For anyone considering buying a home in Louisiana, one of the biggest questions looming is this: Will mortgage rates go down in 2025? After a few uncertain years for the real estate market, many potential homebuyers and homeowners alike are…
Great news! Keys For Service, a down payment assistance program, is now open to ALL employment types. This program is great for homebuyers with a household income at or below $125,000 looking to buy a a principal residence. Learn more…
USDA Rural Development Loan Income Limits 2024 Great news! Recently, USDA Rural Development increased the 2024 Income Limits for the Single Family Guaranteed Loan Program. Higher limits mean more people will now fall within the income guidelines for USDA RD…
Does the NAR settlement mean more flexibility for you? A settlement with the National Association of Realtors regarding agent commissions and listing prices may go into effect July 2024. What does this mean for homebuyers and sellers? Current Rules: NAR…
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…
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…