Our new doctor loan program is now available in most States. The benefits of the program are as follows:
- No Application Fee
- No Mortgage Insurance Option*
- 5% Down Payment Option*
- $250 Appraisal Discount Credited at Closing
Multiple Product Options Including:
- 30yr Fixed Conforming
- 30yr Fixed Jumbo (Jumbo loans are not available with low down payment option)**
- 3, 5 & 7 yr Conforming & Jumbo ARM Products
- Can be used in conjunction with FHA or VA loans***
* The No Mortgage Insurance Option and 5% Down Payment Option are available in most States for conforming loan amounts of $417,000 or less. Some declining markets will require a larger down payment, depending on the local market classification. "No Mortgage Insurance Option" is not available in conjunction with an FHA loan. Contact me for details on your particular area.
** The Jumbo Loan requires a minimum down payment of 20% in all markets. Some declining markets will require a larger down payment, depending on the local market classification. Contact me for details on your particular area.
*** Mortgage insurance is required on all FHA loans, regardless of down payment. This is an FHA policy and is the same regardless of lender.
Not available in HAWAII, ALASKA, TEXAS or NEW YORK. This program is available in most other States. Please contact me directly to see if your area qualifies.
Friday, September 4, 2009
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