Announcement 19-0028: Down Payment Assistance (DPA) Programs Suspended

April 26, 2019

Overview

HUD recently announced major changes to its approach regarding Down Payment Assistance (DPA) Programs with the release of Mortgagee Letter 19-06. The effective date for these new DPA requirements was initially announced as April 18, 2019; however, the implementation has subsequently been delayed for 90 days. Due to these pending changes, effective immediately, Carrington Mortgage Services, LLC (CMS) has suspended accepting any new loan submissions with DPA Programs. Once HUD publishes the final Mortgagee Letter and its requirements are known, CMS will re-evaluate our position.

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FHA Non-Supervised Mortgagee Approval #:
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Carrington Mortgage Services LLC
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P.O. Box 692408
San Antonio, TX 78269-2408

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An Equal Housing Opportunity Lender. Copyright 2007 - 2023 . Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: www.nmlsconsumeraccess.com.

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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00