STATES: AR, KS, MO, OK
EMAIL: [email protected]
We will go to 103% LTV up to a loan amount of $1.25mil (Can roll up to 3% in closing costs into the loan). 95% LTV up to a loan amount of $1.75mil. We offer 5YR ARM, 7YR ARM, & 10YR ARM, all of which are amortized of 30 years. We offer a 15YR fixed rate Physician Mortgage Loan in addition to our ARMs.
MD, DO, DDS, DMD, Resident, Fellows, OD
103% financing, closing cost can be financed. H1B & J1 work Visa accepted. We take the higher mid-fico score of either borrower, even if the spouse is not a physician. 660 minimum score for practicing physicians, 640 for residents. No monthly PMI and no prepayment penalty if you want to pay the loan off early. We portfolio and service these loans which means they stay with Arvest for the life of the loan. Physician can close up to 4 months before they start their job. Debt Ratio goes up to 50%.