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Charlotte NC| A Mortgage Loan For Doctors- And Mortgage Money For All

November 20th, 2008 Listed Under: Mortgage Loans

the money house-money to lend in charlotte nc A No Money Down Mortgage Loan For Doctors? In a word, Yes

and you don’t need to be Doctor to get a home loan in Charlotte: there is home mortgage money for your home purchase in Charlotte, NC.

Charlotte, NC    Our strategic lending partner, Bank of America, has a program specifically designed for Doctors that reflects the bank’s commitment to our health providers and the stability of their profession. (Their jobs can NOT be out-sourced!) The no money down physician program is for primary residences- for Doctors relocating or moving to Charlotte, NC.

The devil is always in the details, but there is a lot to love in these details, and lots to love about Bank of America:

Up to 100% financing available
Loans Up to $1,000,000
No Private Mortgage Insurance
Fixed and adjustable rate mortgages available
Gift funds allowed for closing costs and reserves
Do not include student loans in DTI ratios- Debt to Income ratios- for qualifying

And remember, this is Not a loan offer, those only come from Bank Of America, once they have reviewed your credit and all terms you seek. I’m sure with no money down they require above average credit as well. But they like these loans and worked hard to put together competitive rates.

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Doctor or not, there is money to lend in Charlotte, NC.

I’ve spoken to several real estate agents in the past few days about lending issues… They agreed, we are getting loans done. There were few surprising turndowns- folks with 5% and trying to borrow BIG (1.5M) but most homes, most loans are still being done, just asking for a bit more down for the best terms. I asked my informed 25 year old son about buying- and he told me there wasn’t any money for mortgages in Raleigh… I think that too is misperception. Spread the word- there is money for houses in the Carolinas! So here are a few loans- loans for all:

3% FHA Loans – we can do this loan all day. Loan limit is $303,000, and may be reduced in the not too distant future. Our old DPA-Down payment Assistance Program- is out for now, may be revived. Average credit required.

VA- No money Down- to $417K Conforming Loans? Same $417K. Jumbo, still some at higher rates.

$7500 first Time Home Buyer Tax Credit- CREDIT- if you are thinking rent or buy, A $7500 REFUND on your taxes may tip the scale.

If you are considering a move or investing in Charlotte, deals have never been better or sweeter. Not in recent memory.

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Moving to Charlotte?  Your first Charlotte home?

Have a home buying or home selling questions? I am a Charlotte real estate broker specializing in relocations, 2nd homes–buying and selling real estate of all kinds- and will represent only you.  We work with Buyers and Sellers every day in Myers Park, Southpark, Matthews and Huntersville, Lake Norman, Waxhaw and Lake Wylie too. My team and I know the homes, the communities, and the new home builders. We know what’s hot, what’s not and where the deals are.  I think as you read my posts you’ll see that we understand home buyer needs, from a first time home owner to a luxury home purchaser.

If you still haven’t figured out where you might want to live in Charlotte, you may compare area Charlotte home prices and communities,  from our MLS based home search below. If you havenb’t already, try my  my fact-filled and well received Introduction to Charlotte NC Video (over 9000 You Tube views) and don’t miss the FAQ videos-answering the Big Question- Where to live in Charlote, or where to look for a luxury home in Charlotte? (in the right column just under the Introduction to Charlotte Video Screen)

If it’s between the hours of 8 AM to 8 PM, EDT, please don’ t hesitate to call me direct at 704-351-1519. Terry

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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified