seasoning

VA – New Guidelines-Refinance Seasoning: Under the VA new guidelines, does the seasoning requirement of 210 days apply?

Answer: Under the new VA refinance guidelines, you can do a cash-out refinance in certain cases with no seasoning requirements and have it guaranteed by VA. HOWEVER, Ginnie Mae issued a bulletin (attached below) that says because of the Consumer Protection Act signed into law on May 24, 2018, the seasoning guideline applies and they [...]

2018-07-25T07:57:16-05:00July 24th, 2018|

VA-Circular 26-18-13 Policy Guidance Update: VA Refinance Loans and the Economic Growth, Regulatory Relief and Consumer Protection Act, Dated May 25, 2018-Effective for applications taken on or after May 25, 2018

By: Tracey Rumsey, Staff Writer Big news in the update that may affect VA loans already in your pipeline!   Read through this update to understand the policy guide and download our checklist to make sure that none of the loans in your pipeline are affected. Rule Synopsis: VA has published Circular26-18-13 which announces “The Protecting [...]

2018-06-11T11:08:53-05:00June 8th, 2018|