Are you a college graduate in the state of Arizona looking to secure a home loan with a Low Down Payment and NO Mortgage Insurance? The NOVA “Yes” Professional Loan may be a great option to consider. This exclusive mortgage program has been created to serve the needs of Doctors and other Professionals by offering up to 95% financing with no Mortgage Insurance on loan amounts between $250,000 and $1,750,000.
HERE ARE SOME IDEAS:
- If you need access to your home equity, this loan can be used to REFINANCE and cash-out up to 90% of your home’s value up to $1,500,000 loan amount. Many other loans limit the amount of cash out you can receive, but there is no limit to the cash-out proceeds (can be the full $1.5MM). If you own your home free and clear, or if the value is high enough, you could use this loan to get $1,500,000 deposited into your bank account.
- If you are buying a house to live in as your primary residence, you could buy a $1,000,000 home with only $50,000 down. Wow!
- Need more money? You could buy a primary residence up to around $2,000,000 with only $300,000 down.
- You could buy a vacation home (remember it needs to be located in Arizona) with only 10% down. That’s only $150,000 down payment on a $1.5MM house!
- NO Mortgage Insurance
- Available in the State of Arizona Only
- Primary Residence (Purchase or Rate/Term Refinance) up to 95% LTV up to $1,000,000, 90% LTV up to $1,500,000 or 85% LTV up to $1,750,000
- Primary Residence (Cash-Out Refinance): 90% LTV up to $1,500,000
- Second Home (Purchase or Rate/Term Refinance) up to 90% up to $1,500,000
- Minimum FICO 680
- Fixed 30 or 15 year terms
- ARM (5/1)
ELIGIBLE BORROWERS INCLUDE THE FOLLOWING
- Any qualifying borrower with a four-year college or university degree
Contact our team today to see if you qualify for this great program!