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Gotten a Last Minute Mortgage Denial?
Have you gotten a Last Minute Mortgage Denial at your current lender? You are not alone. Over 80% of our clients at Gustan Cho Associates are borrowers who got denied at other lenders. Borrowers got denied at other lenders because the loan officer did not properly qualify the borrower or because of the mortgage company having Lender overlays. Lender overlays are additional mortgage guidelines above and beyond the minimum agency guidelines of FHA, VA. USDA, FANNIE MAE or FREDDIE MAC. The team at Gustan Cho Associates has a no lender overlay business platform on government and commercial loans. We can help borrowers with credit scores down to 500 FICO, non-qm loans, 12 months bank statement loans, DSCR loans, no-doc loans, ITIN loans, DACA LOANS, Condotel Financing, hard money commercial loans, commercial loans, SBA LOANS, Factoring, equipment financing, Business lines of credit, POS, Spec-Builder New Construction, Auto Financing, apartment building loans, land loans, church financing, accounts receivable financing, MCA financing, and land development loans. No need to worry if you got denied. The file is not dead. You can join us where we can help you qualify and get you approved for your commercial or business loan.
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2 Replies
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Gustan Cho Associates NMLS 2315275, is headed by Gustan Cho NMLS 873293, the national managing director at Gustan Cho Associates. Gustan Cho Associates is a dba of NEXA Mortgage NMLS 1660690, the largest mortgage broker and correspondent lender in the country. Gustan Cho Associates has a national reputation for being able to do mortgage loans other lenders cannot do. Over 80% of our Borrowers at GCA Mortgage Group are folks who could not qualify at other lenders. Gustan Cho Associates has the states (licensed in 48 states including Washington, DC, Puerto Rico, and the U.S. Virgin Islands: NY and MA is pending). has the loan products (partnership with over 259 wholesale lenders of business, commercial, and residential loans), and has the lowest rates.
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Gustan Cho Associates, NMLS 2315275, is a prominent mortgage company in the United States. It is a branch of NEXA Mortgage LLC, NMLS 1660690, known for its extensive range of mortgage products and services. The company is licensed in 48 states, including Washington, DC, Puerto Rico, and the U.S. Virgin Islands. Gustan Cho Associates offers a variety of loan programs such as FHA, VA, USDA, conventional loans with no overlays, and many non-QM and alternative mortgage loan programs.
The company has a reputation for being able to provide mortgage solutions to borrowers who may not qualify with other lenders due to various reasons such as credit issues or unique financial situations. They also claim to have competitive rates and a wide network of wholesale lending partners. Gustan Cho Associates is led by Gustan Cho, NMLS 873293, the National Managing Director at Gustan Cho Associates. The company emphasizes its ability to offer loans that other lenders cannot, catering to a diverse clientele with different mortgage needs. For more detailed information or specific inquiries about their services and rates, contact Gustan Cho Associates directly or visit their official website.
https://gustancho.com/last-minute-mortgage-denial/
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Reasons For Last-Minute Mortgage Denial From Underwriters
The main reason for a Last-Minute Mortgage Denial is due to the LO not properly qualifying the borrower prior to issuing the pre-approval letter