Fannie Mae recently released Fannie Mae HomeView™, a new homeownership education course that aligns with National Industry Standards for pre-purchase homeownership education, and can be used to fulfill the education requirement for most mortgage products. HomeView is an online course offered free of charge. Plaza’s program guidelines have been updated to reflect Fannie Mae HomeView homeowner education program as an eligible source of counseling.
We were working hard over the weekend at Plaza Home Mortgage® and now the enhanced AUS Access screen in BREEZE is ready for you!
We've simplified the way you run an AUS, and now the AUS Access screen gives you one place to run both DU® and LPA®.
Jumbo 1 Program Discontinuation
As we’ve said before, at Plaza Home Mortgage® we are always working to keep things simple for our clients. As such, we will be discontinuing our Jumbo 1 program, effective December 27, 2021. We’re confident that Plaza’s Jumbo AUS 1 and Jumbo AUS 2 will provide eligibility for virtually all scenarios previously offered on Jumbo 1, and there will be no reduction in program coverage or price competitiveness.
Available Now with Plaza – Can Close in 2021
FHFA has announced the 2022 conforming loan limits: $647,200 for baseline and $970,800 for high-cost areas. Plaza is accepting the increased loan limits, effective immediately. Talk to your Plaza Account Executive for more info!
We’ve just rolled out another great Jumbo AUS option! Now Plaza clients have even more possibilities to offer your Jumbo borrowers the best price and more choices for qualifying. Our Jumbo AUS programs utilize agency AUS findings for streamlined doc requirements, plus:
Plaza Home Mortgage® is a leader in VA lending and has been for decades. Now, we are making it even easier for you to deliver the service your VA borrowers have earned.
Skip the VA Web Portal and let us handle the legwork for your VA appraisals. If you request our help, we’ll send your borrower a secure web link so they can pay for their appraisal online, and then we’ll process the appraisal order on your behalf. All it takes to get started is emailing a request to our Client Service Department (CSR) – and we’ll take it from there!
Plaza Home Mortgage® is happy to reintroduce Solutions Non-QM for our broker clients! We are here to help you fit the home finance needs of self-employed professionals and other non-W2 borrowers – with more flexibility and enhanced service levels.
Our Solutions Non-QM program has expanded eligibility guidelines and alternative documentation options:
- Standard documentation
- Bank statement (12 and 24 month)
- Asset depletion
Plaza also offers a free Bank Statement Income Calculation service, a dedicated Scenario Desk and Non-QM Underwriting team to give you fast and accurate answers to your questions.
Plaza Home Mortgage® is ready to roll on the Freddie Mac Refi PossibleSM program. Refi Possible expands eligibility to include borrowers at or below 80% of the Area Median Income (AMI) limit.
Benefits of Refi Possible include:
Plaza Home Mortgage® is expanding the lending possibilities for our clients and their borrowers. We are pleased to announce that we are again offering Conventional Conforming and Super Conforming ARMs starting today, Tuesday, August 3, 2021.
Please refer to Plaza’s Conforming ARM and Super Conforming ARM Program Guidelines for complete details.