GMAC Mortgage

In 1985 General Motors Acceptance Corporation merged with a Colonial Mortgage, which was then a subsidiary of Norwest, inc..  This merger opened up a significant amount of resources for customers who were looking to for competitive rate packages and additional variety in lenders.  Today, GMAC Mortgage is one of the largest lenders in the country, and they are growing.  They offer creative and individually structured loan programs that accommodate every budget including: 

• Conventional Fixed and Adjustable Rate Mortgages
• Balloon Mortgages
• VA Mortgages
• FHA Mortgages
• Interest-only Mortgages
• Home Equity Loans and Lines of Credit

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GMAC Bad Credit Mortgage Options

GMAC is compassionate to the millions of Americans who are looking to improve their damaged credit.  They have designed a program that allows individuals with less-than-perfect or bad credit approval for loans that provide them with opportunities to which they would otherwise not have access.  Their Solutions program works with each individual to identify their specific credit issues, and they work with customers to ensure that payments are made consistently.  GMAC’s program is designed to be affordable, which separates them from many other large lenders who only approve people with bad credit for loans with inflated interest rates and fees.  GMAC encourages new beginnings, regardless of your former credit history. 

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GMAC Recent News

In addition to adopting Habitat for Humanity as their signature charity project and encouraging many employees to participate in volunteer work, GMAC Mortgage actively participates in a corporate giving program that gives non-profit organizations generous amounts of money to fund their individual causes.  GMAC has also provided $50 million in financing for several senior housing projects in Illinois.  This is the first ever project in Illinois that is using a tax credit and HUD backing to fund the housing project.  The finished housing project will contain nearly 1,000 units boasting section 8 housing assistance.

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Bad Credit Mortgages is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.