Showing posts with label VA. Show all posts
Showing posts with label VA. Show all posts
Thursday, February 2, 2017
Tuesday, October 18, 2016
VA Appraisals
Effective 10-31 VA has
increased their appraisal fees to $800 SFR/ $900 Manufactured Home and increased their timeliness
to 14 business days, up from 10.
Other AMC’s are also
notifying me of an increase in appraisal fee, one of our best performing AMC’s
is increasing the fee for a
SFR in Thurston Co to $750, + $200 for 5 acres = $950 - effective Nov 1st.
I am seeing turn times from 5
days to 45 days being quoted with an average turn time of 2 weeks depending on
location and complexity of assignment.
Let me know if I can help you
today.
Andrea C McGhee
Residential Mortgage Loan
Originator
Goldwater Bank, N.A. -
Mortgage Division
NMLS# 103092,
Corporate NMLS# 452955
2620 RW Johnson
Blvd SW Ste 104 Tumwater, WA 98512
Direct:
360.915.9609 | Cell: 360.451.2358
Read My Reviews on Zillow
Thursday, February 18, 2016
Tuesday, May 26, 2015
Monday, May 4, 2015
Tuesday, April 21, 2015
Wednesday, February 12, 2014
Wednesday, January 15, 2014
Interest Rate Update
|
Wednesday, January 8, 2014
Interest Rate Update
|
Loan Category
|
Rate
|
|
30 Year Fixed
|
4.500%
|
|
15 Year Fixed
|
3.625%
|
|
30 Year FHA
|
4.125%
|
|
15 Year FHA
|
3.625%
|
|
7 Year ARM
|
4.000%
|
|
5 Year ARM
|
3.250%
|
|
30 Year VA
|
4.125%
|
|
15 Year VA
|
3.625%
|
Tuesday, October 1, 2013
Interest Rate Update
|
US Government Shut Down & How it Affects Your Purchase and Sales Agreement
As most of you are aware, the House and Senate
did not come to an agreement before the clock struck midnight this morning -
and now we are experiencing the first government shutdown in over 15 years.
Please
see below how the government shutdown is affecting certain loan types and
documentation availability:
All
loans:
·
Tax
transcripts and VOE's will still be required on all loans. 4506T's can be
ordered, but there is no one at the IRS to process them. Any delays caused
by the shutdown that affect the ability to get these conditions met will have
to wait until those conditions can be met.
·
SSN
verifications can be ordered, but at this time it appears that the results are
at the very least going to be delayed past the normal 10-15 minute turn times
they usually run by.
USDA:
·
The
offices will remain closed until the government shutdown is complete.
Submission of loan packages to RH is suspended since nobody will be there to
accept them. Any loans currently at RH for conditional commitments will
be delayed until the shutdown ends.
·
All
USDA websites, including GUS and lookup sites for property/income
qualification, will be unavailable during the government shutdown.
FHA:
·
FHA
Connection will be available, but since FHA Connection occasionally interfaces
with other systems that may not be available, FHA Connection processes may not
be fully functional. Note the following below:
o You will be able to obtain a new FHA case
number from the FHA Connection.
o CAIVRS will be available to determine if a
borrower has a delinquent federal debt.
o FHA Total Scorecard will be available, and
loans can fund during this time, provided all normal underwriting and processing
requirements are met.
o Automated password resets will be available
for FHA Connection, but resets that require an FHA employee's direct assistance
will not be available.
VA:
·
The
VA portal states that "The VA Home Loan Guaranty Program will continue to
function as normal in the event of a Government Shutdown."
·
Any
scenarios where VA needs to be contacted will not be available until the
shutdown ends.
As
more information becomes available we will pass it along to you as quickly as
possible.
Tuesday, September 24, 2013
Interest Rate Update
|
Tuesday, September 10, 2013
Interest Rate Update
|
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