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Important Update to Property and Flood Insurance

June 15, 2023

Effective Friday, June 16th, GMFS has updated requirements for property and flood insurance in conjunction with HUD and Agency guideline changes:

All persons on title to the subject property are named insured on property and flood insurance policies.

 

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Categories: Announcements, Underwriting-Announcement

Tags: flood insurance, property insurance

Published: June 15, 2023 at 10:20am

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Equal Housing Lender. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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