If you are a physician or eligible professional in the Dallas area and are in the market to purchase a home or refinance an existing mortgage, your friends at BBVA Compass have tailored a special program called The Professional Program, which offers competitive rates and 95% mortgage financing for physicians/doctors in the Dallas area. (Program guidelines changed from 100% to 95% max financing as of 6/14/2011).
This program is only offered at BBVA Compass and is a unique opportunity for qualified Dallas area doctors/physicians and eligible professionals to obtain 95% mortgage financing on a home purchase.
Program highlights of the Professional Program for physicians (Program rules are subject to change at any time without notice):
- 95% mortgage financing up to one million dollars for primary residences.
- NO PMI (private mortgage insurance) required!
- Eligible properties inclue Single Family Residences, Town Homes, Lofts and Condominiums.
- Student loan payments are NOT included in the debt-to-income ratio calculation if they are deferred for at least 12 months.
- Expansion of loan-to-value ratios for physicians that want to refinance an existing mortgage.
- BBVA Compass offers a free investment and insurance review with a wealth management professional.
Doctors/Physicians Eligible for the 95% Mortgage Financing Program include:
- Resident or practicing physicians.
- Oral surgeons
Other Eligible Professions include:
- Attorneys
- Certified Public Accountants
Is the BBVA Compass Professional Program available in other areas besides Dallas?
YES! BBVA Compass offers this program in seven states:
- Texas
- New Mexico
- Arizona
- California
- Colorado
- Florida
- Alabama
The first step in the homebuying process should always be mortgage pre-approval. BBVA Compass makes pre-approval fast and easy. Their automated approval system allows for quick and streamlined loan pre-approvals with no application fee.
To consult with a BBVA Compass loan professional about this program, please call Cari Marks at (972) 705-4408. Or you can email her directly at cari.marks@bbvacompass.com
DISCLAIMER: I have no affiliation with BBVA Compass and am only providing this information as a service to doctors/physicians and other professionals that may benefit. If you are a Dallas area physician in the market to purchase a home, please call me today at (972) 978-3553 or email me at johnjonesrealtor@gmail.com .
John Jones, Realtor(R)
JR Premier Properties
18170 Dallas Parkway, Suite 303
Dallas, TX 75287
Dallas, TX Real Estate and surrounding areas of Richardson, Plano, Addison, Frisco, Carrollton, Farmers Branch, Garland, Allen and Irving.
Dallas, TX neighborhoods and subdivisions of Lake Highlands, White Rock Lake, Lochwood, Eastwood, L Streets, M Streets, Hollywood Heights, Lakewood, Coronado and Gastonwood, Forest Hills, Preston Hollow.
Copyright 2008,2009, 2010 and 2011 by John Jones, All Rights Reserved. You may reblog or republish with links back to this post.
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