Non-QM Mortgage Lenders and Subsidiaries

Non-QM Mortgage Lenders and Subsidiaries

Non-QM Mortgage Lenders and Subsidiaries

In this guide, we will cover non-QM mortgage lenders and subsidiaries. Non-QM Mortgage Lenders is a wholly-owned subsidiary of Gustan Cho Associates (Branch NMLS ID 2315275). Gustan Cho Associates is the parent company of Non-QM Mortgage Lenders and a dba of NEXA Mortgage (NMLS 1660690).

Gustan Cho Associates is a national mortgage brokerage and correspondent lender, serving all states except Massachusetts and New York, plus U.S. territories.
Non-QM Mortgage Lenders, a wholly-owned subsidiary of Gustan Cho Associates, offers alternative mortgage solutions for clients who do not qualify for traditional loans. Non-QM Mortgage Lenders and subsidiaries offer flexible mortgage options for self-employed individuals, real estate investors, and homebuyers with credit challenges who have been declined by traditional banks and mortgage lenders. To learn more, contact us or visit Non-QM Mortgage Lenders. We offer a range of loan options, including FHA, VA, conventional, non-QM, DSCR, and commercial loans, as well as educational resources for real estate professionals. We look forward to assisting you with your mortgage needs.

Non-QM Mortgage Lenders and Subsidiaries: Who We Are and Relations to Gustan Cho Associates

Gustan Cho Associates and all of its wholly-owned subsidiaries which includes Non-QM Mortgage Lenders, is an NMLS licensed nationwide one-stop, all-in-one mortgage and real estate informational, resource, and business, commercial, and residential loan origination lending network for all types of mortgage and real estate solutions.

Non-QM Mortgage Lenders and Subsidiaries: Our Parent Company Gustan Cho Associates

The Founders and Management at Gustan Cho Associates goal, mission, and foundation was for consumers to realize that Gustan Cho Associates and Subsidiaries is a one-stop shop mortgage and real estate think thank where once you visit our main site, Gustan Cho Associates, you had everything you ever need or will need from residential to commercial loans, lowest discount mortgage shops, to alternative and non-QM mortgage brokerage shops, and everything in between. With this mission and path in mind, Gustan Cho Associates has the following wholly-owned subsidiary companies, all under one roof and team:

  1. Gustan Cho Associates: Parent Company
  2. GCA Mortgage Group: Mortgage Brokerage and Correspondent Lending Subsidiary of Gustan Cho Associates
  3. Mortgage Lenders For Bad Credit: Bad Credit Borrowers Subsidiary of Gustan Cho Associates
  4. FHA Bad Credit Lenders: FHA Loans With Bad Credit and Low Score Subsidiary of Gustan Cho Associates
  5. Non-QM Mortgage Lenders: Non-QM and Alternative Lending Subsidiary of Gustan Cho Associates
  6. Preferred Mortgage Rates: Discount Subsidiary of Gustan Cho Associates
  7. Lending Network, LLC: Business and Commercial Lending Subsidiary of Gustan Cho Associates
  8. One Solution Real Estate: Realtor Referral Partner Subsidiary of Gustan Cho Associates
  9. Online Business Solution: Digital Media Marketing and Content Creation Subsidiary of Gustan Cho Associates
As our reputation for finding solutions grew, so did we, expanding into new subsidiaries to serve a wider range of needs in the mortgage and real estate world. In the following sections, you’ll discover how our services and specialized teams support borrowers from all walks of life.

Non-QM Mortgage Lenders and Subsidiaries: What We Do and Why We Are Nationally Recognized For

Non-QM Mortgage Lenders and Subsidiaries

  • We specialize in non-QM and alternative non-traditional mortgage lending, offering loan products tailored to borrowers with unique financial situations.
  • Example of non-QM mortgage loan options include no-doc loans, DSCR mortgage loans, P and L statement loans, bank statement loans, asset depletion mortgage loans, ITIN and Foreign National mortgage loans, hard money loans, and other types of alternative financing with non-traditional income types.
  • With our integrated approach, you only need to share your information once, making the process smoother across all our companies.
  • We offer loans for people with complex income, tax, no-documentation, asset-based, or credit situations.
  • As one of the nation’s largest mortgage broker and correspondent lender, non-QM mortgage lenders and subsidiaries works with a wide network of non-QM lenders, investors, and financial institutions.
  • Our vast lending network helps us find mortgage loan options, competitive rates, terms, and solutions that fit your needs, no matter how small or large of a real estate investor you are.

