Expanded Prime Mortgage / Non-QM Loans
Expanded Prime loans allow for a greater range of borrowers to qualify that may not be eligible for traditional conventional loans, especially self-employed borrowers and those with sufficient assets to cover a loan.
Features
- Personal & Business Bank Statements with the use of 1099’s
- Loan amounts up to $3 Million
- DTI up to 50%
- 1-Year Tax Return and W-2 Doc Options
- Investors with greater than 10 properties
- Non-Warrantable Condos
- Prior Foreclosure or Bankruptcy
- Up to 90% LTV
- No MI
- Interest Only options for Fixed and ARMs
- Prepayment Penalty for Investment Properties that Offer More Attractive Pricing
- 5/6 SOFR ARM
Contact a GMFS Mortgage Loan Officer today!
Customer Reviews
All of the professionals at GMFS were amazing with helping us through the homebuying process, which is usually stressful! Thank you for being so proactive and so helpful, and easing our minds with it! Highly recommended!
My clients and I had an exceptional experience working with John. This was their first home purchase so they naturally had lots of questions. John guided them through the process with patience and went over and above to explain every question they had. He made them feel very comfortable in making this big decision. He was extremely timely and communicated with all of us extensively.
I have no area of concern or suggestion of improvement. I will send any client needing a mortgage officer to John at GMFS.
Ryan Larussa is a very very good realtor. He was very patient with me as I stressed out about moving to Baton Rouge from Shreveport and buying a condo. He met with me regularly and gave me good advice on explaining why I was keeping my townhouse in Shreveport. I have had a very good experience with the mortgage provider and insurance agent and that is due to Ryan’s work. I would recommend him to others and have asked him to be my realtor when I move back to Texas.
Ryan has been incredibly accessible throughout the entire process. He is a great person that will give you honest answers and advice. He’s taken some of the stress out of the buying process.
Heather was champion through all of the changes I had to go to get to the closing she is awesome
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Customer Reviews
All of the professionals at GMFS were amazing with helping us through the homebuying process, which is usually stressful! Thank you for being so proactive and so helpful, and easing our minds with it! Highly recommended!
My clients and I had an exceptional experience working with John. This was their first home purchase so they naturally had lots of questions. John guided them through the process with patience and went over and above to explain every question they had. He made them feel very comfortable in making this big decision. He was extremely timely and communicated with all of us extensively.
I have no area of concern or suggestion of improvement. I will send any client needing a mortgage officer to John at GMFS.
Ryan Larussa is a very very good realtor. He was very patient with me as I stressed out about moving to Baton Rouge from Shreveport and buying a condo. He met with me regularly and gave me good advice on explaining why I was keeping my townhouse in Shreveport. I have had a very good experience with the mortgage provider and insurance agent and that is due to Ryan’s work. I would recommend him to others and have asked him to be my realtor when I move back to Texas.
Ryan has been incredibly accessible throughout the entire process. He is a great person that will give you honest answers and advice. He’s taken some of the stress out of the buying process.
Heather was champion through all of the changes I had to go to get to the closing she is awesome
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 |