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…
The Federal Housing Finance Agency (FHFA) announced that conventional loan limits are increasing. The new 2024 base loan limit in most of the country will be $750,000! An increase in loan limits may help more people qualify for conventional loans,…
Fannie Mae, the Federal National Mortgage Association, recently announced upcoming changes that include smaller down payments on multifamily homes! You can now purchase a 2-4 multiunit home as an owner-occupied primary residence with as little as 5% down! Previous requirements…
GMFS Mortgage is the #1 USDA Lender in Louisiana…Again! GMFS is excited to announce we’re ranked by USDA’s Top Guaranteed Rural Housing Lenders State Rankings as a top USDA Lender! Thank you and congratulations to all! #1 Lender in Louisiana…
Scotsman Guide Top Women Originators 2023 List Congratulations to our Loan Officers, Stephanie Machado and Aimia Doucet, for making the Scotsman Guide Top Women Originators 2023 list! The Scotsman Guide list is a trusted and reputable source for leaders in…
ACT 458 – Carbon Monoxide Detectors Required in All Louisiana Homes Effective January 1, 2023, carbon monoxide detectors became required in all homes in Louisiana. “Carbon monoxide detectors will be required by law in every one or two family home…
Great news! The cancellation of proposed Debt-to-Income (DTI) related Loan Level Pricing Adjustments have been dropped by the Federal Housing Finance Agency (FHFA). These fees would have impacted borrowers who spend more than 40% of their gross monthly income towards…