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®
  • Freddie Mac CHOICERenovation®
  • FHA 203(k) – Limited and Standard
  • FHA 203(h) – Presidentially-declared disaster area
  • VA Alterations and Repairs

LOCK OPTIONS

  • Best Effort Commitment
  • Mandatory Commitment
  • Lock & Shop
    • Lock TBD with ZIP Code
    • No upfront fees
    • One-time float down option, up to 120 days
  • 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

 SPONSORSHIP AVAILABLE
• FHA, VA, and USDA

TEMPORARY BUYDOWNS
• Reduce buyer payment without reducing sales price
• Maintain full price for future comparable sales
• 2/1 and 1/0 terms for FHA and VA

FANNIE MAE

  • High LTV refinance options
  • RefiNow™
  • HomeReady®
  • MH Advantage®
  • Texas Cash Out

FREDDIE MAC

  • Refi PossibleSM
  • HomeOne®
  • Home Possible®
  • Texas Cash-Out

FHA

  • Conforming and High Balance
  • Streamline
  • HUD REO
    • $100 Down
    • Good Neighbor Next Door

VA

  • Conforming to High Balance to $1.5M
  • Interest Rate Reduction Refinance Loan (IRRRL)

USDA

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

Download our latest version of our Product Highlights

MBA
Equal Op
US