How will the Federal Reserve impact mortgage rates? Homebuyers sometimes misunderstand how the Federal Reserve affects traditional mortgage rates. The Fed doesn’t actually set mortgage rates. Instead, it determines the federal funds rate, which generally impacts short-term and variable (adjustable)…
GMFS is Now Accepting all VISA Types on Conforming Loans Citizenship Requirements Borrowers must meet the following requirements: Each borrower on the loan must have a valid Social Security number Each borrower must have a valid VISA Employment authorization document…
Great news! FHA Loan Limit Increases for 2020 New 2020 Loan Limit for FHA one-unit property: $331,760 Read HUD Announcement Get pre-qualified with our award-winning team today!
GMFS is now accepting new applications with increased 2020 conventional loan limits! The Federal Housing Finance Agency (FHFA) announced Tuesday that conventional loan limits are increasing. The new 2020 base loan limit in most of the country will be $510,400 (a…
Big news – we’ve closed over 100,000 home loans! 🎉 Congratulations to our hard working team for achieving this milestone. Cheers to 100,000 more!
The Greater Baton Rouge Business Report has once again named GMFS as one of the Best Places to Work in Baton Rouge, Louisiana! GMFS Mortgage was also named a Best Places to Work in 2016, 2017 & 2018. This survey…
GMFS Mortgage Top Mortgage Company Team Acadiana has been recognized as one of the top 3 mortgage companies! The Times of Acadiana Best of 2019 researched the Lafayette, Youngsville and Acadiana areas for the best mortgage lender and GMFS Mortgage…
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…