USDA Rural Development Loan Income Limits 2023 Great news! Recently, USDA Rural Development increased the 2023 Income Limits for the Single Family Guaranteed Loan Program. Higher limits mean more people will now fall within the income guidelines for USDA RD…
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…
Down Payment Assistance for First-Time and Repeat Buyers In partnership with Louisiana Housing Corporation, GMFS Mortgage offers down payment assistance programs for qualified first-time and repeat Louisiana homebuyers. This is a FORGIVABLE assistance offering that can be paired with both…
Self-employed borrowers may benefit from a bank statement mortgage program. When home buyers can’t get a traditional mortgage, our bank statement program can help qualified borrowers. Instead of a W2, we use 1-to-2 years of bank statements to evaluate a…
Pathway 2 Homeownership – 20% Down Payment Assistance Program In partnership with Louisiana Housing Corporation, in an effort to help rebuild affected areas, GMFS is offering a unique opportunity for eligible homebuyers in communities that were greatly impacted by recent…
New FHA 2023 Loan Limits Great news! In most areas of the country, FHA has increased its loan limit ceiling from $420,680 to $472,030! This may allow more borrowers to qualify for FHA home loans! If you are wondering what…
It can be difficult for first-time home buyers to get a mortgage – especially if they have a thin credit history, are self-employed or contract workers. We’re here to help with loan programs including several Non-QM mortgage programs and products…
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. Together we are #ChangingLives! Learn more about USDA RD home loans at www.gmfsmortgage.com/usda Pictured: GMFS Mortgage…