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Exciting New Updates for Borrowers

Exciting New Updates for Borrowers

CategoriesFinancial Education / First Time Home Buyer / News & Awards

Rebecca Squyres

October 12, 2023

New loan program updates are making it easier for qualified borrowers to purchase their dream home!

A few updates GMFS Mortgage is excited to share:

  1. 5% down payment for 2-4 units/primary residence – November 18, 2023 
  2. $750,000 conventional loan limit increase – Accepting on applications now! 
  3. Reduce documentation needed for Self employed borrowers – January 1, 2024 

Owning your dream home is possible. Talk with a GMFS Mortgage Loan Officer today to see how we can help you make it happen!

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Equal Housing Lender. ©2017 GMFS LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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