Available in the following states: CT, MA, ME, NH, NY, RI, VT
DOCTOR PROGRAM FEATURES:
- Fixed- and variable-rate options available: 30 Year Fixed, 15 Year Fixed, 10/6 ARM
- Min FICO credit score 700
- 100% loan-to-value (LTV) to $1 million
- 95% loan-to-value (LTV) to $1.25 million
- 90% loan-to-value (LTV) to $2 million
- Max debt ratio 45%
- No Private Mortgage Insurance (PMI) required
- 1099 Independent Contractor for less than 12 months allowed
- Projected Income is acceptable for qualifying purposes when a borrower is scheduled to start a new job within 90 days of loan closing.
- Eligible for Primary Residence Only
- Available for Single Family, Condominiums, and PUD (Planned Unit Development)
- Reserves are required and the range from 2-6 months of your monthly mortgage payment
Borrower Eligibility: Medical, Dental, Veterinarian’s residents, Medical ,Dental, Veterinarian’s fellow who are currently employed in residency of fellowship. Practicing Physicians (MD, DPM, DO. OD), Practicing Dentists (DDS,DMD) Oral Surgeons, Veterinarians. Practicing doctors must be out of residency/internship/fellowship less than 10 years. Non practicing doctors such as those in academia or research are not eligible for this program.
All of the loan officers listed here specialize in working with doctors ONLY. They are battle tested, seasoned, and recommended by your peers.
Do you want Stephen to contact you?
Stephen J. Morrison (NMLS# 697238)
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him know you’re looking for him.
By contacting you certify that you are a medical professional or the spouse of one.
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