In this blog, we will cover qualifying for non-QM jumbo mortgages for non-prime borrowers, self-employed borrowers, and homebuyers with low credit scores. Government and conventional loans have a maximum loan limit. The maximum loan limit depends on the individual loan program. Gustan Cho Associates now offers Non-QM jumbo mortgages for non-prime and self-employed borrowers with…
If you’ve ever dreamt of owning a piece of paradise in the Caribbean, Puerto Rico may be your perfect destination. Buying a house in Puerto Rico is an attractive proposition with its stunning beaches, rich cultural heritage, and thriving real estate market. It is becoming increasingly popular among Americans in the mainland United States. Many…
In this blog, we will be covering for homeowners how to buy a second home while owning first. We will cover some creative ways of keeping your first home and being able to affect a vacation home or investment home. owner-occupant primary home. Generally, most people will sell their home and buy a second home…
In this article, we will cover qualifying for asset-depletion mortgage loans. We will go over what asset-depletion mortgage loans are and the qualification requirements. Asset-depletion loans are non-QM loans that use your assets versus traditional wages to calculate qualified income for a mortgage. Homebuyers do not need to be employed or have any source of…
Suppose you’re a real estate investor or looking to finance multiple properties. You may have heard of Fannie Mae 5-10 financed properties guidelines in that case. These guidelines limit the number of financed properties an individual can have when applying for a new mortgage through Fannie Mae. In this article, we will cover and discuss…
This guide covers qualifying for FHA versus non-QM loans. In the following paragraphs, we will cover qualifying and getting approved for FHA versus NON-QM loans. The first batch of closings on FHA back-to-work extenuating circumstances loans was launched in the first week of December 2014. HUD’s FHA Back to Work extenuating circumstance due to an…
This guide covers what auto title loans are and how title loans work. Some people can’t get traditional loans or don’t have the time it takes to get one. If you are trying to get fast cash to buy a house, do home improvement, or start a business, car title loans might be for you….
Get a Fast Quote: Click Here In this blog, we will cover and discuss what are non-QM versus Qualified Mortgages. Non-QM loans, also known as non-qualified Mortgages, are non-conforming loans. Non-QM loans are also referred to as non-prime mortgages. Non-qualified mortgages are portfolio loans. Marga Jurialla, the Operations Director for Gustan Cho Associates, explains what…
In this guide, we will cover getting a mortgage in the Virgin Islands for a home purchase with a U.S.-based mortgage lender. In recent years, the Virgin Islands have seen an unprecedented boom in tourism. The growth of new people and businesses moving to the Virgin Islands has been explosive. More and more real…
This article will cover non-conforming mortgage loans and bank statement mortgages for self-employed borrowers. There are no income tax returns required on bank statement mortgages. Dale Elenteny of Gustan Cho Associates explains non-conforming mortgage loans: Any mortgage loans do not conform to Fannie Mae and Freddie Mac mortgage lending guidelines are called non-conforming loans. Jumbo…
Get a Fast Quote: Click Here This Article Is About Non-QM loans for Self-Employed Mortgage Borrower Guidelines. Non-QM loans for self-employed mortgage loans are now available. Self-employed borrowers had a difficult time qualifying for home loans. This is due to the write-offs they can utilize as self-employed borrowers. Lenders go by adjusted gross income after…
Many new high debt-to-income ratio mortgage loans have been recently launched and introduced to the market. No-doc loans, DSCR mortgages, profit and loss statement-only mortgage loans, bank statement mortgages, and asset-depletion loans are some non-QM loan programs that do not require income docs and are based on other income/asset factors. Many borrowers think they will…
Call Now 