by Alasha Krieg | Feb 15, 2022 | Announcements
We are pleased to announce the VHAP loan amount limit increase from $547,250 to $647,200 with NEW loan registrations on the TVLB Program, effective February 12, 2022. Current locks do not qualify for a loan amount increase to the new limit, and any relock requests...
by Alasha Krieg | Feb 4, 2022 | Announcements
Gateway First Bank, Correspondent Lending is aligning with the agencies in their COVID-19 guidelines for self-employed borrowers. Effective immediately, both Fannie Mae and Freddie Mac are retiring the COVID-19 guidelines for YTD P&L and 3 months bank statements...
by Alasha Krieg | Jan 12, 2022 | Announcements
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...
by Alasha Krieg | Jan 12, 2022 | Announcements
Gateway First Bank, Correspondent Lending Division announces that the CAFA Gold 100, Diamond DPA Program, REI Flex 100, and GSFA Open Doors maximum loan amounts have been updated to the lesser of $647,200 or the 2022 Agency loan limit. For SETH Goldstar, refer to...
by Ben Aggus | Dec 21, 2021 | Announcements
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...
by Alasha Krieg | Dec 7, 2021 | Announcements
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...
