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My name is Larry Wise and I work for Bank of America. Each year around this time I assist many medical students from all over the country going into their residency get into their first home with a special mortgage program for Doctors. Please see below.
Bank of America Mortgage
Larry Wise
Officer
(336) 721-4077, Direct
(336) 462-0467, Cell
Email: larry.d.wise_ii@bankofamerica.com
100% Medical Doctor Loan with NO PMI!
Our No Money Down, No Mortgage Insurance Medical Doctor Loan provides the following benefits:
·100% financing available on purchase transactions (up to $650,000); exceptions to $750,000 may be possible with very strong credit and asset positions.
·No mortgage insurance required.
·Available products include 15-year fixed, and 5/1 and 7/1 Adjustable Rate Mortgages (ARMs). 30-year amortization available on all ARMs.
·Qualifying debt ratios of 33%/38% (720 credit score) plus new exception qualifying process for credit scores less than 720. 700 credit score OK for those with student loans.
·Reduced income and asset verification; gift allowed for closing costs & reserves.
·Eligible states include AR, AZ, CA, CN, FL, GA, ID, IL, IO, KS, MA, MD, ME, MO, NC, NH, NJ, NM, NY, NV, OK, OR, PA, RI, SC, TN, TX, VA, WA and Washington, D.C.
·In addition to physicians, oral and maxillofacial dental surgeons are also eligible for this program!
·Establish banking relationship with Bank of America – 2 free checking accounts (checks, bill-pay, no service charges), free safe deposit box, cashier/traveler checks, and preferred loan (including credit cards) and savings rates.
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Posted by: ldw21 on Monday, March 21, 2005 - 07:32 AM |
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Related links 
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Author
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Comments
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ldw21
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Date joined:
Mar 18, 2005
Posts:
6
School:
N/A
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Posted:
May 23, 2007 - 21:49
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Just wanted to update everyone on the new enhancements to Bank of America's No Money Down Doctor Loan. Loan amounts are available up to $1,000,000. New terms include 3 and 10 Year ARMS, 30 Year Fixed, fully amortized with principle and interest. All terms are also available as Interest Only. Please contact me with any questions you may have.
Appreciatively,
Larry Wise
Assistant Vice President
Physician Loan Specialist
Senior Mortgage Loan Officer
Bank of America
(336) 721-4077 Direct
(336) 462-0467 Cell
larry.d.wise_ii@bankofamerica.com
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kbrown
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Date joined:
Mar 28, 2007
Posts:
1
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Posted:
Mar 28, 2007 - 14:25
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My Name is Kevin Brown and I have a great amount of experince working with Physicians and getting them into homes.
100% Finanacing
1 loan
No PMI
Every Type of Loan
30 year Fixed Included
Email me at kbrown@greenleafhomeloans.com
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ldw21
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Date joined:
Mar 18, 2005
Posts:
6
School:
N/A
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Posted:
Mar 16, 2007 - 08:57
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Match Day 2007 is now behind us! Just wanted to let everyone know that the Doctor Loan Program is still available and there are actually some enhancements coming in April. I look forward to assisting with your home purchase! Thanks.
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ldw21
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Date joined:
Mar 18, 2005
Posts:
6
School:
N/A
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Posted:
Feb 03, 2006 - 14:21
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It is that time again! Match day 2006 will be here before you know it. Good luck to everyone on getting your first choice. It is never too soon to ask questions about a mortgage if you are considering buying. Bounce them off of me, I'm ready. Best Wishes.
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ldw21
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Date joined:
Mar 18, 2005
Posts:
6
School:
N/A
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Posted:
Jul 21, 2005 - 07:02
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Thanks to everyone who helped get the word out about Bank of America's No Money Down Doctor Loan. I have been able to help so many residents and practicing physicians purchase a home this year. To date, my info page on this website has gotten over 1350 views. I truly appreciate all of the people that allowed me to assist them with their home purchase! And thanks to MSC for allowing me to post here.
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ldw21
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Date joined:
Mar 18, 2005
Posts:
6
School:
N/A
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Posted:
Mar 28, 2005 - 10:20
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Sorry about that! Most Residents choose the 5 year adjustable option since the residency will only last 4 years and then on to the next stage and the next move (sell house and buy next one when you finish residency). The rate is currently in the low to mid 5 percent range, but rates are pretty volatile now that the economy is looking better. The interest rate is fixed for those first 5 years and then becomes adjustable for the remaining 25 years.
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hotice130
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Date joined:
Dec 10, 2004
Posts:
401
School:
JUST
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Posted:
Mar 26, 2005 - 02:08
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it should decrease 
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JLO
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Date joined:
Nov 22, 2003
Posts:
121
School:
UC Davis
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Posted:
Mar 25, 2005 - 10:50
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but what's the interest rate on a loan? do you think it will increase or decrease over time?
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ldw21
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Date joined:
Mar 18, 2005
Posts:
6
School:
N/A
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Posted:
Mar 25, 2005 - 07:23
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JLO, We are currently experiencing about 5-10 calls a day from Residents all over the U.S. This time of year is always busy for us, but we feel that it is important to make sure we continue to get the word out. Homeownership is an important part of financial stability and the benefits of owning a home far outway renting. Good luck in school and thanks for the comments! Take care.
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JLO
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Date joined:
Nov 22, 2003
Posts:
121
School:
UC Davis
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Posted:
Mar 24, 2005 - 19:57
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thanks larry for this invite. i'll be sure to keep you in mind after i finish med school...what's the interest on these kind of loans by the way?
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Admin
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Date joined:
Mar 17, 2003
Posts:
1240
School:
Graduated
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Posted:
Mar 21, 2005 - 07:33
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This is an automatic thread created to discuss an aritcle, review, or quiz. Use this thread to begin discussion for this this article . Enjoy.
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