Investor · San Diego, CA · Member since 2013 · 52 posts · 44 votes
Hi BP Community,
I recently heard about professional mortgages that offer low down payments, no PMI, higher LTV ratios, etc. for those of us with professional designations.
A quick google search landed me on BBVA Compass. Has anyone had any experience with this lender or know of any others that offer such a mortgage?
I am curious to know if these mortgages are legitimate and worth looking into. Any help would be greatly appreciated!
Rental Property Investor · Honolulu, HAWAII (HI) · Member since 2011 · 4k+ posts · 2k+ votes
8y
I don’t think this is really a discount. Seems like a scam to me to trick people.
Loans if it’s a Fannie Mae or Freddie backed are the same weather you are an ex convict, dentist, doctor, or mother Teresa.
Jupiter, FL · Member since 2017 · 13 posts · 2 votes
6y
I was able to get a doctors loan 0% down no PMI and 30 year fixed 4.1%. Just paid closing costs. I used Regions Bank and I don't have a W2, I have a corporation with less than 1 year history and was approved. Good luck if your still searching.