Alliant Credit Union Physician Loan

CONTACT INFORMATION:
Jay Couillard NMLS #87100
Apply Now
914-434-5036
jcouillard@alliantcreditunion.com

Alliant Credit Union Physician Loan

Alliant Credit Union has created an industry leading Medical Professional Loan Program available in all states except Maryland.

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 $1,000,000, 95% financing up to $1,250,000, 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, OD, 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.

Disclaimer:

Alliant Credit Union NMLS#: 197185.

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% life time 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 and 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.

Equal Housing Opportunity

About Jay Couillard, Alliant Credit Union Physician Loan

For over 20 years, Jay has been helping his clients achieve their dreams of homeownership. From start to finish, he can help guide you through the process. Whether you’re a first-time homebuyer or an experienced homeowner looking to purchase a new home, second home or an investment property, Jay has solutions designed for you. He will help you analyze the benefits of refinancing for a better rate or pulling equity out of your home. Jay has been supporting the medical community and first responders in their housing needs for the majority of his career and has special programs for medical professionals with 100% financing available. He can lend nationwide and understand the differences in requirements for individual states. Jay looks forward to helping you with your financing needs and the trust that it instills.

Submit your review
1
2
3
4
5
Submit
     
Cancel

Create your own review

Alliant Credit Union
Average rating:  
 0 reviews
Call Now Button