Planet Home Lending Opens Branch in Virginia Beach

VIRGINIA BEACH, Va., May 9, 2019 /PRNewswire/ -- Planet Home Lending, LLC, a national mortgage lender, has opened a new branch in Virginia Beach, Va., offering home loans for military service members, first-time homebuyers and move-up buyers. The company also has loans for vacation homebuyers and borrowers who fall outside the standard credit box, including self-employed business owners, retirees, foreign nationals and those with credit challenges.

Planet Home Lending's VA and FHA renovation loans are helpful in markets where the inventory of homes for sale is low because homebuyers can find a home with great "bones" and make it their own.

"Planet Home Lending is a great fit for Virginia Beach because of their versatile product mix and their commitment to military service members and veterans," said Branch Manager Jennifer Franklin (NMLS #71154), who will be joined in the branch by mortgage loan originator Robin Kader (NMLS #571790). 

"As a national Top 1 percent VA lender¹, Planet Home Lending has helped many military service members use their well-deserved home loan benefits to purchase or refinance homes with no money down and less hassle," she added. Franklin has a special affinity for military service members because she became a mortgage banker in 1999 while serving as a Navy reservist and ultimately retiring from the Navy Reserves after 24 years.

"Planet doesn't put any extra requirements on its VA customers," Franklin said. "Sometimes lenders will add rules, like having a particular credit score or a large amount of cash on hand. We don't put extra burdens on people, we give VA home loan benefits to people exactly as Congress intended."

Planet Home Lending also has the underwriting expertise to offer home loans to borrowers with credit challenges, Franklin said. "We can close mortgages other lenders would turn down, and serve homebuyers and homeowners with surprisingly low FICO credit scores," she said.

The branch also specializes in serving first-time homebuyers. Franklin is a trainer for first-time homebuying courses at military bases and uses her expertise to assist borrowers through the home loan process.

Planet Home Lending offers a special program giving home shoppers a real pre-approval for a mortgage even if they have not yet found their dream home. "Getting pre-approved by a local home lender gives you a competitive advantage," Franklin said. "Sellers know you can afford their home."

Along with local expertise, Planet Home Lending offers a personal digital mortgage assistant, Skymore by Planet Home Lending™, which consumers can use to apply via their mobile device to get a home loan from anywhere. Borrowers and real estate agents can track loan progress 24/7, reach out to ask their loan officer questions and submit paperwork electronically, to reduce reliance on paper.

Another way Planet Home Lending supports a healthy environment is through a tree-planting partnership with the National Forest Foundation. In 2019, the company will plant three trees for every loan closed, providing up to 25,000 trees to help restore national forests.

About Planet Home Lending, LLC

Founded in 2007, Planet Home Lending (NMLS #17720) is a privately held, national residential mortgage lender with multiple business channels uniquely positioned to provide competitive products and services. Planet Home is an Equal Housing Lender. It is an approved originator and servicer for FHA, VA, and USDA, a Freddie Mac and Fannie Mae Seller/Servicer, and a full Ginnie Mae Issuer and approved sub-servicer. For more information about Planet Home Lending, please visit planethomelending.com/

1. Top 1% lender claim based on volume and units among all VA lenders nationally. Source: https://www.benefits.va.gov/HOMELOANS/Lender_Statistics.asp

Press Contacts

Dona DeZube
Director, Communications Strategy
Planet Home Lending, LLC
[email protected]
(443) 263-2832

SOURCE Planet Home Lending

Related Links

http://planethomelending.com