PHM_Blog_Hero_820

Plaza News + Updates

They're back! HomeStyle and CHOICERenovation Loan Programs

Posted by Plaza Home Mortgage on September 14, 2020

They're back: HomeStyle and CHOICERenovation Loan Programs

Plaza is excited to announce that we will begin accepting Fannie Mae® HomeStyle® and Freddie Mac CHOICERenovation® renovation loans again on Monday, September 8, 2020. And don’t forget we also accept FHA 203(k) loans, so when you think renovation, think Plaza. Visit our program page or contact your Plaza Account Executive to learn more.

Read More

Topics: Wholesale Program Updates, FHA Loans, Renovation Loans, National Correspondent Program Updates

Correspondent Training: Plaza’s FHA 203(k) Renovation Programs

Posted by Plaza Training on September 10, 2020

Offer your borrowers the option of purchasing a home in need of repairs, or refinancing their existing home for remodeling by including the renovation costs in their mortgage.

Join us to learn all about Plaza’s FHA 203(k) Standard and Limited loan programs that are designed to do just that. We’ll show you the tools Plaza has available and walk you through all of the resources Plaza offers that simplify renovation lending.

Tuesday, August 18

11AM-12PM PT

Read More

Topics: National Correspondent News, FHA Loans, Government Loans, Renovation Loans, Plaza Training

FHA 203(k)s are back

Posted by Plaza Wholesale on September 10, 2020

On Monday, July 6, 2020, Plaza resumed lending on FHA 203(k) renovation loans! We will continue to monitor the market and will announce plans for resuming Fannie Mae® HomeStyle®, Freddie Mac CHOICERenovation® and VA Renovation options in the future.

Read More

Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, FHA Loans, Mini-Correspondent News, Government Loans, Renovation Loans

FHA Single-Unit Condo Approvals

Posted by Plaza Wholesale on September 10, 2020

Help your borrower get that perfect condo when it’s not in an FHA-approved complex. Now, with the Single-Unit Approval process, individual condominium units can be approved for FHA financing even when they aren’t in FHA-approved buildings or projects. It opens up more lending opportunities for you, and more selling opportunities for your agents. And Plaza is here to help you get it done!

Read More

Topics: Wholesale News, FHA Loans, Mini-Correspondent News, Government Loans, Condo Lending