New Home Purchase Form
New Home Purchase Calculators
All About Buying a Home
Do You Qualify?
The GMFS Loan Process
FAQ About Buying a Home

Learn about mortgages

All About Mortgages

Getting a mortgage and buying a home is a big step. GMFS makes it simple. GMFS can show you how to get superior rates based on your credit. We’ll also show you how you can get approval in one phone call and close your loan in as little as two weeks!

One of your first steps in buying a home is to determine how much you want to spend. The tools and information in the box on the right can help you figure out how much you can afford.

Next, you will want to find a lender and get pre-qualified for a loan.
Lenders look at your employment and credit score, as well as the value of the house you want to buy, to determine the amount you can borrow. Lenders can tell you the amount you can qualify for and pre-qualify you as a borrower. This lets sellers know you will be able to get financing and improves your negotiating position.

Down payment

To purchase a home, you may need a down payment. This is money you pay in order to buy the house and decrease the amount you need to borrow. Most loans require you to pay between 10 and 20% of the purchase price as a down payment.

Pull together all your documents.

Lenders will ask for w-2 statements, tax returns and other documentation. If you don’t have that kind of documentation, don’t worry. There are loan options available for people who are self-employed or who don’t have standard documentation.

Find a lender who will work with you regardless of your situation.

If you’ve been turned down for a loan. There are other options, and GMFS can help you find the right loan to fit your needs.

GMFS offers loans to fit a variety of situations. In one phone call, we can let you know if you pre-qualify for a loan and let you know what types of loans and interest rates are available to you.