Plaza Home Mortgage Inc.

Basic information

QM program

• Conventional
• Home One
• Home Ready
• Home Possible
• Home Style (Fannie Renovation)
• FHA
• FHA Streamline
• FHA 203(b)
• FHA 203(h)
• FHA 203(k)
• FHA Energy Efficient Mortgage
• FHA DBA
• Good Neighbor Next Door (FHA 100)
• VA
• VA IRRRL
• VA Renovation
• VA High Balance
• VA Jumbo
• USDA
• USDA Streamline
• USDA Rehab/Repair

Loss payee

FHA, VA, USDA & DSCR Loans & Co-op Transactions (PHH): Plaza Home Mortgage, Inc. ISAOA P.O. Box 5954 Springfield, OH 45501-5954 Conventional Loans, including Non-QM and Jumbo (TMS): Plaza Home Mortgage, Inc. ISAOA P. O. Box 2828 Daytona Beach, FL 32120-2828

CPL or subordinate clause

PLAZA HOME MORTGAGE, INC. ISAOA 9808 Scranton Road, Suite 3000 San Diego, CA 92121

Lock policies & fees

Lock policies

Lock extension

1 day (file must be ready to fund): 0.1 5 days (Docs must be back): 0.175 10 days (ALL PTDs must be signed off): 0.3 15 days (ALL PTDs must be signed off): 0.55

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Minimum FHA/VA  SCORE 550 plus manual underwrites

FHA HomeReady, HomeStyle, Home Possible

4 Jumbo products AUS 1-4 & Jumbo Elite up to 3mil

NON-QM (DSRC, P&L, Asset Depreciation, Bank Stmt, & more)

FHA 100% CLTV.  FHA DPA - 100% CLTV ( 96.5 1ST & 3.5 % REPAYABLE 2ND)

FHA 203k Renovation.  8 types of Renovation products, including VA .

Reverse Loans  --  Investor AUS I/O -- 

Closed -end seconds ( Full docs & Bank statements) up to $500,000

Fannie RefiNow * Freddie Refi PossibleSM

Non-Occupant co-borrower 

Free  5 days lock available (except specialty and Jumbo products)

Forward Lock ( M-F) to 11:59 pm

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

1

Reviews