Guild Mortgage Launches New Mortgage Program for Healthcare Professionals to Help Physicians Buy Their First Home | Business
SAN DIEGO – (BUSINESS WIRE) – October 26, 2021–
Guild Mortgage (NYSE: GHLD), a rapidly growing mortgage company that has created and managed residential loans since 1960, introduced a new mortgage option designed to make it easier for healthcare professionals to buy their first home.
Under the Guild program, qualified healthcare professionals, including those who have just completed medical school, may be eligible for a home loan with up to 100% financing, no mortgage insurance required and the possibility to exclude student debt from their debt with respect to income report. The program offers loans up to $ 850,000.
“At Guild, we’re always looking for new ways to make a difference for first-time home buyers, often with niche mortgage options and initiatives,” said Mary Ann McGarry, CEO. “While healthcare professionals have always been seen as heroes, the pandemic has helped everyone realize more about how much healthcare professionals sacrifice. Guild wanted to do their part to help those who have invested so many years of their lives prepare to serve others and save lives. Our new program makes homeownership affordable and achievable early in their career, so they don’t have to wait to buy a home.
Erin Watts, vice president of product strategy at Guild, said the initiative will provide more options for people in the medical field who may not have qualified for a traditional loan due to debt. student or lack of funds for a down payment.
“With this program, Guild is paving the way for homeownership that meets the specific needs of healthcare professionals of all types,” she said. “No matter what discipline or specialty, one thing all of these healthcare professionals have in common is the significant investment required to start their careers. Guild understands that student debt can make it difficult for new healthcare professionals to qualify for traditional mortgages. With this program, no down payment is required and student debt is completely eliminated from the equation. This is how Guild gives thanks to the medical community.
Eligible healthcare professionals for the Guild Healthcare Professional Mortgage Program include medical residents, physicians, medical fellows, chiropractors, pharmacists, and doctors of dentistry, ophthalmology, osteopathy, in surgery, dental surgery, optometry, podiatric medicine, veterinary medicine and psychiatry. Medication. A minimum credit score of 700 and a debt-to-income ratio of no more than 43% is required to be eligible.
To take advantage of this program, Watts says it’s best for healthcare professionals to get in touch with a loan officer at a local Guild branch who will be able to confirm eligibility, answer questions. and help with the application process. Proof of current or future employment must be provided.
For more information, visit https://www.guildmortgage.com/get-started/products-services/medical-professional-mortgage/. All loans are subject to the approval of the underwriter. Terms and conditions apply, subject to change without notice. For more information on licensing, please visit www.guildmortgage.com/licensing.
San Diego-based Guild Mortgage is a leading national lender with an established history of developing innovative pilot programs and specialty products in partnership with government organizations to help keep the promise of housing in every neighborhood and community that ‘he serves. Its lending professionals can meet the needs of any homebuyer, from helping first-time home buyers, often through government loan programs, to homebuyers looking for a home. ‘a jumbo loan. Guild also helps active-duty and retired military personnel who qualify for VA loans with 100% funding and flexible qualifying standards. The company is consistently recognized for its impact in the communities it serves, its commitment to customer service, its strength in regulatory compliance and its corporate culture.
About the Guild Mortgage
Founded in 1960 as the modern American mortgage industry was forming, Guild MortgageSociety is a nationally recognized independent mortgage lender providing residential mortgage products as well as local in-house origination and service. Guild’s collaborative culture and commitment to diversity and inclusion allow it to deliver a personalized experience to each client. With more than 4,000 employees and more than 200 retail branches, Guild maintains relationships with credit unions, community banks, and other financial and lending institutions in 48 states and the District of Columbia. Guild’s highly trained credit professionals are experienced in government sponsored programs such as FHA, VA, USDA, down payment assistance programs, and other specialty loan programs. Its shares are listed on the New York Stock Exchange under the symbol GHLD.
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES HEALTH RESIDENTIAL BUILDING & REAL ESTATE OTHER FINANCING HEALTH CONSTRUCTION & REAL ESTATE BANK
SOURCE: Guild Mortgage
Copyright Business Wire 2021.
PUB: 10/26/2021 10:05 am / DISC: 10/26/2021 10:06 am
Copyright Business Wire 2021.