First Community Mortgage

First Community Mortgage : CA, WA, TX, TN, NC

DOCTOR PROGRAM FEATURES: 

• 100% financing up to $1,250,000 loan amounts, 10% down up to $1,500,000 (1.66MM sales price), NO PMI.  Higher loan amounts available and gifts permitted for down payment.

• Employment start date can be up to 90 days after closing utilizing future income.

• Income driven student loan payments utilized when computing debt to income ratios.  Student loans excluded from DTI when deferred or in forbearance.

• 620 minimum credit score, and cap of 45% debt to income ratios.

• A range of fixed- and adjustable-rate loans. 

• No minimum or maximum years in practice.

• 2 months reserves for loans under 1,000,000, 6 months for loans between 1MM and 1.25MM, and 12 months between 1.25MM and 1.5MM.  Gifts permitted, and retirement accounts included. Reserves are not collected, only verified.

• US Citizens, Permanent residents, and Non-Permanent resident aliens.

• No pre payment penalties.

$5,000 21 day close on time guarantee.  This separates your offer from other buyers.  Fully underwritten pre-appoval.

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.