If you are a physician or eligible professional in the Dallas area and are in the market to purchase a home or refinance an existing mortgage, your friends at BBVA Compass have tailored a special program called The Professional Program, which offers competitive rates and 95% mortgage financing for physicians/doctors in the Dallas area. (Program guidelines changed from 100% to 95% max financing as of 6/14/2011).
This program is only offered at BBVA Compass and is a unique opportunity for qualified Dallas area doctors/physicians and eligible professionals to obtain 95% mortgage financing on a home purchase.
Program highlights of the Professional Program for physicians (Program rules are subject to change at any time without notice):
- 95% mortgage financing up to one million dollars for primary residences.
- NO PMI (private mortgage insurance) required!
- Eligible properties inclue Single Family Residences, Town Homes, Lofts and Condominiums.
- Student loan payments are NOT included in the debt-to-income ratio calculation if they are deferred for at least 12 months.
- Expansion of loan-to-value ratios for physicians that want to refinance an existing mortgage.
- BBVA Compass offers a free investment and insurance review with a wealth management professional.
Doctors/Physicians Eligible for the 95% Mortgage Financing Program include:
- Resident or practicing physicians.
- Oral surgeons
Other Eligible Professions include:
- Certified Public Accountants
Is the BBVA Compass Professional Program available in other areas besides Dallas?
YES! BBVA Compass offers this program in seven states:
- New Mexico
The first step in the homebuying process should always be mortgage pre-approval. BBVA Compass makes pre-approval fast and easy. Their automated approval system allows for quick and streamlined loan pre-approvals with no application fee.
To consult with a BBVA Compass loan professional about this program, please call Cari Marks at (972) 705-4408. Or you can email her directly at email@example.com
DISCLAIMER: I have no affiliation with BBVA Compass and am only providing this information as a service to doctors/physicians and other professionals that may benefit. If you are a Dallas area physician in the market to purchase a home, please call me today at (972) 978-3553 or email me at firstname.lastname@example.org .