GMFS has updated the Jumbo Express Product Guide and will begin taking new locks with the updated guidelines Today, April 30th. Jumbo Express Changes/Highlights Higher LTVs – up to 90% Lower FICOs on many tranches – as low as 660…
GMFS is honored to be ranked in USDA’s Top Guaranteed Rural Housing Lenders National and State Rankings! Thank you and Congratulations to all! For a complete list of rankings click here.
Fannie and Freddie have made changes to their Standard Loan program and you will no longer be able to lock under the standard loan program. We have created these unique programs for you to lock Investment programs in Optimal Blue. …
We have updated our tax transcript policy! Updated GMFS Tax Transcript Policy – Flyer
Insurance Coverage and Maximum Deductible Requirements
Interest rates may have hit the bottom and are on the rise…but the GOOD NEWS is that they are still near historic lows! We’ve seen dramatic movement in pricing on some Products just the past few weeks. It is more…
Did you know the 1003 is changing to URLA (Uniform Residential Loan Application)? GMFS began accepting this new format February 15th! The new mandate date for the use of the redesigned URLA and AUS specifications is March 1, 2021. See…
GMFS is excited to add features to our Jumbo Express Program. Beginning Monday, February 15th, we will accept Investor Products under our existing Express Program. Please note that you will see a separate program in OB that clearly labels the…
Pick Your Own Loan Term – Now Available on Most Conventional Products GMFS is excited to offer the ability to do NonStandard Loan Terms on most of our Conventional Loan Programs. When you are searching for your loan you will…
The U.S. Department of Housing and Urban Development (HUD) is once again supporting a program that allows immigrants under the Deferred Action for Childhood Arrivals (DACA) program to apply for Federal housing Administration (FHA) mortgages. Under the DACA program, people…
It’s been a great start to 2021! We appreciate your continued trust and partnership. Thanks to our dedicated staff, our turn times have improved! Submit your files today.
GMFS VA IRRRL Upfront Submission Requirements 1003 With Employment (income not required) If loan being refinanced is not a GMFS loan – tri-merge credit report including current month record. If loan being refinanced is an existing GMFS loan – VOM…
The IRS recently announced that it will be replacing the form 4506-T IRS Tax Transcript Request with a new form, the 4506-C. The IRS will no longer accept the 4506-T form as of March 1, 2021. Yesterday, Fannie Mae also…
We are honored to celebrate this achievement and thank all of our business partners and employees for helping us get here. For over 20 years we have been Changing Lives and we couldn’t do it without you!
Check for PIW and Compare Price on All Loans with these Best Practice Tips – NEW download Appraisal Alternative Notice (a completed LOX will be required by UW) Check for Appraisal Alternative Notice It is always a best practice to…
