Your mortgage specialist had our mortgage fully approved well before the actual closing on our home in Missouri and he works in Texas. He kept us informed and even our realtor was impressed. Highly recommend your service.
Houston, TX (PRWEB) February 11, 2011
Now Doctors and Dentists can purchase a primary residence with no down payment up to a $650,000 maximum loan amount. Even better, there is no monthly Private Mortgage Insurance (PMI) added to the monthly mortgage payment. This rare physician loan program makes it easier to purchase a home without liquidating cash reserves. Most U.S banks do not offer this unique loan program.
Physicianloanexperts.com provides a free service of matching a mortgage loan specialist with doctors and dentists looking for the rare Doctor Mortgage Loan and Dentist Mortgage Loan program.
Refinances are also available up to $1.5 Million loan amount at 89% of appraised value without monthly PMI.
This program is available for primary residences in the following states:
Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.
Mortgage options include 5/1, 7/1, 10/1 ARMs or Fixed Rate mortgages. Interest rates are lower on the ARM products and there is no prepayment penalty on any of these programs.
One of the most challenging aspects of moving to a new state for employment is closing on the home purchase on time. These bank specialists understand family relocation concerns and work with buyers in all eligible states to meet your home purchase deadline. Doctors or Dentists with new salaried employment contracts can actually close on a home up to 90 days prior to starting new employment if an executed employment contract is provided during the loan approval process.
Program eligibility requires each borrower to have a 700 middle credit score for 100% financing, or 680 credit score for 95% or lower financing. Resident physicians are also eligible. Doctors who have been self-employed over three years are eligible.
“We were having difficulty finding a bank that offers this physician loan program until we found your website. Kyle had our mortgage fully approved well before the actual closing on our home in Missouri and he works in Texas. He kept us informed all the way and even our Realtor was impressed. We highly recommend your service to Doctors.” -- Dr. Chris B.
For additional information visit http://www.physicianloanexperts.com. Call toll free (866) 941-1496.