Property-Specific Financing
Private Label Security (PLS)
Our Private Label Security (PLS) program may offer better pricing on eligible second homes and investment properties by helping borrowers avoid certain loan-level pricing adjustments.
What is a Private Label Security (PLS)?
Private Label Security (PLS) is a financing option that may provide better pricing on eligible second home and investment property purchases. Here’s why: Unlike many Conventional Loans, PLS financing can help eligible borrowers avoid certain loan-level pricing adjustments (LLPAs) that may increase borrowing costs on second homes and investment properties.
Highlights
PLS features
Who could benefit
Is PLS right for you?
PLS financing may be a great fit if you:
- Are purchasing a second home
- Are buying a 1- to 4-unit investment property
- Want to reduce financing costs when eligible
- Have a credit score of 680 or higher
Still comparing your financing options?
Second home and investment property financing doesn't have to come with higher costs. If you’re still not sure if PLS is right for you, we’d be happy to talk. Either contact us or get started on your preapproval and to see how much you can afford, and we can talk best loan fit after.
FAQ
Frequently Asked Questions
We’re here to help! Find answers to your everyday banking questions.
PLS financing is designed for qualified borrowers purchasing eligible second homes or 1- to 4-unit investment properties.
Eligible properties include second homes, single-family homes, planned unit developments (PUDs), condominiums, and 1- to 4-unit investment properties.
PLS is designed specifically for eligible second homes and investment property financing.
Eligible loan amounts range from $100,000 to approximately $2.4 million, subject to program guidelines.
Qualified borrowers generally need a minimum 680 FICO® Score, though all loans are subject to underwriting and program requirements.
In some cases, PLS financing can provide better pricing by helping eligible borrowers avoid certain loan-level pricing adjustments that often apply to second homes and investment properties.
