Announcement 2019-027: Down Payment Assistance - FHA Loans

NewRez published Announcement 2019-026 on April 19, 2019, which temporarily suspended the origination and purchase of new FHA loans that include any down payment assistance from state or local government programs.

Update on suspensions

This suspension applied to loans with case numbers issued on or after April 18, 2019. 

Effective immediately, NewRez will reinstate the origination and purchase of loans with case numbers assigned on or after April 18, 2019, unless it has been determined that a program does not meet the applicable requirements of Mortgagee Letter 19-06 or a program has specifically suspended FHA registrations.

At the present time the following program(s) have indicated their suspension of FHA loans:

  • Nevada Rural Housing Agency

As our partners at HFAs, etc. continue to provide additional information and adjust to compliance with the new requirements, we will provide further updates as necessary.

Thank you for your cooperation in this matter.

Please reference FHA ML 2019-06 for specific details of the announcement.