The Department of Veterans Affairs has extended the required implementation deadline to September 1, 2025. While this extension provides additional time, we strongly encourage clients to complete their setup as soon as possible to avoid last-minute delays and ensure a smooth…
The Single Family Housing Guaranteed Loan Program has announced revisions to the Request for Single Family Housing Loan Guarantee Form 3555-21. Please begin using the new form with all new applications. The form can be found here. Form RD 3555-21, Request…
Over the next few weeks we will be sending out recertification request by email. Please complete your recertification no later than October 31, 2025 to ensure there is no interruption in your ability to submit loans in 2026.
You may have recently received a communication—either by email or mail—from the Department of Veterans Affairs (VA) regarding their Annual Renewal and Validation requirements. After further clarification with the VA, we have been informed that all VA-approved agents must now be…
GMFS has been named the #1 Guaranteed Rural Housing Lender in Louisiana by USDA Rural Development! This marks the 10th year in a row! www.gmfspartners.com/usda
GMFS is honored to be ranked as a Scotsman Guide Top Mortgage Lender in 2025! GMFS has been named the #1 Wholesale Lender in Louisiana, #25 Nationally GMFS has been named the #1 Correspondent Lender in Louisiana, #17 Nationally Thank…
Freddie Mac has announced the release of new 2025 AMI Limits, effective May 18, 2025. Effective on May 18, 2025, Loan Product Advisor will apply the updated 2025 Area Median Income limits as follows: For loans submitted prior to May 18th using…
We are pleased to inform you that GMFS has recently implemented PandaDoc to streamline our document management and signing process. As part of this update, clients may receive email notifications from PandaDoc regarding documents that require their attention. Please rest…
You may have recently received a communication—either by email or mail—from the Department of Veterans Affairs (VA) regarding the Annual Renewal and Validation requirements (see sample below). After further clarification with the VA, we have been informed that all VA-approved agents must…
In response to recent updates from USDA and FHA, and to help clarify eligibility for Conventional borrowers, GMFS is updating and refining the Citizenship Requirements in our Guide. USDA changes are already in effect, as previously announced by the agencies…
Lock Desk Hours for Thursday & Friday Thursday, April 17th: the Lock Desk closes early at 1:00 PM CST Friday, April 18th: the Lock Desk is CLOSED No new locks will be accepted, but changes can be made online. GMFS…
Click here to download a prefilled 4506-C
Great news! We have simplified how to access HomeReady/HomePossible rates and pricing. You no longer have to select the Affordable product type for these programs. Simply run your scenario through OB with just the Standard button clicked (see below). Best…
GMFS has reviewed and will follow FHA’s instructions per Mortgagee Letter 2025-09. This ML is updating the eligibility for people who are not citizens of the United States. Our intent is to continue to process non-citizens using the same FHA…
