Why is GCA Different Than Other Lenders

Why is GCA Different Than Other Lenders


Why is GCA different than other lenders? If you have never heard of Gustan Cho Associates (Gustan Cho Associates Mortgage) Empowered by NEXA Mortgage NMLS 1660690, then one of your first questions is why is Gustan Cho Associates Mortgage different than other lenders? Gustan Cho Associates are mortgage brokers licensed in 48 states (NOT LICENSED IN NY, MA). Gustan Cho Associates | NEXA Mortgage, LLC has lending partnerships with over 190 wholesale mortgage lenders. In this guide on why is Gustan Cho Associates different than other lenders, we will list the main bullet points to make our borrowers understand. We will show you the facts and reasons to prove why is Gustan Cho Associates different than other lenders.

Not All Lenders Are The Same

One of the main reasons why is Gustan Cho Associates different than other lenders is that we are able to do mortgage loans other lenders cannot do.  Over 75% of our clients are borrowers who could not qualify at other mortgage companies due to last-minute mortgage loan denials, stress during the mortgage process, or because the lender did not have the loan programs the borrower needed. The team at Gustan Cho Associates is able to home loans other lenders can’t.

Not only do we have government and conventional loans with no lender overlays but we have hundreds of non-QM loans and specialty alternative mortgage options for owner-occupant homes, second homes, and investment properties. The team at Gustan Cho Associates is available 7 days a week, on evenings, weekends, and holidays. All of our borrowers have our cell numbers so they can call, and/or text them at any time.

Our Mortgage Blogs and Content at Gustan Cho Associates

The website at Gustan Cho Associates is not a lead generation website like most other mortgage sites. We do not sell a single customer inquiry. Every mortgage inquiry or request for pre-approval is handled by a licensed loan officer. Your phone number, email, or contact form does not leave our offices.

Better yet, only one loan officer at Gustan Cho Associates is assigned to each borrower inquiry. Many mortgage companies buy leads from lead generation websites and distribute them to multiple loan officers. The assigned loan officers then contact the customer inquiry lead like a frenzy of hungry sharks. This type of practice will never happen at Gustan Cho Associates.

Our Mission at Gustan Cho Associates

Our mission at Gustan Cho Associates is to have the nation’s most informative comprehensive website that consumers can visit Gustan Cho Associates. Much-needed information, content, and news is available in Gustan Cho Associates. Over 30% of our viewers at Gustan Cho Associates are loan officers, mortgage professionals, real estate attorneys, and real estate agents. Our viewers find updated content about available mortgage programs, updated agency guidelines, non-QM loans, how to improve credit, and mortgage news.

Not All Lenders Can Do Mortgage Loans Gustan Cho Associates Can Do

Every loan officer can originate a 700 FICO high income with a low debt-to-income ratio borrower. But can all loan officers help borrowers with credit scores down to 500 FICO, outstanding collections, high debt-to-income ratio, bad credit, late payments in the past 12 months, and/or late payments after bankruptcy? Not so much. The team at Gustan Cho Associates are experts in being able to do loans other lenders cannot do. We do not just help public consumers but our fellow loan officers and mortgage professionals on how to structure, qualify, approve, and close difficult mortgage loans.

Our Mission at Gustan Cho Associates

Our mission at Gustan Cho Associates is to offer the best and most updated mortgage and real estate content and news for every public consumer to access and navigate through Gustan Cho Associates. Gustan Cho Associates, founded in 2012 has developed a national five-star informational website where consumers, mortgage and real estate professionals reference when they have concerns about mortgage guidelines and/or other real estate-related information. Gustan Cho Associates’ website is different than other mortgage websites. We are not a mortgage lead generation website. All of our mortgage inquiries are handled by licensed loan officers. Not a single lead gets sold or transferred out of Gustan Cho Associates.

Our Content Writers at Gustan Cho Associates

Gustan Cho Associates welcomes realtor partners and loan officers outside Gustan Cho Associates to join us as associate contributing editors. Mortgage and real estate professionals can publish articles that cover topics in their field of expertise that benefit our viewers. Our newsletter subscribers and viewers at Gustan Cho Associates are consumers, home buyers, home sellers, realtors, attorneys, investors, students, and mortgage professionals such as mortgage loan officers, mortgage processors, and mortgage underwriters. Solicitations for business is not permitted.  Gustan Cho Associates will give guest writers credit for the articles that authors publish.

