Doctor’s Orders: Zero Down, Zero PMI

30-year fixed mortgage rates are running roughly 0.125% (APR) higher than they were a year ago, as long-term borrowing costs remain elevated across the board.

10-Year Treasury Yield: trading above 4.7%, near its highest level in roughly 19 months, as markets weigh persistent inflation concerns and heavy bond issuance.

30-Year Treasury Yield: sitting at its highest level since 2007, reflecting continued pressure on long-term rates.

What this means for buyers and homeowners: with long-term yields elevated, talking with a lender about your timeline and options may help you decide what makes sense for your situation. Rates can change at any time, and no one can predict where they will go.

FEATURED PROGRAM: PHYSICIAN & MEDICAL PROFESSIONAL LOAN We now have access to a specialized loan program designed for medical professionals — offering high-balance financing with reduced down payment requirements and no monthly mortgage insurance on qualifying loans. Key Program Features & Benefits Up to 100% Financing (Zero Down Payment): up to $1,500,000 with a minimum 680 credit score, or up to $2,000,000 with a minimum 720 credit score.

Flexible High-Balance Options: 95% LTV/CLTV available on loan amounts up to $2,000,000 with a minimum 680 credit score.

No Private Mortgage Insurance (PMI): higher financing limits without the added monthly cost of mortgage insurance.

Flexible DTI Ratios: up to 50% DTI on 20- and 30-year fixed terms (680+ credit score); up to 45% across other eligible tiers and ARM products.

Fixed & Adjustable Rate Options: 15-, 20-, 25-, and 30-year fixed terms, or 5/6, 7/6, and 10/6 SOFR ARMs.

Who Qualifies? Open to active professionals holding any of the following degrees or designations:

• Medical Doctor (MD) & Doctor of Osteopathy (DO)

• Doctor of Dental Science/Surgery (DDS) & Doctor of Dental Medicine (DMD)

• Doctor of Ophthalmology & Doctor of Psychiatry (MD or DO)

• Doctor of Pharmacy (PharmD)

• Doctor of Veterinary Medicine (DVM or VMD)

• Doctor of Podiatric Medicine (DPM)

• Certified Registered Nurse Anesthetist (CRNA with DNAP or DNP)

• Doctor of Optometry (OD)

• Medical Residents, Fellows, and Interns holding an eligible medical degree

• Registered Nurse (RN)

• Nurse Anesthetist (CRNA)

• Clinical Nurse Specialist (CNS)

• Chiropractor (DC)

• Doctor of Veterinary Medicine (DVM or VMD)

• Doctor of Podiatric Medicine (DPM)

Property & Transaction Details Transaction Types:

» Primary Residence (owner-occupied) purchase and rate & term refinance.

» 1-unit single-family homes, Fannie Mae warrantable condominiums, PUDs, and modular homes.

Minimum Loan Amounts:

• $100,000 for fixed-rate loans; $350,000 for ARMs.

If you are curious to see how you can use the current market conditions to your benefit, please reach out for a free consultation. Stay tuned here for future updates and feel free to reach out for a free consultation if you want to understand more about interest rates and mortgage products.

Program terms vary by lender, profession, property, loan size, occupancy, credit, and reserves, and can change without notice. Physician loan rates may be higher than on a conventional loan with PMI. This is not a rate quote. All loans are subject to credit approval and underwriting. This is not a commitment to lend. Equal Housing Opportunity.

As always, your mortgage guy,

Viral (Vic) Joshi

Home of Real Mortgage Advice®

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