GSF Mortgage has been recognized as a Guaranteed Rural Housing (GRH) Million Dollar Lender Award recipient by the United States Department of Agriculture (USDA) for the third consecutive year. The company individually funded in excess of $1 million in GRH loans in order to help them raise more than $450,000,000 during the fiscal year. These loans assisted more than 3,900 households in Wisconsin to purchase a home of their own.
This strong partnership with Rural Development helps many rural residents improve their quality of life and strengthen America’s rural economy.
“We believe strongly in the GRH program and are pleased to have the ability to offer these benefits to our customers. For many of our borrowers, the GRH program has allowed them to achieve the dream of homeownership that they otherwise would not have been able. Making the list three years in a row is quite an honor for our originators and operations staff and we are already at work to make it a fourth year,” says GSF Mortgage President Chad Jampedro.
Proposition 37 could open new purchase lending opportunities, but financing costs and borrower qualification will determine its reach
California voters have approved a $25 billion homebuyer financing initiative that could create new purchase mortgage opportunities for lenders and brokers, particularly those working with homebuilders.Proposition 37, which passed with more than 60% of the vote in the Nov. 3 ...
As investor purchases decline, DSCR loans capture a growing share of Non-QM lending, creating opportunities for brokers who understand the differences between lender programs
Real estate investors are buying fewer homes than they did a year ago, yet debt service coverage ratio (DSCR) lending continues to gain ground in the market. A big part of the reason is that DSCR loans are purpose-built for property investors. Agency loans qualify borrowers ...