Faster Closings with FHA Express
Take advantage of the new FHA Express submission option from Plaza Home Mortgage® to accelerate closings on your qualifying core FHA loans. FHA Express is available for
W-2 and fixed income borrowers, for purchase, rate/term or cash-out refinances with Conforming or High Balance loan amounts. Qualifying loans receive expedited underwriting, are competitively priced and can often close in as little as 10 to 15 days.
And for your Fannie Mae® and Freddie Mac loans, don’t forget that we have the Agency Express option as well.
Be sure to visit our information page for more details or contact your Plaza Account Executive today.
FHA Express
Posted by
Plaza Wholesale on February 19, 2021
Topics: Wholesale News, Plaza at a Glance, Mini-Correspondent News, Government Loans
Reintroducing Jumbo 1
Posted by
Plaza Home Mortgage on February 22, 2021
More Power for Going Big
Offer up to $2.5 million to qualified borrowers with the Jumbo 1 loan program from Plaza. Now your borrowers who are looking to purchase or refinance a higher-value home can take advantage of this program that offers flexible eligibility requirements and competitive rates and pricing.
Topics: Wholesale News, National Correspondent News, Mini-Correspondent News
DACA Recipients Now Eligible to Apply for FHA-backed Loans
Posted by
Plaza Home Mortgage on February 9, 2021
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DACA Recipients Now Eligible for FHA Loans |
Topics: Wholesale News, National Correspondent News, Mini-Correspondent News
Home Possible and USDA Program Updates
Posted by
Plaza Home Mortgage on February 9, 2021
Home Possible
In alignment with the Freddie Mac Bulletin 2020-45, Plaza Home Mortgage® has updated the Home Possible® program guidelines, effective for all loans purchased on or after March 1, 2021. Specifically, this update reduces the maximum LTV from 95% to 85% for certain Home Possible Mortgages secured by 2-4-unit properties.
Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates
Hello New Year – Goodbye AMF Fee
Posted by
Plaza Wholesale on January 5, 2021
Great news! Plaza Home Mortgage® has extended our waiver of the 50bps Adverse Market Refinance Fee on all Agency Express refis to February 26, 2021. Agency Express, available to our Wholesale and Mini-Correspondent channels, gives you faster turn times on core Fannie Mae® and Freddie Mac loans. Close in as little as 10-15 days! Learn more by going to our info page or contacting your Plaza Account Executive.
Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance
Plaza Home Mortgage New Years Hours
Posted by
Plaza Home Mortgage on December 29, 2020
In observance of the New Year’s Day holiday, your Plaza Home Mortgage® offices will be closed on the following days and times:
New Year’s Eve and New Year's Day Hours
- Thursday, December 31, your Plaza branch office will close at 3:00 PM local time
- The Lock Desk and Reverse offices will close at 3:00 PM PT, but online locks will still be available until 11:59PM PT.
- Friday, January 1, all offices will be closed
We wish you and yours a safe and happy New Year.
Please contact your Plaza Account Executive if you have any questions.
Topics: Wholesale News, National Correspondent News, Mini-Correspondent News
New Super Low Rates on Government Programs
Posted by
Plaza Wholesale on December 28, 2020
Plaza Home Mortgage® now offers rates as low as 1.75% on all government loan programs! Combined with Plaza’s superior client service and unparalleled experience with government lending, there has never been a better time to work with us.
Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance
Celebrating 20 Years of Putting Clients First
Posted by
Plaza Home Mortgage on February 9, 2021
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This year we at Plaza Home Mortgage® are proud to be marking an important milestone in our company history – 20 years in business. Over the years we have experienced the highs and the lows of our industry, and did so alongside many of our clients. But one thing has remained unchanged at Plaza – and that is our commitment to providing you with the highest level of service and support. We celebrate and thank you, and look forward to 20 more years! |
Topics: Wholesale News, National Correspondent News, Plaza in the News, Plaza at a Glance, Mini-Correspondent News
2021 FHA Loan Limits
Posted by
Plaza Wholesale on December 11, 2020
The FHA has announced an increase to new forward loan limits for 2021. The new loan limits will be effective for case numbers assigned on or after January 1, 2021. FHA forward mortgage limits for individual MSAs and counties are available here.
Plaza will align with FHA’s effective dates and accept the new loan limits for case numbers assigned on or after January 1, 2021.
Please contact your Plaza Account Executive if you have any questions about the new limits or their implementation date.
Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance
Wholesale Rate Lock Policy Update
Posted by
Plaza Wholesale on December 11, 2020
Plaza Home Mortgage® is pleased to announce that we are updating our Wholesale and Mini-Correspondent rate lock policy for all transactions. Now 15, 30, 45 and 60-day locks for all transactions no longer have file status requirements.
Please contact your Plaza Account Executive if you have any questions on this update.
Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance
