Mortgage Scenario Loan Options
As a general guide, we have provided links to GMFS mortgage products that typically work best for different borrower scenarios below.
This site is for GMFS Agent Bank and Credit Union clients.
No down payment / Low down payment
100% Financing (No Down Payment)
VA Home Loan
Rural Development/USDA Loan
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Low Down Payment Options:
HomeReady
Home Possible
Purchase Advantage (Louisiana)
First time home buyer
(loan less than $766,550)
Refinance to save money or get cash
Refinance
Cash-Out Refinance
FHA Streamline Refinance
Purchase Advantage (Louisiana)
Reverse Mortgage
By refinancing an existing mortgage, the total finance charges may be higher over the life of the mortgage.