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

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, which recently expanded its non-QM lending program to "allow brokers. is "designed to bridge the gap". In the United States, a conforming loan is a mortgage loan that conforms to GSE (Fannie Mae and Freddie Mac) guidelines.

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Particularly for the self-employed, Impac Mortgage Corp. Correspondent’s AltQM Income bank statement program is ideally tailored to these circumstances. Contact an Impac mortgage corp. correspondent relationship manager at 888-850-0259, option1, for more information about our AltQM Income bank statement program.

Plaza Home Mortgage Expanded Non-QM | Qualify More Borrowers – Plaza Home Mortgage has the non-QM lending options and the experience you are looking for to qualify more borrowers, with less stress.. We’ve expanded our Solutions Non-QM program, plus now we can calculate bank statement income for you!. Plaza’s Solutions Non-QM program offers: Loan amounts from $100K-$2.5M

Plaza Home Mortgage’s Solutions Non-QM program gives clients more to work with: Loan amounts from $100,000-$2,500,000, plus flexible income documentation including 12- and 24-month full doc or.

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But it carries a lot more weight when Ally Bank announced it has launched a "process to explore strategic alternatives for its agency. As an example, Plaza home mortgage spread the word to clients.

Non-QM Mortgage purchase eligibility guidelines effective Date: July 30, 2018 Exclusive Property of Silvergate Bank. Not for Use By or Distribution To the General Public. Guidelines are for use by mortgage professionals only and subject to change without notice.

Plaza Home Mortgage offers conventional fixed rate, conventional ARM, FHA, and VA loans.. Federal savings bank saved $52K using with Plaza’s Certified Loan Program, which can help protect our correspondents from loan manufacturing defects at no additional cost to them.

This page is dedicated to cataloging what should be a growing list of non-QM lenders as time goes on. Currently, non-QM lending is in the early stages, and I’d say lenders are just dipping their toes in the non-QM loan pool at the moment.