Plaza Home Mortgage
NMHL
Personal Service. Better Options. Faster Closings.
Common Plaza Home Mortgage Complaints
Based on publicly available reviews and borrower feedback
Limited Loan Options for Bad Credit
Some borrowers have reported that Plaza Home Mortgage may not offer as many loan options for those with bad credit, which can limit their ability to secure a mortgage. In contrast, NMHL offers a range of programs, including FHA loans with credit scores as low as 580 and VA loans with more lenient credit requirements. This can make it easier for borrowers with credit challenges to find a mortgage that works for them.
Service Area Restrictions
Plaza Home Mortgage may not be available in all areas, which can be a problem for borrowers who need a mortgage lender with a broader reach. NMHL, on the other hand, operates in 32 states, giving borrowers more flexibility when it comes to choosing a lender. This can be especially important for borrowers who are looking for a lender with a strong local presence.
Less Flexible Income Requirements
Some borrowers have reported that Plaza Home Mortgage may have less flexible income requirements, which can make it harder for self-employed borrowers or those with non-traditional income to qualify for a mortgage. NMHL, on the other hand, offers a range of income verification options, including bank statement loans and asset-based loans, which can make it easier for these borrowers to qualify.
Higher Down Payment Requirements
Plaza Home Mortgage may require higher down payments for some loan programs, which can be a barrier for borrowers who are struggling to save for a down payment. NMHL, on the other hand, offers a range of low-down-payment options, including FHA loans with down payments as low as 3.5% and VA loans with no down payment required.
Head-to-Head Comparison
See how NMHL stacks up against Plaza Home Mortgage feature by feature
| Feature | Plaza Home Mortgage | NMHL |
|---|---|---|
| Loan Programs | Standard options, including FHA, VA, and conventional loans | 18+ programs, including Non-QM loans, FHA loans, VA loans, and jumbo loans |
| Service Area | Varies by state | 32 states, with a strong local presence in each area |
| Personalized Service | Varies by loan officer | Dedicated loan officers, with a focus on providing exceptional customer service |
| Closing Speed | Industry average | Fast-track available, with the option to close in as little as 14 days |
| Credit Score Requirements | Typically 620 or higher | As low as 580 for FHA loans, and 500 for some Non-QM loans |
| Down Payment Requirements | Typically 5% or higher | As low as 3.5% for FHA loans, and 0% for VA loans |
Why Borrowers Switch to NMHL
More Loan Options for Bad Credit
If you're struggling with bad credit, NMHL may be a better option for you. Our range of loan programs, including FHA loans and Non-QM loans, can make it easier to qualify for a mortgage, even with credit challenges. Additionally, our dedicated loan officers can work with you to find the best loan option for your situation.
Flexible Income Requirements
If you're self-employed or have non-traditional income, NMHL may be a better option for you. Our range of income verification options, including bank statement loans and asset-based loans, can make it easier to qualify for a mortgage. Our dedicated loan officers can work with you to find the best loan option for your situation.
Lower Down Payment Requirements
If you're struggling to save for a down payment, NMHL may be a better option for you. Our range of low-down-payment options, including FHA loans and VA loans, can make it easier to qualify for a mortgage. Additionally, our dedicated loan officers can work with you to find the best loan option for your situation.
Personalized Service
At NMHL, we pride ourselves on providing exceptional customer service. Our dedicated loan officers will work with you throughout the entire loan process, from pre-approval to closing, to ensure that you have a smooth and stress-free experience. This level of personalized service can make a big difference in your overall satisfaction with the loan process.
How to Switch to NMHL
Three simple steps to a better mortgage experience
Contact NMHL
The first step in switching to NMHL is to contact us for a free consultation. Our dedicated loan officers will work with you to discuss your needs and determine the best loan option for your situation. This consultation is free and comes with no obligation, so you can get a sense of our services without committing to anything.
Get Pre-Approved
Once you've decided to work with NMHL, the next step is to get pre-approved for a mortgage. Our pre-approval process is fast and easy, and can be completed online or over the phone. We'll work with you to gather the necessary documentation and get you pre-approved for a mortgage in no time.
Close Your Loan
The final step in the process is to close your loan. Our dedicated loan officers will work with you to guide you through the closing process, ensuring that everything goes smoothly and efficiently. We'll work with you to review and sign the final documents, and ensure that you're satisfied with the loan terms before closing.
Start Enjoying Your New Home
Once the loan is closed, you can start enjoying your new home. We'll work with you to ensure that the transition is smooth and stress-free, and that you have everything you need to start enjoying your new home right away.
Why Homeowners Switch to NMHL
Real reviews from clients who made the switch
Ready to Make the Switch?
