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VA Home Loans

Circulars: Calendar Year 2020

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Circular 26-20-11 - March 27, 2020 | Exhibit A
Valuation Practices during COVID-19
PURPOSE: This Circular provides guidance for valuation and appraising for VA home loan purposes during COVID-19.

Circular 26-20-10 - March 27, 2020
Lender Guidance for Borrowers Affected by COVID-19
PURPOSE: This Circular provides guidance for Department of Veterans Affairs (VA) home loan borrowers affected by COVID-19 and describes temporary measures regarding loan origination, closing, and guaranty.

Circular 26-20-8 - March 18, 2020
Foreclosure Moratorium for Borrowers Affected by COVID19
PURPOSE: The Department of Veterans Affairs (VA) strongly encourages mortgage servicers to observe the following actions regarding home loan borrowers affected or potentially affected by Coronavirus Disease 2019 (COVID-19).

Circular 26-20-7 - March 16, 2020
Special Relief for those Potentially Impacted by COVID-19
PURPOSE: The Department of Veterans Affairs (VA) is working with other federal partners to assess next steps in response to recent reports of cases of Coronavirus Disease 2019 (COVID-19) in the United States.  To keep Veterans and stakeholders safe while continuing the mission of VA Home Loan Program, VA is providing the following information.  Please note, VA is continuing with normal program operations and information will be shared as updates are made available regarding the VA Home Loan program.

Circular 26-20-6 - March 16, 2020
Electronic Filing of Condominium Association Documents
PURPOSE: This Circular is to announce that the Department of Veterans Affairs (VA) will require the electronic submission of documents for condominium approval requests through WebLGY, effective immediately.

Circular 26-20-5 - March 11, 2020
Special Relief Following Tennessee Severe Storms, Tornadoes, Straight-line Winds, and Flooding
PURPOSE: This Circular expresses concern about the Department of Veterans Affairs (VA) home loan borrowers affected by the severe storms, tornadoes, straight-line winds, and flooding in Tennessee, and describes measures mortgagees may employ to provide relief. Mortgage servicers and borrowers alike should review VA’s Guidance on Natural Disasters to ensure Veterans receive the assistance they need.

Circular 26-20-3 - February 26, 2020
2020 Modification of Prior Approval Process for Loans Involving a Beneficiary
PURPOSE: This Circular is to modify section c, Special Procedures for Veterans Rated “Unable to Manage VA Benefits,” of Chapter 2, Topic 2, How to Process a Prior Approval Loan (Pre-Closing) of the Department of Veterans Affairs (VA) M26-1, Revised, Guaranteed Loan Processing Manual.


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