Flagstar Bank
Program Details
Loan Purpose
Purchase
Refinance
Loan Types
5/6 ARM
7/6 ARM
10/6 ARM
Property Types
Single-family homes
Condos
Co-ops
PUDs
Key Benefits
Up to 100% financing with no PMI
Can be paired with seller concessions for minimal out-of-pocket costs
Relationship pricing for Private Client members
Future income accepted — close up to 90 days before start date
Self-employed borrowers allowed
IBR student loan payments accepted
Loan recast available
Keep researching physician mortgages
Terms
Terms are 5, 7, and 10 year arms amortized for a 30 year term
Loan amount up to $10MM
Primary, Second home, and investment property eligible
Ability to close in an LLC
Strengths
Our purchase and refinance strengths are the same we can finance up to 100% of the value and or price of the property without mortgage insurance
Disclaimers
Program terms, availability, and pricing vary by borrower profile and state.
All loans are subject to full underwriting approval.
Product offerings and features may change without notice.
Not all applicants will qualify.
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
AK
AL
AR
AZ
CA
CO
CT
DE
FL
GA
HI
IA
ID
IL
IN
KS
LA
MA
MD
ME
MI
MN
MO
MS
NC
ND
NE
NH
NJ
NM
NV
NY
OK
OR
PA
RI
SC
SD
TN
TX
UT
VA
VT
WA
WI
WV
WY
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