Alliant Credit Union
Program Details
Availability
Available in all U.S. states Excluding Maryland
Eligible Professions
MD, DO
DDS, DMD
Residents, Fellows
DVM
DPM
Eligible Borrowers
U.S. Citizens
Permanent Resident Aliens
Non-Permanent Resident Aliens
Foreign Nationals
Eligible Property Types
Single-family homes
Condos (warrantable and non-warrantable)
Two-family owner-occupied residences
Occupancy Options
Primary residences
Second homes (up to 90% financing)
Construction financing (up to 90% in AZ, CO, IL, IN, MI, NC, SC, WI)
Income & Student Loans
Deferred student loans (12+ months) may be excluded from DTI
Income-based repayment may be used if not deferred
Future-dated employment allowed (up to 90 days before start date)
Terms
No PMI
Minimum FICO is 700 for loan sizes up to $832,750
Minimum FICO is 720 for loan sizes over $832,751
Maximum DTI: 45%
100% financing up to $1,250,000
95% financing up to $1,500,000
90% financing up to $2,000,000
No limit on time since completion of training
Conforming & non-conforming loans
Fixed & adjustable rate options
30- & 15-year fixed
5/6, 7/6, 10/6 ARMs
Strengths
No PMI at any LTV tier
High loan limits with low or no down payment
Very flexible student loan underwriting
No training lookback limit
Warrantable and non-warrantable condos allowed
Supports residents, fellows, and established physicians
Construction and second home options available
Disclaimers
Rates, terms, and conditions are subject to change.
The 5/6, 7/6, and 10/6 ARMs offer a fixed interest rate for the initial period, then convert to a 6-month adjustable rate mortgage.
After the fixed period, the interest rate and monthly payment may adjust bi-annually based on:
The 30-day average Secured Overnight Funding Rate (SOFR)
Plus a 2.75% margin
With a 5% lifetime rate cap
Rates may vary based on risk factors including, but not limited to:
Loan-to-value (LTV)
Credit score
Debt-to-income ratio (DTI)
Mortgages are available in all states except Maryland.
Loan approval, interest rate, and required down payment are based on:
Creditworthiness
Amount financed
Ability to repay
All loans are subject to credit and collateral approval.
Eligible Degrees
DC
OMS
DDS/DMD
Fellow
Intern
MD/DO
CRNA
NP
OTD/MOT
OD
PharmD
DPT
PA
DPM
RN
Resident
DVM
= Eligible
= Not Eligible
Approved States
AL
AK
AR
GA
ID
IL
IN
IA
KS
MA
HI
LA
FL
KY
CA
CO
CT
DC
DE
WY
WV
WI
WA
VT
VA
UT
TX
TN
SD
RI
PA
SC
OR
OK
OH
NV
NY
NM
NJ
NH
NE
ND
NC
MT
MS
MO
MN
MI
ME
AZ
