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Plaza News + Updates

Correspondent Renovation Lending Made Easy

Posted by Plaza Correspondent on October 2, 2020

Today’s housing market is dominated by existing home sales, with over 5.3 million existing homes sold in 2019 and at average age of 30 years old. Because of this, renovation lending is perhaps more important to your business than ever before. Plaza Home Mortgage® offers you the resources you need to make getting into this market easy and stress-free. Our dedicated renovation lending division is here to help you from start to finish, and reviews each loan to ensure they’re done right the first time.

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Topics: National Correspondent News, Government Loans, Renovation Loans

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

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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.

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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!

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