BMO Harris Bank | Medical Program

Medical Professional Product
Available in the following states: AZ, CO, FL, GA, IL, IN, KS, MI, MN, MO, NC, PA, TN, TX, VA, WA, WI
Eligible Medical Professions include: MD, DO, DDS, DMD

  • Available to Residents, Fellows, and practicing Physicians/Dentists.
  • Purchase and Rate/Term Refinance loans available.
  • Primary Residences only.
  • Detached single family, two unit/duplexes, Condos, and Townhouses eligible.
  • No Private Mortgage Insurance required.
  • Down Payment Requirements for borrowers with less 10 years of practicing:
    Percent Down Loan Amounts up to
    0% $1,000,000
    5% $1,500,000
    10% $2,000,000
  • Down Payment Requirements for borrowers with 10 or more years practicing:
    • 10% down for loan amounts to $2MM
    • 10, 15, 20, or 30 year fixed rate options available
    • 5, 7, or 10 year ARM options available.
  • 720 middle credit score from all borrowers required for $0 down. 680 middle score for any level of the program.
  • DTI up to 45% allowed
  • H1B visa eligible
  • Deferred student loans default to the IBR payment for underwriting.
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Disclaimer: The postings on this site do not represent these banks' positions, strategies, or opinions. Programs are available only to qualified borrowers. Subject to credit approval, underwriting approval, and lender terms and conditions. Loan programs are subject to change without notice. Restrictions may apply.