The Gustan Cho Team at Loan Cabin
Gustan Cho Associates At Loan Cabin Inc.

The Gustan Cho Team At Loan Cabin Inc. NMLS 1657322

The Gustan Cho Team at Loan Cabin Inc. Has A National Reputations For Its No Overlays On Government & Conventional Loan Programs

Over 75% of borrowers who consult The Gustan Cho Team at Loan Cabin Inc. NMLS 1657322 are folks who either gotten a mortgage denial or are going through a stressful mortgage process.

  • The mortgage process may be complex but there is no reason why borrowers cannot meet their closing date
  • The sole reason of borrowers going through major stress during the loan process is due to not being properly qualified by their loan officer
  • The mortgage loan originator either hastily issued a pre-approval or was not aware of mortgage guidelines or their lender overlays
  • The pre-approval stage of the mortgage process is the most important phase of the mortgage loan application and approval process

About Gustan Cho Associates At Loan Cabin Inc.

Gustan Cho Associates, a division of Loan Cabin Inc. NMLS 1657322 is a full service mortgage company and direct lender.

  • Gustan Cho Associates at Loan Cabin Inc. is licensed in multiple states with the ability to broker and bank government, conventional, and alternative mortgage loans
  • Gustan Cho Associates Mortgage Group is headquartered in Lombard, Illinois and has a national reputation of closing loans in 21 days or less
  • The Gustan Cho Team at Loan Cabin’s mission and goal is to treat each borrower like they would treat their family member
  • Borrowers trust loan officers and give them the trust and faith in closing their home loans
  • We take our borrower’s trust and faith seriously
  • We realize that our borrowers give us the most private and confidential information such as the following:
    • tax returns
    • W2s
    • bank statements
    • divorce decree
    • bankruptcy/foreclosure/short sale paperwork if applicable
    • child support/alimony paperwork if applicable
    • bank statements
    • social security/pension award letters
    • letters of explanations
    • other documents
    • Our borrowers and their families are counting on us on not just closing on their home loans but closing it on time
  • There is no reason why our borrowers need to request closing extensions to sellers
  • There is no reason why mortgage underwriters need to keep on coming back with conditions after conditions after the initial conditional loan approval
  • Realizing the importance the huge responsibility we have to our borrowers, our licensed and support team at The Gustan Cho Team at Loan Cabin Inc. are available to all of our borrowers and realtors 7 days a week, including evenings, weekends, and holidays
  • All of our borrowers and those involved in a home purchase transaction have our cell and home numbers
  • All calls and/or emails to us and every member of our team will be returned in a timely fashion

Our Loan Programs At Gustan Cho Associates At Loan Cabin Inc.

Gustan Cho Associates at Loan Cabin Inc. is a direct lender with no overlays on government and conventional loan programs.

Here are the loan programs we offer:

  • FHA Loans with no overlays
  • Credit Scores down to 580 FICO for FHA Loans with 3.5% down payment
  • VA Loans with no overlays with the exception of 580 FICO
  • Debt to Income Ratio up to 56.9% on FHA Loans with no overlays
  • No debt to income ratio requirements on VA Loans
  • Will go off automated approval findings and no overlays on VA Loans
  • No overlays on Fannie Mae/Freddie Mac
  • NON-QM Loans: No waiting period after bankruptcy and foreclosure
  • Bank statement loans where no income required. Just go off bank statement deposits
  • No overlays on collection accounts and charge off accounts on FHA Loans
  • Borrowers do not have to pay off outstanding collection account balances and/or charge off balances
  • 95% Loan To Value Jumbo Mortgages
  • Non-Warrantable Condominiums and Condotel Financing
  • Closings in 21 days or less
  • Borrowers can qualify for a FHA Loan During And After Chapter 13 Bankruptcy Discharge
  • Borrowers can qualify for FHA Loans one year into a Chapter 13 Bankruptcy Repayment Plan with the approval of the Chapter 13 Bankruptcy Trustee
  • No waiting period after a Chapter 13 Bankruptcy discharged date
  • No overlays on Conventional Loans with mortgage part of bankruptcy
  • Four year waiting period after the discharged date of Chapter 7 Bankruptcy regardless of when the foreclosure was recorded
  • However, foreclosure needs to be finalized
  • FHA 203k Rehab Loans
  • Reverse Mortgages
  • Accelerated Buyer Mortgage Program which is TBD Underwriting/Mortgage Approval with no subject property
  • W-2 Income Only mortgage loan program for both FHA Loans and Fannie Mae Conventional Loans
  • All pre-approvals close

Available 7 Days To Answer Any Mortgage Inquiries

The Gustan Cho Team at Loan Cabin Inc. is available 7 days a week, evenings, weekends, and holidays to take any mortgage inquiries or calls and answer any mortgage related questions. Please contact us at 262-716-8151 or text us for faster response. Or email us at

Massimo Ressa is our Chief Executive Officer, Gustan Cho is our national managing director, and Piotr Bieda is our Chief Technology Officer at Gustan Cho Associates at Loan Cabin Inc.


  1. […] The Gustan Cho Team at Loan Cabin Inc.┬áhas no overlays on government and conventional loans. This overlay has significant impacts on the overall landscape of the mortgage profile because while the lender will consider the debt, they cannot consider the income of the non-borrowing spouse. In addition to the restrictions listed above, there will likely be mortgage pricing impacts and the interest rate will be less advantageous than ones offered to those borrowers with a 620 FICO score. Massimo Ressa is the Chief Executive Officer and associate of Gustan Cho. Gustan Cho NMLS 873293 is the National Managing Director of Gustan Cho Associates at Loan Cabin Inc. NMLS 1657322