Plaza News + Updates

2-1 and 1-0 Buydowns Are Here!

Now you can offer your borrowers flexibility with 7/6 and 10/6 hybrid ARMs with the Jumbo AUS 3 from Plaza Home Mortgage^®.

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:

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.”

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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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.

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.

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^®.