Terms
Purchase and Refinancing
Financing Options (Based on FICO Score)
FICO Score is 720 or above, the following options are available:
- 100% financing to $2,000,000 no PMI
- 89.99% Financing to $2,500,000 no PMI
FICO Score is 680-719, the following options are available:
- 95% financing to $2,000,000 no PMI
- 100% financing to $1,500,000 no PMI
- 75% Financing to $2,500,000 no PMI
Loan Terms Available:
30, 20, 15 & 10-year fixed, plus 5/7/10/15-year ARMs.
Professions
MD, DO, DDS, DMD, DVM, CRNA, DNAP, DPM, Pharmacist, DNP
Strengths
- No-cost pre-approval with a soft credit pull
- “Power-Bid” Fully underwritten pre-approval
- Ability to close up to 150 days before employment start date
- Eligible property types include 1–2 unit homes, condos (warrantable & non-warrantable), PUDs, townhomes, and modular homes
- DTI up to 50%
- Low reserve requirements from 0-6 months (gift funds allowed)
- Non-Occupant Coborrower allowed to qualify
- Can be paired with seller concessions to purchase without any out of pocket funds.
- Options for credit towards departure residences
- Eligible for U.S. Citizens, Permanent Residents, Non-Permanent Residents, and Foreign Nationals
- Flexible underwriting, including future employment contracts, 1099 income, and gift funds
- Asset depletion allowed for qualifying.
- No Pre-Payment penalties
- Re-Casting available
Additional Mortgage Programs
Beyond the Medical Professional Program, we also offer:
- Conventional & Jumbo loans
- Second homes
- Investment properties (DSCR financing)
- HELOCs, HELOANs, and 2nd mortgages
- VA, FHA, USDA
- Down Payment Assistance
- Non-QM options: DSCR, bank statements, asset utilization, 1099, P&L, bridge loans, reverse mortgages, ITIN, Fix & Flip, and more
Disclaimer
Applicant subject to credit and underwriting approval. Not all applicants will be approved
for financing. Receipt of application does not represent an approval for financing or interest
rate guarantee. Refinancing your mortgage may increase costs over the term of your loan.
Restrictions may apply.
Guaranteed Rate AƯinity, LLC is a subsidiary of Guaranteed Rate, Inc.; NMLS #1598647; For
licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. Conditions
may apply.