Non-Qualified vs Qualified Mortgages

A Non-QM mortgage loan is a home loan that does not meet the standard guidelines of agencies such as HUD, VA, USDA, Fannie Mae, or Freddie Mac. However, it is still a documented and legally binding mortgage.
Non-QM does not mean “hard money” or “subprime” mortgages. Instead, it means your loan is approved using different methods to demonstrate your ability to repay.
First-time homebuyers often apply for traditional qualified mortgages, which usually require FULL documentation which includes recent pay stubs, full tax returns, bank statements, and other personal and financial sensitive documentation.

Qualified (QM ) Mortgages

In general, Qualified Mortgages (traditional conforming mortgage loans (require and/or mandate the following):
  • Traditional income documents such as W2s, 1099, federal income tax returns, and VOE.
  • Standard debt-to-income (DTI) ratios depending on the mortgage loan program.
  • Mandatory waiting periods after bankruptcy or housing event (foreclosure, deed-in-lieu of foreclosure, short-sale).
  • Minimum credit score guidelines depending on the mortgage loan program.

Non-QM Mortgages

Non-QM mortgage lenders normally use alternative and non-traditional income sources to determine the borrower’s ability to repay. Non-QM mortgage lenders use other methods to review your application, such as:
  • 12 or 24 months of personal or business bank statement deposits.
  • A CPA-prepared or self-prepared profit and loss (P&L) statement.
  • Asset depletion or asset-based income.
  • Debt service coverage ratio (DSCR) on investment properties.
  • Asset-depletion.
  • Other interest (DSCR) options.
In both cases, the primary goal is to demonstrate that you can repay the loan. Non-QM loans give you more flexible ways to prove this.
You might consider Non-QM loans if your tax returns do not accurately reflect your full income, you are self-employed or a 1099 contractor, have recent credit issues, require DSCR approval, need a jumbo loan, or have a unique situation, such as being a foreign national or a 1099 contractor with numerous deductions.
  • You have experienced recent credit events, such as bankruptcy or foreclosure.
  • You are purchasing an investment property, and you want the approval based on the rental income (DSCR).
  • You need a jumbo loan that does not meet the standard criteria of a government agency or bank.
  • You are a foreign national, or your circumstances do not meet the standard criteria. Specialized lenders are available to assist with these unique situations.

Non-QM Mortgage Lenders works with a wide network of non-QM lenders and portfolio investors who set flexible guidelines instead of following the strict rules of Fannie Mae or Freddie Mac. This allows us to offer tailored solutions for each client. Many business owners earn income that may not be fully reflected on tax returns. To qualify for our bank statement loans, you need to provide 12 or 24 months of business or personal bank statements for income review. Instead of W-2s, we evaluate your deposits and business activity.ds over time

This is perfect for:

  • Self-employed borrowers.
  • 1099 contractors and gig workers.
  • Small business owners with high write-offs.
  • Retired folks who do not generate regular monthly or annual income but have assets.

DSCR Mortgage Loans for Real Estate Investors

DSCR (Debt Service Coverage Ratio) mortgage loans evaluate the cash flow of the investment property and do not require tax returns or personal income verification.
We work with DSCR non-QM mortgage lenders who:
  • qualify you based on rent vs. mortgage payment
  • do not require income verification
  • support portfolio growth for full-time investors

This is great for:

  • buy-and-hold investors
  • short-term rental and Airbnb investors
  • This is also helpful for those who want to exit high-rate hard money loans. Asset depletion is available to clients with significant assets but limited income, allowing them to use their savings, investments, or retirement accounts to qualify. These assets are divided over a set period to generate monthly qualifying income. This approach helps retirees, business owners, and high-net-worth clients qualify without W-2s. QM mortgage lenders offer interest-only periods, such as for the first 5 to 10 years.
  • Additionally, some non-QM mortgage lenders offer interest-only periods for self-employed borrowers and investors with irregular income.
  • If you need a larger loan but do not meet strict jumbo loan rules set by banks, a Non-QM jumbo mortgage can help if you have a complicated financial situation and a good credit score.t assets, but your income is low or difficult to verify.
  • You require a large loan for a primary, secondary, or investment property.
  • Shorter waiting periods after Chapter 7 or Chapter 13 bankruptcy.
  • Recent foreclosure, short sale, or deed-in-lieu.
  • Payment history issues from the past, including collections, charge-offs, and late payments.
Non-QM mortgage lenders can help if you have improved your finances but still face a waiting period under standard guidelines.

Self-Employed or 1099 Borrower

If you own a business, your tax returns may not accurately reflect your full income, which can lead to denial from traditional lenders. Non-QM lenders specialize in helping self-employed and cash-flow borrowers.

