November 27, 2024
Unlocking the Door to Wealth: Special Mortgage Rates and Terms for Nurses
One of the best ways to gain financial freedom is to own a home
* Exploring options will not affect your credit.
Access home loans with little to no down payment required, making it easier for healthcare professionals to achieve homeownership.
Take advantage of higher loan amounts for more expensive properties, ensuring you can purchase the home you’ve always wanted.
With relaxed debt-to-income ratios and no PMI required in most cases, we offer flexible loan options designed to meet your unique needs.
No down payment option with 720 FICO up to $1,000,000
Low down payment option 700 FICO up to $1,500,000
No mortgage insurance required
Purchase and rate/term refinance for primary residence
Multiple adjustable rate mortgages (ARMS²) available
Non-occupant co-borrowers allowed
November 27, 2024
One of the best ways to gain financial freedom is to own a home
November 27, 2024
Getting expert advice on my health questions without leaving home has been incredibly.
November 27, 2024
A guide to tracking vital health factors like blood pressure, oxygen saturation, and cholesterol levels.
1. Purchase or rate/term refinance of a 1-unit, Warrantable Condo and PUD primary residence. Not available in Puerto Rico. Eligible borrowers include those employed as: a Medical Resident (with Educational License), Doctor of Medicine (MD), Doctor of Dental Surgery (DDS), Doctor of Dental Medicine or Surgeon (DMD), Doctor of Optometry (OD), Doctor of Ophthalmology (MD), Doctor of Pharmacy, Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Certified Public Accountant (CPA), Physician Assistant, Registered Nurse, Nurse Anesthetist, Nurse Practitioner, Clinical Nurse Specialist, ATP Pilots, and Attorney. At least one occupying borrower must hold a valid license within one of the eligible professional fields and meet all of the following requirements:
Borrower must be within ten (10) years of the start of their profession and be actively engaged in the eligible profession. All borrowers, including non-occupant co-borrowers, may only have one outstanding Professional or Doctor loan with Flagstar at any given time. Occupying borrower(s) may have no other second homes or investment properties financed with Flagstar Bank at any given time.
2. With an adjustable-rate mortgage (ARM), your loan will have an initial fixed-rate period. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of the reset. Your payment amount will vary based on any adjustment in the interest rate after the fixed-rate period, and your variable rate can adjust bi-annually, or every 6 months, for the remaining life of the loan.
Programs for qualified borrowers. All borrowers are subject to credit approval, underwriting approval, and product requirements, including loan-to-value, credit score limits, and other lender terms and conditions. Fees and charges may vary by state and are subject to change without notice. Some restrictions may apply.
Not a commitment to lend.
Flagstar Bank NMLS# 417490
Equal housing Lender I Member FDIC