by Alasha Krieg | Nov 30, 2022 | Announcements
As announced on November 29, 2022, by the FHFA, the 2023 Conforming Loan Limit for one-unit properties has been increased to $726,200. Effective immediately, Gateway First Bank is now accepting new locks for loans with the conforming loan limit increases for standard...
by Alasha Krieg | Aug 17, 2022 | Announcements
Effective Monday, August 22, 2022, Gateway First Bank will be changing the Service Release Premium (SRP) paid on the Texas Veterans Housing Assistance Program (VHAP). All loans locked on or after Monday, August 22, 2022, will be subject to the new service release...
by Alasha Krieg | Jun 6, 2022 | Announcements
As announced in last week’s spotlight, dated the Week of May 23, 2022, Gateway First Bank has increased our funding fees effective 6/1/22. Please see the Gateway First Bank Fee schedule in the Resource Library in the GEMS portal for full details. The new funding fees...
by Alasha Krieg | Feb 15, 2022 | Announcements
We are pleased to announce the VHAP loan amount limit increase from $547,250 to $647,200 with NEW loan registrations on the TVLB Program, effective February 12, 2022. Current locks do not qualify for a loan amount increase to the new limit, and any relock requests...
by Alasha Krieg | Feb 4, 2022 | Announcements
Gateway First Bank, Correspondent Lending is aligning with the agencies in their COVID-19 guidelines for self-employed borrowers. Effective immediately, both Fannie Mae and Freddie Mac are retiring the COVID-19 guidelines for YTD P&L and 3 months bank statements...
by Alasha Krieg | Jan 12, 2022 | Announcements
On January 5th, the FHFA announced Targeted increases to Fannie Mae and Freddie Mac’s upfront fees for certain high balance and second home loans. Gateway First Bank, Correspondent Lending will be updating the LLPAs on our rate sheets on January 18th, 2022, to include...
