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UPDATE: FHA DPA changes extended for 90 days.

By
Mortgage and Lending with CMG Home Loans NMLS 248937

 

On Monday I wrote a blog regarding Changes in FHA Down Payment Assistance Programs.  With all of the confusion that came from the Mortgagee Letter 2019-06 we now have a ML 2019-07 to extend the implementation the previous letter for 90 days - 

My guess is it will allow the sources of DPAs additional time meet FHA guidelines, the new date moves out to July 23, 2019.

This is not a withdrawal or change in ML 2019-06, it is only a 3 month extension to the effective date 

 

 

Call me for all your residential lending needs!

 

Robert Rauf 
Mortgage Loan Originator NMLS# 248937
http://www.homebridge.com/RobertRauf 
or my blog: http://activerain.com/blogs/rrauf 
Office: (732)908-4868  Cell (732)740-0175 

RRauf@HomeBridge.com 
www.RobertRauf.com
 
 

Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 9 Grand Ave, Building 2 Suite A Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood 08722 Bayville 08721, Manchester 08757 08733, Manahawkin 08050, Robert Rauf is a Licensed Mortgage Loan Originator in New Jersey