Bridging Healthcare & Homeownership with Custom Loan Solutions
Luminate Home Loans in Colorado proudly offers an exclusive mortgage solution tailored for medical professionals. This unique program features an adjustable rate and is structured as a fully amortizing, primary lien mortgage. Remarkably, prospective borrowers can leverage their upcoming income from an existing contract, and outstanding student loans won't adversely impact your debt-to-income ratios.
Key Benefits of the Program
As you dedicate your life to caring for others, we're here to support you in achieving your dream of homeownership. Below are the key benefits of our exclusive mortgage plan, crafted to help you navigate the home-buying process with ease and confidence.
Minimal Down Payment
Secure your home with just a 5% down payment, subject to eligibility.
Residential Requirement
The property in question must be your primary residence. Eligible properties include single-family homes, warrantable condominiums, or Planned Unit Developments (PUDs).
Flexible Funding Sources
Your down payment can be sourced from a variety of options including employer contributions, business assets, or even grant funds from recognized agencies.
Credit Requirements
A minimum credit score of 700 is required to qualify.
READY TO GET STARTED?
If you think you or someone you know would benefit from this program, get in touch with us to learn more!
Who is Eligible?
At Luminate Home Loans, we are not just about providing loans; we are about building relationships and supporting the dreams of those who dedicate their lives to the noble field of medicine. Here's who qualifies:
Licensing Criteria
At least one occupant must possess a valid license in one of the following medical fields:
- Medical Resident with an Educational License
- Medical Doctor (MD)
- Doctor of Dental Surgery (DDS)
- Doctor of Dental Medicine (DMD)
- Doctor of Optometry (OD)
- Doctor of Ophthalmology (MD)
- Doctor of Podiatric Medicine (DPM)
- Doctor of Osteopathy (DO)
Additional Requirements
Eligible borrowers must meet these criteria:
- Completion of medical residency within the past decade, or currently in a medical residency, fellowship, or internship.
- Actively practicing in the qualified medical field.
- For purchasing transactions, all residing borrowers should be first-time homebuyers (no home ownership in the last three years), except in specific circumstances such as job relocation or legal displacement due to divorce.
With our specialized mortgage program for medical professionals, your path to owning a home is clearer and more attainable than ever. Reach out to us today to start turning your homeownership aspirations into reality, and let us be a part of your success story.
Let’s Talk
Ready to embark on your path to homeownership with the Luminate Home Loans Westminster, Colorado Team? Let's get started! Contact us today and discover a world of possibilities for your new home.
