Effective April 1, 2023
On January 17, 2023, VA released Circular 26-23-03 which outlined the updates to VA Form 26-1820 and 26-1802a. Change 1 identified the release date as April 1, 2023.
All loans delivered to On Q with an application date of April 1, 2023 must follow guidance in Circular 26-23-03.
Use of the new VA Form 26-1820 is required for loans with application dates on or after February 1, 2023. VA Form 26-1802a and VA Form 26-0503 will no longer be required with use of the new VA Form 26-1820. Lenders may, and are encouraged to, use the new form for loan applications received prior to the effective date. The updated VA Form 26-1820 is available on VA’s website: https://www.va.gov/find-forms/. Lenders are reminded that VA 26-1820 should be fully completed and executed by the borrower, and co-borrower (if applicable) at the time of loan closing.
Please contact your assigned AE or Lender Support with any questions relating to this announcement.