by Alasha Krieg | Oct 28, 2024 | Announcements
Fannie Mae, Freddie Mac, and HUD have expanded Reconsideration of Value (ROV) requirements outlining specific guidelines to enhance expectations for borrowers, lenders and appraisers. Effective with loan applications taken on or after 10/31/24 for all Conventional,...
by Alasha Krieg | Oct 8, 2024 | Announcements
In anticipation of the FHFA announcement, Gateway Correspondent is increasing our Conventional loan limits effective immediately for 1-unit properties. • Increased Conventional loan limits are effective with new locks on 1-Unit properties only. • Loan limit increases...
by Alasha Krieg | May 7, 2024 | Announcements
Effective immediately, the new down payment assistance (DPA) enhancement to FNMA HomeReady and FHLMC Home Possible products for very low-income purchase (VLIP) borrowers, are now eligible with Gateway Correspondent Lending. Borrowers may receive $2,500 in assistance,...
by Emerald Thompson | Feb 22, 2024 | Announcements
Effective Today, February 21st, 2024, Gateway Correspondent Lending is pleased to announce that Temporary Buydowns are now available Allowable Products – First lien, fully amortizing Fixed Rate Conforming Conventional, FHA, VA, USDA loans. Conventional – 10, 15, 20,...
by Alasha Krieg | Dec 21, 2023 | Announcements
We are pleased to announce the increase in loan amount limit from $726,200 to $766,550 with NEW loan registrations on or after January 1st, 2024 for TVLB loans. Current locks do not qualify for a loan amount increase to the new limit and any relock requests will be...
by Alasha Krieg | Dec 1, 2023 | Announcements
Effective immediately, Gateway is aligning with the recent conforming loan limit increases announced by FHFA for both standard and high balance loans. Increased loan limits are effective for new locks for Conventional loans only. Government loan limits, Texas Veteran...
by Emerald Thompson | Nov 10, 2023 | Announcements
In anticipation of the FHFA announcement, Gateway Correspondent is increasing our Conventional loan limits effective immediately. Increased loan limits are effective for new locks for Conventional loans only. Government loan limits, Texas Veteran Land Board loans, and...
by Emerald Thompson | Oct 26, 2023 | Announcements
The Gateway Correspondent Team has a new office address. We are moving from our current office location of 18583 Dallas Parkway, Suite 250, Dallas, TX 75287 to our new office location at 5100 Tennyson Parkway, Suite 100, Plano, TX 75024. Same great team, new physical...
by Alasha Krieg | Sep 29, 2023 | Announcements
Beginning Saturday, September 30th, the Gateway GEMS portal will require Multi-Factor Authentication (MFA) when logging into our site. The MFA will be optional starting September 30th; however, it will be MANDATORY to access GEMS on November 1, 2023. Please follow the...
by Alasha Krieg | Jun 30, 2023 | Announcements
As recently announced by Southeast Texas Housing (SETH), the SETH GoldStar Program will be discontinued due to current market conditions. Gateway Correspondent Lending will no longer be accepting locks for the SETH Goldstar Program effective, July 31, 2023. All SETH...
