Have You Heard?

 

We continue to work to improve our product offerings and provide you the best service possible in our ever-evolving industry. In case you missed a few, here’s a list of some of the most recent changes that happened over the past few weeks.

CalHFA Debt to Income Increase

To serve more California homebuyers, the total debt to income (DTI) ratio for CalHFA loans is increasing to 45%! … Read More

Increased Appraisal Fees in AZ: Counties included: Coconino, Mohave, and Yavapai

Effective as of October 29, 2020, Mortgage Works AMC will be adding an additional $100 onto the base appraisal fees for properties located in the following counties … Read More

USDA Funding for Fiscal Year 2021

USDA has announced funds are now available for the Fiscal Year 2020 … Read More

Agencies Extension of COVID-19 Temporary Policies

Mountain West Financial┬« is extending the temporary requirements and flexibilities previously announced by the Agencies through November30, 2020. Flexibilities were to expire on October 31, 2020 …. Read More

GSFA Platinum Origination Fee Structure Change

Mountain West Financial┬«and Golden State Authority (GSFA) have been and remain committed to helping families have safe, stable,and affordable homes, which leads to economic mobility,betterperformancein schools, and overall better community health… Read More

Fannie Mae Manufactured Home ADU

Fannie Mae has announced that they will now allow a Manufactured Accessory Dwelling Unit (ADU) to be included in the valuation as long as the subject property is a stick built Single Family Residence … Read More

See the Full Bulletin Archive