Best Lenders For Bad Credit Mortgage Borrowers

Most of our relationships with government and conforming lenders do not have lender overlays on FHA, VA, USDA, and conventional loans. We have wholesale mortgage lenders who are the best in their fields such as non-QM loans, no-doc home loans, asset-depletion mortgages, fix and flip loans, bank statement mortgages, mortgages with late payments in the past 12 months, doctors loans, homes for heroes, DPA programs, ITIN mortgage loans, and hundreds of other mortgage options most lenders do not offer.

Best Mortgage Lenders With No Discount Points For Low FICO Scores

We are proud to be running our business model on a broker platform. By being a mortgage broker versus a mortgage banker, the team at Gustan Cho Associates is able to offer our borrowers a wide variety of mortgage loan product options in 48 states including Washington DC, the U.S Virgin Islands, and Puerto Rico (Not licensed in NY, MA), at competitive rates.

Since many borrowers and realtor partners did not realize a team of mortgage professionals like Gustan Cho Associates exist, we needed to be licensed in all fifty states including Puerto Rico, the U.S. Virgin Islands, and Guam. Our license in Guam is being worked on and will update this blog when we get approved.

Traditional and Non-Prime Mortgage Loans

Why is Gustan Cho Associates mortgage different than other lenders? We are not just a lender of government and conventional loans, but we have dozens of non-QM mortgage loan programs. Gustan Cho Associates has a national reputation for being a one-stop mortgage lending shop. There are no mortgage loan programs you will not find at Gustan Cho Associates.

Our network of over 180 wholesale lending partners enables us to offer every available loan program in today’s market. The team at Gustan Cho Associates is available to offer primary, second home, investment property, and commercial loan programs. There is no mortgage loan program Gustan Cho Associates Mortgage does not have access to. We can even offer hard money loans, private money loans, and bridge financing.

Mortgage Brokers With Over 180 Wholesale Lending Partners

With a network of over 180 wholesale mortgage lending partners who are the best in their niche lending fields, Gustan Cho Associates does not want to turn down any borrower due to not having a mortgage loan program.  Another answer to why is Gustan Cho Associates different than other lenders is we are able to offer mortgage loan programs other lenders cannot.

Why is Gustan Cho Associates Mortgage different than other lenders? We are licensed in 48 states including Puerto Rico, and the U.S. Virgin Islands (Not yet licensed in NY and MA). Upper management is working on being licensed in all 50 and including Guam in the coming months. Over 75% of our borrowers at Gustan Cho Associates are folks who could not qualify at other lenders.

What Makes Us Better Lenders Than Our Competition?

Our competition is captive mortgage lenders that only offer government and conventional loans. We do not just offer your everyday FHA, VA, USDA, and conventional loans but have hundreds of non-QM and alternative financing mortgage options. Gustan Cho Associates also offers commercial loans, SBA loans, doctors’ loans, bridge loans, and hard money loans. If a particular loan program is launched and available in the mortgage market, you can count on Gustan Cho Associates to have a partnership with the specialty wholesale mortgage lender. We have a national reputation for being a one-stop mortgage shop.

Contact Us 7 Days A Week to Get Pre-Approved

About Us at Gustan Cho Associates | NEXA Mortgage, LLC

Gustan Cho Associates Mortgage Empowered by NEXA Mortgage, LLC is a mortgage broker licensed in 48 states. The Oakbrook Terrace, Illinois Branch or Gustan Cho Associates NMLS 2315275 is where our regional central headquarters is based. Our corporate office of NEXA Mortgage, LLC NMLS 1660690 is headquartered in Chandler, Arizona. Gustan Cho Associates offers government and conventional loans with lender overlays.

Mortgage Brokers With Hundreds of Non-Prime Home Loan Options

Unlike other mortgage lenders who only offer traditional and conforming mortgages, the team at Gustan Cho Associates Mortgage thinks outside the box. To offer convenience with the best mortgage options at the best rates, we have the best mortgage options on owner-occupant homes, second homes, and investment properties. We have countless lending relationships with specialty wholesale lenders. Our goal has always been to offer the best service, selection of mortgage loan options, and competitive rates. The best interest of our borrowers is hands down our top priority among our licensed and support personnel.

