Great news for professionals looking to purchase homes $500,000 and up. Now Compass Bank is offering expanded financing to qualified professionals, called the Portfolio Professional Loan Program. This loan allows homebuyers, who would normally have to pass up high-end "deals," because of a large down payment, get the same perks as someone who has a more modest budget.
The expanded amounts for the Professional Loan Program are:
100% financing up to 1,000,000
95% financing up to 1,250,000
90% financing up to 1,500,000
85% financing up to 1,700,000
Compass offers expanded financing to the following eligible professionals in good credit standing, of course:
Resident or Practicing Physicians
Attorneys
Oral surgeons
Dentist
CPA's.
CEO,CRO, CIO, COO, or a Chariman of a Publicly Traded Company
An Executive that is a Direct Report to the CEO or Chairman of a Publicly Traded Company.
The Houston Texas real estate market has plenty of luxury properties starting in the mid 500's that would allow you professionals to take advantage of this great program, as well as the Government Tax Credit! Contact us if you are interested in having us represent you in this competitive and fast paced market.
First Time Homebuyers - Compass didn't forget about you either, they have a mortgage program that offers incentives, making the $8,000 Tax Credit more appealing! Click here to get a flyer with more information.
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