-
Non-QM Loan Programs at Gustan Cho Associates
Hello
A friend told me about your Non-Qualified Mortgages program, and I would like more information and to apply.
Your prompt response is appreciated!
-
1 Reply
-
We appreciate you reaching out to GCA Mortgage Forums.
At Gustan Cho Associates, we specialize in Non-QM loan programs designed for self-employed individuals and anyone who faces challenges qualifying for conventional, FHA, VA, or USDA loans due to credit, income, or underwriting hurdles.
Non-QM loans can be a great fit for self-employed professionals, real estate investors, those with past credit issues, individuals with substantial assets, or anyone with non-traditional income sources.
Based on your unique financial situation and property type, you may qualify for a variety of Non-QM options, such as:
- loans based on review of bank statements for 12 and 24 months
- loans for real estate investors based on the DSCR
- loans for investors based on 1099
- profit-and-loss statement loans
- asset-depletion loans
- loans for real estate investors based on the Profit-and-Loss statement
- loans that require minimal or alternative documentation
- Non-QM jumbo loans
- ITIN mortgage programs
- foreign national loans
- loans for borrowers with recent credit events, foreclosure, bankruptcy, short sale, etc.
At Gustan Cho Associates, we provide a wide range of Non-QM loan solutions, including bank statement, DSCR, asset depletion, 1099-only, and profit-and-loss statement loans. We also offer tailored programs for foreign nationals, ITIN borrowers, and other unique situations.
Wondering how to find the Non-QM loan program that fits you best?
Each Non-QM loan program is designed for specific borrower profiles, with varying requirements for down payment, credit score, interest rate, reserves, debt-to-income ratio, and documentation. Fees and prepayment penalties also differ by program.
To get started, we’ll take a close look at your complete financial picture. Here’s what we typically need:
- Whether you’re financing for the first time or looking to finance again (refinancing)
- Type of property and state
- Whether the property is your primary residence, secondary residence, or an investment property
- Estimate purchase price or property value
- Amount of loan required
- Credit Score
- Amount of down payment or equity
- Personal or business type
- Source of income
- Whether you have recently had a bankruptcy, foreclosure, short sale, or other major credit issue
If you’re self-employed, a bank statement loan allows you to verify your income using your business or personal bank statements instead of relying solely on tax returns.
For real estate investors, a DSCR loan could be the ideal choice. This type of loan focuses on your rental property’s cash flow instead of traditional income documents. We also offer other programs with flexible income verification options.
Our team is ready to review your unique situation and provide personalized guidance.
You may contact us by phone or text at (800) 900-8569.
Alternatively, you may email us at gcho@gustancho.com.
We’re here to review your credit, income, assets, down payment, and property needs, and to walk you through your available options. Gustan Cho Associates is available seven days a week, so feel free to reach out anytime for a no-obligation conversation. Our team is dedicated to answering your questions and helping you confidently explore Non-QM mortgage solutions.
Gustan Cho Associates
NMLS 873293
(800) 900-8569
Log in to reply.