Changing Lives.

USDA (Rural Development) Home Loan

USDA Rural Development loans through GMFS Mortgage are available for mortgages on homes located in an eligible rural area designated by USDA. Rural Development loans offer zero money down (100% financing) and can be used to purchase your primary residence or refinance for rate term. USDA Rural Development is typically the best home loan option for first time buyers that are not military veterans and the house is not in an eligible rural area as designated by the USDA.

Per the USDA, GMFS Mortgage has been the #1 USDA Rural Development lender in Louisiana for both 2015 and 2016!

USDA loan features:

  • 100% financing
  • Expanded qualifying ratios and flexible credit guidelines
  • Must be deemed eligible rural area by USDA
           USDA Income and Property Eligibility Site
           1. Select Program type of "Single Family Housing" in left navigation
           2. Accept Disclaimer
           3. Enter property address
  • Income limits based upon the number of people living in house, varies by geographical area
  • Loan up to appraisal value to finance closing costs
  • RD Guarantee fee of 1% (Financeable)
  • Do not need to be a first time homebuyer
  • Minimum credit score of 620

 OR  Request Free Consultation


Why GMFS Mortgage for your USDA Rural Development loan?

  • USDA Rural Development announced that GMFS, LLC is the #1 USDA lender in the state of Louisiana for fiscal year 2016 with 982 USDA Rural Development Loans for more than $159.5 million
  • December 8, 2015 USDA Rural Development announced that GMFS, LLC is the #1 USDA lender in the state of Louisiana for fiscal year 2015 with 875 USDA Rural Development Loans for $136.5 million
  • June 2016: GMFS Mortgage Underwriter Charlene Richard was named the first-ever recipient of the new USDA Rural Development Underwriter of the Year award!
  • “CHANGING LIVES” with GREAT customer service (GMFS Mortgage Customer Ratings & Reviews)
  • Since 1999, more than 79,000 customers in multiple states resulting in over $12.9 billion in funding
  • Funded over $2.1 billion dollars in residential mortgages in 2016
  • Currently service approximately $5.5 billion dollars of residential mortgages
  • Largest Louisiana operated mortgage lender
  • Local processing, underwriting, and closing under same roof
  • Smooth and predictable closings
  • Fast Pre-Qualification process
  • A+ rating with Better Business Bureau and winner of Torch Award for Marketplace Trust
  • Free, no obligation consultation by experienced GMFS Mortgage Bankers to determine the right home loan solution for you

Educational Resources (videos, podcasts, calculators & glossary)


 5 Star GMFS Mortgage Customer Review
"Working with Stephanie was amazing. She took time to listen to us about the type of homes we were interested in. She was motivated and very engaged in helping us in every step of the mortgage process. She worked around my busy schedule and was very patient and understanding with my sometimes-slow response time. So, summed up in one word” amazing”   5 Stars"


 5 Star GMFS Mortgage Customer Review
"Michelle was WONDERFUL! Always available for questions and went above and beyond to assist with my needs.  5 Stars"


5 Star GMFS Mortgage Customer Review
"Stephanie was great and helped me through every step of the process even during the odd hours I wasn't at work. We thought there would be some delays with Rural Development, but even though we got approved at the last minute, they were able to get us to our closing date on time. Very friendly, couldn't recommend enough. 5 stars"


5 Star GMFS Mortgage Customer Review
"The mortgage process was relatively quick and stress free...We received the confirmation letter from RD at about 3:30 in the afternoon and still were able to close the next day...everybody really pushed to make it happen in a timely fashion  5 stars"


5 Star GMFS Mortgage Customer Review
"GMFS was very helpful with our home buying process. They helped us every step of the way. We really loved working with them and would recommend them to anyone. 5 stars"


5 Star GMFS Mortgage Customer Review
"Ryan, and especially his assistant Megan Shaw, made my first time home buying experience SO smooth, easy and stress free! I'll be referring everyone I know to go see Ryan & Megan! 5 stars"


5 Star GMFS Mortgage Customer Review
"AWESOME  5 stars"


5 Star GMFS Mortgage Customer Review
"Absolutely wonderful & pain free.....the only anxiety we had was waiting on RD to send back final paperwork. You & Matt always explained everything in detail & english terms for us to understand the process. Always answered our call or returned them right away. Even though this will be our forever home if for any reason we will be the one we go to & have already started spreading the word of AWESOME you all are. We are loving our new home & would like to THANK YOU for all the hard work, time & patience put in to making our DREAMS COME TRUE!!!!   5 stars"


5 Star GMFS Mortgage Customer Review
"My experience with purchasing a home through GMFS was a great experience. Ms. Chenevert and the GMFS team was very professional, helpful and accommodating. I am a first time home buyer and I am very happy that I used GMFS. I am even recommending them to my daughter and son-in-law as well as my friends who are in trying to purchase a home. THANK YOU Stephanie. You made this experience very positive and easy for me! Thanks GMFS! 5 stars"


5 Star GMFS Mortgage Customer Review
"Our experience was very smooth, and while rural development made the process last far longer than necessary, I would 100% recommend GMFS to anyone looking to buy or refinance a home. 5 stars"