DOCTOR LOAN

Disclaimer

1- Membership eligibility required. Underwriting requirements apply (Valid only on single family owner occupied property). Rates posted are estimates only and are subject to change without notice. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. The quotes are based on a specific loan amount for the purchase of a single family primary residence. 10, 15, 20, and 30 Year Fixed Rate loan payments are based on a loan amount of $150,000.00. Receipt of application does not represent an approval for financing or interest rate guarantee. Applicant subject to credit, acceptable appraisal, title, and underwriting approval. Not all applicants will be approved. Doctor Loan Program is not available in all states for all amounts. Other restrictions and limitations apply. For more information, email info@togethercu.org. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.


2- 100% financing means that the Credit Union will provide you up to 100% of the loan you are applying for OR essentially putting ZERO down payment towards the home.


3- Private Mortgage Insurance, or PMI, is a monthly fee to homeowners who do not possess at least 20% equity in their home (you have paid in at least 20% of the house value). However, we waive this fee entirely, saving years of monthly payments and thousands of dollars. Valid only on single family, 1-4 story condo and townhome unit owner-occupied properties. Maximum 97% LTV for condo as well; all loans require escrow for property taxes, homeowners insurance, and flood insurance, if applicable.