What’s the biggest obstacle facing people who want to own a home? Usually, it’s saving up for the down payment. Typically, borrowers must purchase Primary Mortgage Insurance (PMI) when they can’t pony up at least 20% down. That extra cost can add up. Plus, certain professions typically incur a higher amount of student debt over the course of the educational path, which can make it harder for professionals in those fields to qualify for financing due to a higher debt-to-income ratio. We’ve designed a specialty mortgage product that can help certain professionals overcome the initial burdens of a down payment while avoiding the added cost of PMI. We call it the Professional Home Loan.

Up to 100% Financing, up to $750,000

Our Professional Home Loan is designed to accommodate the unique financial demands of certain professions. This specialty product is available to dentists, physicians (MD and DO), licensed residents and fellows in medical programs, pharmacists, attorneys and other doctoral-level professionals. Valid for the purchase of single-family homes, townhomes and condos. With our Professional Home Loan, you could:

• Get up to 100% financing for loans up to $750,000.
• Avoid purchasing PMI.
• Know that your student debt won’t count against you because deferred student loans (minimum 12 months) are not included in the debt-to-income ratio.
• Use gift funds from eligible sources if desired.

Ready to get home?

Grow can get you home faster with our Professional Home Loan! With the burdens of a down payment and PMI out of the way and student loan debt not counting against you, what’s holding you back? Let’s open the door to your dream home. Talk with one of our professional Real Estate Loan Officers to get started.

Contact Us to Learn More

^*Subject to credit approval. Not all will qualify. Certain restrictions apply. 100% financing is not available for Home Equity Loans or refinances. 100% financing of verified property value at time of financing. Borrower must make a 1% contribution to down payment or closing costs for such items as inspections, appraisals, title insurance etc. Gift funds allowed.
Grow Financial mortgage loans are valid for the purchase or refinance of owner-occupied residential properties in the states of Florida, South Carolina, North Carolina, Georgia, Alabama and Tennessee including single-family detached, condominiums and townhomes. Not valid for the purchase of investment properties. Grow Financial mortgage loan rates are updated daily and available at growfinancial.org.

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Posted In:

• Home Education