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Our Presence
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Introduction to NMHL and Plaza Home Mortgage
NMHL and Plaza Home Mortgage are both mortgage lenders, but they have some key differences. NMHL offers a range of loan programs, including FHA loans, VA loans, and Non-QM loans, which can make it easier for borrowers with credit challenges or non-traditional income to qualify for a mortgage. Plaza Home Mortgage, on the other hand, may have more limited loan options and less personalized service.
In this article, we'll compare NMHL and Plaza Home Mortgage, highlighting the key differences between the two lenders. We'll also discuss the benefits of working with NMHL, and provide guidance on how to get started with the loan process.
NMHL offers a range of loan programs, including FHA loans, VA loans, and Non-QM loans.
Loan Programs and Options
NMHL offers a range of loan programs, including FHA loans, VA loans, and Non-QM loans. These programs can make it easier for borrowers with credit challenges or non-traditional income to qualify for a mortgage. Additionally, NMHL offers a range of income verification options, including bank statement loans and asset-based loans, which can make it easier for self-employed borrowers or those with non-traditional income to qualify for a mortgage.
Plaza Home Mortgage, on the other hand, may have more limited loan options and less personalized service. However, they may still offer some competitive loan programs and interest rates, so it's worth comparing the two lenders to determine which one is best for your needs.
NMHL offers a range of income verification options, including bank statement loans and asset-based loans.
Personalized Service and Support
NMHL prides itself on providing exceptional customer service, with dedicated loan officers who will work with you throughout the entire loan process. This level of personalized service can make a big difference in your overall satisfaction with the loan process, and can help ensure that you have a smooth and stress-free experience.
Plaza Home Mortgage, on the other hand, may have less personalized service, with more automated processes and less direct communication with loan officers. However, they may still offer some competitive loan programs and interest rates, so it's worth comparing the two lenders to determine which one is best for your needs.
NMHL provides exceptional customer service, with dedicated loan officers who will work with you throughout the entire loan process.
Getting Started with NMHL
Getting started with NMHL is easy. Simply contact us for a free consultation, and our dedicated loan officers will work with you to discuss your needs and determine the best loan option for your situation. From there, we'll guide you through the pre-approval and closing process, ensuring that everything goes smoothly and efficiently.
We'll work with you to gather the necessary documentation, and provide guidance on how to navigate the loan process. We'll also keep you informed throughout the entire process, so you'll always know what's happening with your loan.
Getting started with NMHL is easy - simply contact us for a free consultation.
NMHL vs Plaza Home Mortgage FAQs
NMHL and Plaza Home Mortgage are both mortgage lenders, but they have some key differences. NMHL offers a range of loan programs, including FHA loans, VA loans, and Non-QM loans, which can make it easier for borrowers with credit challenges or non-traditional income to qualify for a mortgage. Additionally, NMHL has a strong focus on providing exceptional customer service, with dedicated loan officers who will work with you throughout the entire loan process. Plaza Home Mortgage, on the other hand, may have more limited loan options and less personalized service.
There are several benefits to working with NMHL, including our range of loan programs, flexible income requirements, and low-down-payment options. Additionally, our dedicated loan officers provide exceptional customer service, guiding you through the entire loan process and ensuring that you have a smooth and stress-free experience. We also offer a fast and easy pre-approval process, and can close loans in as little as 14 days.
Getting started with NMHL is easy. Simply contact us for a free consultation, and our dedicated loan officers will work with you to discuss your needs and determine the best loan option for your situation. From there, we'll guide you through the pre-approval and closing process, ensuring that everything goes smoothly and efficiently.
If you have bad credit, NMHL may still be able to help you qualify for a mortgage. Our range of loan programs, including FHA loans and Non-QM loans, can make it easier to qualify for a mortgage, even with credit challenges. Additionally, our dedicated loan officers will work with you to find the best loan option for your situation, and can provide guidance on how to improve your credit score over time.
If you're self-employed or have non-traditional income, NMHL may be a good option for you. Our range of income verification options, including bank statement loans and asset-based loans, can make it easier to qualify for a mortgage. Additionally, our dedicated loan officers will work with you to find the best loan option for your situation, and can provide guidance on how to navigate the loan process as a self-employed borrower.
Explore More
All competitor information is based on publicly available data and customer reviews as of the date of publication. Plaza Home Mortgage is a registered trademark of its respective owner. NMHL is not affiliated with, endorsed by, or sponsored by Plaza Home Mortgage. Rates, terms, and program availability are subject to change without notice and may vary based on creditworthiness, property type, and other factors. This comparison is provided for informational purposes only and does not constitute financial advice. Contact NMHL for current rates and personalized loan options. NMHL NMLS# 2557591. Equal Housing Lender.