**ATTENTION ALL PHYSICIANS**GREAT LOAN PRODUCT**

Posted by Suzanne Hunn & Associates on Monday, September 24th, 2012 at 6:38am.

New Physician Purchase Program (A New Doctor is defined as a borrower who is in residency or set to begin residency within 90 days of closing, licensed Intern/Resident/Fellow scheduled to complete medical residency and commence work within 90 days of the Note date OR has commenced work within the last 12 months with a hospital or physician group)

 -100% financing w/no mortgage insurance, >680 credit score up to $417k loan amount

-100% financing w/no mortgage insurance, >700 credit score up to $500k loan amount

-95% financing w/no mortgage insurance, >720 credit score up to $500k-$1mm loan amount

-we offer 15-30 year fixed rate products along with 3yr, 5yr, 7yr and 10yr ARM’s

-gift funds allowed

Established Physician Loan (An Established Doctor is defined as a doctor who has been employed as a Non-Intern/Resident/Fellow > 12 months by a hospital or physician group or has been self-employed as a medical doctor for at least 2 years.)

Purchase LTV’s

-100% financing w/no mortgage insurance, >720 credit score up to $650k loan amount

-90% financing w/no mortgage insurance, >720 credit score up to $650k - $1.5mm loan amount

Rate/Term Refinance

-95% financing w/no mortgage insurance, >720 credit score, <$650k loan amount

-85% financing w/no mortgage insurance, >720 credit score, >$650k loan amount

 -we offer 15-30 year fixed rate products along with 3yr, 5yr, 7yr and 10yr ARM’s

 

Eligible States:

-Footprint States: FL, IL, IN, KY, MO, MI, OH, PA, TN, WV, GA, NC, SC, WI, AL

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