New Fannie Mae and Freddie Mac guidelines are helping more self-employed borrowers get pre-qualified for home loans! Beginning January 2024, only 1 year of income history is sufficient enough to approve financial stability under certain conditions. Traditionally, 2 years worth…
New FHA 2024 Loan Limits Great news! In most areas of the country, FHA has increased its loan limit ceiling from $472,030 to $498,257! This may allow more borrowers to qualify for FHA home loans. FHA loans feature low down…
GMFS Mortgage offers HomeStyle Energy Mortgage for financing upgrades to reduce utility costs and improve the protective resilience of your home. This includes upgrades to energy and/or water efficiency or protective improvements from natural disasters. Plus, receive a $500 credit…
New loan program updates are making it easier for qualified borrowers to purchase their dream home! A few updates GMFS Mortgage is excited to share: 5% down payment for 2-4 units/primary residence – November 18, 2023 $750,000 conventional loan limit…
Fannie Mae, the Federal National Mortgage Association, recently announced upcoming changes that include smaller down payments on multifamily homes! You can now purchase a 2-4 multiunit home as an owner-occupied primary residence with as little as 5% down! Previous requirements…
GMFS Mortgage is the #1 USDA Lender in Louisiana…Again! GMFS is excited to announce we’re ranked by USDA’s Top Guaranteed Rural Housing Lenders State Rankings as a top USDA Lender! Thank you and congratulations to all! #1 Lender in Louisiana…
If you’re a homeowner that itemizes tax deductions, you can deduct your mortgage interest for qualified primary and secondary residences bought, built or improved. It’s one of the many benefits of homeownership! What is the Mortgage Interest Rate Deduction The…
Scotsman Guide Top Women Originators 2023 List Congratulations to our Loan Officers, Stephanie Machado and Aimia Doucet, for making the Scotsman Guide Top Women Originators 2023 list! The Scotsman Guide list is a trusted and reputable source for leaders in…