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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Our full training calendar for the month of May is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

Our full training calendar for the month of April is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

Plaza Home Mortgage^® will be in NYC for the MBA Secondary and Capital Markets Conference, May 15-18, and we want to meet with you! Click here and set up time to meet with us at the Dos Caminos Restaurant in The W hotel and see how Plaza’s renovation loan programs can help you reach millennial homebuyers, add value to your portfolio and create opportunities for new business in today’s market.

Our full training calendar for the month of March is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

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.

Exciting program news! Plaza Home Mortgage^® is expanding both agency and government guidelines, removing certain overlays and increasing VA Jumbo loan amounts effective on February 10, 2022.

See the below the details on the following changes:

Manufactured Housing Expansion

We’re excited to share that we are now accepting Reverse Jumbo loans from our Correspondent Lenders on a non-delegated basis!

Unlike a standard HECM, the Reverse Jumbo has no mortgage insurance (MI), so your borrowers can access more equity without the additional MI fees. With loan amounts up to $4 million, your clients can tap into more equity in their higher-value homes.