TVLB Program Update

Effective Monday, August 22, 2022, Gateway First Bank will be changing the Service Release Premium (SRP) paid on the Texas Veterans Housing Assistance Program (VHAP).  All loans locked on or after Monday, August 22, 2022, will be subject to the new service release...

Funding Fees

As announced in last week’s spotlight, dated the Week of May 23, 2022, Gateway First Bank has increased our funding fees effective 6/1/22.  Please see the Gateway First Bank Fee schedule in the Resource Library in the GEMS portal for full details. The new funding fees...

High Balance and Second Home LLPAs

On January 5th, the FHFA announced Targeted increases to Fannie Mae and Freddie Mac’s upfront fees for certain high balance and second home loans. Gateway First Bank, Correspondent Lending will be updating the LLPAs on our rate sheets on January 18th, 2022, to include...

Texas Veterans Housing Program (VHAP)

Please be aware that the recent announcement by FHFA regarding the maximum conforming loan limits increasing from $548,250 to $647,200 in 2022 does not currently impact the Texas Veterans Land Board Program. The maximum loan amount for Texas Veteran loans will remain...

2022 Conforming Loan Limits

Effective immediately, Gateway First Bank is accepting new locks for loans with the conforming loan limit increases for standard and high balance loans, as announced by the FHFA on 11/30/21.  In most areas, the conforming loan limit for 1-unit properties has increased...

Discontinuation of Adverse Market Refinance Fee

Effective with new locks received today, July 19th, 2021, Gateway First Bank, Correspondent Lending will no longer be charging the .50% basis point adverse market refinance fee on refinance loans > $125,000.  Loans not submitted for purchase will receive a .50%...

Revised General QM Rule for Agency Loans

On April 27, 2021, the CFPB announced they were delaying the mandatory compliance date for the General Qualified Mortgage (QM) Final Rule from 7/1/2021 to 10/1/2022.   Pursuant to the changes outlined in the Preferred Stock Purchase Agreement, Fannie Mae and Freddie...