--- title: News + Updates | Plaza Home Mortgage | Plaza Home Mortgage (3) description: Check out our latest news (3) --- [Skip to Content](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage/page/3#main) - [wholesale](https://www.plazahomemortgage.com/becomeabroker/) - [Non-Delegated Correspondent](https://www.plazahomemortgage.com/minicorrespondent/) - [national correspondent](https://www.plazahomemortgage.com/correspondentlending/) - [reverse](https://www.plazahomemortgage.com/reverse/) - [about us](https://www.plazahomemortgage.com/aboutus/) - [contact us](https://www.plazahomemortgage.com/contactus/) [logo links to homepage](https://www.plazahomemortgage.com/) - [Wholesale](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [Non-Delegated Correspondent](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [National Correspondent](https://www.plazahomemortgage.com/login/) - [Reverse](https://www.plazahomemortgage.com/login/) - [wholesale](https://www.plazahomemortgage.com/becomeabroker/) - [Non-Delegated Correspondent](https://www.plazahomemortgage.com/minicorrespondent/) - [national correspondent](https://www.plazahomemortgage.com/correspondentlending/) - [reverse](https://www.plazahomemortgage.com/reverse/) - [about us](https://www.plazahomemortgage.com/aboutus/) - [contact us](https://www.plazahomemortgage.com/contactus/) - [Guest Login](https://www.plazahomemortgage.com/login/) - [Broker Login](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [Mini-Correspondent Login](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [Correspondent Login](https://www.plazahomemortgage.com/login/) - [Reverse Login](https://www.plazahomemortgage.com/login/) ![PHM\_Blog\_Hero\_820](https://news.plazahomemortgage.com/hubfs/PHM_Blog_Hero_820.jpg "PHM_Blog_Hero_820") # Plaza News + Updates ## Plaza Home Mortgage ![Plaza Home Mortgage](https://news.plazahomemortgage.com/hubfs/PHM-Clover-RGB_300x300.jpg) ### Recent Posts ## [Jumbo AUS LLPA Improvement](https://news.plazahomemortgage.com/newsupdates/jumbo-aus-llpa) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on June 9, 2021 Effective for all Jumbo AUS locks taken on or after Wednesday, June 2, 2021, [Plaza Home Mortgage](http://www.plazahomemortgage.com/?utm_campaign=Wholesale%20News%20%2B%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8pal66OzwASfB5uN2R2UZDNFU3ZhrzIyt7pJscfmqx2bUr85X9M-ifVMzLQQ2YHF7CFuM-)® has improved the investment property LLPA between .750 – 1.000 and the adjustment for LTV \> 80% has increased by .250. [Read More](https://news.plazahomemortgage.com/newsupdates/jumbo-aus-llpa) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [National Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) ## [USDA 1003 Update](https://news.plazahomemortgage.com/newsupdates/usda-1003-update) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on May 27, 2021 Beginning June 1, 2021, USDA will require the redesigned Uniform Residential Loan Application (URLA) (Fannie Mae Form 1003/Freddie Mac Form 65, effective date 1/2021) for all new loan submissions. All SFHGLP Loan requests utilizing the old URLA version must be submitted to Rural Development prior to June 1, 2021. Loans in the pipeline that have already received Conditional Comment for SFR Guarantee Approval will not be affected. Loans in the pipeline not submitted for Conditional Comment for SFR Guarantee Approval, using the new 1003 will not be affected. [Read More](https://news.plazahomemortgage.com/newsupdates/usda-1003-update) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [National Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) ## [Jumbo AUS – Plaza’s Next BIG Thing](https://news.plazahomemortgage.com/newsupdates/jumbo-aus) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on May 11, 2021 Big things are happening at [Plaza Home Mortgage](https://www.plazahomemortgage.com/)® so sit back, relax and enjoy an easier way to do Jumbo loans with our new [Jumbo AUS program](https://info.plazahomemortgage.com/jumbo-aus). Documentation for traditional Jumbo loans and the requirements of Appendix Q can be daunting but by utilizing the resources provided by Plaza’s Jumbo AUS program, you’ll be able to streamline these larger loans more efficiently. [Read More](https://news.plazahomemortgage.com/newsupdates/jumbo-aus) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [National Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) ## [VA Eligibility Expanded to National Guard Members](https://news.plazahomemortgage.com/newsupdates/va-eligibility-expanded) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on