From LPB’s Louisiana: The State We’re In – Tom D’Armond, VP GMFS, discusses the current problem and solutions for homeowners during the pandemic. Louisiana ranks second in the nation in homeowners who are behind in their mortgage payments, related to…
GMFS Mortgage was ranked #1 USDA Rural Development Loan Lender …again! During #HomeownershipMonth2020, USDA RD acknowledged GMFS Mortgage as a top producing lender Louisiana and #5 Lender in Alabama for 2019.
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…
Yesterday, the Federal Housing Finance Agency (FHFA) announced that the conventional loan limits will be increasing by 6.9% next year (2019). Conventional loans are also known as conforming loans. But there is no need to wait for 2019, because effective immediately – GMFS…
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.