Bulletins
AC-005 – Income Validations and Transcripts Reminder
NOTICE TO ALL CUSTOMERS Income Validations Reminder Tax Returns and Transcripts are required for borrower(s) whose “self-employment” or “other” income sources are being utilized for the repayment of the mortgage. The number of years for tax returns and transcripts being required is based on the AUS findings except on ...
NDC-001 Updated NDC Jumbo Appraisal Order Process
NOTICE TO NON-DELEGATED CORRESPONDENTS IMPORTANT ANNOUNCEMENT: Updated NDC Jumbo Appraisal Order Process FLCBank has updated the NDC Jumbo Products Appraisal Order Process with updated fees. Effective February 18, 2025, all appraisal orders placed on the Clear Capital website will have updated pricing. Utilize the updated fees when quoting the ...
B-003 Updated AMC Pricing – Clear Capital
NOTICE TO: Broker IMPORTANT ANNOUNCEMENT: Updated AMC Vendor Pricing 2025 Effective 2/18/2025 and after, all appraisal orders placed in Mortgagebot LOS will have updated pricing for the AMC Vendor shown below: Utilize the updated fees when quoting the appraisal fee for the Loan Estimate (LE). AMC: Clear Capital Process ...
AC – 004 – Preferred Jumbo Updates
NOTICE TO ALL CUSTOMERS Important Preferred Jumbo Updates FLCBank’s Preferred Jumbo Guidelines have been updated with 2025 Jumbo Loan Amounts starting at $806,501. Other Good News updates include: Maximum ratios increased from 38/41% to 38/43%. (1st Time Homebuyer ratios remain the same 33/38%) Reduced the length of time for ...
AC-003 MD State Restriction – All Jumbo Loans Products
Suspension of Jumbo Loan Financing in Maryland Effective today February 5, 2025, FLCBank’s is no longer providing financing and/or purchasing Jumbo loans for properties located in the state of Maryland due to recent changes in licensing requirements for secondary market mortgage loan purchasers, including private label securitization trusts in this ...
AC-002 Important Agency Updates
NOTICE TO ALL CUSTOMERS Important Agency Updates FLCBank provides customers with updates from the agencies on different topics as follows: Fannie Mae I DU Update – Version 12.0: Fannie Mae implemented DU Version 12.0 the weekend of January 11, 2025. The changes in this release apply for ...
B-002 Updated AMC Pricing – Nationwide Appraisal Network
NOTICE TO BROKERS Important Announcement: Updated AMC Vendor Pricing 2025 Effective 2/1/2025 and after for appraisal orders placed in Mortgagebot LOS for the AMC Vendor shown below. The AMC has updated pricing; please use these updated fees when quoting the appraisal fee for the Loan Estimate (LE). Nationwide Appraisal ...
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 ...
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 ...
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 ...
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 ...
