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The Difference Between Gracie Morrow Mortgage Group and A Bank

Before heading to your bank and being just another number asking for a mortgage, why not call Gracie Morrow Mortgage Group? When you walk into a bank your mortgage choices are cut down and only sell their products. Who does that really benefit?

What makes GMMG different?

We specialize in helping our customers find homeownership since 2012, so we understand that needs and wants from our buyers.

  • Quick turn-arounds
  • In-house Underwriters
  • All star team to help close your loan
  • Fantastic Customer Service


  • Stricter lending standards
  • Less variety of loan products
  • Less mortgage lending expertise
  • More fees due to increased compliance requirements
  • Cross-selling of additional banking products
  • Longer closing times

Gracie Morrow Mortgage Group

  • May have lower interest rates
  • May offer special rates or benefits to existing bank customers
  • The bank will most likely continue servicing your loan after closing
  • May offer proprietary and niche-specific loan programs

What type of Loans are available for me?

FHA Loan Pros

  • 3.5% down payment requirement
  • Low credit score requirement: 580 with 3.5% down or 500 with 10% down
  • Down payment gifts and/orcan cover 100% of the down payment and closing costs
  • Lenient income qualification
  • Loan terms of 30 and 15 years available
  • Fixed–rate and adjustable–rate mortgages available
  • One– to four–unit homes are allowed; you can rent out additional units as long as you live in one

VA Loan Pros

  • Very low mortgage rates
  • Absolutely no down payment is required
  • No mortgage insurance
  • Very lenient about credit scores
  • 15– and 30–year fixed–rate loans available
  • Adjustable–rate mortgages available
  • One– to four–unit homes are allowed; you can rent out additional units as long as you live in one

USDA Mortgage Pros

  • No down payment required
  • Low mortgage insurance fees
  • Below–market mortgage rates
  • Credit scores starting at 640 are eligible
  • No loan limits

Jumbo Loan Pros

  • Buy high–priced or luxury real estate
  • Fixed– and adjustable–rate loans available
  • Down payments may be as low as 5% or 10%
  • Rates are often competitive

Adjustable Rate Mortgage Pros

The majority of home buyers choose a 30–year fixed–rate mortgage for its stability and low monthly mortgage payments. But if you plan to live in your home less than 10 years, an adjustable–rate mortgage (ARM) might be right for you.

  • Get an ultra–low rate for up to 10 years
  • Potential to save thousands in interest over the first few years of the loan
  • Allows enough time to sell the home or refinance before the first adjustment

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