Alliant Credit Union
No PMI. Closing available 90 days before employment starts. Minimum FICO score of 700 to qualify. Maximum debt to income ratio 45%. Medical Professionals may borrow 100% up to $1,250,000, 95% financing up to $1,500,000, and 90% financing up to $2,000,000. Most lenders require that you have completed training within the last 10 years, Alliant Credit Union has no such limit. Conforming & Non-Conforming Fixed & Adjustable Rate 30- & 15- Year Fixed, 5/6, 7/6, 10/6 ARMs
Professions:
MD, DO, DDS, DMD, Resident, Fellows, DVM, DPMStrengths:
Student Loan Debt omitted in qualifying ratios if deferred at least 12 months Ability to use income based repayment schedule if not deferred for 12 months No limit on time elapsed since the completion of training Financing available for single family, condos, and two family owner occupied residences Warrantable and non-warrantable condos allowed Available to US Citizens, Permanent Resident Aliens, Non Permanent Resident Aliens, and Foreign Nationals For other professionals we have Our First Time Homebuyers program with up to 100% financing available with no PMI. Second Home Financing available up to 90% financing. Construction Financing available up to 90% financing (AZ, CO, FL, IL, IN, MI, NC, OH, SC, TN, WA, WI) Please contact the Mortgage Loan Officer listed above covering the state in which you are purchasing.Disclaimer:
Alliant Credit Union NMLS#: 197185. Rates, terms, and conditions are subject to change. The 5/6, 7/6 and 10/6 ARMs offer a fixed rate for the initial period of the loan and adjust to a 6 month ARM after that period. The interest rate and monthly payment may adjust bi-annually based on the 30 day average Secured Overnight Funding Rate (SOFR), plus a margin of 2.75 percentage points with a 5% life time cap. Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio. Mortgages available in all states except Maryland. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Rates, terms, and conditions are subject to change and are subject to credit and collateral approval. Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.Contact:
Sandi Frith (Mortgage Loan Officer)
Email: [email protected]
Phone: 586-871-8002
Additional InformationLake Michigan Credit Union
Contact:
Emrah Sero (Mortgage Loan Originator)
Email: [email protected]
Phone: (616) 550-4952
Additional InformationWintrust Mortgage
Wintrust Physician Mortgage Program
Program Details
- Financing Options- 100% to $850K, 97% to $1.25M, 95% to 1.5M, 90% to $2M, and 80% to $3M
- Credit Score Ranges- 680 for 20% down, 700 for 10% or 5% down, 720 for 3% down, and 740 for 0% down.
- 7/6 and 10/6 Adjustable Rate Mortgages (ARMs)
- Deferred medical student debt may not affect your qualifying loan amount.
- Purchase and rate/term refinance for primary residence.
- MD, DO, DPM, DMD, DDS, Oral Surgeons, Chiropractors, Pharmacists, and Veterinarians
Contact:
Darick Hensel (Physician Mortgage Specialist)
Email: [email protected]
Phone: (517) 214-3257
Additional InformationAmplify Credit Union
Amplify Credit Union Physician Mortgage Specialist
Dr. Home Loans Amplify Credit Union
- 5% Down up to $1,250,000
- 10% Down up to $1,500,000
- 20% Down up to $1,750,000
- No PMI
- Close 60 days prior to the start of an employment contract
- Most Visa holders are eligible
- Available in Fixed and ARMs
- Primary residence including single-family attached or stand-alone, PUDs, and condominiums