Build A Home
Build. Renovate. Improve. We’ve Got You.
Whether you’re starting from scratch or just need a refresh, GMFS Mortgage offers construction and renovation loans with streamlined processes and personal support at every stage.
Construction Solutions
Flexible Financing for Every Project
From custom new construction to major renovations and energy-efficient upgrades, our construction lending team provides specialized financing solutions with the expertise and support you need.
Home Construction Loans
Expert Financing for Your Building Project
With in-house processing and personalized service, we guide you through each phase of construction financing with confidence and care.
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One Time Close Simplify your build with one streamlined loan. Our One Time Close option combines construction and permanent financing into a single loan. |
USDA One Time Close Build in eligible rural areas with little to no down payment. This USDA-backed loan covers both construction and long-term financing in one step and is ideal for qualified borrowers seeking affordability and simplicity. |
HomeStyle® Renovation Loan Turn a fixer-upper into your forever home. This loan lets you finance both your home purchase or refi and renovation costs in a single loan, making it easier to buy and upgrade all at once. |
|---|---|---|
| Minimum Down Payment | ||
| 5% for primary residence; land value may apply on refinance | 0% down (100% financing, excluding closing costs) | As low as 3% for first-time buyers; 5–10% for others |
| Interest Rate | ||
| Interest-only during construction; capped fixed rate after | Locked 30-year fixed rate at time of closing | Locked at closing with no rate change after renovation |
| Eligibility Requirements | ||
| Primary or second home; GMFS-verified contractor required | Primary residence in USDA-eligible area; GMFS-verified contractor required | Primary or second home; GMFS-verified contractor required |
| Additional Details | ||
| One closing with simple modification after construction | One closing with payment reserve for construction phase | One loan covers purchase/refinance and renovations |
HomeStyle Energy Mortgage
Upgrade the energy and/or water efficiency of an existing property including solar energy, protective improvements from natural disasters, new windows and doors.
Loan Product Details
- $500 credit at closing
- Mortgage can be used to pay off other energy related financing
- Save on future utility and repair costs
- Potentially lower interest rates compared to other forms of financing
- Max LTV (1-unit owner occupied) up to 97%
- Energy related financed improvements up to 15% of “as completed” appraised property value
Approved Improvements to Protect Home from Natural Disasters:
- Storm surge barriers
- Foundation retrofitting for earthquakes
- Hazardous brush and tree removal in fire zones
- Retaining walls to address mud or water flows
No Energy Report Required or Energy Report Waivers:
- Radon Remediation – installation covered
- ENERGY STAR – certified products
- Basic weatherization and water efficiency items up to $3,500
- Water efficient devices
- Renewable energy sources including solar panels, wind power, geothermal systems
- Environmental hazard damage repairs or protective improvements
Your Path to a Brand New Home
Let’s Break Ground
Building a home from the ground up is a big deal—but you don’t have to navigate it alone. At GMFS, our construction loan process is built to keep things simple, transparent, and tailored to you. From picking the perfect lot to picking up the keys, here’s what to expect along the way.
- Select Home & Homesite
- Work with GMFS Loan Officer for Pre-Approval
- Sign a Contact with Your Builder
- Finalize Plans
- Close on Your Loan
- Ground Breaks on Homesite
- Framing Starts on Home
- Progress Inspections Completed throughout Build
- Construction Continues
- Prepare for Loan Modification
- Home Inspection
- Final Walk Through
- Move in!
Expert Guidance
The Project Knowledge You Need
Our experts share insights to help you navigate the construction process with confidence.
Our Construction Loan Team
Meet Your Construction Experts
Construction Department Team
Construction & Renovation Loan Officers
Baton Rouge, LA
Alabama, Florida, Louisiana, Mississippi, South Carolina, Tennessee and Texas
Covington, LA
Alabama, Florida, Georgia, Louisiana, Mississippi, Tennessee and Texas
What Sets Us Apart
A Lender Who Cares
With GMFS Mortgage, you’re not just getting a loan—you’re getting a team that’s all in, every step of the way.
Established
Since 1999, we’ve helped over 150,000 people across 23 states become homeowners.
Efficient
Everything from processing to closing happens under one roof. That means fewer hiccups…and more high-fives.
Trusted
A+ BBB rating. Torch Award for Marketplace Trust. A reputation built on doing the right thing.
Experienced
Our team averages 14+ years in the industry—and a lifetime of showing up for our clients.
*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.
| Purchase Price | Loan Amount | Interest Rate | APR | Term |
|---|---|---|---|---|
| $239,000 | $227,050 | 6.5% | 6.725% | 30 |
Let’s Talk
Here to Help Make Home Happen
Our team of experienced mortgage professionals is ready to guide you through every step of your home financing journey. From application to closing, we’re committed to providing the personal attention and expert support you deserve.