PRODUCT HIGHLIGHTS

Planet Home Lending offers Conventional, FHA, VA, USDA programs. We are currently developing new programs to enhance our product offerings.

FANNIE MAE CONFORMING & HIGH BALANCE

  • 95% LTV with 100% Gift Funds
  • 97% LTV Primary Residence Conforming
  • Reduced Appraisal Requirements Per DU
  • DU Refi Plus
  • Texas 50(a)(6) & Texas 50(f)

HomeReady

  • 105% CLTV with Community Seconds
  • 97% LTV for 1 Unit Purchase Transactions
  • High Balance Loans to 95% LTV
  • Non-occupant Borrower to 95% LTV

PRIME JUMBO PROGRAM

  • Cash-out to 70% LTV
  • First time homebuyers
  • No-impound account required
  • Non-delegated only

FREDDIE MAC CONFORMING AND SUPER CONFORMING

  • Fixed Rate Products
  • 95% LTV
  • DTI per LPA Findings
  • DPA Allowed
  • Texas 50(a)(6) & Texas 50(f)

FHA CONFORMING & HIGH BALANCE

  • DTI per AUS
  • Temporary buydowns for purchase only
  • Manufactured housing

FHA 203(h) NATURAL DISASTER LOANS

  • Can use for renters or homeowners
  • FICOs to 500
  • No minimum borrower contribution required
  • Reconstruct, repair or buy elsewhere

FHA 203(k) STANDARD & LIMITED

  • Maximum CLTV 110%
  • Minimum Repair Amount $5k (Standard Product)
  • No Minimum Repair Amount (Limited Product)

* Our RenoStar Home Service Department manages the disbursements and coordinates with the borrower, HUD consultants, & contractors.

FHA STREAMLINE

  • 125% LTV/CLTV – No Appraisal
  • 125% LTV/CLTV – Investment Property No Appraisal
  • 580 FICO to 90% LTV

VA CONFORMING & HIGH BALANCE

  • DTI per AUS
  • 100% LTV/CLTV purchase; 600 FICO
  • 90% LTV/CLTV cash-out; 580 FICO
  • 100% LTV/115% CLTV cash-out; 600 FICO
  • Temporary buydowns
  • Manufactured housing

VA IRRRL CONFORMING & HIGH BALANCE

  • 125% LTV/Unlimited CLTV
  • No Ratios on non-credit qualifying; No Income or Asset Verification
  • Mortgage Only Credit Report; 640 FICO

USDA – PURCHASE & NON-STREAMLINE, STREAMLINE, & STREAMLINE ASSIST REFINANCE

  • No Down Payment or Reserves Required
  • Only a 2055 Appraisal Required for Streamline
  • 102% LTV including guarantee fee
  • GUS Findings “Accept/Eligible” or “Refer/Eligible”

Non-QM Product

  • Prior credit event within last 4 years
  • 90% max LTV
  • 580 Minimum credit score
  • $100K – $2.5M loan amount

Download our latest version of our Product Highlights

MBA
Equal Op
US