Physician Lenders Available in North Dakota
National Lender
(The name of this bank has been omitted to comply with their trademark policies)
DOCTOR LOAN PROGRAM FEATURES:
95% Financing up to $1,000,000 (some restrictions apply)
90% Financing up to $1,500,000 (some restrictions apply)
Maximum Loan Amount ** $1,500,000
Private Mortgage Insurance Not Required (No PMI)
Close on your home up to 60 days prior to new employment start date (with signed contract)
Eligible professions include Residents, MD, DDS, DMD,OD, DPM and DO
Student loans deferred for at least 12 months after closing not included in debt ratios.
Eligible Property Types One-unit Single Family, Warrantable Condos and PUDs
Eligible Products: 15 and 30 Year Fixed Rates. 5/1, 7/1 and 10/1 ARM (Fully Amortizing)
720 credit score required
*Please complete the form to connect with the lender of choice.
FLAGSTAR BANK
The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.
100% loan to $850,000 with no mortgage insurance (720 FICO)
Low down payment on loans up to $1.5M (710 FICO)
Deferred medical student debt may not affect your qualifying loan amount.
80% loan to $1.75M obviously with no mortgage insurance.
Purchase and rate/term refinance for primary residence.
5/1 and 7/1 Adjustable Rate Mortgages (ARMs)
MD, DDS, DMD, DO, DPM and Veterinarians accepted.
Non-Occupant Co-Borrowers Allowed
Opes Advisors
(A Division of Flagstar Bank)
DOCTOR PROGRAM FEATURES:
The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.
100% loan to $850,000 with no mortgage insurance
Low down payment on loans up to $1.5M
Deferred medical student debt may not affect your qualifying loan amount.
80% loan to $1.75M with no mortgage insurance.
Purchase and rate/term refinance for primary residence.
5/1 and 7/1 Adjustable Rate Mortgages (ARMs) ONLY
MD, DDS, DMD, DO, DPM and Veterinarians accepted.
Non-occupant co-borrowers
*Please complete the form to connect with the lender of choice.
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