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, locking in a rate and exploring specialized loan programs — rather than waiting on the sidelines — may be the more strategic move for qualified borrowers.
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. 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.
Competitive Fixed & Adjustable Rates: 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.
As always, your mortgage guy,
Viral (Vic) Joshi
Home of Real Mortgage Advice®