Great news in 2023 – Mortgage Insurance will cost less on new FHA home loans Financing a home just became more affordable for hundreds of thousands of buyers! Beginning March 20, most FHA loans will carry lower mortgage insurance premiums….
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 $726,200! Start using these NEW limits today!
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!…
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…
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…
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…