--- title: [Wholesale] Plaza's FHA and VA FICOs Go Even Lower description: Plaza Home Mortgage® is excited to announce several new developments to our FHA, VA and Jumbo programs, effective immediately. --- [Skip to Content](https://news.plazahomemortgage.com/newsupdates/wholesale-plazas-fha-and-va-ficos-go-even-lower#main) - [wholesale](https://www.plazahomemortgage.com/becomeabroker/) - [Non-Delegated Correspondent](https://www.plazahomemortgage.com/minicorrespondent/) - [national correspondent](https://www.plazahomemortgage.com/correspondentlending/) - [reverse](https://www.plazahomemortgage.com/reverse/) - [about us](https://www.plazahomemortgage.com/aboutus/) - [contact us](https://www.plazahomemortgage.com/contactus/) [logo links to homepage](https://www.plazahomemortgage.com/) - [Wholesale](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [Non-Delegated Correspondent](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [National Correspondent](https://www.plazahomemortgage.com/login/) - [Reverse](https://www.plazahomemortgage.com/login/) - [wholesale](https://www.plazahomemortgage.com/becomeabroker/) - [Non-Delegated Correspondent](https://www.plazahomemortgage.com/minicorrespondent/) - [national correspondent](https://www.plazahomemortgage.com/correspondentlending/) - [reverse](https://www.plazahomemortgage.com/reverse/) - [about us](https://www.plazahomemortgage.com/aboutus/) - [contact us](https://www.plazahomemortgage.com/contactus/) - [Guest Login](https://www.plazahomemortgage.com/login/) - [Broker Login](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [Mini-Correspondent Login](https://breeze.plazahomemortgage.com/epicportal/Default.aspx) - [Correspondent Login](https://www.plazahomemortgage.com/login/) - [Reverse Login](https://www.plazahomemortgage.com/login/) ![PHM_Blog_Hero_820](https://news.plazahomemortgage.com/hubfs/PHM_Blog_Hero_820.jpg "PHM_Blog_Hero_820") # Plaza News + Updates # \[Wholesale\] Plaza's FHA and VA FICOs Go Even Lower Posted by [Plaza Wholesale](https://news.plazahomemortgage.com/newsupdates/author/plaza-wholesale) on May 19, 2021 **FHA and VA FICOs Go Even Lower + More FHA, VA and Jumbo AUS News** [Plaza Home Mortgage](https://www.plazahomemortgage.com/)® is excited to announce several new developments to our FHA, VA and Jumbo programs, effective immediately. We’ve lowered our minimum FICOs on some of our most popular programs, and with recently expanded eligibility for VA loans, you can offer these programs to more borrowers in your market. See below for a summary of updates, and follow the links or contact your Plaza Account Executive for complete program guidelines. [**FHA Fixed & ARM FICOs**](https://news.plazahomemortgage.com/hubfs/Program%20Updates/FHA%20Fixed%20and%20ARM%20Conforming%20and%20High%20Balance%20Program%20Guidelines%205.18.21.pdf) - Now to 580 on Conforming Balance and High Balance purchase and rate/term - Streamline lowered to 580 regardless of current servicer on Conforming Balance and High Balance - [FHA 203(h)](https://news.plazahomemortgage.com/hubfs/Program%20Updates/FHA%20203(h)%20Program%20Guidelines%205.18.21.pdf) FICO is now to 580 [**FHA 203(k) Update**](https://news.plazahomemortgage.com/hubfs/Program%20Updates/FHA%20203(k)%20Program%20Guidelines%205.18.21.pdf) Borrower tenants are eligible to purchase the property they are renting as long as they can document they have rented and occupied the property for at least six months immediately predating the sales contract. Additionally, there must not be any other relationship between the landlord and tenant present. [**VA Fixed & ARM FICOs**](https://news.plazahomemortgage.com/hubfs/Program%20Updates/VA%20Fixed%20and%20ARM%20Program%20Guidelines%205.18.21.pdf) - Lowered to 580 on Conforming Balance purchase and refinance - Jumbo purchase and refinance <= $1,000,000 now to 580 - [VA IRRRLs](https://news.plazahomemortgage.com/hubfs/Program%20Updates/VA%20IRRRL%20Program%20Guidelines%205.18.21.pdf) - FICO lowered to 580 up to $1,000,000 regardless of current servicer   **More Big News on VA** - Jumbo IRRRL now available to $1,500,000. 