GMFS is now offering FHA & VA down to 600.

Please consider the following additional guidelines:

Additional Requirements for FHA between 600-619

• Must have DU Approve/Eligible findings
• 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

Additional Requirements for VA between 600-619

• Purchase money only
• Must have DU Approve/Eligible or LPA Accept/Eligible findings
• No collections in the last 12 months (medical expenses excluded)
• Max 1.x30 mortgage in the last 12 months
• No disputed accounts
• No High Balance/Jumbo VA allowed