Medical Professional Product
Available in the following states: IL, IN, OH, KY, MI, TN, GA, FL, NC, SC, WV
Eligible Medical Professions include: MD, DO, DPM
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Soft or declining markets do not require an additional down payment
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No Private Mortgage Insurance required
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Non-Permanent Resident Alien with an H1 Work VISA are acceptable (must demonstrate continued employment)
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No additional money down on condominiums
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Purchase or refinance
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Can close up to 90 days before future employment begins new Physician Loan
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Program-Intern/ Resident/ Fellow OR Practicing/ Attending Physician for less than 1 year
Minimum Credit Score Percent Down Loan Amounts up to 680 5% $1,000,000 700 0% $500,000 720 0% $750,000 -
Established Physician Program-Attending/ Practicing Physicians greater than 1 year Dentist now available.
Percent Down Loan Amounts up to 0% $750,000 5% $1,000,000 15% $1,500,000 -
No limit of years after training
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Refinance Loans available - 720 Credit score required
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.