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Realtor Blog

usda 2025 income limit increase

USDA Rural Development Income Limits 2025

USDA Rural Development increased Income Limit for the Single Family Guaranteed Loan Program in 2024. Get pre-qualified today!
Happy young couple receiving keys from realtor, purchasing real estate

Will Mortgage Rates Go Down in 2025?

Curious if mortgage rates will go down in 2025? GMFS Mortgage explores expert predictions, housing trends, and what this means for homebuyers in Louisiana.
keys for service open to all employment types

Keys For Service – Now Open to All Employment Types

Keys For Service, a down payment assistance program, is now open to ALL employment types. Get started with our team today!
A realtor and homeowners discuss the National Association of Realtors settlement which may go into effect in July 2024

NAR Settlement

A settlement with the National Association of Realtors regarding agent commissions and listing prices may go into effect July 2024.
carbon monoxide detector mounted on a white wall

New Carbon Monoxide Detector Law in Louisiana

At least one operable, life-long sealed battery carbon monoxide detector is required when the dwelling is sold, donated or leased.
A family enjoying breakfast together in their new home, purchased with the help of GMFS Mortgage.

Louisiana Housing Program – Down Payment Assistance

GMFS Mortgage offers down payment assistance programs for qualified first-time and repeat Louisiana homebuyers. 
A family enjoying breakfast together in their new home, purchased with the help of GMFS Mortgage.

Bank Statement Programs

Self-employed borrowers may benefit from bank statement mortgage. Instead of a W2, we use 1-to-2 years of bank statements
A family unpacks boxes after moving into their new home, purchased with the help of GMFS Mortgage.

Louisiana Housing Program – Pathway 2 Homeownership

GMFS is offering a unique opportunity for eligible homebuyers in communities that were impacted by hurricanes
A young family tours a new home purchased with the help of a loan officer from GMFS Mortgage

Expanded Products Help More Borrowers Qualify

It can be difficult for buyers to get a mortgage - especially if they have a thin credit history, are self-employed or contract workers.
gmfs mortgage usda lender of the year usda louisiana lender

GMFS Mortgage USDA Lender of the Year

GMFS Mortgage is proud to accept the USDA Lender of the Year award! GMFS Mortgage helped 1,391 families with their USDA loans in 2020
Two men review and discuss a document pertaining to a mortgage on a home in Baton Rouge

Student Loan Relief Options for Prospective Buyers

FHA has made changes that may allow prospective buyers with student loans more flexibility.  FHA will now take income based repayment or .5%
Banner showing GMFS ranked #1 and #5 USDA lender for Louisiana and Alabama.

GMFS Mortgage #1 USDA RD Lender

GMFS is pleased to be ranked in USDA’s Top Guaranteed Rural Housing Lenders National and State Rankings! This is a repeated award for GMFS