Plaza Home Mortgage Event Sacramento CA

By
Home Inspector with 203kOnLine.com, covering the USA S0289

Had a good time at the Plaza Home Mortgage Event for their brokers. We were on hand to provide support for our clients and to answer "Consultant Questions". Ragen Cunningham, their national renovation specialist, was there to make the presentation. 

These type events are very good to get the wholesale lender's perspective and their "supplemental requirements" there were several revealed at this meeting. 

I was surprised to see that Plaza doesn't work with Mixed use or commercial buildings. Why is this important? Commercial buildings include 5+ residential units and one of my favorite products taking 5-8 units and converting them to a large four unit building. These can be cash cows. 

My next favorite is a mixed use building, ideal for young investors as they build their portfolio of rental properties. 

In any case it was allot of fun and I saw a few old friends in the room who are working with us already with renovation products.

The big takeaway for me was to see that Plaza does work with investors and investor properties with the FannieMae HomeStyle® Renovation Mortgage.

 

Posted by

Mike Young, 203k Team Leader    Mike ready for your 203k order

To learn more about the FHA 203k loan program go to www.203kOnLine.comWhat is your fee? 

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Sacamento Mortgage Professionals
Realestateandfunding
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Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Mike, it is good to know that Plaza Mortgage is working with investors and investor properties with Homestyle Renovation. Glad you had fun. But then again, you always do. 

May 22, 2016 12:28 AM #1
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Mike Young

FHA 203k Consultant 916-758-1809
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