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 LOAN OPTIONS
- 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
- Minimum credit score of 580
GMFS MORTGAGE CUSTOMER REVIEWS
I had an awesome experience with Ms. Nicole and GMFS Mortagage while purchasing my new home. They were very helpful and put me on the right path to purchase my new home!
Kentrell J. GMFS Mortgage Customer
It was a pleasure working with Doug and his team. They are truly the best. Anyone interested in buying a home should contact them and you will have the keys to your new home. Thanks a million to you all.
Frank & Mecala R. GMFS Mortgage Customer
Everything was fast, on time and dey help me get everything i needed to get my approval!!! Thanks ryan
Vontrell F. GMFS Mortgage Customer
Best mortgage specialist EVER!!
Brandi D. GMFS Mortgage Customer
Phenomenal experience! The timing of our home purchase coincided with the August 2016 flooding of the metro Baton Rouge area, our loan officer and many of his staff were personally flooded out of their homes as a result. However, he and his entire team at GMFS still managed to deliver our mortgage for the scheduled closing date. We are deeply humbled and grateful for the professionalism and service they provided us, and confidently recommend the GMFS Mortgage team to anyone in the market for a mortgage!