Plaza News + Updates

Great news! Plaza Home Mortgage^® has extended our waiver of the 50bps Adverse Market Refinance Fee on all Agency Express refis to February 26, 2021. Agency Express, available to our Wholesale and Mini-Correspondent channels, gives you faster turn times on core Fannie Mae^® and Freddie Mac loans. Close in as little as 10-15 days! Learn more by going to our info page or contacting your Plaza Account Executive.

Plaza Home Mortgage^® now offers rates as low as 1.75% on all government loan programs! Combined with Plaza’s superior client service and unparalleled experience with government lending, there has never been a better time to work with us.

The FHA has announced an increase to new forward loan limits for 2021. The new loan limits will be effective for case numbers assigned on or after January 1, 2021. FHA forward mortgage limits for individual MSAs and counties are available here.

Plaza will align with FHA’s effective dates and accept the new loan limits for case numbers assigned on or after January 1, 2021.

Please contact your Plaza Account Executive if you have any questions about the new limits or their implementation date.

Plaza Home Mortgage^® is pleased to announce that we are updating our Wholesale and Mini-Correspondent rate lock policy for all transactions. Now 15, 30, 45 and 60-day locks for all transactions no longer have file status requirements.

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

Plaza is turning 20 in 2020, and the official celebration will kick off soon! To help commemorate the milestone, and in honor of Veteran’s Day, we’ve donated $20,000 to Warrior Foundation Freedom Station, a San Diego-based military charity that assists ill and injured service members. See their amazing work for yourself:

A Success Story: Sgt. Povas Miknaitis, Scout Sniper, U.S. Marine Corps

Learn more or make a donation

The FHFA has announced the new conforming loan limits for loans purchased by Fannie Mae^® and Freddie Mac on or after January 1, 2021.

Get on the Express Track with Speedy Turn Times – and Now Lower Pricing for Wholesale!

Agency Express from Plaza Home Mortgage^® offers brokers faster initial turn times on eligible core Fannie Mae^® or Freddie Mac programs. It’s a streamlined Wholesale submission option for eligible W-2 or fixed income borrowers, plus you may be able to close in as few as 10-15 days.

And even better news – Plaza will waive the .50 bp Adverse Market Refinance Fee on new Wholesale Agency Express refis locked through the end of the year - 12.31.20!