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
VA
• 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!
Download our latest version of our Product Highlights
