Planet Home Lending
Planet Home Lending offers a wide range of mortgage products and specialized loan programs, including FHA, VA, USDA, Jumbo, and conventional loans, along with refinancing options and down payment assistance for first-time homebuyers.
Loan Products Offered by Planet Home Lending
Planet Home Lending offers a range of loan products to meet diverse borrower needs, including FHA, VA, USDA, Jumbo, and conventional loans. Specialized loan programs like FHA 203(k) are available for home renovations, while VA Alteration loans cater to specific needs of veterans. USDA loans support low- and moderate-income borrowers in rural and suburban areas, and jumbo loans provide competitive rates and terms for loans up to $3 million. These product options allow Planet Home Lending to serve a wide spectrum of clients with varying financial and housing requirements.
Specialized Loan Programs at Planet Home Lending
Planet Home Lending provides several specialized loan programs to accommodate unique borrower needs. The FHA 203(k) loan supports home renovations, and the VA Alteration loan is designed for veterans needing home modifications. For first-time homebuyers, down payment assistance programs are available. The temporary buydown program helps lower initial mortgage payments, and the Cash 4 Homes program aids buyers in competing with cash offers in competitive markets. Additionally, the HomeReady® mortgage program offers low down payment options and flexible income requirements.
Refinancing Options at Planet Home Lending
Planet Home Lending offers a variety of refinancing options to help homeowners better manage their mortgage. Products include cash-out refinance and streamline refinance options for both FHA and VA loans. Each refinance product is designed to suit different borrower needs, whether it's accessing home equity to consolidate debt or upgrading to a more favorable mortgage term. These refinancing solutions aim to provide borrowers with flexibility and financial benefits.
Home Equity and Bridge Loans at Planet Home Lending
Planet Home Lending offers home equity loans and bridge loans to support various financial needs. Home equity loans can be used for consolidating debt, making home improvements, or meeting other financial obligations. Bridge loans assist buyers in purchasing a new home before selling their current one, providing a financial bridge during the transition period. These loan options give borrowers additional flexibility and financial support during different phases of homeownership.
Partnerships and Initiatives by Planet Home Lending
Planet Home Lending partners with the National Forest Foundation and the Farmlink Project to contribute to environmental sustainability and reduce food waste. Their collaboration with the National Forest Foundation focuses on planting trees, while the partnership with the Farmlink Project addresses the issue of food waste. These initiatives reflect the company’s commitment to corporate social responsibility and community engagement beyond their primary financial services.