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Plaza News + Updates

Program Improvements: 550 FHA and VA FICOs

Posted by Plaza Home Mortgage on June 17, 2022

Plaza Home Mortgage® is excited to share recent program improvements to help you provide borrowers more leverage in qualifying to meet their home finance goals.

Effective today, FHA and VA guidelines have been updated with reduced FICOs to 550 and an increased max LTV for cash-out on manufactured homes from 65% to 80%.

FHA and VA Update Details:

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

[Wholesale + Mini-Corr] Plaza’s Jumbo Preferred

Posted by Plaza Wholesale on June 3, 2022

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.”

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

[Wholesale + Mini-Corr] Plaza’s USDA Renovation Loan program is now available!

Posted by Plaza Wholesale on May 10, 2022

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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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

[Wholesale] Plaza’s DSCR Investor Solutions program is now available!

Posted by Plaza Wholesale on February 23, 2022

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.

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

[Wholesale] Plaza has exciting new changes to Manufactured Housing, FICO’s and VA Jumbo!

Posted by Plaza Wholesale on February 14, 2022

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.

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

Fannie Mae HomeView Counseling

Posted by Plaza Home Mortgage on January 21, 2022

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.

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

It’s here! The New Dashboard in BREEZE

Posted by Plaza Wholesale on January 14, 2022
The all-new Dashboard is ready in the Plaza Home Mortgage® BREEZE system and we’re excited for you to experience it!
 
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Topics: Wholesale News, Wholesale Program Updates, BREEZE LOS, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

BREEZE AUS Access

Posted by Plaza Wholesale on December 17, 2021

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®.

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Topics: Wholesale News, Wholesale Program Updates, BREEZE LOS, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

Big Updates to Jumbo

Posted by Plaza Home Mortgage on December 10, 2021

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.

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

2022 Higher Conforming Limits!

Posted by Plaza Home Mortgage on December 1, 2021

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!

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates