GMFS will waive all Investor LLPAs on Conventional loans if the loan meets the below requirements.

First Time Homebuyers:
• Any borrower on the loan is a first time homebuyer
• Qualifying Income based on the Area Median Income is at or below 100% or for high-cost counties at or below 120%
• Primary Residence
• Transaction is a Purchase

Request with the Lock Desk once verified in DU findings. Underwriting will verify the income in order to validate the lock and pricing waiver.