Affordable Housing must be a first time home buyer
Professional Program is for doctors, lawyers, accountants, nurses, etc (professionally licensed degreed positions)
And finally our Private Banking program, must have 250K annual income, and have at least one of the following: 1 million in net worth or 500K investable assets.
There is NO PMI on the above three (3) programs. No reserves for Professional or Private Banking, and 2 months reserves for the affordable housing.
