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…
GMFS Mortgage is celebrating 24 years of Changing Lives! We are proud to have served over 150,000 customers with over $30 billion in residential funding.
LLPA Myth Busting: The Truth about New Fee Changes In January 2023, Fannie Mae and Freddie Mac (Federal Housing Financing Agencies) announced changes to Loan Level Pricing Adjustments (LLPA). Some of these changes include factoring in a borrower’s debt-to-income…
GMFS Mortgage Loan Officers Named Top Originators in Scotsman Guide 2023 List 9 GMFS Mortgage Loan Officers have been named to the Scotsman Guide’s annual Top Originators rankings! The Scotsman Guide’s Top Originators list receives thousands of applicants in order…