Planet Home Lending, LLC's newest branch is located in New Albany, IN. The branch is located at 821 Mt. Taber Rd. Suite 210, New Albany.
The company's new location will be managed by retail branch manager Stephen Day. Day is a New Albany native and has more than three decades of mortgage industry experience.
“As a national top 2% VA lender, Planet Home Lending has helped thousands of military service members take advantage of the home loan benefits they have earned to purchase or refinance homes with no money down,” said Day.
Another program that offers 100% financing is the USDA home loan. "Homebuyers are sometimes surprised to hear you can use USDA mortgages to buy a home in portions of Floyd and Clark counties," Day said. "It's not just for rural areas."
In addition to USDA loans, the Planet Home Lending New Albany branch offers jumbo, FHA, and conventional loans.
“Fannie May and Freddie Mac conventional loans are popular in New Albany. Home sellers sometimes prefer them, so buyers who use them may have the upper hand when there are multiple offers on one home,” Day said.
The new location will also be good at helping luxury homebuyers, said Planet Home Lending CEO and president Michael Dubeck. "They're knowledgeable in jumbo home loans and can lend up to $3 million at competitive rates. They also have home loans with appealing features, like a jumbo home loan with a 10% down payment," added Dubeck.
Joining Day in the branch are senior mortgage loan originators Melissa Donald and Matt Edmonds. Planet Home Lending plans to add 10 employees to the branch by the end of the year.
