As a prime mortgage firm in New York, we supply the physicians mortgage program nationwide. There’s a large demand for most of these loans. Not many lenders supply reductions to physicians or dentists. Here’s what you must know if you’re on the lookout 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 trying to buy? We additionally supply price 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 means of this program, even in case you put nothing down.
The million-dollar query – how a lot can I afford?
Uncertain what you qualify for? A mortgage prequalification may also help decide how a lot you may borrow primarily based on estimates of key components reminiscent of revenue, present month-to-month debt, and credit score historical past.
In case you are a doctor or a dentist, you must contact us if you’re buying or refinancing a property. We now have this system to make it occur.