100 Percent Home Financing
100% Mortgage (Zero Down Mortgage) Home Loans
For many eligible home buyers, there are several no down payment mortgage programs available which offer 100% financing for purchase so you can buy a home or even refinance. GMFS Mortgage can explain your options for how to buy your home with no money down and determine if a no down payment mortgage is right for you!
100% Financing Home Loan Options
USDA Rural Development Loan
- Per the USDA, GMFS Mortgage has been the #1 USDA Rural Development lender in Louisiana, #5 in Alabama, #10 Nationwide (source)
- USDA Rural Development is typically the best home loan option for first time buyers that are not military veterans, assuming the property is in an eligible rural area
- Can be used to purchase your primary residence or refinance for rate term
VA Loan for U.S. Veterans
- GMFS Mortgage offers reduced fees to U.S. military veterans for VA loans
- VA loans are typically the best loan option for first time home buyers if one of the borrowers is a veteran
- Can be used to purchase a house for your primary residence, as well as, to refinance for cashout
Purchase with Seller Paying Closing Costs
A common purchase strategy of buyer agreeing to pay a higher dollar amount than normally would be negotiated (e.g. full asking price) in exchange for seller agreeing to pay closing costs. Net effect is that buyer does not have to pay out-pocket for their closing costs and seller nets same amount as if they would have sold for the lower price they realistically expected to sell home for.
NOTE: In order for the loan to be approved by the mortgage lender, the house will need to appraise for no less than the total contracted purchase price (which includes the added dollar value for the buyer’s closing costs).
Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.
| Purchase Price | Loan Amount | Interest Rate | APR | Term |
|---|---|---|---|---|
| $239,000 | $227,050 | 6.5% | 6.725% | 30 |
Let’s Talk
Contact a GMFS Mortgage Loan Officer today!
What Sets Us Apart
A Lender Who Cares
With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.
Established
Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.
Efficient
Everything from processing to closing happens under one roof. That means fewer hiccups…and more high-fives.
Trusted
A+ BBB rating. Torch Award for Marketplace Trust. A reputation built on doing the right thing.
Experienced
Our team averages 14+ years in the industry—and a lifetime of showing up for our clients.