E044: 100% Physician Loans with No PMI

On this episode, I'm joined by Nathan Willis with South State Bank and we will be discussing South State's Physician Loan.  This portfolio product offers medical doctors (MD), doctors of Osteopathic Medicine (DO), dentists, and veterinarians who possess a 700+ credit score with a 100% loan to value mortgage up to $750,000, a 95% loan to value mortgage up to $1M for applicants with a 720+ credit score, and loan from $1M to $2M with a 720 credit score and just 10% down.   All of these loans are available without private mortgage insurance (PMI) resulting in big savings for the borrower. These loans are available as 15-, 20- or 30-year fixed or 5-, 7- or 10-year adjustable-rate mortgages (ARMs). This product is available for primary residences whether single-family homes,  condominiums, planned unit developments, or duplexes. If you have any questions or for more additional information on this loan product, you can reach Nathan Willis by phone at 260-418-3742.