With the fantastic hospitals that Tallahassee is home to, I frequently work with physicians moving to our wonderful city. Often, they are already encumbered with student debt, and haven’t seen those attractive salaries pouring in yet!
Did you know that there is a 100% mortgage loan with no PMI (monthly property mortgage insurance)? Yep, you read that right! Our Medical Professional Program (for eligible doctors, dentists, veterinarians, podiatrists, ophthalmologists…..M.D’s and D.O.’s) allows your student loan debt to be excluded from your debt-to-income calculation – which can help you get the home loan you desire.
The minimum credit score required is 700, but if credit is 680 or better Waterstone Mortgage can still do 95% financing with no PMI!!
In addition to that, there is also a program for refinancing if you are already in a situation paying PMI and want to get out.
See attached flyer detailing this product for more information and call me with questions or to discuss how we can get you into the home of your dreams!! Plus, there is no limit on the number of properties owned and/or financed by the borrower(s).
Contact Pam Keller to learn more! #WMCMedicalProfessional http://bit.ly/2xYwtgK
Loan Limits by Credit Score and Loan to Value