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.
Effective immediately for new applications and loans locked today, February 13, 2019, NewRez is updating the Dream Big product to align with the investor’s requirements.
The changes will be effective with new applications on or after February 15, 2019.
Due to the continuation of the partial government shutdown, some of the guidance previously announced in 2018-118 is being updated and additional requirements added below.
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!