Physician, Attorney, Certified Public Accountant, Oral Surgeon, Dentist, Pharmacist, Optometrist, Nurse Anesthetist, Physician Assistant, or Ophthalmologist.

Borrower eligibility: US Citizen, Permanent Resident Alien, Non Permanent Resident, First Time Homebuyer, Revocable Trusts

Loan Parameters:

• Purchase and refinance of Primary Residence
• 5% down payment
• Minimum Credit Score 700
• No prepayment penalties
• Max Debt to income ratios 43%
• Escrow Waiver: With 20% down payment only. Flood insurance is always escrowed in the monthly payment.
• Gift funds okay if Mortgage/Rental history is Ox30 in last 24 months & no prior bankruptcy, foreclosure, deed-in-lieu or short sale
• Income documentation for 2 full years is required. Two years W2s, Two years Personal and Business tax returns if Self Employed
• Mortgage insurance is not required
• 1 Unit, Attached or Detached, PUDs (Planned Unit Development), Warrantable Condominiums okay. Non Warrantable Condos with 15% down payment
• Duplex and Fourplex properties not allowed
• New employment contracts okay if non-contingent for up to 60 days after closing. Must have assets/savings to support 60 days
• Max seller contributions 6% of the loan amount
• Must have 2 year work history or 6 months after diploma(if not self employed); 2 years credit history to qualify
• Must have 3 tradelines: 24 months review all tradelines; 1 credit card, 1 installment or mortgage; may ask for housing history-authorized user accounts do not count
• 3 Months of mortgage payments saved, to show as reserves (cushion savings)
• Max acreage 20 acres
• Student Loans- If the monthly payment reported on the credit report is zero, use 0.5% of the outstanding balance, as reported on the credit report. Use the monthly payment on the credit report or other file documentation if the amount is greater than zero
• All loans are fully amortized
• Fixed rates for 15 and 30 year terms as well as some Adjustable rate mortgages.