Per the USDA, GMFS Mortgage has been the #1 USDA Rural Development lender in Louisiana for both 2015 and 2016! USDA Rural Development is typically the best home loan option for first time buyers that are not military veterans, assuming the property is in an eligible rural area.
USDA Rural Development Loan Features
Can be used to purchase your primary residence or refinance for rate term
Expanded qualifying ratios and flexible credit guidelines
Must be deemed eligible rural area by USDA
USDA Income and Property Eligibility Site
1. Select Program type of “Single Family Housing” in left navigation
2. Accept Disclaimer
3. Enter property address
Income limits based upon the number of people living in house, varies by geographical area
Loan up to appraisal value to finance closing costs
RD Guarantee fee of 1% (Financeable)
Minimum credit score of 620
GMFS MORTGAGE CUSTOMER REVIEWS
I am so thankful to how hard gmfs mortgage worked to make my dream of owning my own home come true.
Shannon C. GMFS Mortgage Customer
Carla definitely went above and beyond. I would recommend her to anybody. She did a great job!
Billy G. GMFS Mortgage Customer
bryan was awesome! super nice! he made everything really easy for us
Brandon D. GMFS Mortgage Customer
Great to work with! Thanks for all the help!