Why Homebuyers Choose Us

All of Our Pre-Approval Don’t Just Close But Close on Time

Our loan officers will NOT issue a pre-approval letter unless the borrower is fully qualified. One important in-house rule we have is all loan officers at Gustan Cho Associates need to be able not just to close the loans but close them on time. We do not believe in stress during the mortgage process. There is absolutely no reason for pre-approved borrowers should go through stress during the mortgage process or get a last-minute mortgage loan denial.

Got Denied For a Mortgage Loan? Contact Us For Approval

Getting a last-minute mortgage loan denial during the mortgage process should never happen and absolutely not acceptable. Gustan Cho Associates is licensed in 48 states including Washington DC and Puerto Rico. Our goal at Gustan Cho Associates  Empowered by NEXA Mortgage, LLC is to be licensed in all 50 states in the coming months.

Another frequently asked question is why is Gustan Cho Associates different than other lenders and what does Gustan Cho Associates offer that other lenders do not?  Too many to list in this guide. We will cover the main key points of why Gustan Cho Associates is different than other lenders and why borrowers choose Gustan Cho Associates over the competition.  In the following paragraphs, we will discuss and cover why is Gustan Cho Associates different than other lenders.

Mortgage Brokers For Poor Credit With Best Rates

Many real estate professionals, home buyers, sellers, and loan officers do not realize a mortgage company like Gustan Cho Associates Empowered by NEXA Mortgage, LLC NMLS 1660690 exists. Over 75% of our clients at Gustan Cho Associates Mortgage are folks who could not qualify at other lenders do their lender overlays. Other borrowers could not find a lender that offered a certain niche product. Gustan Cho Associates Empowered by NEXA Mortgage, LLC NMLS 1660690.

How To Get Mortgage Approval After Being Denied

The word lender overlays are nonexistent at Gustan Cho Associates. Many of our clients are borrowers who could not qualify at banks, credit unions, and mortgage bankers due to their lender overlays. We have a national reputation for being able to do FHA and VA loans with credit scores down to 500 FICO scores. The team at Gustan Cho Associates are experts in helping borrowers without income tax returns with no-doc and no income documentation mortgages. We can help homebuyers in rural areas who need to buy homes on acreages, hobby farms, and unique properties with no nearby comparable sales for appraisals.

Best Non-QM Mortgage Lenders For Bad Credit

Gustan Cho Associates Mortgage has wholesale lending relationships with 170 wholesale lending investors. Gustan Cho Associates has a national reputation for being able to do loans where other lenders can’t. This is because Gustan Cho Associates has a no-lender overlay business model on government and conventional loans. We only go by the agency mortgage guidelines of HUD, VA, USDA, Fannie Mae, and Freddie Mac with no lender overlays on government and conventional loans.

If there is a mortgage loan program in the marketplace, you can rest assured that Gustan Cho Associates has it. Some of our popular loan programs besides having zero lender overlays on FHA, VA, USDA, and Conventional loans are no-doc home loans, bank statement loans for self-employed borrowers, asset-depletion, P and L stated income mortgages, and dozens of other alternative loan programs for owner-occupant homes, second homes, and investment properties.

Mortgage Brokers With 15-Day Home Loan Closings

We originate and close home loans on time. There is absolutely no reason for home buyers to go through stress during the mortgage process. There is absolutely no reason why borrowers should ever get a mortgage loan denial after being qualified and pre-approved by a loan officer. The main reason for a last-minute mortgage loan denial after the borrower has been qualified and pre-approved is due to the loan officer issuing the pre-approval without fully qualifying the borrower. This will not ever happen at Gustan Cho Associates.

Best Mortgage Lenders After Bankruptcy

Gustan Cho Associates are experts in helping borrowers qualify and get mortgage approval on FHA loans with credit scores down to 500 FICO scores. Most lenders will not want to touch any files with credit scores under 600 FICO. However, at Gustan Cho Associates, we can approve you today and not wait until you increase your credit scores. Why miss out on a booming housing market if you do not have a mortgage lender who can help you today?