Mortgage Lenders Includes:

  • Mortgages connected to bank statements
  • Profit and loss statements with loan options that may include a CPA
  • Small business owners can qualify with less paperwork, making the process simpler for investors.
  • First-time investors purchasing their first rental property
  • Experienced investors acquire multiple properties each year and may transition these into long-term DSCR loans.
We are recognized for our expertise in leverage, cash flow analysis, and strategic portfolio management. Our team connects you with non-QM mortgage lenders who can help you grow your investments and build long-term wealth.

Borrowers with Credit Challenges

Non-QM Mortgage Lenders and Subsidiaries, through its parent company Gustan Cho Associates Network, we help borrowers with low credit scores by offering assistance, whether the issues are older or recent, including bankruptcies or foreclosures.

Chapter 13 Bankruptcy 

Homeowners with equity in a current Chapter 13 Bankruptcy repayment plan can buy out their Chapter 13 Bankruptcy early with a cash-out refinance. Borrowers can purchase or refinance a home loan with a VA or FHA loan during Chapter 13 bankruptcy repayment plan without the bankruptcy being discharged..

A non-QM loan might be a good fit for you if you do not qualify for a traditional mortgage loan due to not being able to meet the waiting period requirements after a bankruptcy or foreclosure or due to recent late payments.

If another product from our subsidiaries is a better option, we will help you find the right solution. Non-QM programs can also help foreign nationals and borrowers who do not have a complete credit history in the U.S. Non-QM loans are ideal and benefit investors buying property in the U.S. from other countries. We connect these borrowers with lenders who have experience working with non-traditional credit profiles.

How Non-QM Mortgage Lenders and Subsidiaries Fit Into Gustan Cho Associates

Gustan Cho Associates has established a network of subsidiaries, offering consumers and professionals a comprehensive range of mortgage and real estate services in one convenient location.

GCA Mortgage Group Does:

  • FHA, VA, USDA, and conventional
  • Portfolio programs and niche products
  • Manual underwriters: If you meet the guidelines, GCA Mortgage Group can offer competitive rates and down payment options. If you don’t, non-QM mortgage lenders can offer alternatives to borrowers with poor credit.
  • FHA loans with low scores and complicated credit
  • FHA loans during and after a change: If a government loan becomes a better fit after your Non-QM mortgage, we can help you refinance through these teams.

Preferred Mortgage Rates: Discount Rate Arm

Preferred Mortgage Rates will go the extra mile to offer below-market rates to qualified borrowers. If a client “graduates” from a non-QM loan to a full-documentation or FHA/VA/conventional loan, this team can help secure larger long-term savings.

Lending Network, LLC – Business and Commercial Lending

Lending Network (www.lendingnetwork.org) represents the commercial and business lending subsidiary.
It provides assistance to:
  • Investors and business owners in need of a commercial loan.
  • Professionals in search of bridge, portfolio, or construction financing.
  • Mortgage or real estate professionals who require wholesale access to commercial products.
If a client requires both residential and commercial financing, Lending Network and GCA Mortgage Group collaborate to develop a comprehensive financing plan.

One Solution Real Estate – Real Estate Network Partner

One Solution Real Estate (www.onesolutionrealestate.com) is our network partner in real estate.
It connects buyers and sellers and:
  • Acquires reputable real estate agents.
  • Assists in property search.
  • Provides investment property analysis.
  • Assists with listing, marketing, and negotiating sales.
  • Creation and optimization of content for search engines
  • Digital and social advertisement campaigns
  • CRM and lead management support

Online Business Solution (www.onlinebusinesssolution.org) specializes in digital marketing and content creation, including Website construction and management. On One Solution Real Estate often works with GCA Mortgage Group to streamline the process for clients from pre-approval to closing.

Online Business Solution

With Non-QM Mortgage Lenders, you get more than just a list of loan options. You also have access to education, support, and solutions all in one place, with a human touch. Gustan Cho Associates and its subsidiaries, including Non-QM Mortgage Lenders, use:
  • Secure online mortgage applications.
  • Digital uploads and e-signatures of mortgage documents
  • Tracking loan status in real time
  • Automated underwriting integrated with manual review
We use technology to simplify the mortgage process, but our underwriters and loan officers still carefully review every detail instead of relying solely on algorithms. As a nationwide mortgage brokerage and correspondent lender, we hold valid licenses in 48 states and U.S. territories, excluding MA and NY. Abides by federal legislation such as TILA, RESPA, ECOA, and Fair Housing. Maintains strong internal compliance, auditing, and training. Non-QM Mortgage Lenders follow the same standards, so your non-QM mortgage loan receives the same care and attention as any conventional mortgage. At Gustan Cho Associates and its subsidiaries, our guiding principle is to follow agency and investor guidelines, rather than imposing additional lender requirements. For mortgage lenders, this means we find investors for your loan:
  • Have explicit and coherent guidelines.
  • We can make reasonable adjustments if your application shows enough positive factors. The loan is viable and repayable.

