Loan Options
GMM Asset Advantage Mortgages
GMM Asset Advantage Mortgages
Qualifying for a Mortgage with Assets
GMM now offers loan products that allows you to use financial assets in place of, or in addition to, your income or employment to qualify for a home purchase or no-cash out refinance. You do not have to cash out your assets. The assets are used to demonstrate an ability to make the mortgage payments.
Consider this if you are:
- Self-employed but show minimal income
- Retired (or almost retired)
- Relatively minimal income, or none at all
- No verifiable employment
Eligible assets for qualifying:
- Checking or savings accounts
- Money market accounts
- Certificates of Deposit (CD)
- Investment accounts such as stocks, bonds, and mutual funds
- Retirement accounts such as a 401k or IRA*
Get Started on Your Journey Home
Knowledge Base
FHFA Announces Conforming Loan Limits for 2022
Baseline Conforming Limit Will Increase to $647,200 FHFA Announces Conforming Loan Limits for 2022 | Federal Housing Finance Agency Washington, D.C. – The Federal Housing Finance …
Why Slowing Home Price Appreciation Is Good For Buyers And Sellers
Many forecasters are calling for slower home price appreciation (HPA) and that is a very good thing. As Core Logic reported recently, home prices rose …
Home Inspections
Home inspections give you the opportunity to have the home thoroughly examined by a professional before you spend any money to purchase it. Paying for …
10 Homebuying Terms Everyone Should Know
Buying a home is exciting, but it’s easy to get overwhelmed if you’re not familiar with the homebuying vocabulary. One of the best things you …
What Is Commonly Negotiated When Buying A Home?
With homebuying, everything is negotiable, from repairs and closing costs to furniture and appliances. Offers and counteroffers can negotiate on a mix of these factors. …
7 Ways to Stand Out as a Potential Homebuyer
With rates near all-time lows, the housing market is buzzing with potential buyers! Low rates mean more affordable payments or more home for your money, …
Virginia Housing Update
Virginia Housing (formerly referred to as VHDA) offers affordable loan programs for Virginians. With the update of Income and Sales Prices in addition to an …
5 Tips for Making an Offer on a Home
In today’s market, it’s important to make a competitive offer once you’ve found the right home. You’ll want to stand out from other interested buyers and …
Get Your Cash Back
Paying cash for a home has benefits. Take advantage of being a cash buyer to give the seller confidence the transaction will close quickly and …
The Lowdown on Down Payments & Mortgage Insurance
The 20% Down Payment Myth Many first time home buyers believe they must put 20 percent down on a home. But that is far from …
9 Tips for Purchasing Your First Home
Beginning the home buying process can be a very exciting, yet nerve-wracking experience for anyone starting off. These tips will help answer some questions to …
Home Improvement Projects with the Best ROI
Whether you’ve purchased a fixer-upper or are thinking about selling your home in the near future, it’s important to determine which renovations or upgrades can add value to your property.
A Robust Housing Market For Years To Come
Two questions continue to be asked of me. The first is, should I worry about rising prices and wait for the market to slow? The …
Homebuyer Options
Low Down Payment Programs & Grants George Mason Mortgage has the program options to fit your story and our experienced mortgage professionals will help find …
Moving Checklist
6-8 Weeks Before Moving Budget for moving expenses and obtain estimates from moving companies Call insurance companies to identify record changes Cancel or transfer gym, …
ICE Mortgage Technology Case Study
In an effort to improve the mortgage lending experience, Fannie Mae and Freddie Mae required significant changes to the Uniform Residential Loan Application (URLA) used …
Refinancing 101
Rates have hit an all-time low and have left homeowners scrambling to refinance their mortgages. You have most likely heard in casual conversations with friends …
Your Journey Home
Knowing the path will travel together helps the journey go more smoothly. We have outlined some important highlights so you know what to expect along …
Homebuyer Tips
Our goal is to make your home buying experience as smooth as possible. We have highlighted some best practices to help keep your finances in …
Getting Started
Whether you are buying your first home, right-sizing now that the kids are gone, navigating the jumbo luxury market, renovating your home, or working with …
Choosing The Right Down Payment
A down payment is the amount you pay toward the home yourself. You put a percentage of the home’s value down and borrow the rest …
Built Just For You
NEW CONSTRUCTION, CUSTOM HOME & RENOVATION HOME LOANS Our extensive knowledge of the new construction and renovation loan market allows us to offer a wide …
Finding The Right Mortgage
There are many different types of home loans available. The one that’s best for you will depend on your personal financial situation and homeownership goals. …
Know Your Credit Score
When applying for a mortgage loan, your credit score will be one of the key factors in whether you’re approved and it will help determine …