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 FHA 2024 Loan Limits Great news! In most areas of the country, FHA has increased its loan limit ceiling from $472,030 to $498,257! This may allow more borrowers to qualify for FHA home loans. FHA loans feature low down…
GMFS Mortgage offers HomeStyle Energy Mortgage for financing upgrades to reduce utility costs and improve the protective resilience of your home. This includes upgrades to energy and/or water efficiency or protective improvements from natural disasters. Plus, receive a $500 credit…
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…
If you’re a homeowner that itemizes tax deductions, you can deduct your mortgage interest for qualified primary and secondary residences bought, built or improved. It’s one of the many benefits of homeownership! What is the Mortgage Interest Rate Deduction The…
GMFS Mortgage debt consolidation program is designed to simplify your finance and help you become debt-free. GMFS can offer relief from managing multiple debts. Whether you’re looking to pay off credit card debt, car loans, or other high-interest loans, we…