Jumbo Loans & Physician Loan Programs
Jumbo Loan
Jumbo loans are used in certain cases to allow homeowners to exceed the conforming loan limit to borrow more funds for a higher-valued home.
Jumbo has nothing to do with the size of the house. The term is specifically related to the amount of the loan.
These mortgages have higher risk to the lender than other conforming or government backed loans, so lenders typically charge higher rates for for these Jumbo or non-confirming loans than they do for conforming mortgages. However, this is dependent on the current market and other factors.
Jumbo loans can have fixed or adjustable rates.
NEW Physician & Medical Professional Loan Program
This is a big opportunity — especially if you work near hospitals or medical centers.
We now offer a program designed around earning potential, not just years of employment history.
It’s available to licensed Medical Doctors and Osteopathic Physicians (including specialists like ophthalmologists and psychiatrists), Dentists, Pharmacists, Veterinarians, Podiatrists, and Certified Registered Nurse Anesthetists, as well as medical residents, fellows, and interns with qualifying degrees.
Highlights:
• Up to 100% financing
• Loan amounts up to $2 million
• No mortgage insurance
• More favorable student loan treatment in many cases
• Contract-to-close flexibility for residents and fellows
Interested in our services? We’re here to help!
We want to know your needs exactly so that we can provide the perfect solution. Let us know what you want and we’ll do our best to help.
