Purpose
Attached is a copy of VA Pamphlet 26-7, Lender’s Handbook, Chapter 7, Loans Requiring Special Underwriting, Guaranty and Other Considerations, which has been revised in its entirety.
Changes
Chapter 7 has been revised to facilitate processing of loans when special attention is required and to incorporate all applicable Circulars.
Chapter 7, Topic 3 reflects a limit of $6,000 for Energy Efficient Mortgages (EEMs).
This update is effective 90 days from the date of approval (June 9, 2019).
Additional Copies
Additional copies may be downloaded at https://benefits.va.aov/warms/... 7.asp.
Rescissions
Chapters 1-9 of the Lenders Handbook cover Loan Processing topics. All outstanding Circulars have been incorporated into the revised chapters.
Once all revised chapters have been released, the outstanding Circulars will be rescinded.
Jeffrey F. London
Director, Loan Guaranty Service