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 Originations will remain at 2.500% Service Release Premium
  • Clients will now be allowed to charge a maximum 1.00% origination fee

As a reminder, please continue to follow applicable agency guidelines around these Homebuyer Assistance Programs.  For specific questions please reach out to the following contacts:

General program questions on guidelines and product approval:  your Regional Sales Manager

Loan status, suspense, or underwriting:  clientliaison@gatewayfirst.com

Pricing/Lock questions:  corrbonds@gatewayloan.com

 

*Program documents and training materials related to these changes are in process of being updated