VA Handbook Updates
VA has updated Chapter 4, Credit Underwriting and Chapter 11, Appraisal Report of the Lender's Handbook.
Announcement 2019-006 addressed the upcoming VA Cash-Out changes announced in VA Circular 26-18-30, effective with new applications on or after February 15, 2019. This announcement serves as a reminder and adds additional detail.
The changes will be effective with new applications on or after February 15, 2019.
Effective with new applications on or after January 21, 2019, VA Manufactured Housing that is properly affixed to a permanent foundation will now be available!
Based upon an ongoing evaluation of our guidelines, NewRez has updated VA guidelines to remove or modify current overlays, and add further guidance.