• 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 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

  • 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.

  • 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

Home Financing Education

Purchase or Sell a Home – Podcasts, videos & articles
Build or Renovate a Home – Podcasts, videos & articles
Refinance Your Home – Podcasts, videos & articles
Home Loan Closing Process – Podcasts, videos & articles
Home Loan Process
Providing Requested Documents for Home Loans
Credit & Economics – Podcasts, videos & articles

Every 12 months you are entitled to order a free copy of your credit report from each of the major credit reporting agencies (Equifax, Experian, and TransUnion) through AnnualCreditReport.com. This website is the only one that is government authorized to provide you with free copies of your credit report.

You can also contact the credit agencies directly if you need to dispute information in your report, place a fraud alert or security freeze on your credit file, or have other questions:

Equifax.com or by phone at 1-866-349-5191

Experian.com or by phone at 1-888-397-3742

TransUnion.com or by phone at 1-800-916-8800

Consumer Financial Protection Bureau

 “Your Home Loan Toolkit” This CFPB booklet takes you from budgeting to closing with worksheets, checklists, and conversation starters. Note: All home purchase mortgage applicants get a copy.

Sample Loan Estimate (LE) document CFPB explains how this standard, required form, provided by your lender makes it easier to compare loan offers.

Sample Closing Disclosure (CD) document CFPB explains how this standard, required form, provided by your lender helps avoid surprises at closing.

Additional home financing resources available at CFPB’s “Know Before You Owe” site