Monthly Archives: August 2019

Gateway Mortgage Group Correspondent Lending, FHA Cash-out Max LTV and VA Refinance Max LTV

August 14, 2019 — FHA Cash-out Max LTV and VA Refinance Max LTV FHA Max LTV for Cash-out Refinances As of August 1st, 2019, HUD issued FHA Mortgagee Letter 2019-11, which reduces the current Maximum Loan-To-Value (LTV) and Combined Maximum Loan-To-Value percentages to 80% on Cash-out Refinances; effective with all case numbers assigned on or after September 1st, 2019.¬† …
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GNMA VA Seasoning Requirements Update:

August 2, 2019 — Effective immediately, Gateway Mortgage Group, Correspondent Lending, a division of Gateway First Bank has aligned with GNMA announcement APM 19-05¬†Revised Pooling Eligibility Requirements for VA Refinance Loans, which includes: The note date of the refinance loan must be on, or after, the later of: The date on which the borrower has made at least six …
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