Update: SETH Goldstar & CAFA Gold 100 Programs

As previously announced on Monday, January 10, 2023, the fee structure for both SETH Goldstar and CAFA Gold 100 loan programs has been updated to allow for more DPA available options. Listed below is additional clarification to each of these Homebuyer Assistance...

SETH Goldstar & CAFA Gold 100 Program Updates

Effective with new locks on or after January 9th, 2023, the fee structure for the SETH Goldstar and CAFA Gold 100 loan programs has been updated to the following: The total Service Release Premium (SRP) for Conventional, FHA, & USDA loans is now 1.500% VA...

TVLB Program Update

Effective Monday, January 16th, 2023, 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, January 16th, 2023, will be subject to the new service...

2023 Conforming Loan Limits

As announced on November 29, 2022, by the FHFA, the 2023 Conforming Loan Limit for one-unit properties has been increased to $726,200.  Effective immediately, Gateway First Bank is now accepting new locks for loans with the conforming loan limit increases for standard...

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...