GMH Mortgage Services LLC offers a variety of loan programs to meet a variety of needs. Not only do we offer your standard loan progams, but also a number of niche products. Our current product line-up includes:
- Conforming Fixed-Rate Loan Products (10, 15, 20 and 30 year)
- FHA Fixed-Rate Lpan Products (15 and 30 year)
- Adjustable Rate Mortgages (ARMs)
- Interest-Only Adjustable Rate Mortgages (IO ARMs)
- VA Loans
- USDA Rural Housing Loans
- FHA 203(k) Rehabilitation Loans
- Select State-Financing Programs Available
- Jumbo ARMs
- HELOCs
- Reverse Mortgages
For more general information, please utilize the links below, or for a more in-depth analysis of your financial situation and what type of home loan may best suit your needs, call 1-877-507-2006 or a licensed professional in your state!
Choosing a Loan Program
The right type of mortgage for you depends on many different factors.
Conventional and Jumbo Loans
Conventional loans are secured by government sponsored entities or GSE's such as Fannie Mae and Freddie Mac.
Fixed Rate Mortgages
A loan program where your monthly principal and interest payments never change.
Adjustable Rate Mortgages (ARMs)
These loans generally begin with an interest rate that is 2-3 percent below a comparable fixed rate mortgage, and could allow you to buy a more expensive home.
Introductory Rate ARMs
Most adjustable rate loans (ARMs) have a low introductory rate or start rate, some times as much as 5% below the current market rate of a fixed loan.
Standard ARMs and the Differences
Various types of adjustable rate mortgages.
London InterBank Offered Rate (LIBOR)
This index is used to determine the interest rate for some types of ARMs.
Interest Only Loans
"Interest only" products are an easy way to save money and a very popular alternative to traditional fixed rates but they are not without risk. An "Interest Only" loan can offer consumers greater purchasing power, increased cash flow and a number of other benefits which are listed later in this article.
Reverse Mortgages
A reverse mortgage is a special type of loan made to older homeowners to enable them to convert the equity in their home into cash.