Introduction
General Mortgage Capital Corporation (GMCC) offers a variety of loan programs designed to meet the needs of diverse borrowers. Whether purchasing a home, investing in real estate, or refinancing an existing mortgage, GMCC provides flexible and competitive loan options. The company aims to make the mortgage process smooth and efficient, ensuring that clients find the best financial solutions for their unique situations.
Jumbo Loans
GMCC specializes in Jumbo Loans, which cater to borrowers who need loan amounts that exceed conventional limits. These loans offer competitive rates and flexible terms, making them an attractive choice for high-net-worth individuals. Key features include:
- Loan amounts up to $5 million
- Down payment options as low as 10%
- No private mortgage insurance (PMI) requirements
- Flexible debt-to-income (DTI) ratios for high-earning borrowers
Investment Property Loans
For real estate investors, GMCC provides Investment Property Loans, allowing them to expand their portfolios with ease. These loans are tailored to borrowers looking to purchase, refinance, or renovate rental properties. Features include:
- Qualification based on rental income (Debt-Service Coverage Ratio - DSCR)
- No tax return requirement for qualification
- Available for single-family homes, multi-unit properties, and commercial real estate
- Loan amounts up to $2.5 million
Medical Professional Loan Programs
Understanding the financial journey of medical professionals, GMCC offers Medical Professional Loan Programs, specially designed for doctors, dentists, and healthcare workers. Benefits include:
- 0% down payment options for loans up to $1 million
- No PMI requirements
- Flexible underwriting standards that consider student loan debt
- Favorable interest rates tailored to medical professionals
Conventional Mortgage Loans
As a direct seller to Fannie Mae and Freddie Mac, GMCC offers Conventional Mortgage Loans, ideal for borrowers looking for stable and predictable financing options. These loans include:
- Fixed-rate and adjustable-rate mortgage (ARM) options
- Loan amounts up to conforming and high-balance limits
- Low down payment options (as little as 3%)
- First-time homebuyer assistance programs
FHA and VA Loans
For borrowers looking for government-backed mortgage solutions, GMCC provides FHA and VA Loans, ensuring greater accessibility to homeownership.
FHA Loan Features:
- Low down payment options (as low as 3.5%)
- Flexible credit score requirements
- Higher debt-to-income allowances
VA Loan Features:
- Exclusive to eligible military service members and veterans
- 0% down payment with no PMI requirements
- Competitive interest rates and flexible qualification criteria
copyright Loans
GMCC offers copyright Loans for self-employed borrowers who may not have traditional income documentation. This program allows clients to qualify using bank statements instead of tax returns. Key benefits include:
- Qualification based on 12-24 months of bank statements
- Loan amounts up to $3 million
- Available for primary, secondary, and investment properties
- No tax returns or W-2s required
Foreign National Loans
For international buyers, GMCC provides Foreign National Loans, making it easier for non-U.S. citizens to invest in U.S. real estate. Features include:
- No U.S. credit history required
- Available for primary and investment properties
- Loan amounts up to $2 million
- Competitive interest rates
Conclusion
General Mortgage Capital Corporation offers a comprehensive selection of loan programs designed to accommodate different borrower needs. From jumbo loans to investment property financing and government-backed mortgages, GMCC continues to provide flexible and competitive solutions for homebuyers and investors alike. With a commitment to efficiency and personalized service, GMCC remains a trusted partner in mortgage lending.