Housing for doctors
Posted in Doctors 2 months ago, 0 replies
DOCTORS FINANCE 100% OF YOUR
HOME LOAN UP TO $1,000,000
Program Description
Portfolio product designed to assist medical doctors (M.D., D.O., D.D.S.) in financing the purchase of their primary residence. Medical doctors include dentists, podiatrists, ophthalmologists and veterinarians and must have an employment contract
DEFINITIONS
Established Doctor - A doctor who has been employed as a non-Intern or Resident by a hospital or physician group for a period greater than 12 months or he/she has been self-employed as a medical doctor for at least 2 years.
New Doctor - A licensed Intern or Resident in residency or ready to begin new residency within 60 days of closing. For those Interns that are not in residency, but ready to begin as previously stated, an unconditional contract must be in place and properly executed by doctor and medical facility.
Maximum Loan Amounts:
$1,000,000.00 - Established doctor
$417,000.00 - Doctor in Residency
No Secondary Financing
Maximum LTV/CLTV:
100% with 720 credit score
Property Type; Loan Purpose:
• Single family only
• Owner occupied only
• Purchase transaction only
• Warrantable condos only
• Construction Permanent or Rehabilitation transactions are not allowed
Call Joe Of JMI Realty Group For detail 330-784-1626
*Ask about Joe’s unique program to sell homes
submitted by Joe Martin in Tallmadge, Oh