Renovating is becoming an increasingly popular strategy in today’s high-cost, tight inventory housing environment. 

Plaza Home Mortgage® makes it easy to capture more business in this growing lending segment. We offer multiple renovation loan options and even have a department of dedicated renovation specialists to walk you through every step. 

Plaza’s flexible delivery options include Best-Efforts, Single Loan Mandatory, Bulk, Direct Trade and Assignment of Trade (AOT) through its Mandatory trade desk.

Flexible Underwriting Options

Plaza gives you the option of sending your renovation loan to us for a non-delegated underwrite, and letting us take care of all the work; or, if you’re underwriting the loan yourself, we have an optional pre-closing review of the documents and figures. We also offer a review of the Loan Estimate and/or Closing Documents to confirm all the fees are properly disclosed.

For any and all questions you may have about renovation loans, contact us at NatCorRenoHelp@plazahomemortgage.com.

Work with Plaza and offer these popular renovation options to your clients:


VA Renovation

  • Up to $50K toward remodeling and improvements. Other VA lenders may cap at $35K
  • Allows jumbo loan transactions up to the FHFA one-unit limit in eligible counties
  • Zero down payment requirement
  • Luxury improvements available, like adding a pool or outdoor living space

FHA 203(k)

  • Credit scores to 620
  • High Balance loan amounts
  • 1-4 Unit and Condos

Fannie Mae® HomeStyle®

  • Up to 97% LTV of the “as-completed” value
  • 85% LTV on investment properties; 90% LTV on a 1-unit second home
  • Credit scores starting at 620
  • Luxury improvements available, like adding a pool or outdoor living space

Freddie Mac CHOICERenovation®

  • Up to 97% LTV of the “as-completed” value
  • 85% LTV on investment properties; 90% LTV on a 1-unit second home
  • Credit scores starting at 620
  • Luxury improvements available, like adding a pool or outdoor living space