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New Product – Expanded Prime

New Product – Expanded Prime

Rebecca Squyres

May 16, 2022

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Expanded Prime Now Available

These products will allow for a greater range of borrowers that may not be eligible for traditional conventional loans. These expand a borrower’s ability to qualify for a loan with various specialty situation especially self-employed borrowers and those with sufficient assets to cover a loan. This will expand our offerings to include self-employed borrowers with 12-24 months of personal or business bank statements, or those with sufficient assets to cover a loan.

Expanded Prime Features

  • Personal & Business bank statements with the use of 1099’s
  • Loan amounts up to $3M
  • DTI up to 50%
  • 1-year tax return and W-2 doc options
  • Investors with greater than 10 properties
  • Non-warrantable condos
  • Prior foreclosure or bankruptcy
  • Up to 90% LTV
  • No MI on any of our products

For more information, trainings and documentation visit gmfsagent.com/expanded-prime

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About GMFS

We are one of the fastest growing mortgage companies in the United States offering great mortgage financial solutions. Headquartered in Baton Rouge, Louisiana, GMFS originates residential mortgage loans, primarily in the southern states. Founded in 1999, GMFS has approximately 250 employees. more about GMFS

GMFS Mortgage is a BBB Accredited Mortgage Lender in Baton Rouge, LA
Equal Housing Lender. © 2017 GMFS, LLC. Upfront approval subject to satisfactory property review and no change in financial condition. Some products may not be available in all states. All loans subject to credit approval. All mortgages are originated by GMFS LLC at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. NMLS #64997. LA License 619. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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