DSCR (Debt Service Coverage Ratio) for Property Investors Property investors have many options and should feel good about their business purpose loan. The GMFS DSCR (Debt Service Coverage Ratio) products are designed to give these valuable borrowers a real choice…
Down Payment Assistance for First-Time and Repeat Buyers In partnership with Louisiana Housing Corporation, GMFS Mortgage offers down payment assistance programs for qualified first-time and repeat Louisiana homebuyers. This is a FORGIVABLE assistance offering that can be paired with both…
2023 Capital Area Heart Walk Join Team GMFS for the 2023 Capital Area Heart Walk Saturday, March 25th! Walkers and donations attribute to more research, training and medical breakthroughs for heart disease and stroke! Date & Time Saturday, March 25,…
Self-employed borrowers may benefit from a bank statement mortgage program. When home buyers can’t get a traditional mortgage, our bank statement program can help qualified borrowers. Instead of a W2, we use 1-to-2 years of bank statements to evaluate a…
Pathway 2 Homeownership – 20% Down Payment Assistance Program In partnership with Louisiana Housing Corporation, in an effort to help rebuild affected areas, GMFS is offering a unique opportunity for eligible homebuyers in communities that were greatly impacted by recent…
FHFA Changes Help First-Time Homebuyers A recent rate adjustment from Fannie and Freddie is motivating first-time home buyers under the median average income to apply for homeownership. Highlights: Interest Rate Reduction UP to 97% LTV Low credit score acceptance Some…
New FHA 2023 Loan Limits Great news! In most areas of the country, FHA has increased its loan limit ceiling from $420,680 to $472,030! This may allow more borrowers to qualify for FHA home loans! If you are wondering what…
The Federal Housing Finance Agency (FHFA) announced that conventional loan limits are increasing. The new 2023 base loan limit in most of the country will be $726,200! Start using these NEW limits today!