Traditional mortgage applications often require extensive tax documentation, creating hurdles for many borrowers. GMCC has addressed this challenge by launching a series of innovative loan programs designed to streamline the borrowing process.
Expanded Loan Options Nationwide
The GMCC Mortgage Program now offers direct approval and funding across 48 U.S. states, with loan amounts reaching up to $4 million. Certain exceptions may allow for loans as high as $20 million. Notably, the program maintains flexible income verification requirements, accepting applications without traditional W-2 forms or pay stubs.
Favorable Terms for Residential Properties
The program features competitive down payment requirements:
- Primary residences: 10% minimum down payment
- Investment properties: 15% minimum down payment
Borrowers benefit from the elimination of monthly mortgage insurance payments. Those opting for the WVOE Program with a 20% down payment face no additional reserve requirements, further simplifying the application process.
Self-Employed Borrower Solutions
Self-employed individuals gain access to specialized underwriting options. Applicants may submit accountant-prepared profit and loss statements or self-certified financial documentation, qualifying for loan-to-value ratios up to 65% on loans reaching $4 million.
Borrowers meeting specific credit criteria—including a minimum 700 credit score and debt-to-income ratio below 50%—may secure financing with as little as 30% down payment.
Inclusive Lending Policies
The program accommodates various employment authorization documents and welcomes foreign national applicants. All underwriting occurs internally, ensuring efficient processing timelines. Program details and rates remain subject to individual qualification and may include additional requirements.