As a high mortgage firm in New York, we supply the physicians mortgage program nationwide. There’s a huge demand for a lot of these loans. Not many lenders supply reductions to physicians or dentists. Here’s what you should know in case you are searching for mortgage financing.
As much as 100% Financing
Finance as much as 100% for mortgage quantities $950,000 or much less. Considering larger? We’ll go as much as 95% on loans as much as $1,250,000 and 90% for these as much as$1,500,000. Not seeking to purchase? We additionally supply fee and time period refinance choices.
No Non-public Mortgage Insurance coverage (PMI) Required
The conventional PMI requirement on mortgages with lower than 20% down is waived by this program, even if you happen to put nothing down.Â
The million-dollar query – how a lot can I afford?
Not sure what you qualify for? A mortgage prequalification may also help decide how a lot you’ll be able to borrow primarily based on estimates of key elements reminiscent of earnings, present month-to-month debt, and credit score historical past.
If you’re a doctor or a dentist, you should contact us in case you are buying or refinancing a property. Now we have this system to make it occur.