Mortgage Approval During and After Chapter 13 Bankruptcy

If you are in a Chapter 13 Bankruptcy, we can help you get an FHA loan during Chapter 13 Bankruptcy without needing to have the Chapter 13 Bankruptcy discharged. You just need to be in the Chapter 13 Bankruptcy repayment plan for 12 months after filing. Many other mortgage lenders will not take borrowers in a Chapter 13 Bankruptcy repayment until they have been discharged. Not just discharged but two years after the Chapter 13 Bankruptcy discharge date.

VA Loans For Poor Credit

Just as with FHA loans, the team at Gustan Cho Associates can help homebuyers on VA loans with credit scores as low as 500 FICO. Over 25% of our borrowers are manual underwriting files on FHA and VA loans. If you need a specific type of loan program but cannot find a lender that has it, contact us at Gustan Cho Associates. We are more than confident we have the loan program you need at competitive rates.

The team at Gustan Cho Associates are expert loan officers with years of experience trained to handle tough files. Not only does the team at Gustan Cho Associates get you into the best mortgage options available, but our loan officers are also trained to shop for the best of the best pricing and rates for your loan. You will not have a mortgage broker who will get you the lowest mortgage rates with the best terms and act in your best interest.

Best Mortgage Brokers For Non-QM Loans

Broker Non-QM And Alternative Mortgage LoansAt Gustan Cho Associates, we believe in being a one-stop mortgage shop. This is why we have dozens of lending partnerships with non-QM and alternative lending institutions with hundreds of non-QM and alternative financing mortgage options. If there is a mortgage loan program for owner-occupant homes, second homes, and investment properties in the market today, Gustan Cho Associates has it.

You name the mortgage loan program, we have it. No-doc loans, no-income verification mortgages, stated-income loans, asset-depletion mortgages, bank statement loans, doctors’ loans, homes for police and fire professionals, fix and flip loans, commercial blanket lines of credit, and hundreds of other alternative and niche loan programs. Gustan Cho Associates are experts in non-QM loans and alternative financing mortgage loan programs. If a borrower cannot qualify for a traditional government and/or conventional loan, they can rest assured we will have alternative loan programs available for them.

Best Mortgage Brokers For Self-Employed Borrowers

Some of our alternative mortgage loan programs are no-doc home loans, bank statement loans for self-employed borrowers, non-QM mortgages one day out of bankruptcy and foreclosure, 90% LTV jumbo mortgages, and non-QM jumbo loans with credit scores down to 500 FICO, fix and flip loans, DSCR. dozens of other specialty-stated income loan programs.

Gustan Cho Associates, we do realize some borrowers do not meet agency mortgage guidelines on government and conventional loans. Therefore, we have developed wholesale lending partnerships with non-QM lenders. Not many real estate agents, loan officers, attorneys, buyers, sellers, and other third-party mortgage and real estate professionals realize a company like Gustan Cho Associates exist. Most lenders may just offer government and conventional loans.

Real Estate Agents Are Joining Our VERIFIED Preferred Realtor Partner Network (PRPN)

Comparing Gustan Cho Associates To Other Mortgage Lenders

All mortgage companies are highly regulated at both federal and state levels. So what makes Gustan Cho Associates Mortgage Group so special? What is the difference between Gustan Cho Associates Mortgage Group versus an FDIC Bank’s mortgage division? Why should you deal with Gustan Cho Associates Mortgage Group remotely when you can apply for a home mortgage at your local brick-and-mortar bank? Again, there are too many reasons to list. However, we will list the bullet points of why choose Gustan Cho Associates Mortgage and why Gustan Cho Associates is different than other lenders.

What Are Non-QM and Non-Prime Mortgages?

