Need Jumbo Loan for Physician - 740+ scores can do 10% down if need be.

Are there still 100% Jumbo with no MI for physicians?

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April 05 2009 - Jacksonville
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Answers (10)

 He says 500-525K. Did you call RBC, B of A, and Suntrust?

I believe RBC will beat that rate
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April 09 2009
Robert, those are sweet rates for 100% Jumbo.  How big is the Jumbo?
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April 09 2009
I found a 100% no MI Loan through Compass for Professionals.  6.5% on 30 yr fixed and 5.5% on 5/1 Arm
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April 09 2009
Bank of America had some great physician programs at one time.  When I was selling for Pulte Homes, our mortgage brokers couldn't compete with BOA. 

Good luck!

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April 09 2009
There is no MI...  Check with one of the companies below for down payment requirements....
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April 05 2009
500-525k purchase price....They can do 10% down but of course they would prefer 5% or 0% if they could.  Also how is the PMI on this special loan?  I see on the internet that people say there are loans with no PMI for physicians...

Thank you...
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April 05 2009

Good point on the "how jumbo it is"....

Loan size will be the determining factor.

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April 05 2009
Depends on how jumbo the jumbo is. Try RBC.
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April 05 2009
On second thought, you may want to try Suntrust first....LOL
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April 05 2009
I have seen 95% LTV for physicians, but not 100%.  Most cut them back last fall.  Try Bank of America or Suntrust.
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April 05 2009
 
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