Search Listings

5% Down Payment...No MI (Mortgage Insurance)

Niche Jumbo Mortgages for Physicians, Dentists, Attorneys and CPAS...
5% Downpayment...No MI (Mortgage Insurance)

mortgage_picture_403



FOR EXISTING PHYSICIANS, DENTISTS, ATTORNEYS AND CPAS:

95% financing up to a $1,491,000 sales price ($417,000 FNMA 1st/$1M 2nd @ 4.5% APR 0 points)
90% financing up to a $2,083,000 sales price ($625,500 FNMA 1st/$1.25%M 2nd @ 4.5% APR 0 points)
85% financing up to a $2,500,000 sales price ($625,500 FNMA 1st/$1.5M 2nd @ 4.5% APR 0 points)
80% financing up to a $2,969,000 sales price ($625,500 FNMA 1st/$1.175M 2nd @ 4.5% APR 0 points)

  • No mortgage insurance
  • 660 minimum credit score
  • 5% must be Borrower's own funds (FNMA guidelines apply)
  • 2 year job history (need current pay stub for W-2 employees or 2 years self-employment)
  • 2-3 months of reserves may be required
  • SFD, PUD, FNMA approved condos and townhomes allowed (no 2-4 unit properties)


FOR NEW OR EXISTING PHYSICIANS, DENTISTS, ATTORNEYS OR CPAS:
Great for Relocating Professionals

95% financing up to a $1,052,000 sales price ($1,000,000 single loan)
90% financing up to a $1,388,000 sales price ($1,250,000 single loan
85% financing up to a $1,764,000 sales price ($1,500,000 single loan)
80% financing up to a $2,187,000 sales price ($1,750,000 single loan)

  • No mortgage insurance
  • 700 minimum credit score
  • Entire down payment and closing costs can come from a gift from relative
  • No reserves required post-closing
  • Can close up to 60 days prior to starting a new position as a w-2 employee
  • Exception can be made for 1099 IC with contract with no expenses (specialists)
  • Self-emplyement for 1 year allowed with previous education or W-2 employment for 1 year
  • SFD, PUD, FNMA approved condos only
  • No limit for Seller concessions towards actual closing costs



This is a great "niche' jumbo loan programs.  Similar mortgages are availabwe for " other professionals".  Call today for more information.  Check out the Marin Modern website for more great information about Marin.

Rebecca Perl     415-446-8017     [email protected]


Post a Comment

From Our Blog

Posts By Category

All Categories Architectural Homes & New Listings (117) Architectural Homes + Listings (268) East Bay Events (63) Eichler Homes (5) Eichler Homes Forum (44) Events + Happenings (410) Green Living in Marin (73) Just Sold (450) Landscape Design (6) Lofts & Condos (24) Main (267) Marin for Kids (5) Marin Home Staging & Design (9) Marin Market Update (175) Marin Modern News (159) Marin Mortgage News (17) Marin Schools + Education (45) Mortgage & Lending (4) San Francisco (62) Selling Your Home (22) Vendor / Affiliates (1)

Posts By Month

Grab Our RSS Feed