Due to inflation and increased costs for services related to administrating construction loans, GMFS is increasing our construction admin fee effective June 17th:

• OTC-$1,700
• HomeStyle/ChoiceRenovation- $1,250*

*As part of this update GMFS will now require broker transaction HomeStyle/ChoiceRenovation files to be disclosed by our internal disclosure desk. This change is also effective on June 17^th. Our Disclosure Desk will help you streamline the delivery, signing, and return of your disclosures to ensure you meet required time frames! Learn more at www.gmfspartners.com/disclosure-desk

We’re excited to continue offering and providing our borrowers with the best experience possible during the construction process. Please contact the Construction Department if you have any questions.