Green State Mortgage

Program Details

Green State Mortgage offers a medical professional mortgage program designed for borrowers seeking high loan limits, low down payment options, and flexible underwriting. The program supports early-career physicians, self-employed professionals, and borrowers with complex income profiles.

Terms

Financing Options

0% down up to $1,000,000
5% down from $1,000,000 to $1,750,000
10% down from $1,750,000 to $2,500,000

Property Types

1–2 unit properties
Condos
Townhouses
Planned Unit Developments
Modular homes
Non-warrantable condos up to 90%

Loan Products

Fixed rates
Adjustable rates (7-year ARM, 10-year ARM, 15-year ARM)

Program Features

No PMI
No prepayment penalty
No time restriction between employment start date and closing for W2 borrowers (with sufficient reserves)
60 days prior to start date allowed for 1099 positions

Financing Options

0% down up to $1,000,000
5% down from $1,000,000 to $1,750,000
10% down from $1,750,000 to $2,500,000

Property Types

1–2 unit properties
Condos
Townhouses
Planned Unit Developments
Modular homes
Non-warrantable condos up to 90%

Loan Products

Fixed rates
Adjustable rates (7-year ARM, 10-year ARM, 15-year ARM)

Program Features

No PMI
No prepayment penalty
No time restriction between employment start date and closing for W2 borrowers (with sufficient reserves)
60 days prior to start date allowed for 1099 positions

Strengths

No time restriction on employment start date for W2 borrowers with reserves
Allows business assets and gift funds for down payment, closing costs, and reserves
Debt-to-income ratios up to 50%
No 2-year history required for physicians hired as contractors or 1099 employees
Available nationwide (except California)
2-unit properties eligible
Flexibility for newly self-employed borrowers

Strengths

No time restriction on employment start date for W2 borrowers with reserves
Allows business assets and gift funds for down payment, closing costs, and reserves
Debt-to-income ratios up to 50%
No 2-year history required for physicians hired as contractors or 1099 employees
Available nationwide (except California)
2-unit properties eligible
Flexibility for newly self-employed borrowers

Disclaimers

Green State Mortgage is a division of Green State Credit Union.
All loans are subject to credit approval and underwriting guidelines.
Program terms and availability are subject to change.

Disclaimers

Green State Mortgage is a division of Green State Credit Union.
All loans are subject to credit approval and underwriting guidelines.
Program terms and availability are subject to change.

Eligible Degrees

DDS/DMD

Fellow

Intern

MD/DO

CRNA

OTD/MOT

PharmD

DPT

DPM

Resident

= Eligible

= Not Eligible

Eligible Degrees

DDS/DMD

Fellow

Intern

MD/DO

CRNA

OTD/MOT

PharmD

DPT

DPM

Resident

= Eligible

= Not Eligible

Approved States

BANKER

No Banker Currently Available.

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