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…
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…
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…
Hurricane Laura We are closely monitoring the impact of Hurricane Laura and are praying for all impacted. For general insurance questions, please 1-800-441-4145. If you have property damage or have questions about insurance claims, call 1-888-528-0454. Access information on assistance…
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…
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…