Bank of Albuquerque is rolling out a new loan program for medical professionals with some very attractive features. From their press release:
Whether you are just starting out or are established in your professional career, BOK Financial Mortgage’s Advanced Medical Professional (AMP) loan program provides innovative home financing solutions for select medical professionals. This program allows a small down payment, competitive pricing and unique qualifying criteria on various loan products.
Eligible medical professional include: MD, DO, DDS, DMD, Medical Residents, Medical Fellows, DNAP, CRNA
Primary residence only
Maximum loan amount – $650,000 (MD, DO, DDS, DMD, Medical Residents, Medical Fellows, DNAP, CRNA)
Maximum loan amount – $850,000 (MD, DO, DDS, DMD)
No mortgage insurance
Purchase or refinances (No cash out)
Fixed and variable rate options
Student loans deferred greater than 12 months from closing are not considered in debt to income ratio
Discounted 0.25% interest rate option available for borrowers who have a qualifying BOKF checking/savings account and agree to make mortgage payment via ACH from that account
Our recommended loan officer at Bank of Albuquerque is Scott Gray if you think this program might suit you.