NEW GOVERNMENT LOAN SIZE ADJUSTERS FOR LOAN AMOUNTS UNDER $125,000
Effective for all new floating government (FHA, VA, USDA) submissions beginning Monday, April 16, new loan size adjustments will apply, as listed in the grid below. To clarify, if your loan is already submitted OR locked prior to April 16, then the new adjustment does not apply.
|Amount||Old Adjuster||New Adjuster (if different)|
|$250,000 – $299,999||(0.125)||same|
|$125,000 – $249,999||0.000||same|
|$100,000 – $124,999||0.125||0.375|
|$75,000 – $99,999||0.375||0.750|
|$60,000 – $74,999||1.000||1.250|
Updated Homeowner’s Insurance Guidelines
Effective immediately, REMN has adjusted our requirements for Homeowner’s Insurance to provide an additional option for determining the property’s insurable value. This applies to all existing and new loans.
If you have any questions, please contact your AE.