FHA Home Loans
Compared to other home loans, FHA is typically the most flexible mortgage product with lower minimums for down payment and credit score, while allowing a higher debt-to-income (DTI) ratio. A FHA loan is typically the best home loan option for first time buyers who are not military veterans or the house is not in an eligible rural area designated by USDA.
GMFS Mortgage has funded over 17,900 FHA home loans
FHA Home Loan Features
- 96.5% maximum financing
- Upfront mortgage insurance required as well as a monthly amount for term of loan
- Expanded qualifying ratios and flexible credit guidelines
- FHA maximum loan amount varies by geographical area determined by FHA
- No income limits or location restrictions
- Can be used for purchases and refinance
- FHA loan minimum credit score = 580
Click to Calculate Your FHA Loan Payment
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Customer Reviews
My experience with Chantelle couldn’t have been better. She worked delegently and swiftly to get the job done. I would highly recommend her to anyone looking to purchase a home. [Zillow reviews]
My husband and I were very impressed with the level of expertise and professionalism that this staff exhibited. We worked with Clayton Woods and his team and they were fantastic. We appreciate them to the moon and back. We recommended them to our realtor, and we will also recommend them to friends for their future purchases!
The professionalism of Mr. Bryan was amazing! He went above and beyond. I would recommend EVERYONE going to GMFS Mortgage.
I was very pleased with my lender, polite, helpful and very professional. At some point during the process I expressed my feelings of being nervous and was reassured that the home buying process would be a smooth transition. [Zillow reviews]
Established
Over 96,000 customers and $16.7 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