Update: Effective Date Extended for Recent Downpayment Assistance and Operating in a Governmental Capacity Mortgagee Letter

April 26, 2019

As of April 25, 2019 the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2019-07, which announced an extension of the effective date of ML 2019-06,Downpayment Assistance and Operating in a Governmental Capacity. This ML was originally published and communicated via FHA INFO 2019-11 on April 18, 2019.

The guidance provided in ML 2019-06 will be effective for case numbers assigned on or after July 23, 2019, rather than the originally published effective date of April 18, 2019.

Effective immediately, reservations/locks for FHA SETH & CAFA Gold 100 Loans are now eligible to be locked in the GEMS System, pursuant to following the above mentioned guidance.

Please direct any questions to your Regional Sales Manager

Comments are closed.