We’ll be discussing and sharing some GMFS Mortgage review and I must say honestly, owning a home is part of the American dream.

This dream could be challenging when you need the funds. That’s why getting a GMFS mortgage is only one step for most American homeowners.

If you’re thinking about becoming a homeowner and you want to use a GMFS mortgage, you’ve come to the right place.

In this article, we’ll go over loan types, why you should consider GMFS, their social media links, and more.

What is GMFS Mortgage?

They are a company that gives you loans to buy your dream home, a second home, or an investment property. GMFS also offers construction loans that can assist you in building your dream home or renovating or repairing your property.

With GMFS, you can refinance your home to save money, build equity, consolidate debt, or get extra cash.

GMFS Mortgage has locations in Louisiana, Georgia, Alabama, Mississippi, and South Carolina and is all licensed in over 12 states. They were all founded in Baton Rouge, Louisiana, in 1999.

Currently, they have over 200 employees spread across 14 locations.

100% Mortgage Financing, Construction and Renovation Loans, A.R.M., Conventional, F.H.A. loans, First Responder Mortgage, First Time Home Buyer, Refinancing, Jumbo, Second Home – Investment, USDA Rural Development home loans, V.A. loans for Veterans, and other home loans are available from GMFS Mortgage.

Is GMFS Mortgage Worth it?

Absolutely. GMFS Mortgage has an average customer feedback rating of 4.9 out of 5 stars! In 23 states, they have over 140,000 customers and $27 billion in residential mortgage funding.

Efficient processing, underwriting, and closing occur under the same roof, resulting in smooth and predictable conclusions.

In addition, the GMFS staff has an average of 14+ years of mortgage industry experience.

Documents Needed for a GMFS Mortgage

To get a GMFS mortgage, you are required to provide documents that prove your identity and income to get a mortgage.

These documents for your home loan may include, but are not limited to:

Pay stubs for the previous 30 days
W-2 forms for the last two years signed federal tax return for the previous two years (both personal and business if applicable)
Bank statements
Documentation of recent name change (if applicable)
Proof of identity (typically a driver’s license or non-driver id)
Social Security number (SSN) and more

Why Choose GMFS Mortgage?

Keep in mind that when looking for the best mortgage lenders to get pre-approved or pre-qualified with, there is more to consider than which mortgage companies have the best rates today.

Since 1999, GMFS mortgage has been changing lives for our customers and communities. Over 89,000 customers in 23 states received residential mortgage funding totaling more than $14.9 billion.

Because the processing, underwriting, and closing staff are all housed under the same roof, resulting in smooth and predictable closings.

They also have a secure loan portal for simple online applications, uploading loan documents, and loan status notifications.

How to get a GMFS Mortgage [A Step-by-Step Guide]

To begin the loan process, provide your GMFS mortgage loan officer with the property address, purchase contract details, and requested documentation.

Just follow the step-by-step guide on how to get a GMFS Mortgage and you’ll be done with it in not time.

Step #1. Understand the distinction between mortgage pre-approval and mortgage prequalification.

Pre-approval for a home loan causes more documentation, verification, and time than a mortgage prequalification.

Step #2. To get pre-qualified, speak with a GMFS mortgage loan officer.

Begin an application or request a free consultation with a realtor to find your dream home while armed with a GMFS mortgage prequalification or pre-approval letter.

Step #3. Get a contract on the house you want to buy.

Step #4. To begin the loan process, contact your GMFS mortgage loan officer.

Step #5. Provide the address of the purchased property.

Step #6. Provide requested documents online, over the phone, or in person at one of our locations.

Step #7. Lock in loan terms. GMFS Mortgage will provide you with a loan estimate (le) form, which GMFS Mortgage will review and verify.

Step #8. A certified third-party appraiser appraised the home to determine the collateral value.

Step #9. GMFS mortgage evaluates loans with the appraised value in mind.

Step #10. GMFS mortgage approves the loan and declares it “ready to close.”

Step #11. The closing date has been set.

Typical attendees will include borrowers, realtors, title companies, and attorneys (lenders are not required to attend as they typically have multiple customers closing on the same day).

Step #12. You will get a closing disclosure (CD) form before the closing date. The final documents get signed, and all closing costs are paid during the closing, making you the official owner of the home!

Consult with a GMFS mortgage loan officer to see if refinancing your mortgage is a good option.

At GMFS mortgage, most borrowers prefer to get prequalified for a mortgage because it is faster than getting pre-approved for a mortgage and allows you to start looking for your dream home sooner.

Knowing you have a prequalification letter enables you to make purchase offers confidently.

Is it possible to skip a payment with GMFS?

Forbearance plans are available for conventional loans for up to 12 months and F.H.A., VA, and Rural Development loans for up to 3 months.

Is there a GMFS app?

Borrowers, realtors, and other mortgage stakeholders use the secure online portal to share home loan status milestones and upload required documents quickly and easily.

And Yes! There is a mobile app version (GMFS App) available.

Frequently Asked Questions

u003cstrongu003eIs GMFS a bank?u003c/strongu003e

GMFS mortgage is a home mortgage lender. u003cbru003eThey got founded in Baton Rouge, Louisiana, in 1999. They now have nearly 300 employees spread across 15 locations.

u003cstrongu003eCan I get a payment extension from GMFS financial?u003c/strongu003e

Contact GMFS financial at 1-800-284-2271 to request a payment extension so that they can review your account.

u003cstrongu003eIs it possible to skip a monthly payment?u003c/strongu003e

In times of crisis, some lenders provide loan forbearance. A forbearance allows you to suspend payments while experiencing financial hardship temporarily. u003cbru003eu003cbru003eYou must contact your lender directly to request a forbearance because, in most cases, a lender will not automatically offer or grant one.

u003cstrongu003eCan I skip a car payment?u003c/strongu003e

Request that your lender skips or defer a car payment. Some lenders allow borrowers to make deferred payments. u003cbru003eu003cbru003eWhich means you might not have to make the monthly payment. Instead, they postpone the price until the end of your loan.

u003cstrongu003eWho owns the GMFS mortgage?u003c/strongu003e

GMFS, L.L.C.’s President is Tee Brown. u003cbru003eu003cbru003eBrown co-founded GMFS with his father, former United Companies C.E.O. Terrell Brown Sr., and three other former United Companies employees in 1999. u003cbru003eu003cbru003eToday, GMFS employs over 250 people, serves over 140,000 customers, and funds $27 billion in residential mortgages across 23 states.

Conclusion

Now that you’ve gone through the GMFS Mortgage review, it is my belief that you’ve learned something that will be of help to you. Loan programs at GMFS mortgage are only available in some states or to some consumers.

All loans are available whenever the application is being made, as well as terms that meet the needs and qualifications of each consumer.

GMFS LLC advises all customers to consult with a tax advisor about the tax implications of the mortgage they are considering.

Be sure to check out the 10 Financial Skills Every Millionaire Has That You Should Too!

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