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.

FHA has a NEW 100% Financing Home Loan Program for eligible purchase or refinance borrowers.  You do not have to be a first-time homebuyer to qualify.

GMFS Mortgage has funded over 26,000 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 100 Percent Loan

  • 100% Combined Loan to Value Financing
    ◦ 2nd lien for up to 30 years
    ◦ or “plus 2%” 2nd lien for 10 years (forgivable*)
  • Primary Residences only
  • Funds Can Be Used for Down Payment or Closings Costs
  • Low Credit Score Requirements
  • First Time or Repeat Homebuyers
  • Free Homebuyer Education Required
  • Generous Income Limits
  •  Available in all States GMFS Mortgage does business

*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

  • Click to Calculate Your FHA Loan Payment

Contact a GMFS Mortgage Loan Officer today!

Get Started with GMFS Mortgage

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Customer Reviews


Our avg. customer feedback rating = 4.8 stars! Experience for yourself why so many of our customers and partners refer GMFS Mortgage to their family, friends and clients!


Over 150,000 customers and $30 billion in residential mortgage funding in 23 states


Processing, underwriting, and closing under same roof means smooth & predictable closings


A+ rating with BBB and winner of Torch Award for Marketplace Trust


GMFS staff has an avg. of 14+ years of mortgage industry experience

*Government loans such as FHA, USDA and VA typically have more flexible guidelines than conventional loans but interest rates are typically higher. 

*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