ALLIANT Credit union

Available in the following states: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

DOCTOR PROGRAM FEATURES:

TERMS:

  • 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 $1,000,000, 95% financing up to $1,250,000, 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, DPM

STRENGTHS:

  • 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

Disclaimer:

  • Any financing over 100% must be used for taxes, insurance and other closing costs. Financing is available for eligible applicants and professions. Credit, income and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change without notice.

    For more information from our National, Regional and Local Physician Lenders please fill out the form below. We will contact you shortly to go over the best doctor program in your State.

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Disclaimer: The postings on this site do not represent this banks positions, strategies or opinions.