PHM_Blog_Hero_820

Plaza News + Updates

Plaza Home Mortgage

Plaza Home Mortgage

Recent Posts

VA Renovation – We’ve Got It!

Posted by Plaza Home Mortgage on April 9, 2021

We are happy to announce to our clients that, effective immediately, Plaza Home Mortgage® is once again offering the VA Renovation loan program!

Read More

Topics: Wholesale News, Wholesale Program Updates, Mini-Correspondent News, Mini-Correspondent Program Updates

Introducing FlexClose – A Better Way to Fund

Posted by Plaza Home Mortgage on March 31, 2021

Funding on Your Schedule, Even After-hours and Weekends

Read More

Topics: Wholesale News, Wholesale Program Updates, Mini-Correspondent News, Mini-Correspondent Program Updates

NEW Lower FICOs for FHA, USDA and VA

Posted by Plaza Home Mortgage on March 17, 2021

Plaza Home Mortgage® is making it easier to qualify more borrowers with reduced minimum FICO requirements for our FHA, VA and USDA programs! For these core loan programs, the new minimum FICO has been lowered to 600 for FHA and VA and 620 for USDA. We have also updated our popular FHA 203(k) program, which combines financing for the purchase or refinance of a home and its renovation into a single loan, to have a new reduced minimum FICO of 620.

Read More

Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, FHA Loans, USDA Loans, Mini-Correspondent News, Government Loans, VA Loans, National Correspondent Program Updates, Mini-Correspondent Program Updates

Reintroducing Jumbo 1

Posted by Plaza Home Mortgage on February 22, 2021

More Power for Going Big

Offer up to $2.5 million to qualified borrowers with the Jumbo 1 loan program from Plaza. Now your borrowers who are looking to purchase or refinance a higher-value home can take advantage of this program that offers flexible eligibility requirements and competitive rates and pricing.

Read More

Topics: Wholesale News, National Correspondent News, Mini-Correspondent News

DACA Recipients Now Eligible to Apply for FHA-backed Loans

Posted by Plaza Home Mortgage on February 9, 2021

DACA Recipients Now Eligible for FHA Loans

In alignment with FHA’s recent announcement, Plaza Home Mortgage has updated our FHA programs to allow individuals classified under the “Deferred Action for Childhood Arrivals” program (DACA) as eligible applicants.

Please contact your Plaza Account Executive to learn more details.

Read More

Topics: Wholesale News, National Correspondent News, Mini-Correspondent News

Home Possible and USDA Program Updates

Posted by Plaza Home Mortgage on February 9, 2021

Home Possible
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.

Read More

Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

Plaza Home Mortgage New Years Hours

Posted by Plaza Home Mortgage on December 29, 2020

In observance of the New Year’s Day holiday, your Plaza Home Mortgage® offices will be closed on the following days and times:

New Year’s Eve and New Year's Day Hours

  • Thursday, December 31, your Plaza branch office will close at 3:00 PM local time
  • The Lock Desk and Reverse offices will close at 3:00 PM PT, but online locks will still be available until 11:59PM PT.
  • Friday, January 1, all offices will be closed

We wish you and yours a safe and happy New Year.

Please contact your Plaza Account Executive if you have any questions.

Read More

Topics: Wholesale News, National Correspondent News, Mini-Correspondent News

Celebrating 20 Years of Putting Clients First

Posted by Plaza Home Mortgage on February 9, 2021

This year we at Plaza Home Mortgage® are proud to be marking an important milestone in our company history – 20 years in business. Over the years we have experienced the highs and the lows of our industry, and did so alongside many of our clients. But one thing has remained unchanged at Plaza – and that is our commitment to providing you with the highest level of service and support. We celebrate and thank you, and look forward to 20 more years!

Plaza’s leadership reflects on the last 20 years, and what it took to achieve this milestone. Check out their stories.

Read More

Topics: Wholesale News, National Correspondent News, Plaza in the News, Plaza at a Glance, Mini-Correspondent News

Mortgage Industry Leaders Discuss Leveraging Tech, Tools, and People

Posted by Plaza Home Mortgage on December 4, 2020

Mortgage Industry Leaders Discuss Leveraging Tech, Tools, and People

Read More

Topics: Wholesale News, National Correspondent News, Plaza in the News, Plaza at a Glance, Mini-Correspondent News

MReport names Plaza to the "Top 30 Companies in Mortgage & Servicing"

Posted by Plaza Home Mortgage on November 16, 2020

Plaza Home Mortgage® was recently named one of the Top 30 Companies in Mortgage & Servicing by MReport Magazine. The companies recognized met the challenges of this year with “an ideal blend of benefits, perks, culture and atmosphere that sets them apart from the rest.” As we continue to navigate the challenges of the day, Plaza remains committed to the health and happiness of our associates and the communities we serve alike. Read more about this recognition in the November edition of MReport Magazine.

Read More

Topics: Wholesale News, National Correspondent News, Plaza in the News, Plaza at a Glance, Mini-Correspondent News