New Construction and Renovation Loan Programs
These GMFS Mortgage products are only available to build or renovate homes in the following states: Alabama, Georgia, Louisiana, Mississippi and Texas.
"I have been working with Jackie for years with homes I have built. My loans were always processed quickly and efficiently. On this loan she kept me informed and processed my loan in a short amount of time. Also I worked with Megan on my construction loan and she was informative and quick with my process time. I want to say THANK YOU to both Jacki and Megan and all the GMFS TEAM for your help. My wife Liz and I are excited to build or new dream home and we look forward to working with Jackie and Megan during construction. Again Thank You! Kevin and Liz. 5 Stars" Read more home construction loan reviews
Benefits of a GMFS Mortgage One Time Close Construction or Renovation Loan:
- Save time with only one application process when you build or renovate your home
- Save money with only one set of closing costs when you build or renovate your home
- Capped interest rate protection during construction with a one-time float down at completion
- Construction phase of 12 months to allow time for completion of the home or renovation
- Interest only payments during construction with a low rate
- Simple and straight forward draw process during construction
- Low 30 and 15 year fixed rates available upon completion
- Up to 90% financing available
- Local GMFS Mortgage Bankers in AL, GA, LA, MS and TX
- You choose your builder or contractor - subject to GMFS approval
- List of GMFS approved builders
Educational Resources (videos, podcasts, calculators & glossary)
"Closing on my first new construction home was simple with GMFS. My loan officer outlined everything I needed to provide at the beginning of the process to avoid any surprises and helped me along the way. 5 Stars"
"We absolutely love Stephanie! I recommend her to everyone I know. Not only is she a pleasant person To work with, she is extremely knowledgable in her perfession! She truly made the process of building our dream home a lot less stressful:-) 5 Stars"
"Bryan made purchasing my first home so easy! He was always quick to answer any questions and worked as a liaison with the builder if issues arised. I will recommend GMFS to anyone I know purchasing a home. 5 Stars"