States: AZ, AR, CO, FL, IL, IN, IA, KS, MN, MO, NE, OK, TX, WI
- 100% mortgage financing up to $1,000,000
- 95% mortgage financing up to $1,500,000
- 90% mortgage financing up to $2,000,000
- Term offered are a 5 year, 7 year or 10 year arm, fixed for that period of time on a 30 year note
- Single Family, Owner Occupied, Primary Residence only
- Income based on contract salary and will close up to 90 days before you start, exceptions to extend longer can happen if warranted/approved.
- Minimum Credit Standards apply.
- Student loan debt, $0 counts in debt calculation for Residents, .5% of outstanding debt used for debt calculation for practicing MD’s.
- You have to be a practicing physician, MD or in Residency.
- I pride myself on communication and being accessible, you can get me on my cell phone 24/7.
- We portfolio these loans which means you stay with Great Southern Bank for the life of the loan.
- Common sense underwriting for both Self-Employed and W-2 physicians.
- We are known in the market for having competitive pricing.
- No pre-payment penalty.
- Gift Funds accepted.
- No Private Mortgage Insurance.
- Up to 43% debt ratio.
- H1B Visa accepted.
- We can use income from the non-physician to help qualify.
- Non-Warrantable Condo’s OK