Twin Cities Real Estate Blog

Loan Program for Doctors

Loan Program for Doctors

If you are a medical doctor or even a resident or intern, there is a great mortgage loan program that might work for you!  Traditional mortgage loans require 20% down payment if you want to avoid paying mortgage insurance, but this special loan program for Doctors allows qualifying applicants to avoid paying mortgage insurance even with a down payment as low as 5%.  The even better news is that this program extends to loan amounts up to $1,000,000 and even as high as $1,500,000 with a 10% down payment.

Here is a great place to find more information about the Preferred Doctor Program.

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