Great news! GMFS will now accept FHA Loans down to a 580 with the following overlays:

580-619 FICO FHA Loans

• Manual underwriting is not allowed
• No rent-free borrowers allowed
• Verification of rental history is required. Must be verified with VOR and must be 0x30. VOR cannot be provided from an interested party or family member
• 3.5% minimum borrower’s own funds required for down payment
• No gift funds allowed