Terms
- 0% down payment up to $1.25 Million Loan Amount
- 5% down payment up to $1.75 Million Loan Amount
- 10% down payment up to $2.5 Million Loan Amount
- 30 Yr Fixed, 15 Yr Fixed, 15/6 ARM, 10/6 ARM, 7/6 ARM, 5/6 ARM, 5/3 ARM
Professions
MD, DO, DDS, DMD, Resident, Fellows, DVM, OD, DPM
Strengths
- Close up to 150 days before employment start date
- 1099 Income with less than 2 years of self-employed income or new 1099 contract (with proof of minimum guaranteed hours and hourly rate)
- Minimum 680 Credit Score with 5% down and 700 credit score with 0% down
- No Private Mortgage Insurance
- Up to 50% debt to income ratio
- Gift Funds can be acceptable for down payment, closing costs, and asset reserves in many circumstances
- Student Loan Payments can be excluded if deferred during training or we can use income based repayment monthly payment to qualify
- No restrictions on length of time post residency to qualify for loan
- Can own multiple properties or have multiple physician loans
- Helped thousands of physicians buy their homes with confidence
- Refinance and Purchase options
- Self Employed Income borrower options
- Additional Discounts Available With $25k Or More of Assets With Fifth Third Bank
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