GMFS is pleased to re-introduce the Conventional Purchase Advantage Program with the Capital Area Finance Authority (CAFA). Borrowers can receive an assistance amount of 3% or 4% on Conventional Loans. The assistance may be used for down payment, closing costs,…
At GMFS Mortgage, we make the home buying process easy! If you are thinking of buying a home for the first time, you may not know where to start. 10 Steps to Buying a Home 1) Save for a…
USDA Rural Development Increases Income Limits – More People Eligible Recently, USDA Rural Development increased the 2019 Income Limits for the Single Family Guaranteed Loan Program. Higher limits mean more people will now fall within the income guidelines for USDA…
Mortgage Rates Have Dropped Even Lower Mortgage rates are below 4%, making them the lowest in years. You can get a great loan now to renovate or refinance your home! Are you thinking about purchasing your dream home or building…
Are you maximizing all the tax benefits available to you as a homeowner? Tax breaks for homeowners: Staying up-to-date on the latest tax rules is a smart move. With the recent changes from the Tax Cuts and Jobs Act, you…
Yesterday, the Federal Housing Finance Agency (FHFA) announced that the conventional loan limits will be increasing by 6.9% next year (2019). Conventional loans are also known as conforming loans. But there is no need to wait for 2019, because effective immediately – GMFS…
This GMFS Mortgage video explains the things you should NOT do while going through a home loan application process so that you can avoid complications, get approved and close on time.
Concerned About Saving for Your First Down Payment? A big misconception among first-time home buyers is that you need a 20% down payment to purchase a home. Several home loan programs now have minimum down payment options resulting in…