Green State Mortgage
Program Details
Green State Mortgage offers a medical professional mortgage program designed for borrowers seeking high loan limits, low down payment options, and flexible underwriting. The program supports early-career physicians, self-employed professionals, and borrowers with complex income profiles.
Terms
Financing Options
0% down up to $1,000,000
5% down from $1,000,000 to $1,750,000
10% down from $1,750,000 to $2,500,000
Property Types
1–2 unit properties
Condos
Townhouses
Planned Unit Developments
Modular homes
Non-warrantable condos up to 90%
Loan Products
Fixed rates
Adjustable rates (7-year ARM, 10-year ARM, 15-year ARM)
Program Features
No PMI
No prepayment penalty
No time restriction between employment start date and closing for W2 borrowers (with sufficient reserves)
60 days prior to start date allowed for 1099 positions
Strengths
No time restriction on employment start date for W2 borrowers with reserves
Allows business assets and gift funds for down payment, closing costs, and reserves
Debt-to-income ratios up to 50%
No 2-year history required for physicians hired as contractors or 1099 employees
Available nationwide (except California)
2-unit properties eligible
Flexibility for newly self-employed borrowers
Disclaimers
Green State Mortgage is a division of Green State Credit Union.
All loans are subject to credit approval and underwriting guidelines.
Program terms and availability are subject to change.
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
CO
CT
GA
IL
IN
IA
KY
MA
MI
MN
MO
NE
NH
NJ
NC
ND
OH
PA
SD
TN
TX
WV
WI
BANKER
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