
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