Plaza Home Mortgage

Plaza Home Mortgage Reviews

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About Plaza Home Mortgage

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Plaza Home Mortgage (NMLS #2113) is a wholesale and correspondent lender offering Freddie Mac, Fannie Mae, FHA, VA land USDA loans in all 50 states. It’s headquartered in San Diego, California, and has offices in Arizona, California, Colorado, Florida, Hawaii, Illinois and Oregon.

    Pros & Cons

    • Licensed in all 50 states
    • Offers conventional and government-backed loans
    • Provides reverse mortgages
    • Not a direct lender to borrowers
    • Limited physical locations


    Plaza Home Mortgage does not advertise rates online; for information about rates, you’ll need to ask a broker or lender that offers its loans.

    When you apply for a mortgage, make sure you compare your rate offer with current mortgage rates. Borrowers with higher credit scores, higher down payments and lower debt-to-income (DTI) ratios generally qualify for lower rates.

    Application process

    You will not work with Plaza Home Mortgage directly to get a loan if you’re an individual borrower. Instead, you’ll work with a broker or correspondent lender. Before applying, have the following documents and information ready to start the mortgage process:

    • Government-issued ID
    • Pay stubs, W-2s and other proof of income
    • Tax returns
    • Bank, investment account statements
    • A list of all other assets, like retirement accounts
    • Down payment gift letter (if necessary)
    • List of debts

    Loan types

    Plaza Home Mortgage offers different loans through brokers and correspondent lenders. Loan types include:

    • Fannie Mae and Freddie Mac loans
    • Jumbo loans
    • FHA loans
    • VA loans
    • USDA loans
    • Reverse mortgages


    Plaza offers home loans for both purchasing a home and refinancing your current mortgage. In 2022, rates have increased, making refinancing less common among homeowners.

    If you are considering refinancing, you should first identify your goal with your new loan: lowering your rate, lowering your monthly payment, shortening your loan term or taking cash out of your home equity. Refinancing usually comes with closing fees, so make sure you weigh all the costs involved.


    Each lender — loan type — has its own set of requirements. For example, conventional loans tend to require at least a 3% down payment and a higher credit score than government-backed loans, which in some cases require no down payment and have lower credit score minimums.

    No matter what type of loan you apply for, it is important to go over your budget first. Figuring out how much home you can realistically afford will help you avoid financial problems in the future as you make your monthly mortgage payments.

    National mortgage requirements by type

    Costs and fees

    The lender or broker you work with will provide an estimate of all loan costs and fees after you apply. Closing costs can cost as much as 5% of the purchase price of your home. Costs and fees are included in your Plaza loan annual percentage rate (APR); when comparing loans, the APR is a better indicator of loan costs than the interest rate alone.


    How does Plaza Home Mortgage work?

    Plaza Mortgage works with mortgage brokers and correspondent lenders — not with borrowers. The company is a full-service wholesale and correspondent lender.

    Is Plaza Home Mortgage legit?

    Plaza is a legitimate whole and correspondent lender that has been in business since 2000.

    Where is Plaza Home Mortgage available?

    Plaza Home Mortgage is available in all 50 states and Washington, D.C. It has locations in seven states and is based in San Diego.

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    Plaza Home Mortgage Company Information

    Company Name:
    Plaza Home Mortgage