Plaza News + Updates

Program Improvements: 550 FHA and VA FICOs

Posted by Plaza Home Mortgage on June 17, 2022
Plaza Home Mortgage

Plaza Home Mortgage® is excited to share recent program improvements to help you provide borrowers more leverage in qualifying to meet their home finance goals.

Effective today, FHA and VA guidelines have been updated with reduced FICOs to 550 and an increased max LTV for cash-out on manufactured homes from 65% to 80%.

FHA and VA Update Details:

  • Minimum credit score for Plaza’s FHA and VA core programs has been reduced from 580 to 550
  • FHA:
    • Max 90% LTV/CLTV for FICOs below 580 (per FHA)
    • DTI max of 31/43% for FICOs below 580 with manual underwrite (per FHA)
    • FHA manufactured home cash-out LTV has increased from 65% to 80% for multi-wide properties.

For more information on these changes, reach out to your Plaza Account Executive or email us at

Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

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