Yearly Archives: 2019

New VA Policies and Updates to VA-Guaranteed Cash-Out Refinancing

March 1, 2019 — Effective February 15, 2019, Gateway Mortgage Group Correspondent Lending (Gateway) aligned with recent publications by the Department Veterans Affairs’ (VA), announcing new VA policies regarding VA-guaranteed cash-out refinancing loans, including refinancing of construction loans (construction-to-permanent), which includes all subsequent clarifications and changes as outlined in Circular 26-18-30, Circular 26-18-30 Change 1, Circular 26-19-05 and Circular …
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Texas Veterans Housing Assistance Program (VHAP) Program Bulletin for the Gateway TVLB Loan Program

January 28, 2019 — Please note the recent updates to the Texas Veterans Housing Assistance Program (VHAP) Program below.  This applies to clients that have been approved by Gateway to sell us Texas Veterans Loan Program (TVLB) loans: The Veterans Housing Assistance Program loan limit will increase to $484,350.00, beginning with rate locks issued on and after January 28, 2019. Note:  …
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Federal Government Shutdown

January 4, 2019 — On December 22, 2018, the US Government partially shut down due to the expiration of the nation’s spending authority, as a result, some government agencies and services are closed or suspended, including the IRS and Social Security Administration. Gateway provides the following guidance, and temporary changes to existing guidelines, regarding underwriting and purchase requirements for …
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