100% Mortgage (Zero Down Mortgage) Home Loans
For today’s home buyers with good credit and a steady income, 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 first 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 for both 2015 and 2016
- 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
Learn more about USDA Rural Development Loans
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 Advantage powered by CAFA
- A unique program to jump-start Louisiana homeownership through the benefit of a non-repayable homebuyers grant of up to 4% of the original mortgage amount
- The non-repayable grant is provided by Capital Area Finance Authority (CAFA)
- Eligible for primary residence only and only in approved Louisiana parishes
Customer Reviews
When it comes to mortgage services, GMFS Mortgage is by far the best. Get these people the information they need and they’ll take it from there. First class operation from top to bottom. Was informed every single step of the way and never felt out of the loop. They’re about as good as it gets.
Everyone we dealt with were absolute professionals and treated us like family. They did their best to make sure we were satisfied and at the end of the day we were more than satisfied!
I can’t say enough good things about my experience with Clarisse. She was professional, timely and ensured all involved were well informed and kept on task. Clarisse was quick to respond to any questions I had and often addressed them before I even asked. From start to finish, this was one of the smoothest loans/closings I’ve been involved with (4th one). I’ll be recommending Clarisse every opportunity I get! [Zillow reviews]
Clarisse was amazing to work with! She was very helpful and was always there to walk us through things! We had a ton of questions since we were first time home buyers and she was able to answer all of them and made the process simple as possible for us. I would highly recommend her to anyone! [Zillow reviews]
GMFS Mortgage was very outstanding. Ashley done an awesome job, helping and teaching both my wife Regina and I. I want to say thank you all for such an amazing job. Mr. and Mrs. Douglas R.
Established
Over 89,000 customers and $14.9 billion in residential mortgage funding in 23 states
Efficient
Processing, underwriting, and closing under same roof means smooth & predictable closings
Trusted
A+ rating with BBB and winner of Torch Award for Marketplace Trust
Experienced
GMFS staff has an avg. of 14+ years of mortgage industry experience