660 FICO required for loan amounts > $1,000,000 - Certain members of the Army National Guard or the Air National Guard are now eligible for VA home loan benefits. Per [VA Circular 26-21-08](https://benefits.va.gov/HOMELOANS/documents/circulars/26_21_08.pdf) - The requirement for a Collateral Desktop Assessment (CDA appraisal review) for loans > $1,000,000 has been removed   [**Jumbo AUS Update**](https://news.plazahomemortgage.com/hubfs/Program%20Updates/Jumbo%20AUS%20Program%20Guidelines%205.13.21.pdf) - Guidelines have been updated to clarify that income or employment commencing after the Note date is not eligible. All income me must be documented prior to the Note date. Get started today by contacting us at [hereforyou@plazahomemortgage.com](mailto:hereforyou@plazahomemortgage.com). Topics: [Wholesale News](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news), [Wholesale Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates), [Non-Delegated Correspondent News](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news), [Non-Delegated Correspondent Program Updates](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) [![See All Posts](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/5238866/28816e45-adc9-4bb0-9239-7ef383b72234.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/5238866/28816e45-adc9-4bb0-9239-7ef383b72234) Not signed up with Plaza yet? Call us at **[866.260.2529](tel:+18662602529)** or start your online application below. [![Get Started Here](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/5238866/83744858-4f5a-4823-9e31-e8078c1e0064.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/5238866/83744858-4f5a-4823-9e31-e8078c1e0064) Have a question? [Email us](mailto:hereforyou@plazahomemortgage.com)! ### Recent Posts ### Posts by Tag - [Plaza at a Glance (113)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-at-a-glance) - [Wholesale News (84)](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-news) - [Non-Delegated Correspondent News (71)](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-news) - [Plaza Training (64)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-training) - [National Correspondent News (54)](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-news) - [Wholesale Program Updates (47)](https://news.plazahomemortgage.com/newsupdates/tag/wholesale-program-updates) - [Non-Delegated Correspondent Program Updates (36)](https://news.plazahomemortgage.com/newsupdates/tag/non-delegated-correspondent-program-updates) - [National Correspondent Program Updates (23)](https://news.plazahomemortgage.com/newsupdates/tag/national-correspondent-program-updates) - [Plaza in the News (13)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-in-the-news) - [BREEZE LOS (11)](https://news.plazahomemortgage.com/newsupdates/tag/breeze-los) - [Government Loans (10)](https://news.plazahomemortgage.com/newsupdates/tag/government-loans) - [eClosing and Digital Lending Tools (6)](https://news.plazahomemortgage.com/newsupdates/tag/eclosing-and-digital-lending-tools) - [FHA Loans (5)](https://news.plazahomemortgage.com/newsupdates/tag/fha-loans) - [Plaza Events (5)](https://news.plazahomemortgage.com/newsupdates/tag/plaza-events) - [Correspondent Certified Loan Program (4)](https://news.plazahomemortgage.com/newsupdates/tag/correspondent-certified-loan-program) - [Renovation Loans (4)](https://news.plazahomemortgage.com/newsupdates/tag/renovation-loans) - [Jumbo Reverse (3)](https://news.plazahomemortgage.com/newsupdates/tag/jumbo-reverse) - [Reverse HECM (3)](https://news.plazahomemortgage.com/newsupdates/tag/reverse-hecm) - [Client Case Studies (2)](https://news.plazahomemortgage.com/newsupdates/tag/client-case-studies) - [Condo Lending (1)](https://news.plazahomemortgage.com/newsupdates/tag/condo-lending) - [USDA Loans (1)](https://news.plazahomemortgage.com/newsupdates/tag/usda-loans) - [VA Loans (1)](https://news.plazahomemortgage.com/newsupdates/tag/va-loans) See all [![Plaza](https://news.plazahomemortgage.com/hubfs/Plaza_January2020%20Theme/images/LIVE-PHM-vert-REV-T_small.png)](https://www.plazahomemortgage.com/) - [Licenses](https://www.plazahomemortgage.com/licenses/) - [careers](https://www.plazahomemortgage.com/careers/) - [contact](https://www.plazahomemortgage.com/contactus/) - [borrower info](https://www.plazahomemortgage.com/customerservice/) - [press](https://www.plazahomemortgage.com/pressreleases/) - [policies](https://www.plazahomemortgage.com/privacy/) - [resources](https://www.plazahomemortgage.com/resources/) - [training](https://www.plazahomemortgage.com/calendar/) - [Privacy](https://www.plazahomemortgage.com/privacypolicy/) - - - [NMLS](http://www.nmlsconsumeraccess.org/) [Plaza NMLS 2113](http://www.nmlsconsumeraccess.org/)