New Guidelines FHA/VA Refinance Loans
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Beginning with Locks dated on or after January 1, 2018, all FHA/VA Refinance Loans must adhere to Ginnie Mae guidelines issued 12/7/2017 (APM 17-06). Any FHA/VA loan being refinanced MUST meet the following guidelines: a) The borrower has made at least six consecutive monthly payments on the loan being refinanced (Initial Loan), beginning with the payment made on the first payment due date; AND b) The first payment due date of the refinance loan occurs no earlier than 210 days after the first payment due date of the Initial Loan |