Frandsen Bank

FRANDSEN BANK: Minnesota and Wisconsin

DOCTOR PROGRAM FEATURES:

  • 5% down up to $1.25 million (exception for 0% down) – 10% down up to $2.0 million

  • No PMI (private mortgage insurance)

  • No prepayment penalties

  • 5, 10 and 15 year ARM loans

  • 720 credit (exceptions available)

  • Close any time with fully executed contract

  • No reserve requirements

  • Gift funds allowed

  • Deferred student loans removed from debt

  • Physician/Doctor/Medical professional loan – MD, DO, DMD, DDS, OD, DPM, DPM, NP, CRNA, PharmD, PA

  • Single family, townhome, condo

  • Purchase or refinance

  • Primary residence (lower loan to value for 2nd home or investment property)

  • Local bank customizing offering to each unique situation

  • Hold/service almost all loans, meaning lender will be primary contact from application until loan is paid off

    Understanding physician loans unique situations is key to a successful approval and close.  As a lender with Frandsen Bank we fully underwrite files at time of application so approval letters are strong and there is smooth overall process with everything being done up front.

    For more information fill out the following form and we will get back to you.

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