Plaza News + Updates

It’s Here! The Jumbo Preferred Program

Jumbo Preferred from Plaza Home Mortgage^® is now available, giving you access to impressive Jumbo pricing that’s designed to keep you competitive – even against the “big boys.”

We are excited to announce that Plaza Home Mortgage^® now offers a USDA Renovation Loan program. Qualified buyers can have the flexibility to purchase with zero down payment on owner-occupied or detached SFR/PUD homes in a USDA eligible rural area.

Take a look at what USDA Renovation Loans can offer your borrowers.

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We have some exciting new program news! Plaza Home Mortgage^® now offers a DSCR program fit for investors looking to purchase or refinance based on their rental property income. With loan amounts up to $3.5 million, your clients can reach their investment goals.

Exciting changes have arrived and we are here to keep you up to date on what’s new. Plaza Home Mortgage^® has some recent updates to Manufactured Housing options, FICO reductions, and an improvement to our VA Jumbo program. Take a look at what will be effective February 10, 2022.

We were working hard over the weekend at Plaza Home Mortgage^® and now the enhanced AUS Access screen in BREEZE is ready for you!

We've simplified the way you run an AUS, and now the AUS Access screen gives you one place to run both DU^® and LPA^®.

Plaza is honored to be named the 2021 Affiliate Company of the Year by the National Association of Mortgage Brokers (NAMB)! Plaza has been recognized for our efforts in promoting the goals, projects, activities and functions of NAMB. Plaza was selected for the award by NAMB’s Awards Committee which is made up entirely of NAMB members. See the announcement.

Plaza Home Mortgage^® is a leader in VA lending and has been for decades. Now, we are making it even easier for you to deliver the service your VA borrowers have earned.

Skip the VA Web Portal and let us handle the legwork for your VA appraisals. If you request our help, we’ll send your borrower a secure web link so they can pay for their appraisal online, and then we’ll process the appraisal order on your behalf. All it takes to get started is emailing a request to our Client Service Department (CSR) – and we’ll take it from there!

Plaza Home Mortgage^® is happy to reintroduce Solutions Non-QM for our broker clients! We are here to help you fit the home finance needs of self-employed professionals and other non-W2 borrowers – with more flexibility and enhanced service levels.

Our Solutions Non-QM program has expanded eligibility guidelines and alternative documentation options:

• Standard documentation
• Bank statement (12 and 24 month)
• P&L
• VOE
• 1099
• Asset depletion

Plaza also offers a free Bank Statement Income Calculation service, a dedicated Scenario Desk and Non-QM Underwriting team to give you fast and accurate answers to your questions.

Plaza Home Mortgage^® is expanding the lending possibilities for our clients and their borrowers. We are pleased to announce that we are again offering Conventional Conforming and Super Conforming ARMs starting today, Tuesday, August 3, 2021.

Please refer to Plaza’s Conforming ARM and Super Conforming ARM Program Guidelines for complete details.