“I am excited to share a new program launched at Guaranteed Rate this week. This is a great program for Residents or Fellows or Physicians who have recently started their careers and have not been able to save enough money for a down payment. Physicians can now purchase a home up to $1,000,000 with ZERO down payment. They can also purchase a home up to $1,500,00 with 5%down. Residents and Fellows who have accepted an employment offer can use their new salaries to qualify as long as the start date of their new job is within 90 days of the close of escrow. This program only requires two months of PITI for reserve savings and a minimum credit score of 720. This will also allow Pharmacist, Chiropractors, Dentists and Optometrist.” – Peter Pham (Mortgage Broker)
This might be the perfect mortgage for you! If you’re interested, just let us know and we’ll get you connected.
SOURCE: Guaranteed Rate Mortgage Company