PRODUCT HIGHLIGHTS

Planet Home Lending Correspondent division purchases government-backed FHA, VA, and USDA loans in addition to FNMA and FHLMC loans.

We’re also a strong partner in the Renovation market offering FHA 203(k) and FNMA HomeStyle loans, both delegated and non-delegated. We can customize our programs to meet your needs.

RENOVATION PRODUCTS

Fannie Mae HomeStyle® and HomeReady®HomeStyle®
Freddie Mac CHOICERenovation®, HomePossible® CHOICERenovation® and ChoiceReno eXPress®
FHA 203(k) – Standard and Limited
VA Alterations and Repairs

LOCK OPTIONS

Best Effort Commitment
Mandatory Commitment including AOT
Lock & Shop
– Lock TBD with ZIP Code
– No upfront fees
Long Term Rate Lock Commitment
– Up to 180, 270, or 360 days
– 1% upfront fee at lock, refunded at purchase
Temporary Buydowns
– FHA, VA 3/2/1, 2/1 and 1/0 terms
– FNMA, FHLMC and USDA 2/1 and 1/0 terms

FANNIE MAE

RefiNow™
HomeReady®
MH Advantage®
Texas Cash-Out
Conventional LPMI Available
Manufactured Homes
eNote Purchasing

FREDDIE MAC

Refi Possible®
HomeOne®
Home Possible®
Texas Cash-Out
Conventional LPMI Available
Manufactured Homes
eNote Purchasing

FHA

Conforming and High Balance
Manual Underwrites
HUD REO
– $100 Down
– Good Neighbor Next Door
Manufactured Homes
FHA 203(h)
eNote Purchasing

Conforming and High Balance to $1.5M
Interest Rate Reduction Refinance Loan
Manufactured Homes
Manual Underwrites
eNote Purchasing

USDA

Purchase, Non-Streamline Refi
Streamlined Refi
Streamlined Assist Refi
Manufactured Homes
eNote Purchasing

CO-ISSUE

FNMA – SMP
FHLMC – Freddie CIX
GNMA – PIIT
eNote Purchasing

ASK US ABOUT OUR STAND-ALONE HOME EQUITY LOAN 2ND LIEN PROGRAM!

PRODUCT HIGHLIGHTS

Download our latest version of our Product Highlights