Down Payment Assistance Program

GMFS is excited to partner with the National Homebuyer Fund (NHF) to offer the Down Payment Assistance Program (DPA) for FHA Loans!

Older couple sitting at kitchen table discussing finances

The NHF is a Non-Profit Public Benefit Corporation that has helped finance more than 45,000 home purchases and provided over $400 million in down payment assistance!

Program Highlights:

  • FHA financing loan
    • FHA 1st lien
    • 3.5% of the sales price or appraised value (lesser of)
    • or 5% option available
    • 2ns lien must be 3.5% or 5% to match or get prior approval for lower amount
  • Funds can be used for Down Payment
  • Funds can be used for Closing Costs
  • Low credit score requirements
  • Primary Residence only
  • No first-time homebuyer requirement
  • Free Homebuyer Education Required
  • Generous income limits
  • Available in all GMFS lending states

*2nd lien is forgivable if: a.The loan has reached 10 years from Note date AND b.The loan is not paid off or called due within the first 10 years from the Note date c.The property is not sold, transferred, or otherwise disposed, include through foreclosure or transfer

Let’s Talk

Contact a GMFS Mortgage Loan Officer today!

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Rating: 5 out of 5

Worked with Ashley and she was heaven sent! Really nice, professional,and cares about her clients! Awesome person and we are blessed to have her.

jasmine g.
Rating: 5 out of 5

Had a great experience even after a major Hurricane!

Richard D.
Rating: 5 out of 5

From the first phone call I made Stinson supplied just the information I requested. And then I appreciate it, as well as I’m sure my clients did, that he came to the closing and was very professional and friendly. I enjoyed him very much as I’m sure my client did also.

Toni K. Baton Rouge, LA
Rating: 5 out of 5

Ashley was terrific. Wet friendly, thorough and detail oriented. Even though the process sucks Ashley went over and above to help at every step. If it weren’t for Ashley we’d be renting right now but instead we are living in our own home. Cannot thank her enough!

Krisha h.
Rating: 5 out of 5

This company was so easy to work with! Ashely and her team were prompt and very informative. Everything was easy and online, and with our hectic schedule we stayed on target and closed in a timely manner. They will be recommended to any in my circle buying a new home!

Worship D.

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.

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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 PriceLoan AmountInterest RateAPRTerm
$239,000$227,0506.5%6.725%30