Buying a home is one of life’s most exciting milestones, but the journey can feel overwhelming without the right help. Understanding the role of loan officers is essential when navigating the home-buying process. These professionals guide borrowers through securing a…
For anyone considering buying a home in Louisiana, one of the biggest questions looming is this: Will mortgage rates go down in 2025? After a few uncertain years for the real estate market, many potential homebuyers and homeowners alike are…
Great news! Keys For Service, a down payment assistance program, is now open to ALL employment types. This program is great for homebuyers with a household income at or below $125,000 looking to buy a a principal residence. Learn more…
The Federal Housing Finance Agency (FHFA) announced that conventional loan limits are increasing. The new 2025 base loan limit in most of the country will be $795,000! An increase in loan limits may help more people qualify for conventional loans,…
New guideline updates are making it easier for self-employed or 1099 income borrowers to get pre-qualified for their dream home! You may qualify for a mortgage: Use 1099 & YTD Bank Statements 1099 income eligible in lieu of tax returns…
Did you know eligible homebuyers could qualify for a 100% financing, meaning no down payment, through an FHA loan? GMFS Mortgage is excited to offer more no down payment mortgages to qualified homebuyers! Down Payment Assistance for FHA Loans program…
New Fannie Mae and Freddie Mac guidelines are helping more self-employed borrowers get pre-qualified for home loans! Beginning January 2024, only 1 year of income history is sufficient enough to approve financial stability under certain conditions. Traditionally, 2 years worth…
New loan program updates are making it easier for qualified borrowers to purchase their dream home! A few updates GMFS Mortgage is excited to share: 5% down payment for 2-4 units/primary residence – November 18, 2023 $750,000 conventional loan limit…