---
title: Plaza's Program Updates: Solutions Non-QM, DSCR Investor Solutions & Closed-End Seconds
description: Plaza Home Mortgage® has made updates to our Solutions Non-QM 1,3 & 4, DSCR Investor Solutions 1, 3 & 4, and Closed-End Seconds loan programs.
---
[Skip to Content](https://news.plazahomemortgage.com/newsupdates/solutions-non-qm-dscr-investor-solutions-closed-end-seconds#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/)
# Plaza News + Updates
# Plaza's Program Updates: Solutions Non-QM, DSCR Investor Solutions & Closed-End Seconds
Posted by [Plaza Home Mortgage](https://news.plazahomemortgage.com/newsupdates/author/plaza-home-mortgage) on December 16, 2025
[Plaza Home Mortgage](https://info.plazahomemortgage.com/wholesale-product-lineup?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)® has made updates to our Solutions Non-QM 1,3 & 4, DSCR Investor Solutions 1, 3 & 4, and Closed-End Seconds loan programs. These updates include guideline revisions and clarifications which are effective immediately for all new locks.
[Solutions Non-QM 1](https://news.plazahomemortgage.com/hubfs/Program%20Updates/Solutions%20Non-QM%201%20Program%20Guidelines%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)
- Program Matrix: Minimum FICO for LTV > 80% updated to 700 for Full Doc and 720 for Alt doc.
- Construction loan payoff refinance: Appraised value used after 6 months’ ownership (was 12 months). Clarified flip guidelines may apply.
- Non-permanent Resident: Doc type is no longer limited to 24-months, and gift funds are now allowed.
- Housing History: VOR from a private party may be allowed.
- Income Doc, Full Doc 401(k)/IRA: 12-month history of withdrawal requirement removed, and documentation options added.
- Income Doc, Full Doc Pension/Retirement: 1-year 1099 is allowed (was 2-years) and documentation options clarified.
- Alt Doc 1099: 1099s issued to an LLC are allowed if additional requirements are met.
- Alt Doc Bank Statements:
- Large deposits are defined as deposits exceeding 100% of sales/revenue (was 50%).
- NSF definitions clarified. No change to number of occurrences allowed.
- Reserves: Reserves waiver for Rate/Term P&I reduction removed.
- Interested Party Contributions: Increased to 6% for investment property (was 3%).
- Property – Condos: Fannie Mae CPM approval is allowed and review requirements clarified for site condos and 2–4-unit projects.
[Solutions Non-QM 3](https://news.plazahomemortgage.com/hubfs/Program%20Updates/Solutions%20Non-QM%203%20Program%20Guidelines%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)
- Construction loan payoff refinance: Appraised value used after 6 months’ ownership (was 12 months). Clarified flip guidelines may apply.
- Non-permanent Resident: Doc type is no longer limited to 24-months, and gift funds are now allowed.
- Housing History: VOR from a private party may be allowed.
- Income Doc, Full Doc 401(k)/IRA: 12-month history of withdrawal requirement removed, and documentation options added.
- Income Doc, Full Doc Pension/Retirement: 1-year 1099 is allowed (was 2-years) and documentation options clarified.
- Alt Doc 1099: 1099s issued to an LLC are allowed if additional requirements are met.
- Alt Doc Bank Statements:
- Large deposits defined as deposits exceeding 100% of sales/revenue (was 50%).
- NSF definitions clarified. No change to number of occurrences allowed.
- Property – Condos: Fannie Mae CPM approval is allowed and review requirements clarified for site condos and 2–4-unit projects.
[Solutions Non-QM 4](https://news.plazahomemortgage.com/hubfs/Program%20Updates/Solutions%20Non-QM%204%20Program%20Guidelines%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)
- Construction loan payoff refinance: Appraised value used after 6 months’ ownership (was 12 months). Clarified flip guidelines may apply.
- Non-permanent Resident: Doc type is no longer limited to 24-months.
- Housing History: VOR from a private party may be allowed.
- Income Doc, Full Doc 401(k)/IRA: 12-month history of withdrawal requirement removed, and documentation options added.
- Income Doc, Full Doc Pension/Retirement: 1-year 1099 is allowed (was 2-years) and documentation options clarified.
- Alt Doc 1099: 1099s issued to an LLC are allowed if additional requirements are met.
- Alt Doc Bank Statements:
- Large deposits defined as deposits exceeding 100% of sales/revenue (was 50%).
- NSF definitions clarified. No change to number of occurrences allowed.
- Interested Party Contributions: Increased to 6% for investment property (was 3%).
- Property – Condos: Fannie Mae CPM approval is allowed and review requirements clarified for site condos and 2–4-unit projects.
