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.
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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