Effective with new locks on or after January 9th, 2023, the fee structure for the SETH Goldstar and CAFA Gold 100 loan programs has been updated to the following:
- The total Service Release Premium (SRP) for Conventional, FHA, & USDA loans is now 1.500%
- VA Originations will remain at 2.500% Service Release Premium
- Clients will now be allowed to charge a maximum 1.00% origination fee
As a reminder, please continue to follow applicable agency guidelines around these Homebuyer Assistance Programs. For specific questions please reach out to the following contacts:
General program questions on guidelines and product approval: your Regional Sales Manager
Loan status, suspense, or underwriting: clientliaison@gatewayfirst.com
Pricing/Lock questions: corrbonds@gatewayloan.com
*Program documents and training materials related to these changes are in process of being updated