[DSCR Investor Solutions 1](https://news.plazahomemortgage.com/hubfs/Program%20Updates/DSCR%20Investor%20Solutions%201%20Program%20Guidelines%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)
- Refinance: Construction loan payoff refinance: Appraised value used after 6 months ownership (was 12 months).
- First-Time Investor:
- Mortgage history requirement 12 months (was 36).
- Cash-out is allowed.
- Non-Permanent Resident: Gift funds are allowed.
- Housing History:
- Clarified housing history not required for non-primary residence and non-subject property not listed on the credit report.
- Clarified mortgage rating must be current through the month prior to the note date (same as Non-QM).
- VOR from private party may be allowed.
- Leased Properties vs Vacant Properties: Clarified all leased properties require a lease.
- Short-Term Rent Calculation: AirDNA maximum occupancy limit of 2 people per room removed.
- Interested Party Contributions increased to 6% (was 3%).
- Reserves waiver for Rate/Term P&I reduction removed.
- Property – Condos: Fannie Mae CPM approval is allowed and review requirements clarified for site condos and 2-4 unit projects.
[DSCR Investor Solutions 3](https://news.plazahomemortgage.com/hubfs/Program%20Updates/DSCR%20Investor%20Solutions%203%20Program%20Guidelines%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)
- Refinance: Construction loan payoff refinance: Appraised value used after 6 months ownership (was 12 months).
- First-Time Investor:
- Mortgage history requirement 12 months (was 36).
- Cash-out is allowed.
- Non-Permanent Resident: Gift funds are allowed.
- Housing History:
- Clarified housing history not required for non-primary residence and non-subject property not listed on the credit report.
- Clarified mortgage rating must be current through the month prior to the note date (same as Non-QM).
- VOR from private party may be allowed.
- Leased Properties vs Vacant Properties: Clarified all leased properties require a lease.
- Short-Term Rent Calculation: AirDNA maximum occupancy limit of 2 people per room removed.
- Interested Party Contributions increased to 6% (was 3%).
- Property – Condos: Fannie Mae CPM approval is allowed and review requirements clarified for site condos and 2–4-unit projects.
[DSCR Investor Solutions 4](https://news.plazahomemortgage.com/hubfs/Program%20Updates/DSCR%20Investor%20Solutions%204%20Program%20Guidelines%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)
- Refinance: Construction loan payoff refinance: Appraised value used after 6 months ownership (was 12 months).
- Non-Permanent Resident: EAD no longer allowed, must verify with a VISA.
- Housing History:
- Clarified housing history not required for non-primary residence and non-subject property not listed on the credit report.
- Clarified mortgage rating must be current through the month prior to the note date (same as Non-QM).
- VOR from private party may be allowed.
- Short-Term Rent Calculation: AirDNA maximum occupancy limit of 2 people per room removed.
- Interested Party Contributions increased to 6% (was 3%).
- Property – Condos: Fannie Mae CPM approval is allowed and review requirements clarified for site condos and 2–4-unit projects.
[Closed-End Seconds](https://news.plazahomemortgage.com/hubfs/Program%20Updates/Closed%20End%20Second%20Lien%20Program%20Guidelines%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB)
- Seasoning: Note date is used for seasoning (was the application date).
- Loan Limit: Maximum combined liens $2.5M (was $3M).
- Eligible First Liens: A copy of the first lien note is required.
- Alt Doc Bank Statements:
- Large deposits defined as deposits exceeding 100% of sales/revenue (was 50%).
- NSF definitions clarified. No change to number of occurrences allowed.
- Property – Condos: Clarified review requirements.
- Geographic Restrictions: Updated state fee eligibility for IN, NC, PA and VT.
Plaza’s [DSCR Investor Solutions](https://news.plazahomemortgage.com/hubfs/Program%20Updates/DSCR%20Investor%20Solutions%20Program%20Comparison%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB) and [Solutions Non-QM](https://news.plazahomemortgage.com/hubfs/Program%20Updates/Solutions%20Non-QM%20Comparison%2012.8.25.pdf?utm_campaign=Program%20Updates&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz--jv5l-V7GjxPsAtiabyTX5rwFCeilutvKm76OTtWOQS1fDCEJqcaFMofd-7ozoq3BApcpB) program comparisons have been updated to reflect these changes.
Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Plaza at a Glance](https://news.plazahomemortgage.com/newsupdates/tag/plaza-at-a-glance), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [Government Loans](https://news.plazahomemortgage.com/newsupdates/tag/government-loans)
[](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/5238866/28816e45-adc9-4bb0-9239-7ef383b72234)
Not signed up with Plaza yet?
Call us at 866.241.7283 or start your online application below.
[](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/5238866/ac1e06dc-228e-4411-8907-10e4c82d143c)
Have a question? [Email us](mailto:hereforyou@plazahomemortgage.com)!
### Recent Posts
### Posts by Tag
- [Plaza at a Glance (113)](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 (64)](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
[](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/)