Paul Cushman

Vice President

Regions Mortgage

Direct: 904-982-6910

Fax: 904-222-8123

NMLS: 512713

 

DOCTOR PROGRAM FEATURES:

  • Offers mortgage loans to medical physicians, including Residents, Fellows, Doctor of Dental Medicine (DMD/DDS) or Doctor of Osteopathy (DO).
  • Doctors who have been self-employed for a minimum of 2 years are eligible.
  • 1099 income with contract is allowed – must have minimum monthly income guarantee.
  • Mortgages are available for purchases and refinances.
  • They offer fixed rate and ARMS.
  • No private mortgage insurance (PMI).
  • Up 100% financing is available.
  • For loan amounts $750,000 or less, 100% financing is available.  For loan amounts up to $1,000,000, 95% financing is available.
  • Student loans are not included in the debt to income ratio with sufficient documentation supporting that the student loans are currently in deferment/forbearance.
  • This loan is for primary residences only, single-family residences, and townhomes.
  • Minimum credit score is 720 for loan amounts above 484,350K
  • Minimum credit score is 700 for loan amounts below 484,350K
  • Residents entering the medical profession are required to have a copy of the executed written agreement as evidence of employment or future employment.
  • Bi-Weekly options available

 

Click the link below to apply online:

 

https://lending.regions.com/app/buying-and-refinancing/welcome?type=1&mlo=paulcushman

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