Renovating is becoming an increasingly popular strategy in today’s high-cost, tight inventory housing environment. So much so that it even has a name: the “HGTV Effect”.

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.

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
  • Up to 100% financing on refinance
  • 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