Jumbo Mortgages - Special Program
For New Medical Doctors

Note, this program is for new Medical Doctors. For more comprehensive Jumbo options, see our Jumbo Mortgage Guide.

This program serves the special needs of newly-licensed and resident medical doctors and dentists.

 

Within the profession, significant amounts of student loan debt are common, and employment earnings can vary wildly from residency to full practice.

 

As you anticipate more income and start to look at homes with higher sales prices, you may find yourself looking at loan amounts that exceed conforming loan limits and require more specialized financing.

 

All of these issues can make for a complex home buying experience.

 

We offer a broad range of products. Some of the features on our Jumbo MD program include -

  • Loans amounts up to $850,000 with just 5% down!

  • Loan amounts up to $1,500,000 with just 10% down!

  • Student loans that are deferred for more than one year are not counted as part of your debt-to-income ratio

  • No PMI (Private Mortgage Insurance). Rate is slightly bumped for no PMI.

  • Income from a new job can be used for qualification if you are scheduled to begin that job within 60 days 
     

If your primary obstacle is obtaining financing before you've started a new position for which you're already under contract, we have several other options (within both Conforming and Jumbo loan sizes) that may help.

We take time to learn about your needs and circumstances in order to connect you with the right loan - for your situation – with the right rate that fits with your overall financial goals.

What Else Should I Know?

The complexities of your situation can bring some extra challenges that can extend the timeline for closing. This can make it difficult to compete with other buyers in a very competitive market. 

Our VIP FasTrak program can help you overcome these challenges and gain a distinct competitive edge, get significant head start, close considerably faster, and offer more assurance, confidence, and reliability to the seller.

What Other Jumbo Loan Options Might Help?

If you want to explore other Jumbo options beyond the Jumbo MD program, check out our Guide to Jumbo Mortgages in WI

Thanks for the Info. What's My Next Step?

If you're targeting a home purchase within the next three months, the clock is already ticking! Please fill out the information at Get Started Online, and we'll get in touch as soon as possible.

If you're targeting a home purchase beyond three months from now, use the contact form below to get in touch.

I'm beyond three months away from my home purchase, but please call me to help plan and prepare!

I'm outside WI but appreciate your info! Please put me in touch with a colleague to serves my area!

Greg Schliesmann
Branch Manager, NMLS# 234288
Cherry Creek Mortgage Co., Inc

Greg Schliesmann
Branch Manager, NMLS# 234288
Cherry Creek Mortgage Co., Inc

1033 N Mayfair Rd, Suite 100
Wauwatosa, WI 53226

Tel: 414-617-1756

1033 N Mayfair Rd, Suite 100
Wauwatosa, WI 53226

Tel: 414-617-1756

Free Access to Greg's Valuable Video Series

Five Strategies to Stand Out from Homebuyer Competition and Get Your Offer Accepted!

Free Access to Greg's Valuable Video Series

Five Strategies to Stand Out from Homebuyer Competition and Get Your Offer Accepted!


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Copyright ©2018 Cherry Creek Mortgage Company & Greg Schliesmann for CCMC, Inc.

Cherry Creek Mortgage Co., Inc. NMLS #3001. All Rights Reserved. Some loan products may not be available in all states. Terms, rates, and fees subject to change. Please speak with one of our loan originators for more detail.