Here are some of the many reasons why Gustan Cho Associates is different than other lenders and why choosing Gustan Cho Associates will get you the best mortgage option for you at the best rates:

  1. Gustan Cho Associates is licensed in 48 states including Puerto Rico and Washington DC (Not licensed yet in NY, MA).
  2. We have lending partnerships with over 170 wholesale mortgage lenders including wholesale lenders in niche and specialty markets
  3. We have thousands of mortgage options for owner-occupant homes, second homes, investment properties, and commercial properties
  4. Our lending partnerships with wholesale mortgage lenders with government and conventional loans are investors with zero lender overlays on FHA, VA, USDA, and conventional loans

Types of Alternative Financing and Non-QM Mortgages

Any non-QM mortgage loans that are available in the market today, you will find at Gustan Cho Associates

  1. Niche mortgages loan programs such as doctors loans, mortgages for police officers and first responders, teachers, medical professionals, and veterans
  2. Fix and flip, construction loans, blanket commercial lines of credit, and SBA loans
  3. We not only get you the best mortgage loan program that suits your needs, but we shop for the best pricing on rates and terms

The bottom line is that Gustan Cho Associates has the states, products, and the best rates.

Best Mortgage Brokers For Alternative Financing

Any loan officer can originate, process, and close a mortgage for a borrower with 800 credit scores, less than a 40% debt-to-income ratio, and a 20% down payment. However, this is not how the world works. Everyone may have a unique financial situation where they may need a loan officer that specializes in tough files. The team at Gustan Cho Associates are experts in working for tough government, conventional, and non-QM loans. Gustan Cho Associates’ business model is to have zero lender overlays on FHA, VA, USDA, and Conventional loans.

Get Pre-Approved For a Mortgage Same Day

The team at Gustan Cho Associates can help borrowers with bad credit, low credit scores, unpaid collections, charged-off accounts, bankruptcy, foreclosure, short sale, or other credit and/or income issues with the best mortgage loan program that suits them at the best mortgage rates. To start the qualification and pre-approval mortgage process with a lender with no lender overlays on government and conventional loans or a specialty non-QM loan program, please contact us at Gustan Cho Associates at (800) 900-8569. Or text us for a faster response. Or email us at alex@gustancho.com. You will instantly realize why Gustan Cho Associates is different than other lenders. You will not be disappointed.

The team at Gustan Cho Associates is available 7 days a week, on evenings, weekends, and holidays. Gustan Cho Associates are experts in government and conventional loans as well as non-QM loans. There are more reasons why Gustan Cho Associates is different than other lenders. Please give us a try. You will not be disappointed.


31 Comments

  1. Hi, What are your credit requirements for a FHA 203K loan or any loan? I’m looking for a creative loan opportunity to purchase a home in the Chicago land area?

  2. Trying to get a refinance in texas, just had bankruptcy 13 discharged in August 2020. Is it possibble it to a refinance?

  3. I have never understood why I have to search and search for a phone number on these websites ??

  4. We are in NJ. Have been in Chapter 13 since 12/19 and have made all Trustee payments on time. We have made all mortgage payments on time. We purchased a home in 4/15 for 540k, we put 20% down and have 367k left on original 5/1 ARM. Home was just appraised for 660k. Credit is fair/poor. So we are 26 months into 60 month plan of 120k (included 72k mortgage arears and 2 financed cars). So we have about 75k left of plan payments (including cars, mortgage arears remaining approximately 40k). We were referred by our Bankruptcy attorney to a Mortgage firm in NJ that does manual underwriting for FHA cash out to leverage the market value and equity after I did a ton of research on NOLO. We would basically use the funds to pay off the Chapter 13 and get a discharge and put in about 100k of work to the house (HVAC/Roof/Boiler, Driveway, Siding, etc.). Our attorney thinks the Trustee will approve and now the Mortgage firm is stating that because part of the Chapter 13 is mortgage arears (and not like medical debt or student loans) that they can’t move forward. That makes zero sense to me. We make more than enough money to pay off current mortgage and Trustee payments and and cash out refinance to keep the home as our primary residence under a new fixed FHA loan, and it would be less on a per month cost. Please advise and may be calling you very shortly!

  5. I have questions about refinancing our home loan ro eliminate IRS liens. I present repayment plan is being supervised by Chapter 11. IRS is only creditor other nah present home mortgage. Home is located in Oklahoma City and would probably bring $575-600K on today’s market, Needed to eliminate the IRS and clean the title would be about $450,000. My wife and I have credit ratings in the mid 700’s.

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