Overview Effective for loans closed beginning January 1, 2020, VA will guaranty 25% of the loan amount for Veterans with full entitlement seeking a purchase or cash out refinance loan in excess of $144,000, regardless of the FHFA Conforming Loan Limit. Veterans with full entitlement seeking a purchase or cash out refinance loan that exceeds […]
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Announcement 20-0004: VA Guaranty Calculation Update – Blue Water Navy Vietnam Veteran’s Act of 2019
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Announcement 20-0003: VA Assisted Appraisal Processing Program (AAPP)
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Overview Effective with appraisals ordered on and after January 1, 2020, VA will permit VA fee panel appraisers to utilize the Assisted Appraisal Processing Program (AAPP) process and rely on information provided by other appraisers. Carrington Mortgage Services, LLC (CMS) will accept AAPP appraisals on VA loans as this new process improves service to veteran […]
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