Allied Mortgage Group, a lender and servicer, has unveiled the Professional Choice Mortgage Loan, designed for the medical, dental, legal and accounting professionals--who may not qualify for a traditional home loan.

The Professional Choice Mortgage Loan combines good credit, and future earnings potential along with a low-down payment, to make home ownership accessible for those clients in specialized professional degree programs who live, work, or worship in Chester, Delaware, Montgomery, Bucks, Philadelphia or Lancaster counties in Pennsylvania.

Allied Mortgage Group recognizes the financial challenges that many professionals face who have just completed their residency, started their professional careers, or are already active in a fast-growing medical, dental, legal, or accounting practice.

“Rather than qualifying on their past or current income, we developed a loan that looks to the future potential of these professionals who have invested so much of their time and money,” said Bob Wexler, vice president of strategic initiatives for Allied. “One of the best features of the Professional Choice Mortgage Loan is that those professionals with student loan debt can still qualify.”

In addition, there is no down payment on a single-family home up to $850,000, three percent down up to $1million, no mortgage insurance requirement, and no prepayment penalty.