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Announcement 2019-057: VA Circular 26-19-17, Funding Fee Guidance

VA announced that a Certificate of Eligibility will be required on IRRRLs.

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Announcement 2019-055: Incident Period End Date Declared in Arkansas

On June 12, 2019, and June 17, 2019, Announcements 2019-042 and 2019-049 addressed the Major Disaster Declaration pertaining to the recent severe storms and flooding in Arkansas, with an Incident Period of May 21 and ongoing.

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Announcement 2019-053: Additional Counties Declared in Oklahoma

On June 5, 2019, June 12, 2019, June 13, 2019 and June 18, 2019, Announcements 2019-3036, 2019-4, 2019-045 and 2019-50 addressed the Major Disaster Declaration pertaining to the recent severe storms and flooding in Oklahoma, with an Incident End date of June 9.

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Announcement 2019-052: USDA Updates

Effective immediately, the maximum loan amount has been increased to $484,350 to align with conforming loan limits. Also, clarification that manual underwriting is not permitted for purchases and rate and term refinances has been added to the product profile.

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