Plaza News + Updates

Great news for borrowers! With the recent announcement of the reduction of FHA annual Mortgage Insurance Premium (MIP), Plaza Home Mortgage^® will apply the new MI factors to FHA loans effective Monday, February 27, 2023.

New MI factors will be applied to:

At first glance, the new LLPAs, effective May 1, 2023, for Fannie Mae^® and Freddie Mac loans, can seem daunting. That’s why we’ve created an LLPA Reference Guide to help break it down for you!

This guide shares how the new price adjustments compare to previous ones, showing areas where pricing went up or down.

Currently all new 60-day Conventional locks for Plaza Home Mortgage^® will utilize the new LLPAs. See the following timeframe for other lock periods:

Our full training calendar for the month of February is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

Our full training calendar for the month of January is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

2023 Higher Conforming Limits!
Available Now with Plaza – Can Close in 2022

FHFA has announced the 2023 conforming loan limits: $726,200 and $1,089,300 for high balance. Plaza is accepting the increased loan limits, effective immediately. Talk to your Plaza Account Executive for more info!

Our full training calendar for the month of December is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

2-1 and 1-0 Buydowns Are Here!

Our full training calendar for the month of November is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

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

Our full training calendar for the month of October is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.