21-16

FHA Non-Credit Qualifying Streamline Transactions in the State of West Virginia

Homebridge will no longer offer FHA non-credit qualifying Streamline transactions in the state of West Virginia due to state law requiring mortgage transactions be credit qualified.

NOTE:  The West Virginia law excludes VA IRRRL transactions from this requirement therefore VA IRRRL non-credit qualifying transactions continue to be eligible in West Virginia

This policy is effective immediately.  Any NCQ Streamline transaction in the pipeline will require credit qualification.

The FHA Streamline guidelines have been updated and posted on the Homebridge website at www.HomebridgeWholesale.com

If you have any questions, please contact your Account Executive