Plaza Home Mortgage recently announced a new jumbo mortgage program—Jumbo AUS—that offers fixed rate mortgages up to $2 million using the new Qualified Mortgage (QM) definition and leveraging Desktop Underwriter (DU) and Loan Product Advisor (LPA) documentation.
The program, available through Plaza’s wholesale and national correspondent channels, streamlines the underwriting process and accepts FICOs as low as 680, DTIs as high as 45 percent and LTVs as high as 89.9%, the company says in
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