April 30, 2021 Aligning with the Department of Veterans Affairs (VA) recently announced expansion of eligibility, [Plaza Home Mortgage](http://www.plazahomemortgage.com/?utm_campaign=Wholesale%20News%20%2B%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8vF8rO9jMxBsrgtrtcnS_LcYOVvVzPeN7mgHuwxOC-OlmC4VIpQoJJJAIqGPLdk5kerOn8)® is now able to extend VA home loans to certain members of the Army National or Air National Guard. Eligible National Guard members must have performed at least 90 cumulative days of full-time National Guard duty, of which, at least 30 of those days must have been consecutive. This change applies to current and former National Guard members, regardless of service dates. Plaza’s VA guidelines have been adjusted to reflect the change. View the [VA Circular](https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_21_08.pdf?utm_campaign=Wholesale%20News%20%2B%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8vF8rO9jMxBsrgtrtcnS_LcYOVvVzPeN7mgHuwxOC-OlmC4VIpQoJJJAIqGPLdk5kerOn8) for more details on who is now eligible. [Read More](https://news.plazahomemortgage.com/newsupdates/va-eligibility-expanded) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [National Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) ## [VA Renovation – We’ve Got It!](https://news.plazahomemortgage.com/newsupdates/va-renovation) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on April 9, 2021 We are happy to announce to our clients that, effective immediately, [Plaza Home Mortgage](http://plazahomemortgage.com/?utm_campaign=Wholesale_AgencyExpress_10.19.20&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-9J6bawkI0qzp0nW2dLTokQCxoi66M53Lj_ml799VUUgtGkIZLCT9IkrncB-IFnD8hrzeFs)® is once again offering the VA Renovation loan program! [Read More](https://news.plazahomemortgage.com/newsupdates/va-renovation) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) ## [Introducing FlexClose – A Better Way to Fund](https://news.plazahomemortgage.com/newsupdates/introducing-flexclose) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on March 31, 2021 **Funding on Your Schedule, Even After-hours and Weekends** [Read More](https://news.plazahomemortgage.com/newsupdates/introducing-flexclose) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) ## [NEW Lower FICOs for FHA, USDA and VA](https://news.plazahomemortgage.com/newsupdates/new-lower-ficos-for-fha-usda-and-va) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on March 17, 2021 [Plaza Home Mortgage](http://www.plazahomemortgage.com)® 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](https://news.plazahomemortgage.com/newsupdates/new-lower-ficos-for-fha-usda-and-va) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [FHA Loans](https://news.plazahomemortgage.com/newsupdates/tag/fha-loans), [USDA Loans](https://news.plazahomemortgage.com/newsupdates/tag/usda-loans), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [Government Loans](https://news.plazahomemortgage.com/newsupdates/tag/government-loans), [VA Loans](https://news.plazahomemortgage.com/newsupdates/tag/va-loans), [National Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) ## [Reintroducing Jumbo 1](https://news.plazahomemortgage.com/newsupdates/jumbo1) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/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](https://news.plazahomemortgage.com/newsupdates/jumbo1) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news) ## [DACA Recipients Now Eligible to Apply for FHA-backed Loans](https://news.plazahomemortgage.com/newsupdates/breaking-daca) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on February 9, 2021 | **DACA Recipients Now Eligible for FHA Loans** In alignment with FHA’s [recent announcement](https://www.hud.gov/sites/dfiles/SFH/documents/SFH_FHA_INFO_21-04.pdf?trk=public_post_share-update_update-text&utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8kHfQ4cwf2vtWLVqq7oxXblUmvL67xT8Sc-Bi1BgdM79P_PkI8PTFZ6MeFvuAcSOIkUxwN), 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](https://news.plazahomemortgage.com/newsupdates/breaking-daca) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news) ## [Home Possible and USDA Program Updates](https://news.plazahomemortgage.com/newsupdates/1.20.21-programupdates) Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on February 9, 2021 **Home Possible**In alignment with the [Freddie Mac Bulletin 