VA

VA Circular 26-19-22 Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs) – Dated August 8, 2019 -Updated VA Refinance Comparison Chart

Written by: Tracey Rumsey, Staff Writer VA issued a major update for IRRRL. Any production staff involved in the VA loan process needs to become aware of these important changes. Rule Synopsis: This Circular supersedes Circulars 26-18-1 (and Change 1) and 26-18-13. This Circular and the VA Handbook are now the guideline authority to follow [...]

2019-08-09T13:33:06-05:00August 12th, 2019|

NEW VA Appraisal Fee and Timeliness Schedule for St Petersburg RLC -Effective August 1-2019

Written by: Tracey Rumsey, Staff Writer VA has updated another appraisal fee schedule. Read this article to see if your area was affected by the change. Interpretive Comments: VA has eight Regional Loan Centers (RLCs): Atlanta Cleveland Phoenix Roanoke St Paul Denver Houston Petersburg All of the RLCs have Appraisal Fee and Timeliness Schedules that [...]

2019-08-09T13:31:46-05:00August 12th, 2019|

VA has issued multiple bulletins which have substantially changed their Interest Rate Reduction Loans. Before you apply for a VA refinance, contact me first and let’s review those changes to make sure the program still works for you!

Related Article Title: VA Circular 26-19-22 Clarification and Updates to Policy Guidance for VA Interest Rate Reduction Refinance Loans (IRRRLs) – Dated August 8, 2019 -Updated VA Refinance Comparison Chart Written by: Tracey Rumsey, Staff Writer VA issued a major update for IRRRL. Any production staff involved in the VA loan process needs to become [...]

2019-08-09T13:26:38-05:00August 12th, 2019|Social Media Posts, VA|

VA Circular 26-19-19, VA Loan Full File Loan Review -File Upload Stacking Order – Dated & Effective July 29, 2019VA Circular 26-19-19, VA Loan Full File Loan Review -File Upload Stacking Order – Dated & Effective July 29, 2019

Written by: Tracey Rumsey, Staff Writer It may seem trivial unless you are the one doing it, but VA is pretty stringent about how a file is stacked for review. This announcement reviews those changes. Rule Synopsis: For VA loans files selected for full file loan review where the loan application is submitted to VA [...]

2019-08-09T13:28:38-05:00August 12th, 2019|