USDA Rural Development Increases Income Limits – More People Eligible Recently, USDA Rural Development increased the 2019 Income Limits for the Single Family Guaranteed Loan Program. Higher limits mean more people will now fall within the income guidelines for USDA…
Mortgage Rates Have Dropped Even Lower Mortgage rates are below 4%, making them the lowest in years. You can get a great loan now to renovate or refinance your home! Are you thinking about purchasing your dream home or building…
The Market for Today’s Homebuyer Today’s homebuyers are looking for a single-family home. This accounts for about 82% of the market. The average purchase price for a home is $250,000 with a 13% down payment. For first time buyers, this down…
Considering Home Resale Potential Buying a home should be a very exciting time but it’s important to consider a few factors. You’ll probably want to sell this home sometime in the future and you need to consider how your house…
Your Home Equity Could Mean Extra Cash with a Cash Out Refinance With low rates and rising home values, now might be the perfect time to refinance. Tap into your home’s equity to renovate your home, take a dream vacation,…
GMFS Mortgage Opens New Branch Officer in Fripp Island, SC We are excited to announce our newest branch location in Fripp Island, SC. GMFS Mortgage is a five star residential mortgage lender offering home loans to borrowers to buy, build,…
GMFS Mortgage Sponsors Patriots for Freedom Hero Cup Monday, March 25 – First Responders met at the University Club Golf Course to participate in the Hero Cup. GMFS is excited and proud to have been a sponsor of this tournament….
Have you considered refinancing your home loan to a shorter term to save money? When you switch to a shorter loan term, you’ll typically get a lower interest rate — often a full percentage point or more. And when you…