Alternative Lending & NON-QM Mortgage Guidelines

Alternative Lending & NON-QM Mortgage Guidelines. Redwood Mortgage California Private Money Lending Guidelines

Alternative Lending & NON-QM Mortgage Guidelines video duration 3 Minute(s) 45 Second(s), published by Gustan Cho Associates on 08 08 2019 - 23:32:12.

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Alternative Lending & NON-QM Mortgage Guidelines * The 2008 Real Estate & Lending Collapse of 2008 has completely eliminated the subprime mortgage join my Whatsapp Broadcast / Group to receive daily lectures on similar topics through this Whatsapp direct link https://wa.me/917736022001 by simply .

. Smarthouse Lending, LLC - What Are Today's Rates? BEST MORTGAGE RATES TODAY! LOW MORTGAGE INTEREST RATES & QUICK CLOSINGS IN 10 Redwood Mortgage is a direct private money lender based in San Mateo, CA
They provide short-term and long-term private financing to real estate investors .

1. Alternative Lending & NON-QM Mortgage Guidelines

* The 2008 Real Estate & Lending Collapse of 2008 has completely eliminated the subprime mortgage markets

- Borrowers of subprime loans were not able to obtain non-qm loans to purchase homes
- Borrowers who did not qualify for conforming traditional loans such as FHA and Conventional Loans were left out of the marketplace to purchase homes
- This was due to not having access to Alternative Lending & Non-Prime Mortgages
- These borrowers were great borrowers who could afford to make the payments on their mortgage loans
- They had the means and income to afford to be homeowners
- But due to the non-existence of subprime mortgages, they were stuck being renters in a hot real estate market
- They saw home values appreciate before their eyes
- These borrowers had the desire, ability, and means
- They were prime candidates for alternative lending and subprime mortgage loans
- They were perfect candidates but could not have accessibility to alternative lending and Non-QM mortgage programs now offered by Gustan Cho Associates

2. Alternative Lending And Subprime Mortgage Programs
Here are the alternative lending and subprime mortgage programs offered by Gustan Cho Associates:

- No waiting period out of foreclosure, short sale, deed in lieu of foreclosure, and bankruptcy
- Loan Limits up to $1 million
- Borrowers can have credit scores down to 500 FICO
- Up to 90% Loan To Value
- 95% Loan To Value Jumbo Loans With No Mortgage Insurance
- Debt To Income Ratio up to 50% DTI
- Owner-occupied, 2nd homes and investment properties ARE eligible for alternative financing
- Non-warrantable condos considered
- Jumbo mortgages down to 500 FICO
- Adjustable Rate Mortgages, ARM, or 30-year fixed
- No pre-payment penalty for owner-occupant homes and 2nd homes
- No credit tradeline requirements
- SFRs, townhomes, condos, 2-4 units on residential and investment properties
- Seller concessions allowed on owner occupant and second homes up to 6%
- Investment properties are limited to 2% sellers concessions
- Asset-Depletion Mortgage Programs

If you are a non-prime borrower and have an interest in alternative financing, please contact us at Gustan Cho Associates at 262-716-8151 or text for faster response. Or email Gustan Cho at gcho@gustancho.com.

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