Doctor Mortgage Alliance, the national real estate referral firm that specializes in finding real estate loans for today's professionals, announced this afternoon the extension of its services in the areas of Florida, Georgia, Alabama, Texas, Arizona, Colorado, and New Mexico.
Jacksonville, FL (PRWEB) July 14, 2009 -- Doctor Mortgage Alliance, the national real estate referral firm that specializes in finding real estate loans for today's professionals, announced this afternoon the extension of its services in the areas of Florida, Georgia, Alabama, Texas, Arizona, Colorado, and New Mexico. This unique service promises to match Resident and Practicing Physicians, Doctors, Dentists, Attorneys, CPA's and top-level Executives with specially tailored mortgages and rates. In addition, they have added a new mortgage program tailored to meet the growing needs and truly assist the "first-time homebuyer" with the lowest down payment, and most flexible qualifying. Both programs are similar due to No Mortgage Insurance being required as well as 0% - 5% down payment allowed. This is huge and unmatched in the mortgage industry today.
Surprisingly, amid all of the reports of the real estate crisis, little has been made clear about these loans - commonly referred to as Physician Mortgages. In fact many medical professionals are unaware that these specific programs exist - Doctor Mortgage Alliance aims to make available all of the flexible programs that only a few lenders now offer to those with certified high incomes and earning potential. While these mortgages are restricted to the purchase of owner-occupied homes or refinancing of an existing owner-occupied or vacation home, the prerequisites necessary to qualify for these loans is fairly open. In fact all types of Resident and Practicing Physicians, Doctors, Attorneys, CPA's and top-level Executives of publicly traded companies should be pre-qualified for the program.
According to Tom R. Callahan, Senior Mortgage Banking Officer at BBVA-Compass, their institution is among the few lenders that have not been exposed to the sub-prime crisis that affects so many banks today. They have not participated in the taking of "TARP Funds" and have therefore been able to retain the creative portfolio mortgage products mentioned in this article.
Another creative mortgage program is their "Community Reinvestment Act" mortgage that is specifically designed to revitalize the real estate market and provide an extra incentive to what typically is referred to as a "first-time homebuyer". The extra incentive available is the waiver of what is known as Mortgage Insurance along with many flexible qualifying standards and little down payment. Having No Mortgage Insurance can save the borrower thousands of dollars while making the monthly payment lower.
The company website is a reliable source that is user-friendly and offers the qualified clients the information they need in order to pursue these particular mortgages. Researching the site certainly provides a much-needed ray of sunshine in an industry that continues to struggle. For more information, visit www.doctormortgagealliance.com.
About Doctor Mortgage Alliance: Doctor Mortgage Alliance is a free, no obligation service that is committed to bringing Doctors, Physicians, Dentists, Attorneys, CPA's, top-level Executives and first-time buyer's specialized loan programs to aid in the purchase of a new home. Partnered with only the best national lenders, they provide their services in Florida, Georgia, Alabama, Texas, Arizona, Colorado, and New Mexico.
You are encouraged to check out and apply at Doctor Mortgage Alliance today.
Read the full story at http://www.prweb.com/releases/2009/07/prweb2631394.htm.
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