The Medical Professional Mortgage Loan

Being a Medical Professional certainly has its advantages. For starters, you get to introduce yourself as Doctor. Mothers want their daughters to marry you, and their...

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The Medical Professional Mortgage Loan

Posted by Danny Force on Friday, March 4th, 2016 at 2:52pm.

Being a Medical Professional certainly has its advantages. For starters, you get to introduce yourself as Doctor. Mothers want their daughters to marry you, and their sons to grow up to be like you. I digress. But another advantage, there's a special mortgage program tailored just at medical professionals which sounds too good to be true. But it's real. And it's incredible. Read on.

For us common folk, any mortgage over $424,100 would require us to put 20% down and is called a Jumbo Loan. Not so with the medical professional loan. It has some extra benefits not allowed for everyone else which can come in handy.

For all practicing Doctors and Dentists, and basically anyone who can prescribe medicine (sorry, not Chiropractors):

- 100% financing up to $650K, with no Mortgage Insurance
- 95% financing up to $1 Million, with no Mortgage Insurance
- No mortgage origination charges

For all residents/interns/nurses/nurse practitioners:

- 100% financing up to $650K, with no Mortgage Insurance
- 95% financing up to $850K, with no Mortgage Insurance
- No mortgage origination charges

This program cannot be used for investment properties, strictly primary residencies only. But how awesome is it to not have to put any money down on a $650K home when it would normally require you to bring $130K in down payment? There are several lenders who do offer this program, and each of them have their own tailored parts.

So if you're in the market to buy a home, Contact Me Today! I can help you get set up with mortgage and insurance people to make sure you're able to buy a home and have the best coverage.


Subscribe to my YouTube channel for the Home Buying Process!


You can also get a copy of my Home Buyers Handbook when buying to learn about the process!


Danny Force, Realtor
DFW Legacy Real Estate Group
613 N. Walnut St.
Roanoke, TX 76262
C: 817-903-5442
danny@dannyforce.com

2 Responses to "The Medical Professional Mortgage Loan"

The Different Mortgage Types wrote: [...]20% down




There’s also USDA, Home Renovation Loan, CRA (First Time Home Buyer), and Professional loans. Not all lenders offer these, and not all buyers qualify for them. If you fall into one of these[...]

Posted on Monday, July 18th, 2016 at 12:14am.

Buying a Brand New Home wrote: [...]better for you than the ones offered by the in-house lender, such as First Time Buyer Programs or Medical Professional Loans. Be informed, and let me help you do your research before deciding on a mortgage lender. It could[...]

Posted on Friday, December 30th, 2016 at 4:07pm.

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