The following is a partial list of programs offered by G &amp; S Mortgage with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at
Programs available for the borrower who needs 100% financing. Up to $1,200,000.
GOVERNMENT PROGRAMS (FHA/VA)
Numerous loans are available under these programs. Intended for the low/moderate income and veteran borrowers. 100% financing or minimal down payment is available. Income and loan amount limits do apply.
90% RATE OR TERM RE-FINANCING and Purchases up to $1,200,000
For the customer wanting to obtain a lower interest rate. Loans are based on a maximum of 90% of appraised value.
DOWN PAYMENT ASSISTANCE
First time homebuyers who meet the income requirements can qualify for the following: Mississippi Home Corp. Bond Money, Down Payment Assistance, and Mortgage Credit Certificate.
A program for the homebuyer wishing to purchase a vacation home. This purchase can be financed up to 100% depending on the loan amount.
Buyers who are looking to generate rental income by purchasing these types of properties. Multiple property ownership is allowed under certain programs. Financing up to 100% is available.
NO INCOME VERIFICATION
This offers the self employed borrower or special borrower who wish not to provide tax returns, P&L's, or pay stubs to finance 100% on a refinance or 100% on a purchase.
These programs are intended for the homebuyer who feels they will only occupy the property for a short period of time.
We also have 40 and 45 year fixed rate Loans.
Interest only fixed rate and ARM's are available.
For customers with bruised credit or debt ratios up to 50%. Loans with LTV's of 90% and over $500,000 are available.