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 eXPressSM
  • 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
    • One-time float down option with
      120 day lock
  • Long Term Rate Lock Commitment
    • Up to 180, 270, or 360 days
    • 1% upfront fee at lock, refunded
      at purchase
    • One-time float down option

FANNIE MAE

  • RefiNow™
  • HomeReady®
  • HomeStyle® Energy
  • MH Advantage®
  • Texas Cash-Out
  • Conventional LPMI Available
  • Manufactured Homes

FREDDIE MAC

  • Refi Possible℠
  • HomeOne®
  • Home Possible®
  • GreenCHOICE Mortgages®
  • Texas Cash-Out
  • Conventional LPMI Available
  • Manufactured Homes
 

FHA

  • Conforming and High Balance
  • Manual Underwrites
  • HUD REO
    • $100 Down
    • Good Neighbor Next Door
  •  Manufactured Homes
  • FHA 203(h) – Presidentially-declared disaster area
 

VA

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

USDA

  • Purchase, Non-Streamline Refi
  • Streamlined Refi
  • Streamlined Assist Refi
  • Manufactured Homes

TEMPORARY BUYDOWN for FHA, VA and Conventional

• Temporarily reduce buyer payment without reducing sales price
• 2/1 and 1/0 terms

Download our latest version of our Product Highlights

MBA
Equal Op
US