State Bank’s Professional Program Simplifies the Process of Getting a Mortgage

At State Bank, our goal is to always offer you products and services that meet your unique needs. You will see our commitment in the way we build strong relationships with you and offer solutions that produce superior results. We are truly excited about the opportunity to work with you. Our Professional’s Mortgage Program is tailored for clients with the following designations. Medical Resident, Medical Fellows, Doctor of Medicine (MD), Dental Science (DDS), Optometry (OD), Osteopathy (DO), Doctor of Veterinary Medicine (DVVM), Attorney, and Certified Public Account (CPA).

BENEFITS*
❖ Jumbo / Super Jumbo
❖ Flexible Down Payment Options
❖ Competitive Rates
❖ Adjustable-Rate Mortgage with Various Term Options
❖ NO Prepayment Penalty
❖ NO Private Mortgage Insurance (PMI)
❖ Local Underwriting & Servicing

*80% Loan to Value (LTV). Maximum Debt to Income ratio (DTI) 47%. 700 Minimum Credit Score. Available on Primary & Second Home Purchases, Construction Loans and Refinance Available (Note: Loan Amount and LTV limitations apply). At least one borrower in the transaction must: Have an acceptable designation which may include, but is not limited to: Medical Resident, Medical Fellow, Doctor of Medicine, Dental Science, Optometry, Osteopathy, Doctor of Veterinary Medicine, Attorney, Certified Public Accountant (CPA). If a Resident Fellow: Must have a signed guaranteed, non-contingent employment contract or be a graduate from a doctoral program. Signed State Bank Personal Financial Statement Required for all loans. Minimum of four trade lines/credit references, open or closed, that have been evaluated at least 12 months. One must be a mortgage or rental verification. Credit references may be a combination of trade lines, traditional or nontraditional credit. (Nontraditional credit limited to $1,100,000 loan amount). At least one borrower on the loan must have a valid credit score. Use the lowest of all borrower indicator scores lower of two (2) or middle of three (3) valid credit scores for each borrower. Other requirements and exclusions apply. Please see your State Bank Mortgage Representative for additional information. All lending products are subject to application and credit approval. Home equity loans and lines are also subject to acceptable appraisal and title search.

*All loans are subject to credit approval. Ask your State Bank mortgage banker for details on rates and fees. Certain restrictions apply. NMLS#504503.