Bulletins
AC-004 2024 Mortgage Holiday Schedule
NOTICE TO ALL CUSTOMERS 2024 FLCBank’s Mortgage Holiday Schedule The FLCBank 2024 holiday schedule is now available. Bolded Holidays: All offices are closed. Click here to access the printable pdf. CLICK HERE TO DOWNLOAD THE COMPLETE BULLETIN ...
AC-002 FHA Credit Updates for Temporary Interest Rate Buydown
FHA Temporary Interest Rate Buydown Updates Great news! FLCBank is expanding the Temporary Interest Rate Buydown option in its FHA Loan Program to now include Condominium Units as an acceptable property type and adding the 3-2-1 buydown option. These updates are effective today Tuesday January 9, 2024. Check out ...
B-001 1098 and 1099 Reporting for 2023
NOTICE TO [Brokers] 1098 and 1099 IRS Reporting for 2023 Florida Capital Bank, N.A. (FLCBank) will have all 1098 and 1099 IRS reporting for 2023 mailed/post marked by January 31, 2024, the deadline date. Please allow ample time for the postmaster to deliver prior to contacting FLCBank. 1098 Reporting ...
CNDC- 001 1098 IRS Reporting for 2023
1098 IRS Reporting for 2023 Florida Capital Bank, N.A (FLCBank) will have all 1098 IRS reporting for 2023 mailed/post marked by January 31, 2024, the deadline date. Please allow ample time for the postmaster to deliver prior to contacting FLCBank. 1098 Reporting All Non-Delegated (NDC) and Correspondent Lenders report the ...
AC-001 Preferred Jumbo Minimum 2024 Conforming Loan Amount
Preferred Jumbo Minimum 2024 Conforming Loan Amounts FLCBank informs all customers that the 2024 loan limits have been updated in the guideline matrices: Conforming maximum loan amount is $766,550. Jumbo starting loan amount is $766,551. These changes went into effect on all new loans “finaled and/or locked” yesterday January ...
AC-033 Elite Express and Sapphire Jumbo 2024 Min Loan Amounts
Elite Express and Sapphire Jumbo Minimum 2024 Loan Amounts FLCBank informs all customers of the 2024 minimum loan amounts for the Elite Express and Sapphire Jumbo loan products starting January 1, 2024. Elite Express Jumbo: Effective January 1, 2024, the minimum loan amount is $766,551. Sapphire Jumbo: Effective January 1, ...
AC-032 Compliance Reg Z Process Change
NOTICE TO ALL CUSTOMERS Important Compliance Regulation Z Process Change Regulation Z was updated April 2, 2022 (TRID 2.0) to clarify that the written list of providers must correspond to the Loan Estimate (LE). The intent of the change was to ensure transparency to borrowers as they compared the service ...
AC-031 Credit Updates CONV-FHA-VA
Important Credit Updates FLCBank is providing updates to multiple credit policies on Conventional, FHA and VA loan programs. Fannie Mae Rental Income Freddie Mac Rental Income FHA Updates VA Updates CLICK HERE TO DOWNLOAD THE COMPLETE BULLETIN ...
B-015 2024 Compensation Policy and Changes to Compensation
FLCBank 2024 Compensation Policy and Changes to Compensation FLCBank allows adjustments to compensation once a quarter; four total adjustments per calendar year. Any requests submitted on the wrong form or without a reason included will not be accepted. Upcoming Compensation Adjustment Date: To make an adjustment your request must be ...
AC-030 New Government Loan Limits 2024
New Government Loan Limits for 2024 Great News! Effective Monday December 4, 2023, FLCBank is accepting new loan applications for FHA, USDA and VA loans utilizing 2024 Loan Limits. CLICK HERE TO READ AND DOWNLOAD THE COMPLETE BULLETIN ...
AC-029 2024 Conventional Loan Limits
2024 Conventional Loan Limits FLCBank is pleased to announce that effective immediately, customers can submit and close loan applications under the new 2024 loan limits on all conventional products including HomeReady, Home Possible, RefiNow and Refi Possible. CLICK HERE TO READ AND DOWNLOAD THE COMPLETE BULLETIN ...
AC-028 Important Mortgage Insurance Partner Update
Florida Capital Bank N.A. is pleased to announce the addition of National Mortgage Insurance as one of our valued Mortgage Insurance partners. The updated list of our trusted approved Mortgage Insurance Companies is being updated in the guidelines. Below is a complete list for your convenience along with the FLCBank ...
AC-027 Important Credit Updates 10-24-23
FLCBank is providing credit policy updates on several recent announcements by Fannie Mae, Freddie Mac, FHA, and USDA. Fannie Mae 3D Printed Homes – Acceptable Collateral 3D printed homes with a traditional design and constructed using conventional building materials are not considered unique or nontraditional housing types by Fannie Mae, ...
AC-026 Partial Government Shutdown
FLCBank is providing the following information and guidance in preparation for the impending partial Government Shutdown this Saturday, September 30, 2023. This guidance is automatically rescinded, and standard guidelines reinstated, once the Government resumes operations. The following services will be impacted and may not be available or delayed: SSA-89 verifications ...
AC-025 Suspended Gold Jumbo Product
Suspension of Gold Jumbo Product Effective today, Friday, September 22, 2023, FLCBank is suspending any further new registrations or locks on our Gold Jumbo product due to product guideline changes. A notification will go out when the product has been re-opened. Any loans presently locked that meet the Gold Jumbo product ...
