Get this opportunity for new professionals in their first five years.
Are you a new professional looking to buy your first home? There’s an exciting new loan program waiting for you! This program offers 100% financing and no private mortgage insurance for recent graduates with a master’s degree or higher.
So, what is the New Professionals Program exactly? The New Professionals Program is available to anyone within the first five years of their career, working in a job that requires a master’s degree or higher. This includes CPAs, IT managers, doctors, nurse practitioners, and various other roles in the medical field.
As long as they have a master’s degree or higher, they qualify.
The program offers 100% financing, which means no down payment is required. Additionally, there’s no PMI (private mortgage insurance), and all of this is available at the market interest rate.
“Talk to your agent to determine how much you might need to offer above the asking price.”
With 100% financing and no PMI, that will save a lot of money. Take note that the minimum credit score required for this program is 680.
If you’re wondering what types of properties are eligible for this program, single-family homes, owner-occupied duplexes, and even new construction lending are all eligible.
If you’re interested in applying for this program, you can start by contacting Tim Lammers at Waukesha State Bank, at (414) 803-3773.
If you have any questions about the real estate market or this new program, don’t hesitate to give us a call here.
