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 Ranked Best Mortgage Company for FHA Home Loans in Louisiana by Ask a Lender for 2018

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

Contact a GMFS Mortgage Loan Officer today!

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