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

Learn more about VA Loans

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

Learn more about Purchase Advantage

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Established

Over 89,000 customers and $14.9 billion in residential mortgage funding in 23 states

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Experienced

GMFS staff has an avg. of 14+ years of mortgage industry experience