Conventional Fixed Rate Mortgage

A “Conventional” (Conforming) Fixed Rate mortgage is ideal for borrowers with good credit needing a loan under $806,500 that plan to stay in the home for several years. A “conventional” (conforming) mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation.

Features of Conventional Fixed Rate Mortgage

Maximum loan amount is generally limited to $806,500 for a single-family home (limits may be higher in regions where home prices are higher)
Typically requires at least 5% down payment although options as low as 3% down could be available. (Terms improve with higher down payment amounts)
Popular fixed rate loan terms include 30-year, 20-year and 15-year (the longer the loan term the lower the monthly payments but also the more interest paid over the life of the loan)
Eligible for first time homebuyer or repeat buyer
Eligible for primary residence, secondary home or investment property

Benefits of Conventional Fixed Rate Mortgage

Interest rate does not change over the life of your loan, so easy to budget for monthly payments
May offer a lower interest rate and APR than other types of fixed-rate loans

Contact a GMFS Mortgage Loan Officer today!

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Greg was fantastic to work
Greg was fantastic to work with. He explained things in a way that was easy to understand and helped guide us through the process smoothly. As a first time home buyer, this was much appreciated.
I’d 100% recommend GMFS to
I’d 100% recommend GMFS to anyone at anytime! My son and I are beyond grateful for Mr. Blake, Ms. Sandy and Ms. Robin, they all were AMAZING! This home buying experience was a 1st for me. I was so nervous and even doubtful at first, but once the process got going, that all went away. I’m so thankful for them! God bless all!!!!!
Great experience for a first
Great experience for a first time home buyer! John made us feel so comfortable for the whole purchase process.
Extremely knowledgeable and was a
Extremely knowledgeable and was a simple process that could have been a nightmare for a first time home buyer. Ryan and Adam were absolutely great to work with. Without a doubt, if I needed a mortgage agent I wouldn’t hesitate to call Ryan and his team again. Very impressed!!!!
I had an amazing first
I had an amazing first time home buying experience. MeLisa and team went above and beyond to bring us to the closing table, and did it in such a timely manner. MeLisa was amazing to work with and kept me in the loop every step of the way!
Landon F.
Debbie did an incredible job every step of the way from the application all the way to closing. She was the only lender from the list I inquired from that bothered to call me to have an actual conversation about where I was at and what was right for me. Highly recommend, especially for any first time home buyers that are feeling nervous and not sure where to begin.
Garrett T.
Worked with Paul Plaisance to secure lending for our first home. Paul made it a very easy process. He was informative, clear, fair, and always accessible by phone or text. Thanks to Paul we secured lending at a great rate and did it timely so we could close on time!

WHY GMFS MORTGAGE?

Our avg. customer feedback rating = 4.8 stars! Experience for yourself why so many of our customers and partners refer GMFS Mortgage to their family, friends and clients!

Established

Over 150,000 customers and $30 billion in residential mortgage funding in 23 states

Efficient

Processing, underwriting, and closing under same roof means smooth & predictable closings

Trusted

A+ rating with BBB and winner of Torch Award for Marketplace Trust

Experienced

GMFS staff has an avg. of 14+ years of mortgage industry experience

*Not a commitment to lend. All loans subject to credit and property approval. The following terms are for illustrative purposes only. Rates, payments, and loans terms vary by consumer based on their individual qualifying information. The payment amount illustrated does not include the amounts for taxes, property insurance, or mortgage insurance.

Loan Term	Down Payment	Annual Percentage Rate	Estimated Monthly Payment
30 year fixed rate	10% (90% LTV)	4.75%	$1,043