When considering how to buy a house, the first step is to get pre-qualified with GMFS Mortgage before you start your search for your dream home. Being pre-qualified gives sellers the peace of mind knowing you will be able to finance the house after the purchase contract is signed, which can improve your negotiating position over other buyers.
Wondering if you're qualified to become a homeowner?A: There are a range of home loan programs with varying minimum qualifications and features such as low to zero minimum down payment. Depending on your goals, you more than likely qualify for at least one of the home purchase products. If not, our skilled Loan Officers can help you with a game plan to get qualified in the near future. You are probably closer than you think. Get Started with a free, no obligation consultation with an experienced GMFS Mortgage Loan Officer.
Concerned about your credit score?A: Your credit score is one of the key factors in determining what type of mortgage and interest rate you qualify for. Of course, the higher your score the lower rate and more options that you may have. However, there are lots of programs available where lower credits scores are acceptable and you can accomplish your dream of home ownership. Some of these options even offer very little or no down payment. You are entitled to order a free copy of your credit report every 12 months from each of the major credit reporting agencies (Equifax, Experian, and TransUnion) through www.AnnualCreditReport.com. This site is the only one that is government authorized to provide you with FREE copies of your credit report. Dispute any errors on your credit report and get them resolved as quickly as possible. Also, do not open any new accounts within at least six months of applying for a mortgage. For more tips about building or improving your credit, Get Started with GMFS Mortgage.
Concerned about saving for your down payment?A: Several home loan programs now have minimum down payment options ranging from 0%-3% of your loan amount. Keep in mind, the total cost of your financing decreases as your down payment amount increases. That being said, there are circumstances when the lower down payment options make sense as well. Your GMFS Mortgage Loan Officer can review the best options for your situation and also let you know if there are any homebuyer assistance programs featuring non-repayable grants, available in your area that you qualify for. Get Started
How does student loan debt affect your ability to become a homeowner?A: Having student loan debt does not automatically preclude you from qualifying for a home loan. As with any financing, your Debt-to-Income (DTI) Ratio is a significant factor in qualifying for a loan. Certain home loan programs weigh student loan debt differently when calculating your DTI. Your GMFS Mortgage Loan Officer can review the best options for your situation. Get Started
Are you a Louisiana first time homebuyer needing a Purchase Advantage?A: Purchase Advantage powered by CAFA is a unique program to jump-start Louisiana homeownership through the benefit of a non-repayable homebuyers grant of up to 4% of the original mortgage amount to eligible homebuyer families in eligible Louisiana parishes.
Home Buyer Resources
Wondering how to buy a house?
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Ready to apply OR request a free consultation to buy a home?
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Popular Home Purchase Loans:
- A Conforming Fixed Rate loan can be used to refinance your home (max. loan amount is $453,100)
- FHA loan 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
- USDA Rural Development loans offer 100% financing for properties in eligible rural area designated by USDA and can be used to purchase your primary residence or refinance for rate term
- VA loans are typically the best option for first time home buyers if one of the borrowers is a U.S. military veteran
- Purchase Advantage powered by CAFA is a unique program to jump-start Louisiana homeownership through the benefit of a non-repayable homebuyers grant of up to 4% of the original mortgage amount to eligible homebuyer families in eligible Louisiana parishes.
- 100% Financing (No Down Payment) home loan options
- See more Loan Options (e.g. First Time Buyer, Second Home/Investment property, etc.)
GMFS MORTGAGE CUSTOMER REVIEWS
Matt was so easy to work with! He was very helpful and efficient. He made the process of buying a house seem easy, which has never been the case for us before. We would recommend Matt to anyone!
Brittany H. GMFS Mortgage Customer
Hailey was really great to work with. I’ve purchased 5 homes and she has been the best. She is highly responsive, communicative, and had great prices. She also helped me get the best quote on insurance.
Darin G. GMFS Mortgage Customer
My experience with Brad and his team was great. They were able to get a closing on my house in 5 days, incredible!
Spencer Y. GMFS Mortgage Customer
I’ve bought/sold three homes now and Trina (and her team) were BY FAR the best that I’ve ever worked with. They were constantly available to help throughout the process and I’ve never experienced anything close to the personal attention we received at every step of the way. I would 100% recommend Trina to anyone that’s looking for a smooth/no-hassle home financing experience.
John H. GMFS Mortgage Customer
As stressful as buying a house can be Stephanie machado and her Very professional staff made it as stress free as possible. They’re very knowledgeable and fast!
Kevin S. GMFS Mortgage Customer
They were great, Escpecially Heather. She helped us fast and efficient!
Austin B. GMFS Mortgage Customer
Trina Cuccia and Linda Baur were exceptional in helping me obtain my first mortgage loan. I highly recommend GMFS Mortgage to anyone interested in purchasing a property!
Kimberly A. GMFS Mortgage Customer
Great working with Paul!! Don’t know if I would gone thru with purchase of the home with out his help!