New 2023 Conventional Loan Limit Increase
The Federal Housing Finance Agency (FHFA) announced that conventional loan limits are increasing. The new 2023 base loan limit in most of the country will be $715,000! Start using these NEW limits today!
FHA and VA Loan Credit Score down to 580 and 600
Great news! GMFS Mortgage is now offering FHA Loans down to 580 credit score & VA Loans down to 600 credit score. Our new FHA and VA loan program requirements may allow more borrowers to qualify for a home loan!…
New 2022 Conventional Loan Limit Increase
The Federal Housing Finance Agency (FHFA) announced that conventional loan limits are increasing. The new 2022 base loan limit in most of the country will be $647,200! Start using these NEW limits today!
Student Loan Relief Options for Prospective Buyers
Good news! FHA has recently made changes that may allow prospective buyers and borrowers with student loans more flexibility. FHA will now use .5% – previously it was 1% – of the outstanding loan balance to calculate debt. This may…
FHA and VA Loans Down to 620
Good news. There have been updates to Government Loan Fico Score requirements that may allow more borrowers to qualify! FHA and VA Loans may accept FICOS down to 620! Contact a GMFS Mortgage Loan Officer today for a no-obligation consultation…
FHA & VA Loan Limits Increased for 2019
HUD and VA announced that loan limits will be increasing next year (2019). Loan Type New 2019 Loan Limit Effective FHA $314,827 Read HUD Announcement National limit for a one-unit property Applicable with case #’s ordered on or after January…