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

I love the constant communication and how knowledgeable MeLisa is. Clients are her main focus and concern

Melissa J.
Rating: 5 out of 5

Jason was professional and knowledgeable and guided through the process expertly

Don D. LaPlace, LA
Rating: 5 out of 5

Great experience for a first-time home buyer!! John made us feel comfortable throughout the whole purchase process.

Olivia B.
Rating: 4.5 out of 5

Darren did a great job. He was very knowledgeable and responsive througho the process. Toward the end of the process we did get some odd request from loan approvers (not Darren) which is why I rated the overall experience as ok and not great (i.e. requirement to make cosmetic vinyl siding repairs prior to closing).

Jason M. Saint Francisville, LA
Rating: 5 out of 5

comunication and overall work

Brandon Lee C. Quitman, MS

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

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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