In alignment with the Freddie Mac Bulletin 2020-45, Plaza Home Mortgage® has updated the Home Possible® program guidelines, effective for all loans purchased on or after March 1, 2021. Specifically, this update reduces the maximum LTV from 95% to 85% for certain Home Possible Mortgages secured by 2-4-unit properties.
Our USDA Guaranteed Rural Housing program guidelines have been updated to align with HB-1-3555 in regards to validation of credit score (tradeline requirements). GUS Accept loans do not require credit score validation. GUS Refer, Refer with Caution, and Manual Underwrite loans require credit score validation.