The Gustan Cho Team

Mortgage Bankers And Correspondent Lenders

Gustan Cho is a licensed residential and commercial mortgage banker and correspondent mortgage lender with Gustan Cho Associates. Gustan Cho and his team of licensed mortgage loan originators, processors, and underwriters are full service commercial and residential mortgage bankers and correspondent mortgage lenders and are licensed to originate, process, and underwrite, and fund FHA Loans, VA Loans, USDA Loans, Jumbo Mortgage Loans, and Conventional Loans as well as residential and commercial private money loans and hard money loans through its sister companies, Hard Money Capital Group ( www.hardmoneycapitalgroup.com ) and Private Money Capital Group ( www.privatemoneycapitalgroup.com ).

Mortgage Bankers And Mortgage Brokers

Gustan Cho and his Associates are residential mortgage bankers and correspondent mortgage lenders with the ability to broker mortgage loans. Gustan Cho Associates specialize in originating mortgage loans with no investor overlays. Minimum credit scores for a 3.5% down payment home purchase mortgage loan is 580 FICO. No investor overlays. As long as the mortgage loan applicant gets an automated underwriting system, AUS, automated approval, Gustan Cho Associates will just go off the automated findings with no overlays. This is not just with FHA Loans, but also with VA Loans, USDA Loans, and Conventional Loans.

FHA Loans With No Investor Overlays

Gustan Cho Associates specializes in originating FHA insured mortgage loans with no overlays. As long as you get an approve/eligible per DU FINDINGS or LP FINDINGS, you are approved as long as you can meet the conditions of the automated approval. Minimum credit scores for a 3.5% down payment home purchase mortgage loan is 580 FICO. If you are seeking a home loan with bad credit, you have come to the right place. Close to half of all mortgage loan borrowers Gustan Cho represents are those who have been told they do not qualify due to investor overlays. Investor Overlays are mortgage lending guidelines that are in additon to minimum federal mortgage lending guidelines set by HUD, Fannie Mae, and Freddie Mac.

VA Loans With No Mortgage Lending Overlays

Gustan Cho Associates are experts in VA Loans, VA streamline refinance mortgage loans, and VA high balance mortgage loans. All VA Loan programs are with no mortgage lending overlays. No down payment is required and closing costs can be covered by lender credit.

USDA Loans

Gustan Cho Associates can help you get approved on USDA Loans where no down payment is required and closing costs can be covered through lender credit. No mortgage lender overlays on VA Loans.

Conventional Loans With No Mortgage Lender Overlays

Conventional Loans is a big part of Gustan Cho business. Gustan Cho specializes in conventional loans with no mortgage lender overlays. Minimum credit scores on conventional loans is 620 FICO. Recent Fannie Mae Guidelines has changed where you can now qualify for a conventional loan with 3% down payment, no mortgage insurance is required, and no closing costs. Contact us for more details at www.gustancho.com or at 262-716-8151.

FHA 203k Loan Specialist

One of the main areas of concentrations of Gustan Cho and his Associates is origination of FHA 203k Loans. Gustan Cho and his team are FHA 203k Streamline and full FHA 203k Loan Experts. Please contact Gustan Cho at 262-716-8151 7 days a week for a free consultation or visit Gustan Cho Associates at www.gustancho.com.

Hard Money Capital Group

Gustan Cho Associates is associated with the Hard Money Capital Group ( www.hardmoneycapitalgroup.com ). Hard Money Capital Group is a private money and hard money mortgage lender. Hard Money Capital Group is a direct commercial and residential lender of short term financing and bridge loans. Fix and Flip Rehab Loans and Foreign National Loans are one of the most popular loan programs with Hard Money Capital Group. Visit www.hardmoneycapitalgroup.com website for the loan programs we have available for our clients.

Private Money Capital Group

Gustan Cho Associates is affiliated with the Private Money Capital Group. The Private Money Capital Group is an investment program where investors seeking a return of 10% annually can invest as private money lenders. Our investors lend on asset based real estate loans secured by real estate and earn 10% to 14% annually. Most loan to values on our private money loans do not exceed 65% LTV. Private Money Capital Group ( www.privatemoneycapital.com ) will do everything, from processing, underwriting, funding, and servicing the loan. Visit Private Money Capital Group at www.privatemoneycapitalgroup.com.

Reverse Mortgage Experts

Gustan Cho Associates has a team of experts who specialize in Reverse Mortgages. If you are at least 62 years old or older and have equity in your home, you can qualify for a reverse mortgage where you never ever have to pay for a mortgage payment. Please contact us at www.gustancho.com or call at 262-716-8151.

Pre-approvals issued 7 days a week

If you need a fast pre-approval, you can click APPLY NOW anytime and Gustan Cho will get alerted via email. Gustan Cho will contact you to go over your online mortgage application, run credit, run your mortgage application through Fannie Mae or Freddie Mac Automated Underwriting System and will issue you a solid pre-approval. Again, Gustan Cho Associates is a no investor overlays mortgage lender and will just go off the DU FINDINGS or LP FINDINGS. Over half of Gustan Cho’s clients are mortgage loan applicants who could not qualify at other lending institutions such as banks, credit unions, and other mortgage companies.