The new branches are located in Chicago, Cincinnati, Indianapolis and Canton, Mich. The company operates in 47 states and is focused on first-time and repeat buyers and real estate investors, and it also markets to borrowers that are often ignored by other lenders, including self-employed business owners, retirees, foreign nationals and people who have had a bankruptcy or foreclosure.
"Planet Home Lending is a great fit for the Midwest because we offer loans homeowners here need, including local downpayment assistance programs," said Planet Home Lending Senior Vice President, Eastern Division Manager Fobby Naghmi. "Planet Home Lending has products and strategies to tackle those challenges. We know how to apply the underwriting rules to consumers' existing personal finances to give them tailored home loan choices, instead of pushing them into a one-size-fits-all loan."