Plaza Home Mortgage to allow bank statements for its non-QM loan

This Quick Step Guide provides directions on how to submit bank statements to Plaza for review and determination of the monthly income. Plaza Home Mortgage, which recently expanded its non-QM lending program to "allow brokers. is "designed to bridge the gap".

Plaza Home Mortgage announced this week that it is rolling out an expanded non-QM lending program that will "allow brokers and correspondent lenders to qualify more non-traditional borrowers."

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Bank Statement Program (6 or 12 months). The company said that its non-QM loan may be used for rate-and-term refinances, cash-out refinances, or a new home purchase for owner-occupied, second.

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Plaza Home Mortgage Inc. is expanding its Solutions Non-QM program with the goal of enabling brokers and correspondent lenders to qualify more non-traditional borrowers. According to the San Diego-based company, the Solutions Non-QM program is available on a delegated or non-delegated basis, with.

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The Plaza Home Mortgage Solutions Non-QM program offers the ability to use business or personal bank statements to determine qualifying income for self-employed borrowers. This Quick Step Guide provides directions on how to submit bank statements to Plaza for review and determination of the monthly income.

Plaza Home Mortgage offers lots of non-QM options, including interest-only, 40-year loan terms, expanded DTI ratios, bank statements programs, and jumbo loan amounts up to $2.5 million. Privlo offers so-called "Privloans" (5/1 and 7/1 ARMs) to borrowers who don’t meet the rigorous standards associated with Qualified Mortgages.

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