Vikki Goodwin’s Austin Real Estate Weblog

Yesterday at the Women’s Council of Realtors Luncheon I heard about a new loan program designed for professionals.  This program applies to resident or practicing physicians, attorneys, oral surgeons, CPAs, CEOs, CFOs, CIOs, COOs or chairmen of publicly traded companies, or executives in direct report to the CEO.  The program allows for zero down loans up to $1M, and no mortgage insurance.  At a time when it is difficult for many people to qualify for a mortgage, and zero down is just about non-existant, this program is unusual.  Certainly a new physician just starting out might not have the savings to buy a house, so this allows him/her to go ahead and do so.  But for CEOs and the other categories, it would seem they would have savings for a down payment.  But, perhaps this type of loan will help stimulate home sales.  I hope that’s the case.  Contact me for further details.  Vikki Goodwin, REALTOR, Homes ATX, 512-426-9090.