Huntington Bank
Program Details
Eligible Professions
MD
DO
DDS
DMD
DVM
Occupancy
Primary residence
Second (secondary) homes allowed
Purchase and refinance transactions allowed
Income & Employment
Proof of sufficient income required, or
Active employment contract with proof of sufficient income and required reserves
Terms
Financing Tiers
100% financing up to $1,000,000
95% financing up to $1,750,000
89.99% financing up to $2,500,000
Loan Limits
Maximum overall loan amount: $2,500,000
Maximum cash-out refinance: $250,000
Additional Terms
Loan-to-value options vary based on borrower FICO score
Minimum reserve requirements apply and vary by loan amount
Gift funds are allowed
No private mortgage insurance (PMI)
Strengths
High loan limits with low down payment options
No PMI required
Gift funds permitted
Flexible qualification using employment contracts
Supports both purchase and refinance of a primary residence
Disclaimers
Program availability, rates, and terms are subject to change
All loans are subject to application and credit approval
Satisfactory appraisal and title insurance required
Reserve requirements and financing terms depend on loan size and borrower profile
Not all borrowers will qualify for maximum financing
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
TN
MN
WI
