Homeownership is in reach with $2,500 down payment assistance! With a low down payment and expanded financing flexibility, HomeReady offers an ideal mortgage solution for borrowers whether they’re first-time or repeat buyers. To address some of the barriers to entry…
In the ever-changing housing market landscape, keeping an eye on interest rates is crucial for prospective homebuyers. If you’re in the market for a home, there’s good news on the horizon: lower interest rates in 2024. At GMFS Mortgage, we…
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…
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…