Important: Pricing Adjustment – Investment Properties and Second Homes

Updated adjustment effective immediately

As announced previously, in response to Fannie/Freddie cap on investment properties and second home transactions, GMFS has added additional pricing adjustments. We have monitored our percent of business and are able to make the following improvements to the Second Home Adjustments (Investment Properties will stay the same at this time). We will continue to monitor and adjust as needed going forward.

Existing GMFS Customer

Reminder: In order to qualify as an existing GMFS customer, borrower must have an owner occupied primary mortgage with GMFS. Borrower is eligible for the Existing Customer pricing stated above if you close a Primary Mortgage and Second Home/Investment concurrently. Please refer to the existing guideline for lender credit related to clients that currently have a mortgage with GMFS. Second Home and Investment will not be eligible for the lender credit.