Physicians 100% Program

  • Maximum loan amount $5,000,000
  • Debt to income maximum 43%, must be a Qualified Loan to Value, when combined with existing liens, are not to exceed the following:
    $0 - $417,000 : 100% 
    $417,001 - $1,000,000 : 95% 
    $1,000,001 - $2,500,000 : 90% 
    $2,500,001 - $5,000,000 : 80%
  • Ownership: primary residence only
  • Credit Score/History: minimum middle score 700 with no bankruptcies, foreclosures, short sales, or deed in lieu in the last 7 years
  • Reserves at the time of underwriting shall be equal to or greater than 2 months of :
    Principal, Interest, Taxes, Insurance, Association Dues (PITIA)
  • Loan type: purchase only
  • Two independent appraisals shall be required for loans equal to or greater than $1,500,000 (Bank shall use the lowest of the two values for LTV purposes)
  • Escrows preferred, but not required.
  • Types of properties: single family, town-homes, condominiums (on FNMA approved checklist)