For Clients to Understand Loan Programs
Product and Eligibility Information
Want to know if you qualify? Our Loan FAQs outline GMCC’s loan products and eligible borrowers to help you find the right option fast.
Can I apply for a loan without a credit score (FICO)?
Yes, GMCC offers no-FICO loan programs suitable for new immigrants, international students, and others with limited credit history.
What is the 3-2-1 Buydown Interest Rate Program?
It’s a temporary interest rate reduction program where rates decrease each year for the first three years (3%, 2%, 1%) to help reduce your monthly payments.
How can self-employed individuals apply for a loan?
GMCC supports bank statement loan approval—no tax returns required; just provide 12 months of bank statements to apply.
Can foreigners apply for loans?
Yes. GMCC accepts various visas including F, B, and J, allowing home loans without income verification or credit history.
What is a DSCR Cash Flow Loan?
It’s a loan approved based on rental income (cash flow) from the property, with no personal income or tax return required—ideal for investment properties.
Can gift funds be used for the down payment?
Yes, certain loan products allow 100% of the down payment to come from a family gift.
Can I get a loan to buy a new home without selling my current one first?
Yes. GMCC offers a “No-Sale Home Purchase Program” where a sales intent letter excludes your existing home’s debt.
Do you support loans for second homes or investment properties?
Yes, at GMCC we do support loans for second homes and investment properties. We offer flexible programs with competitive terms, including high loan-to-value options, to help clients expand their real estate portfolio while keeping financing efficient and tailored to their needs.
Are there homebuyer assistance grants available?
Yes, qualified applicants can receive grants up to \$30,000 for home purchase and closing costs with no repayment required.
For Pre-Application and In-Process Applicants
Process and Policy
Loan process too complicated? Unsure about approval details? These FAQs will help you quickly understand the application steps and required documents, so you can plan each stage with confidence.
How long will it take for my loan to be approved?
GMCC has an in-house underwriting team with the capability for fast approvals and direct funding, significantly shortening the loan process.
GMCC offers loan services in multiple states across the U.S.
GMCC is licensed in 49 states across the U.S., covering nearly all nationwide loan needs.
What is a Non-QM loan?
Non-QM is a non-traditional loan program that does not require conventional tax returns or pay stubs, suitable for borrowers with unique income structures such as self-employed individuals and investors.
If my credit score is low, can I still apply?
Some loan programs have low credit score requirements and even accept no credit history. It is recommended to contact a loan advisor for a personalized assessment.
Can I apply for a loan using only bank statements?
Yes. The Bank Statement Program allows income verification using only bank statements without tax returns.
Can real estate investors finance multiple properties?
Yes. The DSCR loan program allows financing for more than 10 properties without requiring tax returns or employment information.
Does GMCC accept overseas assets as part of the loan application?
Yes, GMCC accepts overseas assets. Foreign savings accounts or offshore bank funds can be used to support the application, as mentioned in the foreign national loan programs.
Can I use RSUs (Restricted Stock Units) to apply for a loan?
Yes. Some loan programs allow RSUs as a source of asset support.
If I have just switched from a B or F visa to a work permit, can I still apply?
Yes, GMCC accepts loan applications from various non-immigrant visa holders and status changers, including B and F visas, with or without EAD.
Is everyone eligible to receive grant assistance?
No. Grant assistance is only available to homebuyers who move into specific states/counties and meet income limits, and can only be applied for once in a lifetime.
Clients from diverse backgrounds have chosen GMCC and enjoyed fast, hassle-free, and professional service experiences.
Real voices, trusted choice!
Qian Chen
“Mr. Joe was very enthusiastic and did his best to help me secure the lowest mortgage rate. He followed up promptly and stayed in touch with me throughout the process to discuss our options. He helped us apply twice and even reached out to multiple companies to get us a better mortgage rate. He was extremely helpful.
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Extremely helpful
Karl Mui
“We are first-time homebuyers, and with Joe and Shirley’s help, the entire process became easy and smooth. They were very professional, tracking every step closely. Thanks to their quick responses and hard work, my mortgage was approved in about a month, and they helped us secure the lowest rate! Joe and Shirley promptly answered all my questions and always went above and beyond to ensure we met every deadline. A+ recommendation—thank you for your help 🙂 “
They are very professional.
Eric Sam
“Many thanks to Joe for his dedicated help in securing our refinancing before the rate increase. He patiently answered all my questions and acted very quickly. He is a highly responsible and professional loan officer. Highly recommended!
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Very patient
iBenzer info
“This is the most professional and responsible mortgage company I have ever encountered. Everyone in the company is Christian and very warm-hearted. They provide highly professional advice to ensure their clients’ best interests are protected. Highly recommended!
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Most responsible
Simon X C
“Joe is warm and professional, helping us accomplish what seemed impossible. He has been praying and sending blessings for us 🙏 Truly heartwarming ☺️ We have become friends, and will definitely turn to Joe again for future home purchases or sales.
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So heartwarming!
Wei Wei Liang
“I found Joe on Google and was aware there are many fake reviews, but when I learned he is also a Christian, I decided to give him a try. He didn’t disappoint — we got our loan quickly, his rates were lower than others, and most importantly, he was extremely patient. A truly great person. We will definitely come back to him when refinancing our home.
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His rates are lower than others.
