New USDA Income Limits Recently, USDA Rural Development increased the 2020 Income Limits for the Single Family Guaranteed Loan Program. Higher limits mean more people will now fall within the income guidelines for USDA RD loans. New Income Limits for…
What is forbearance? Forbearance is only a postponement of the payments being due; where there is no negative impact to your credit as long as the proper process is followed. The guidelines are not dictated by GMFS; therefore we must…
GMFS is now accepting new applications with increased 2020 conventional loan limits! The Federal Housing Finance Agency (FHFA) announced Tuesday that conventional loan limits are increasing. The new 2020 base loan limit in most of the country will be $510,400 (a…
Removal of Duplication of Benefits Gives Flooded Homeowners Second Chance at Recovery Grants October 5th, 2018 – Congress and President Trump have passed new legislation overhauling federal disaster policies that will provide many Louisiana homeowners who flooded in 2016 a…
This GMFS Mortgage video explains the things you should NOT do while going through a home loan application process so that you can avoid complications, get approved and close on time.
Mortgage Experts with Secure & Easy Technology Watch this video for a sneak peek on how GMFS Mortgage experts provide a 5 star personalized home loan experience using secure and easy technology. Borrowers, realtors, and other mortgage stakeholders use our…
GMFS Mortgage is pleased to now provide monthly economic commentary and a monthly economic calendar to help Mortgage and Real Estate professionals stay informed about the most current key Economic Indicators and Economic Data such as Housing, Interest Rates, Labor, GDP,…
Considering Resale in the Future When you’re caught up in the excitement of shopping for your new home, it can be difficult to take a step back and consider a home’s resale value and where you’ll be in two, five,…