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Alliant Credit Union

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Program Details

Program Details

Program Details

Availability

  • Available in all U.S. states

Eligible Professions

  • MD, DO

  • DDS, DMD

  • Residents, Fellows

  • DVM

  • DPM

Eligible Borrowers

  • U.S. Citizens

  • Permanent Resident Aliens

  • Non-Permanent Resident Aliens

  • Foreign Nationals

Eligible Property Types

  • Single-family homes

  • Condos (warrantable and non-warrantable)

  • Two-family owner-occupied residences

Occupancy Options

  • Primary residences

  • Second homes (up to 90% financing)

  • Construction financing (up to 90% in AZ, CO, IL, IN, MI, NC, SC, WI)

Income & Student Loans

  • Deferred student loans (12+ months) may be excluded from DTI

  • Income-based repayment may be used if not deferred

  • Future-dated employment allowed (up to 90 days before start date)

Terms

Terms

Terms

  • No PMI

  • Minimum FICO: 700

  • Maximum DTI: 45%

  • 100% financing up to $1,250,000

  • 95% financing up to $1,500,000

  • 90% financing up to $2,000,000

  • No limit on time since completion of training

  • Conforming & non-conforming loans

  • Fixed & adjustable rate options

  • 30- & 15-year fixed

  • 5/6, 7/6, 10/6 ARMs

  • No PMI

  • Minimum FICO: 700

  • Maximum DTI: 45%

  • 100% financing up to $1,250,000

  • 95% financing up to $1,500,000

  • 90% financing up to $2,000,000

  • No limit on time since completion of training

  • Conforming & non-conforming loans

  • Fixed & adjustable rate options

  • 30- & 15-year fixed

  • 5/6, 7/6, 10/6 ARMs

Strengths

Strengths

Strengths

  • No PMI at any LTV tier

  • High loan limits with low or no down payment

  • Very flexible student loan underwriting

  • No training lookback limit

  • Warrantable and non-warrantable condos allowed

  • Supports residents, fellows, and established physicians

  • Construction and second home options available

Strengths

  • No PMI at any LTV tier

  • High loan limits with low or no down payment

  • Very flexible student loan underwriting

  • No training lookback limit

  • Warrantable and non-warrantable condos allowed

  • Supports residents, fellows, and established physicians

  • Construction and second home options available

Disclaimers

Disclaimers

Disclaimers


  • Rates, terms, and conditions are subject to change.

  • The 5/6, 7/6, and 10/6 ARMs offer a fixed interest rate for the initial period, then convert to a 6-month adjustable rate mortgage.

  • After the fixed period, the interest rate and monthly payment may adjust bi-annually based on:

    • The 30-day average Secured Overnight Funding Rate (SOFR)

    • Plus a 2.75% margin

    • With a 5% lifetime rate cap

  • Rates may vary based on risk factors including, but not limited to:

    • Loan-to-value (LTV)

    • Credit score

    • Debt-to-income ratio (DTI)

  • Mortgages are available in all states except Maryland.

  • Loan approval, interest rate, and required down payment are based on:

    • Creditworthiness

    • Amount financed

    • Ability to repay

  • All loans are subject to credit and collateral approval.

Disclaimers


  • Rates, terms, and conditions are subject to change.

  • The 5/6, 7/6, and 10/6 ARMs offer a fixed interest rate for the initial period, then convert to a 6-month adjustable rate mortgage.

  • After the fixed period, the interest rate and monthly payment may adjust bi-annually based on:

    • The 30-day average Secured Overnight Funding Rate (SOFR)

    • Plus a 2.75% margin

    • With a 5% lifetime rate cap

  • Rates may vary based on risk factors including, but not limited to:

    • Loan-to-value (LTV)

    • Credit score

    • Debt-to-income ratio (DTI)

  • Mortgages are available in all states except Maryland.

  • Loan approval, interest rate, and required down payment are based on:

    • Creditworthiness

    • Amount financed

    • Ability to repay

  • All loans are subject to credit and collateral approval.

Eligible Degrees

Eligible Degrees

Eligible Degrees

DC

DDS/DMD

Fellow

Intern

MD/DO

CRNA

NP

OTD/MOT

OD

PharmD

DPT

PA

DPM

DPM

RN

Resident

= Eligible

= Not Eligible

Eligible Degrees

DC

DDS/DMD

Fellow

Intern

MD/DO

CRNA

NP

OTD/MOT

OD

PharmD

DPT

PA

DPM

DPM

RN

Resident

= Eligible

= Not Eligible

Approved States

Approved States

Approved States

AL

AK

AR

GA

ID

IL

IN

IA

KS

MI

MN

MT

NV

NE

NM

NC

OH

OR

TN

TX

UT

WA

WV

WY

AZ

CA

CO

CT

DC

DE

HI

FL

KY

LA

MA

MD

ME

MO

MS

ND

NH

PA

OK

NY

RI

SC

SD

VA

VT

WI

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BANKER

Sandi Frith

Mortgage Loan Officer

sfrith@alliantcreditunion.com

(586) 871-8002

Sandi Frith

Mortgage Loan Officer

sfrith@alliantcreditunion.com

(586) 871-8002

Sandi Frith

Mortgage Loan Officer

sfrith@alliantcreditunion.com

(586) 871-8002

Sandi Frith

Mortgage Loan Officer

sfrith@alliantcreditunion.com

(586) 871-8002

CONTACT BANK

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