Physician Lenders Available in Oregon
KEYBANK MORTGAGE
-0- down payment up to $750,000 (700 min credit score)
5% down payment up to $1,000,000 (700)
10% down payment up to $1,500,000 (680)
15% down payment up to $2,500,000 (700)
25% down payment up to $3,500,000 (700)
Min credit score can be lowered if compensating factors are met (case by case)
Products available (Purchase and Rate and Term Refinance):
30-year fixed
25-year fixed
20-year fixed
15-year fixed
10/1 ARM
7/1 ARM
5/1 ARM
Single Family, PUD, Townhome, and Warrantable Condos are eligible
Close on loan up to 90-days prior to employment start date
Eligible Medical Doctors: MD, DO, DPM
Eligible Dentists: DDS, DMD
Eligible Veterinarian: DVM, VDM
Debt Ratio Limit: 45% (Up to 50% with compensating factors)
Student Loans: Count IBR payment or 1% of balance
Down Payment CAN be a gift
Reserves CAN be a gift: 2-6 months depending on situation and timing
BBVA
The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.
100% loan to $650K with no mortgage insurance (FICO 720)
95% loan to $1.0M with no mortgage insurance (FICO 700)
95% loan to $1.25M with no mortgage insurance (FICO 720)
90% loan to $1.25M with no mortgage insurance (FICO 700)
90% loan to $1.5M with no mortgage insurance (FICO 720)
85% loan to $1.5M with no mortgage insurance. (FICO 700)
80% loan to $1.75M with no mortgage insurance. (FICO 700)
30, 20 and 15 year fixed loans as well as a 5 and 7 year ARM.
Can be used for Refinance / Cash out to 85%
MD, DO, DDS, DMD (other designations maybe acceptable)
Approved Condominiums are acceptable
One-Time Close Construction/Renovation loans/Lot Loan
**20 Point FICO Exceptions Available if qualified**
*Please complete the form to connect with the lender of choice.
FLAGSTAR BANK
The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.
100% loan to $850,000 with no mortgage insurance (720 FICO)
Low down payment on loans up to $1.5M (710 FICO)
Deferred medical student debt may not affect your qualifying loan amount.
80% loan to $1.75M obviously with no mortgage insurance.
Purchase and rate/term refinance for primary residence.
5/1 and 7/1 Adjustable Rate Mortgages (ARMs)
MD, DDS, DMD, DO, DPM and Veterinarians accepted.
Non-Occupant Co-Borrowers Allowed
National Lender
(The name of this bank has been omitted to comply with their trademark policies)
DOCTOR LOAN PROGRAM FEATURES:
95% Financing up to $1,000,000 (some restrictions apply)
90% Financing up to $1,500,000 (some restrictions apply)
Maximum Loan Amount ** $1,500,000
Private Mortgage Insurance Not Required (No PMI)
Close on your home up to 60 days prior to new employment start date (with signed contract)
Eligible professions include Residents, MD, DDS, DMD,OD, DPM and DO
Student loans deferred for at least 12 months after closing not included in debt ratios.
Eligible Property Types One-unit Single Family, Warrantable Condos and PUDs
Eligible Products: 15 and 30 Year Fixed Rates. 5/1, 7/1 and 10/1 ARM (Fully Amortizing)
720 credit score required
*Please complete the form to connect with the lender of choice.
Opes Advisors
(A Division of Flagstar Bank)
DOCTOR PROGRAM FEATURES:
The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.
100% loan to $850,000 with no mortgage insurance
Low down payment on loans up to $1.5M
Deferred medical student debt may not affect your qualifying loan amount.
80% loan to $1.75M with no mortgage insurance.
Purchase and rate/term refinance for primary residence.
5/1 and 7/1 Adjustable Rate Mortgages (ARMs) ONLY
MD, DDS, DMD, DO, DPM and Veterinarians accepted.
Non-occupant co-borrowers
*Please complete the form to connect with the lender of choice.
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Physician Loans PRogram Oregon
If you are looking for the best options in physician mortgage loan in Oregon, you are at the right place. A physician loan, as the name suggests, is the mortgage loan that is specifically tailored for medical professionals like physicians, doctors and dentists. These comprise a low down payment and hassle-free arrangement that suffices the needs of the busy professionals in the simplest and quickest way. Our objective is to connect you with the right lenders and realtors so that you can get quick and easy financing options to buy a home of your dreams. Not only does this mean that you can buy a home sooner than you expected but also that you need not settle for just any property because of the financial constraints. Procuring a Physician loan in Oregon has never been as easy as it is now!
Physician Home Loan in Oregon
Since physicians are busy professionals, they seldom have enough time to search and find the best mortgage options when they want to buy a home. However, Physician Home Loan in Oregon comes with the best solutions to address this challenge. We have a network of leading lenders and mortgage providers that you can explore to find a financing option that is simple to procure yet fits your budget constraints. The mortgage solutions that we offer are simple and personalized, which means that there would be just something perfect for your needs. Whether it is high student loans, not having enough funds for down payment or any other thing that is keeping you from owning your dream home, Physician Loan in Oregon is here to solve them all.
Why should you choose Physician Mortgage Loan Program in Oregon?
Doctors, dentists and physicians usually have difficulty in securing a conventional mortgage because they have high student loan burden and lack time and knowledge to handle the cumbersome process. A physician mortgage loan program in Oregon emerges as an ideal option for these professionals because it brings an end-to-end solution with a range of advantages:
· Zero Down Payment for physician loans that amount up to $650,000
· Low Down Payment for physician loans that amount up to $2,000,000
· 3%-6% towards closing costs can be paid by sellers
· No Private Mortgage Insurance (PMI)
· Availability of fixed and adjustable rates
· Free Pre-Qualifications and Pre-Approvals
Additionally, these programs may even ignore student loan payments, which mean that even those professionals who have loan burden can get finance for their own homes. Also, they can move into the home up to 90 days before the contract starts.
Buy Your Dream Home with the help of Physician Loan Experts Oregon
Buying a home of their dreams is no longer a challenge for physicians and medical professionals as they have access to the best financing resources in a click. We simplify mortgage loan for doctors who can compare the different finance alternatives and choose the one that is just apt for them. Our customized solutions are tailored to simplify home loans and serve the lowest interest rates on home mortgage loans for medical professionals in Oregon and all across the US.