Alliant Credit Union
Program is available in the following states : AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
Disclaimer: Program features are subject to change. Please check with your loan specialist for the most up to date product information.
TERMS:
- No PMI
- Closing available 90 days before employment starts
- Minimum FICO score of 700 to qualify
- Maximum debt to income ratio 45%
- Medical Professionals may borrow 100% up to $1,250,000, 95% financing up to $1,500,000, and 90% financing up to $2,000,000
- Most lenders require that you have completed training within the last 10 years, Alliant Credit Union has no such limit
- Conforming & Non-Conforming
- Fixed & Adjustable Rate
- 30- & 15- Year Fixed, 5/6, 7/6, 10/6 ARMs
PROFESSIONS:
MD, DO, DDS, DMD, Resident, Fellows, DVM, DPM
STRENGTHS:
- Student Loan Debt omitted in qualifying ratios if deferred at least 12 months
- Ability to use income based repayment schedule if not deferred for 12 months
- No limit on time elapsed since the completion of training
- Financing available for single family, condos, and two family owner occupied residences
- Warrantable and non-warrantable condos allowed
- Available to US Citizens, Permanent Resident Aliens, Non Permanent Resident Aliens, and Foreign Nationals
- For other professionals we have Our First Time Homebuyers program with up to 100% financing available with no PMI
The loan officer listed here specialize in working with doctors. They are battle tested, seasoned, and recommended by your peers.
I’ve made it real easy. Drop your name and phone number in the form below and I’ll let them know that you would like more information.
By contacting you certify that you are a medical professional or the spouse of one.
Disclaimer
Rates, terms, and conditions are subject to change. The 5/6, 7/6 and 10/6 ARMs offer a fixed rate for the initial period of the loan and adjust to a 6-month ARM after that period. The interest rate and monthly payment may adjust bi-annually based on the 30-day average Secured Overnight Funding Rate (SOFR), plus a margin of 2.75 percentage points with a 5% lifetime cap.
Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
Mortgages available in all states except Maryland. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Rates, terms, and conditions are subject to change, are subject to credit, and collateral approval.
Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.