Non-QM Mortgage Lenders and Subsidiaries FAQs

What Do Non-QM Mortgage Lenders and Subsidiaries Do?

  • Non-QM mortgage lenders are financial institutions that offer residential loans that don’t follow the guidelines set by government-sponsored entities.
  • Non-QM mortgage lenders and subsidiaries offers Fannie Mae, Freddie Mac, FHA, USDA, and VA loans.
  • However, Non-QM mortgage lenders and subsidiaries offers alternative lending options with non-traditional mortgage lenders, financial institutions, and portfolio lenders and hedge funds.
  • Non-QM lenders use different ways to verify income and approve applications that don’t meet standard guidelines.

Are non-QM Mortgage Loans Safe?

  • Yes.
  • A non-QM mortgage loan is fully documented and complies with all applicable state and federal regulations.
  • The primary difference lies in how income and risk are assessed.
  • We work with reputable non-QM lenders and investors.

Who Should Consider a Non-QM Mortgage Loan?

A non-QM mortgage loan may be appropriate if:
  • Self-employed or 1099.
  • Tax returns show low income due to write-offs.
  • An investor wanting a DSCR loan.
  • Bankruptcy or foreclosure in the last year.
  • Non-traditional credit or a foreign national.
Non-QM Mortgage Lenders look at your full profile before recommending a loan program.
Non-QM mortgage lenders may ask for a larger down payment than traditional loans, especially if you have a lower credit score or recent credit issues. Each program is different, and we work to match the down payment, rate, and guidelines to your needs.

Is It Possible to Get a Non-QM Mortgage Loan After Bankruptcy or Foreclosure?

  • In many cases, yes. Many non-QM mortgage lenders allow shorter waiting periods after bankruptcy, foreclosure, short sale, or deed-in-lieu.
  • The exact timing depends on the investor, your credit history since the event, and your overall financial situation.

For a Bank Statement Non-QM Mortgage Loan, What Documents Are Required?

  • 12 or 24 months’ worth of business or personal bank statements and
  • A loan application that is complete, and then
  • Some identification and basic asset documentation
  • Instead of tax returns, we mainly use your deposits and business activity to determine your income.
  • DSCRR non-QM mortgage loans look at a rental property’s income compared to the mortgage payment each month.
  • If the rental income covers or nearly covers the mortgage payment, a non-QM mortgage lender can approve the loan without needing personal tax returns.

Are Non-QM Mortgage Rates Higher Than Traditional Mortgage Rates?

  • Non-QM mortgage rates are typically higher than standard agency mortgage rates due to increased lender risk.
  • However, these rates are still significantly lower than those of hard money loans.
  • We help clients find the most competitive non-QM lenders and assist with refinancing their mortgages.
  • Many clients use a non-QM mortgage loan as a temporary solution while they work on improving their income and credit to qualify for a traditional FHA, VA, USDA, or conventional loan.
  • We also help with refinancing through our subsidiaries when you are ready.
  • You can work with us online, by phone, or in person with one of our loan officers.
  • We will match you with the best non-QM mortgage lenders and programs tailored to your specific needs.
  • You can count on us to guide you from pre-approval to closing and support you every step of the way as part of Gustan Cho Associates and Subsidiaries.

Why Choose Non-QM Mortgage Lenders and Subsidiaries

With Non-QM Mortgage Lenders and Subsidiaries, you benefit from access to multiple lenders and investors rather than a single bank. We offer a variety of loan products, including bank statement loans, DSCR loans, asset-based loans, non-QM jumbo loans, and interest-only loans. Our team is nationally licensed in 48 states and U.S. territories, excluding Massachusetts and New York.
  • We are known for our motto, “We close loans other lenders can’t,” as well as we offer the best rates and terms as well as mortgage loan options other lenders don’t.
  • You can access educational materials and resource portals on our GCA Forums and blogs to stay informed about your options.
  • Most importantly, our team treats you as an individual, not just a file.
  • Contact us to schedule a free, no-obligation consultation.
  • Share your goals, credit history, and income with us.

Tell us your full story. Even if your situation is complex, we are committed to understanding your needs and providing you with the best possible assistance. We will find the best non-QM mortgage loan option and program for you by comparing different investors and options.

You can submit your documents digitally by uploading bank statements, profit and loss statements, and asset statements to our secure portal.

We guide you from pre-approval to closing, so you can focus on your home or investment search while we coordinate with your agent, attorney, and title company. You may choose to refinance later or make additional purchases, which can help you transition to a conventional loan or utilize your income and credit to purchase more properties. To learn more about working with Non-QM Mortgage Lenders and Subsidiaries, contact us to see how our digital services can support you.