If you’ve made it this far, you’re interested in learning more about what exactly the MedicalPRO HOME program is, what we do, and how you can benefit from working with us. To make it all simple and straightforward, we’re breaking down everything you need to know in this article!
What is MedicalPRO HOME?
We’ve paired the real estate expertise of OIivia Kunevicius with milehimodern with Todd Barrett from The Barrett Mortgage Team powered by Canvas Credit Union to create a comprehensive program for healthcare workers to buy homes with less stress and money out of pocket in the Denver metro area. MedicalPRO HOME offers the only no-down payment home loan program that is designed specifically for medical and behavioral health professionals in Denver.
By making homeownership more feasible, we hope to not only retain talented medical and behavioral health professionals within our community but to also offer valuable support to a segment that is overworked, often undervalued, and deserving of a place to call home
Through the MedicalPRO HOME program, you gain access to:
- No down payment home loans for healthcare workers through Colorado-based, Canvas Credit Union
- Physician home loans with zero down payment and no mortgage insurance
- $1,000 in closing cost credit, whether buying or selling
- A streamlined process to reduce the stress of homebuying
- Ultimate flexibility to work with your demanding schedule
- And even childcare support during showings!
About MedicalPRO HOME’s Home Loan Program
The MedicalPRO HOME mortgage program—brought to you by the Denver-based Barrett Mortgage Team Powered By Canvas Credit Union—is built to keep the costs low and the perks high, streamlining the entire process through the benefits of a zero down payment mortgage when buying a primary residence. This mortgage is available for any property type: single-family home, townhome, condo, whatever you’re looking for; this mortgage will work with it.
Giving healthcare workers access to a mortgage with no down payment isn’t the only way we’ve simplified and reduced upfront expenses for buying a home. MedicalPRO HOME’s loan program also includes a $1,000 closing cost credit. Buyers must contribute 1% of the sale price but can pay this via gift funds, seller credit, or agent credit.
About MedicalPRO HOME’s Physician Home Loans
This home loan program offers a lot of the same perks as our zero down payment program—such as waiving the mortgage fee—and does not require any mortgage insurance. You can use gift funds for the downpayment and get access to 100% financing up to $1 million, 95% financing up to $1.25 million, and 90% financing up to $1.5 million. You’ve worked hard to get where you are today, and it’s time to reap the rewards!
Even if you’re currently a resident, we have another home loan program that can have you closing on your home before your employment start date! We understand the burden of student loan debt and offer flexible financing options to support you as you jumpstart your new career.
Who Is Eligible for the MedicalPRO HOME Program?
If you or your co-borrower are currently working full time within the healthcare field, you are eligible to take advantage of the benefits through MedicalPRO HOME. In order to qualify for a home loan, there are criteria for minimum credit score, debt-to-income ratio, and income that need to be met. Reach out to discuss your specific situation.
Our Process is Tailored to Healthcare Providers’ Specific Needs
As a healthcare professional, your needs are very unique and specific. Your time is extremely valuable, so we’ve streamlined the process so you can stay focused on caring for patients and clients while we stay focused on finding a place for you to call home! We keep our schedule flexible so yours doesn’t have to be, this way you can work with us on your time regardless of what shift you’re working. We’ll even provide five hours of childcare through Urban Sitter so you can enjoy distraction-free showings!
How to Work with Us
Getting started with us is just as simple as the rest of our process! Simply give us a call to discuss loan options and real estate goals or start filling out your application today. We cannot wait to get to know you and make your homebuying dreams a reality.