Physician Lenders Available in Washington
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
* Geographic restrictions may apply. Ask us for details.
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 Washington
Connect with Physician Loans Washington and avail access to the most incredible home loan solutions that are tailored to match the requirements of the physicians in Washington. If you are a busy doctor or dentist looking for a simple home loan solution, we have it right here for you, with zero-hassles and easy financing. We get you connected with the right resources who can take you closer to your dream home, with much less effort than you expect. The variety we offer in these programs is extensive, which means that there may be something that is just right for your needs. With a large network of lenders and realtors, we bring the best services and solutions for medical professionals looking for the best Physician Mortgage Loan programs in Washington and all across the US.
Physician Home Loan in Washington
Finding a mortgage loan solution for physicians is never easy because they lack time to research and evaluate their options. But Physician Home Loan in Washington has made things simple, with customized solutions that are just right for the financial objectives of these professionals. We help you in handling the most critical aspect of home buying, which obviously is to find the best mortgage provider to finance it. From finding your options in mortgage loans to comparing them and deciding the one that works for you, we can assist you with the entire process. So this gets you closer to the home you have always wanted to own. Home loans for physicians in Washington could never be simpler than this!
Why should you choose Physician Mortgage Loan Program in Washington?
A mortgage loan program that we offer is a great pick for any doctor, dentist or physician in Washington because it offers a complete solution. Plus there are some amazing features that you can access to make buying a dream home a hassle-free experience. Here are some reasons that you should choose us:
· Zero Down Payment for loans amounting up to $650,000
· Low Down Payment options for loans up to $2,000,000
· No Private Mortgage Insurance (PMI)
· Free Pre-Qualifications and Pre-Approvals
· Availability of fixed and adjustable rates
· Sellers can pay for up to 3%-6% towards closing costs
· Ability to ignore student loan payments
· Opportunity to move in to the new home up to 90-days before the start date of the contract
Buy Your Dream Home with the help of Physician Loan Experts Washington
For physicians who want an opportunity to simplify home buying, connecting with Physician Loan Experts Washington is the best option. Not only do we link you up with the right realtor but also make sure that you understand each and every aspect of physician home mortgages. Our solutions are aimed to help you in securing the best deals and lowest interest rates so that you can buy your dream home at a price that matches your budget, all without any hassles and effort.