National Warehouse Lending

National Warehouse Lending

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:HTH), is strong and stable.

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)
  • Jumbo
  • Second mortgage (PlainsCapital Bank must fund first mortgage to same investor)
  • Minimum 600 FICO

Term Sheet Requirements

  • Financial statements
  • Annual projections
  • Trial balance reports (existing warehouse lines)

PlainsCapital Bank’s National Warehouse Lending Application (PDF)