Home Buying in Tillamook>Question Details

Brad, Home Seller in Oregon

Do lenders offer the Physician Loan for Oregon home purchases (100%, no PMI).?

Asked by Brad, Oregon Sun Nov 8, 2009

BofA stopped offering this loan and the other well known banks are notin the State. Any thoughts or ideas? I already have a house in mind and am negotiating with the bank (REO). We have great credit and a solid career in medicine. Thank you!

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2
Bank of America is bringing the program back. The max LTV has not yet been disclosed though.

Mark DeWitt
Bank of America Home Loans
San Diego, Ca.
858-212-7054
Mark.DeWitt@bankofamerica.com
0 votes Thank Flag Link Fri Feb 12, 2010
To the best of my knowledge, the Physician Loan is a Bank of America portfolio product. What that means is, only Bank of America offered a 100% financing program for doctors, and they kept and services the loan themselves. If BofA stopped offering the product, then the 100$ Physician Loan is no longer available. You will have to look for other loan products that will best meet your needs.
0 votes Thank Flag Link Mon Nov 9, 2009
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