Bulletins

BNDC-014 New VA Sponsored Agent and Renewals for 2025

NOTICE TO ALL BROKERS AND NON-DELEGATED CORRESPONDENTS   New VA Sponsored Agents and Renewals for 2025   To originate VA loans with FLCBank you must have a VA Sponsored Agent relationship with FLCBank.  In December 2024, VA’s process is changing and should allow for quicker processing of our agent requests ...

AC-039 2025 ATR-QM Points and Fees Thresholds

NOTICE TO ALL CUSTOMERS CFPB Annual Adjustments for Qualified Mortgages (QM) Points and Fees Thresholds The CFPB’s final rule for the 2025 Regulation Z annual threshold adjustments for ATR/QM and HOEPA points and fees test and adjusted total loan amounts effective January 1, 2025, has been announced and the new ...

/ All Customers, ATR, QM, Test limits

AC-038 Life Of the Loan Flood Certification Fee Increase

NOTICE TO ALL CUSTOMERS Life of the Loan Flood Certification Fee Increase FLCBank is increasing the Life of Loan Flood Certification Fee to $11.10 due to an increase from our vendor. This increase will go into effect with loans imported on or after December 16, 2024. CLICK HERE TO DOWNLOAD ...

AC-037 Sunsetting Products

NOTICE TO ALL CUSTOMERS Sunsetting Products Effective immediately, FLCBank is sunsetting the California Housing Finance Agency (CalHFA) Program and USDA-Rural Housing Single Family Housing Program today, December 3, 2024, to focus on our high-demand Agency, Government, Jumbo, Bridge and Secondary Financing loans. All CalHFA and USDA loans in the pipeline ...

/ All Customers, CalHFA, USDA

AC-036 2025 New Government Loan Limits

NOTICE TO ALL CUSTOMERS New Government Loan Limits for 2025 Great News! Effective Tuesday, December 3, 2024, FLCBank is accepting new loan applications for FHA, USDA and VA loans utilizing 2025 Loan Limits. 2025 FHA Loan Limits FHA announced via Mortgagee Letter 2024-21 the new loan limits for 2025 effective ...

AC-035 2025 Conventional Loan Limits

2025 Conventional Loan Limits Great News! The Federal Housing Finance Agency (FHFA) announced the 2025 maximum conforming loan limit for one-to-four-unit properties on November 26, 2024. Effective immediately, customers can submit, lock and close loan applications under the new 2025 loan limits on all conventional products including HomeReady, Home Possible, HomeOne, RefiNow ...

/ All Customers, FHFA, Loan limits

AC-034 FHA Minimum Property Standards for New Properties in Special Flood Hazard Areas

NOTICE TO ALL CUSTOMERS FHA Minimum Property Standards for New Properties Located in Special Flood Hazard Areas (SFHA) Florida Capital Bank would like to inform customers of the recent announcement made by FHA via Mortgagee Letter 2024-20 on November 7, 2024. The Mortgagee Letter announces new requirements for Properties Located ...

AC-033 Condominium Property Insurance Coverage Reminders

NOTICE TO ALL CUSTOMERS Conventional Condominium Property Insurance Coverage Requirements Reminders Florida Capital Bank would like to remind customers of the Property Insurance Coverage Requirements for Condominium Projects which include but are not limited to the following: The policy must provide for claims to be settled on a replacement cost ...

AC-032 Reconsideration of Value

Reconsideration of Value: Fannie Mae, Freddie Mac, Jumbo and FHA Loans Fannie Mae, Freddie Mac and Preferred Jumbo This bulletin provides details of the Fannie Mae and Freddie Mac (GSEs) new requirements that must be complied with on Fannie Mae and Freddie Mac Conventional and Jumbo Loans related to the ...

AC-031 VA Invoice Requirements for Allowable Fees

NOTICE TO ALL CUSTOMERS VA Documentation Requirement for Allowable Fees The Department of Veterans Affairs (VA) published via Circular 26-24-19 their invoice requirements for itemized fees and charges paid by or to be paid by the veteran and the updates to State Fees and Charges Deviations List on a VA ...

AC-30 Flood Certification of Property Located in Flood Zone

NOTICE TO ALL CUSTOMERS Flood Certification Delivery of Properties in Flood Zone Florida Capital Bank would like to remind customers of the regulatory guidance found in the Flood Disaster Protection Act. When an institution makes, increases, extends, or renews any loan secured by improved real estate or by a mobile home, ...

AC-027 USDA Fiscal Year 2025 Funding Available

NOTICE TO ALL CUSTOMERS USDA Fiscal Year 2025 Funding The USDA Rural Development Housing Program announced yesterday that Fiscal Year 2025 funds are now available for the Single-Family Housing Guaranteed Loan Program. As a reminder, Guarantee Fees remain unchanged for both purchase and refinance transactions for the new fiscal year ...

/ All Customers

CNDC-010 New Reconsideration of Value

NOTICE TO ALL CORRESPONDENTS AND NON-DELEGATED CORRESPONDENTS: Borrower Initiated Reconsideration of Value Reminder FLCBank would like to remind all Correspondent Customers of the upcoming dates for lenders to implement the new requirements related to Appraisal Review and Reconsideration of Value (ROV) policy and guidelines. Fannie Mae, Freddie Mac, and Federal ...

/ Correspondent, NDC

AC-029 Freddie Mac Income Guideline Updates

NOTICE TO ALL CUSTOMERS Important Freddie Mac Income Guideline Updates  Florida Capital Bank would like to notify customers of a number of Income Requirements updates announced by Freddie Mac via Bulletin 2024-10 these updates are available immediately but are required with loan applications finaled to FLCBank on or after October ...

/ All Customers

CNDC-009 Reminder 2024 Annual Review

NOTICE TO ALL CORRESPONDENTS AND NON-DELEGATED CORRESPONDENTS:  Action Required – 2024 Annual Review Process Due Date Extended: Please Note:  The due date for compliance with the annual review has been extended to Tuesday, October 15, 2024. If you have already submitted your documents there is no need to re-send. CLICK ...

/ Correspondent, NDC