April 29, 2019 | Bulletin #19-03
FHA Extends Effective Date on Updated Requirements for Down Payment Assistance Providers
The Federal Housing Administration (FHA) has published Mortgagee Letter (ML) 2019-07, extending the effective date of ML 2019-06 to July 23, 2019, rather than the originally published effective date of April 18, 2019.

ML 2019-06, published on April 18, 2019, set forth updated requirements for governmental entities providing down payment assistance. GSFA is currently working to update processes and procedures to satisfy the requirements, effective for case numbers assigned on or after July 23, 2019.

We will send out another update to our Lenders shortly.
Thank you for your patience.

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Program Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

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