Jim Kernan

Professions:

• MD, DO, DDS, DVM, DMD, DPM, CRNA

Terms:

720 min credit score, Primary Residence:

• up to 100% Financing up to $1.25 million
• up to 95% Financing up to $1.5 million
• up to 90% Financing up to $2 million

 700 min credit score, Primary Residence:

• up to 100% financing up to $1 million
• up to 90% financing up to $1.5 million

 Second/Vacation Home:

• 20%+ down payment
• Max loan amount of $1.5 million

 Construction/Renovation Loans:

• 15.01% down payment required
• Max loan amount of $1.5 million
• Condos and Second homes NOT permitted

Products Available:

• 30, 25, 20, 15, 10-year fixed
• 15, 10, 7, 5 year ARMs (SOFR index)

 Property types:

• Single Family Home
• Low-Rise Condos (7 stories max)
• PUD
• Townhomes (fee simple)

Highlights:

• No Private Mortgage Insurance
• Max financing of up to 100% for tenured practitioner (10 years post residency) with at least $500K in reserves
• Can close up to 90-day PRIOR to employment start date with proper documentation and verification
• Gift funds acceptable for closing costs and Down Payment
• 1099 Contracted Income is acceptable (upon review of employment contract/financials)
• 4% seller assist on LTV @ 90% or higher; 6% seller assist on LTV below 90%

Disclaimer: Any financing over 100% must be used for taxes, insurance and other closing costs. Financing is available for eligible applicants and professions. Credit, income and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change without notice.