No Down Payment Required
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Government Shutdown Assistance
Qualified Medical Professionals Could
Qualified Medical Professionals Could
Become Homeowners For No Money Down
Become Homeowners For No Money Down
No down payment?
You could still achieve your homeownership goals.
No down payment?
You could still achieve your homeownership goals.
When it’s your job to help others, who’s helping you in return? Wintrust Mortgage is offering the Wintrust Physician Mortgage program.1 This could make it easier for eligible medical professionals with a minimum 740 credit score to become homeowners with no minimum investment required.
You could become a homeowner for no money down on loans up to $850,000 for a single-family residence.
No Down Payment Required
You could become a homeowner for no money down on loans up to $850,000 for a single-family residence.
Available To A Wide Range Of Medical Professionals
The program is available to MD, DO, DPM, DDS, and DMD degree-holders, pharmacists, chiropractors, veterinarians, doctors completing fellowships, and doctors who have less than 6 months of residency remaining.
Available To A Wide Range Of Medical Professionals
The program is available to MD, DO, DPM, DDS, and DMD degree-holders, pharmacists, chiropractors, veterinarians, doctors completing fellowships, and doctors who have less than 6 months of residency remaining.
Extensive Property Eligibility
Single-family homes, condos, planned-unit developments (PUD), and 2-unit properties in AZ, CA, FL, IA, IL, IN, MI, MN, MT, ND, NC, or WI are eligible. Property must be a primary residence purchase or rate-term refinance.
Extensive Property Eligibility
Single-family homes, condos, planned-unit developments (PUD), and 2-unit properties in AZ, CA, FL, IA, IL, IN, MI, MN, MT, ND, NC, or WI are eligible. Property must be a primary residence purchase or rate-term refinance.
Restrictions Apply
Available with adjustable-rate mortgages2 (ARMs) only. Homebuyer education course required for zero-down payment loans. Two-month principal, interest, taxes, insurance, and association dues (PITIA) required for the zero-down payment $850,000 loan. Gift funds cannot be used for reserves. Lender-paid mortgage insurance required.3
Restrictions Apply
Available with adjustable-rate mortgages2 (ARMs) only. Homebuyer education course required for zero-down payment loans. Two-month principal, interest, taxes, insurance, and association dues (PITIA) required for the zero-down payment $850,000 loan. Gift funds cannot be used for reserves. Lender-paid mortgage insurance required.3
1. Underwriting. All approvals are subject to underwriting guidelines. Programs, rates, terms, and conditions are subject to change at any time and without notice. Restrictions apply depending on program selected.
2. ARM. Adjustable Rate Mortgage (ARM) Interest rate is variable and subject to increase after settlement; Annual Percentage Rate (APR) may increase in the future.
3. Lender-Paid Mortgage Insurance. Lender-Paid Mortgage Insurance (LPMI) differs from borrower-paid mortgage insurance (BPMI) because it cannot be cancelled by the borrower or automatically terminated. It usually results in a higher interest rate compared to BPMI. This may affect your monthly payments and the total interest paid over the life of the loan. LPMI may be tax-deductible for federal income taxes if the borrower itemizes expenses for that purpose. Please consult with a tax advisor. LPMI terminates only when the mortgage is refinanced, paid off, or otherwise terminated. At the termination date applicable to BPMI, you may wish to review your financing options to potentially eliminate the requirement for LPMI. For more detailed information, please contact your loan officer who can provide personalized guidance based on your financial situation.