2020-45](https://share.plazahomemortgage.com/e2t/tc/VWGSYM1sfNgYVb_38m8VrGWfW2K0rfL4m2LNfN7Y8_3L3p_b1V1-WJV7CgD65N3zskqgjSKQSW4C0PKv26Q3ffW4Bl6H58vMprrW18JkLy1J2HfMW4FGXMr2dKqHdW3sqshc8B9HSvVknRt46xL5sWW2KbGKn8j9FDMW3PFCnx2TCv3dW7WQ6mg1cmz3tW4bnhnJ158-rjW24Pmpy60MJx4W1x99Gy84J-LVVNfplD8PdNB1W7P1mqD23G3Z_W21Q3043cpsM4W7H8Fbf8ylpv_N8j8Bc52_R_0W77Xbx26CN297W6WJwRl3YcrCgW3mHfCt1T3-73N4SB6FNPY8ngW79xG0j5mbt2kW1ycNQq86v1CQW3XhSsM5sPM7BW73mXZD8kWtctW8X_jhX50N3CzW7HNm0C59rKjsVCPYw09hMM0_W4C_BCg3prCzs396w1), Plaza Home Mortgage® has updated the [Home Possible® program guidelines](https://share.plazahomemortgage.com/e2t/tc/VWGSYM1sfNgYVb_38m8VrGWfW2K0rfL4m2LNfN7Y8_2S5nxHkV3Zsc37CgGbNW8-cB468pCcqyW1wtYCs5tl9QBVS5MTQ4tr35xW7SYxTN6X48wpW8xt3Zc4dkMs7W1t_QzD2kGsbRW4PFL4V9gYXt_W1DmWNH5L1lLrN3LYvp5Pxw5cW5KFfyC1KDQh3W161glK1XHGhlW2MnNDX3TK7n9N5MlmflHm12cW3tJVHm5ZSMVyW1LNplY8dM4zdW62c15Q51KM-cN1WJT0QYT0q_W845SgF7kfZwdW8jfw-k2jN_2cW5Tk6Jd3s_9n5W3RZ5VR80c2kmW6dLqJ47s52ppW7MY_sY93X7hgW3-9b8X1ncFBhW6_yVv07V8ZxjW5TDngc8wQSpgW7Xwkp11GG40NW3G_XdY5c11BpW3Qs_bt6HG_nJVtDGHp6h2NnYW6C90Lz3l5SCwW7nTTKt9bZD0PW5GzbDH3ZHNPzW1NtYq89kJ2DKVqSl307VPgCcN50Q-nFw-VMQW2_y_8H5Nl2RbW9cxmPL6Q-bQ1N79xVp8791T2N7X2VQZzfXDT36-D1), 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](https://news.plazahomemortgage.com/newsupdates/1.20.21-programupdates) Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [National Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [National Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) [Previous](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage/page/2) [All posts](https://news.plazahomemortgage.com/newsupdates/all) [Next](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage/page/4) **Welcome to the Plaza Home Mortgage® News and Updates page. Here you can find the latest announcements, client updates, training and more from Plaza.**  ### Recent Posts ### Posts by Tag - [Plaza at a Glance (114)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-at-a-glance) - [Wholesale News (84)](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news) - [Non-Delegated Correspondent News (71)](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news) - [Plaza Training (65)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-training) - [National Correspondent News (54)](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news) - [Wholesale Program Updates (47)](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates) - [Non-Delegated Correspondent Program Updates (36)](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) - [National Correspondent Program Updates (23)](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates) - [Plaza in the News (13)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-in-the-news) - [BREEZE LOS (11)](https://news.plazahomemortgage.com/newsupdates/tag/breeze-los) - [Government Loans (10)](https://news.plazahomemortgage.com/newsupdates/tag/government-loans) - [eClosing and Digital Lending Tools (6)](https://news.plazahomemortgage.com/newsupdates/tag/eclosing-and-digital-lending-tools) - [FHA Loans (5)](https://news.plazahomemortgage.com/newsupdates/tag/fha-loans) - [Plaza Events (5)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-events) - [Correspondent Certified Loan Program (4)](https://news.plazahomemortgage.com/newsupdates/tag/correspondent-certified-loan-program) - [Renovation Loans (4)](https://news.plazahomemortgage.com/newsupdates/tag/renovation-loans) - [Jumbo Reverse (3)](https://news.plazahomemortgage.com/newsupdates/tag/jumbo-reverse) - [Reverse HECM (3)](https://news.plazahomemortgage.com/newsupdates/tag/reverse-hecm) - [Client Case Studies (2)](https://news.plazahomemortgage.com/newsupdates/tag/client-case-studies) - [Condo Lending (1)](https://news.plazahomemortgage.com/newsupdates/tag/condo-lending) - [USDA Loans (1)](https://news.plazahomemortgage.com/newsupdates/tag/usda-loans) - [VA Loans (1)](https://news.plazahomemortgage.com/newsupdates/tag/va-loans) See all [![Plaza](https://news.plazahomemortgage.com/hubfs/Plaza_January2020%20Theme/images/LIVE-PHM-vert-REV-T_small.png)](https://www.plazahomemortgage.com/) - [Licenses](https://www.plazahomemortgage.com/licenses/) - [careers](https://www.plazahomemortgage.com/careers/) - [contact](https://www.plazahomemortgage.com/contactus/) - [borrower info](https://www.plazahomemortgage.com/customerservice/) - [press](https://www.plazahomemortgage.com/pressreleases/) - [policies](https://www.plazahomemortgage.com/privacy/) - [resources](https://www.plazahomemortgage.com/resources/) - [training](https://www.plazahomemortgage.com/calendar/) - [Privacy](https://www.plazahomemortgage.com/privacypolicy/) - - - [NMLS](http://www.nmlsconsumeraccess.org/) [Plaza NMLS 2113](http://www.nmlsconsumeraccess.org/)