Since 1992, PlainsCapital Bank’s National Warehouse Lending division has been providing mortgage companies with warehouse facilities, exceptional service, and competitive rates. We provide quick and efficient funding that is delivered by our relationship-driven, experienced staff. Our parent company, Hilltop Holdings (NYSE
PlainsCapital Bank’s National Warehouse Lending Region Map
Warehouse Facility Eligibility
- Pricing: Base rate with incentive pricing based on volume/utilization
- Competitive transaction fees
- Line amounts $10 to $50 million
- Advance rates: 98% - 100% of net disbursed funds, not to exceed note amount
- 60-Day warehouse period
- No non-use fees
- 60+ approved investors
- $2,500 application fee (due upon acceptance of term sheet)
- Same day funding, shipping
and wire transfers - Interim construction financing options (Texas only)
Funding Specifics
- Street Resource Group (WLS Software System)
- Low documentation funding
- Individual and bulk funding options available
Eligible Loan Types/Characteristics
- SFR 1-4 Units
- Clear-to-Close (no prior close conditions)
- FNMA/FHLMC
- FHA/VA/USDA
- Jumbo
- Second mortgage (PlainsCapital Bank must fund
first same - Minimum 600 FICO
Term Sheet Requirements
- Financial statements
- Annual projections
- Trial balance reports (existing warehouse lines)
PlainsCapital Bank’s National Warehouse Lending Application (PDF)