Best Physician Mortgage Loans in Missouri

• Variety of portfolio products available.
• Student loans may be excluded from your debt ratio.
• Up to 100% financing – no mortgage insurance required.
• Home equity, bridge loans, and construction loans also available.

Schedule a phone meeting here.

0% down up to $1 MM loan amount
5% down up to $1.75 MM loan amount
10.01% down up to $2.5 MM loan amount

Min 720 FICO to qualify for above min down payment

Can go as low as 680 FICO – with higher down payment

Owner occupied Primary Residence

1-2 unit residential property – Single Family, Townhome, PUD, Condo, Duplex
Non-Warrantable Condos are covered – min 10.01% down
Modular Homes

Rental income can be used to meet DTI requirement

50% Max DTI
No MI
No Prepayment Penalty

100% Financing up to $1 Million
95% Financing to $1.75 Million
89.99% to $2.5 Million

30 Fixed, 15 Fixed, 15/6 ARM, 10/6 ARM, 7/6 ARM, 5/6 ARM, 3/6 ARM and 1/6 ARM

With our program, you can be eligible for:

0% Down Payment for loans up to $1,500,000

5% Down Payment for loans up to $1,750,000

10% Down Payment for loans up to $2,000,000

15% Down Payment for loans up to $2,250,000

• No Mortgage Insurance
• Discounted Rates
• Float-Down rate options
• If the subject property is new construction, you may be eligible to receive a lender concession towards your closing costs or buy down the rate
• Receive a .125% reduction on your rate by opening a BOKF checking/savings account & if an ACH payment draft is set up on the BOKF account for the mortgage payment
• When you become a BOK Financial client after closing, you will not pay lender fees (processing and underwriting) for future refinances or purchases
• There is no pre-payment penalty
• Recast options are available
• We will not sell your loan
• After closing, refinance once rates improve without a time limit or monetary penalty
• We will always service your loan
• A minimum FICO score of 700 is required
• Purchases or refinances (no cash out)

Please note: Our program is only applicable to primary residences, one-unit Single-Family Homes (detached and attached), Agency-eligible condos, and PUDs.

5/6, 7/6, 10/6 or 15/6 ARM

• 100% Financing up to $1 million, 97% Financing up to $1.25 million, 95% financing up to $1.5 million, 90% financing up to $2 million.
• No Private Mortgage Insurance.
• Financing available for Single Family Residences.
• Available to US Citizens, Permanent Residents, and Non-Permanent Residents.
• 720 Minimum Credit Score Required.
• Available to many other professions as listed below.

0% down to $1.25 million.

5% down to $1.5 million.

10% Down to $2 million.

15% Down Greater than $2 million.

15-year Fixed; 10/6 ARM and 5/6 ARM.

Purchase or Refinance.

Cash-out Refinance available up to 80% LTV.

Primary and Second Homes.

Federal student loans are excluded from Underwriting, if deferred for 12months or longer.

Seller Assist permitted up to 3% with LTV greater than 90%; 6% allowed with LTVs of 75.01 to 90%; and 9% allowed on LTVs at/or below 75%.

No PMI.

No Pre-Payment Penalty.

Conventional and Jumbo Financing Available.

Must be eligible for membership in Together Credit Union.

No PMI. Closing available 90 days before employment starts. Minimum FICO score of 700 to qualify. Maximum debt to income ratio 45%. Medical Professionals may borrow 100% up to $1,250,000, 95% financing up to $1,500,000, and 90% financing up to $2,000,000. Most lenders require that you have completed training within the last 10 years, Alliant Credit Union has no such limit.

Conforming & Non-Conforming
Fixed & Adjustable Rate
30- & 15- Year Fixed, 5/6, 7/6, 10/6 ARMs

Bell Bank offers home financing options geared specifically for physicians and dentists with term options of a 30 year fixed. In addition we also offer ARM options with a 5, 7 and 10 year ARM. Depending on your loan amount you would have 3 options.

Option #1

Loan amounts up to $1,000,000
Requires a 5% down payment
Requires 3 months of reserves
No mortgage insurance

Option #2

Loan amounts from $1,000,000 to $1,500,000
Requires a 10% down payment
Requires 6 months of reserves
No mortgage insurance

Option #3

Loan amounts from $1,500,000 to $2,000,000
Requires a 15% down payment
Requires 6 months of reserves
No mortgage insurance

Above options require:

Minimum credit score of 720
US Citizen
Must be an active medical doctor or resident or dentist
Fully executed employment contract with no contingencies is allowed for income verification. Application must start work within 90 days of loan closing.

Borrowers may be self-employed physicians (2 year history needed) or medical researcher
Up to 95% financing up to $850,000/89% to $1M/85% to $1.5M on purchase & refinance
Up to 85% on Construction to Permanent loans with 12, 15 or 18 month build & one-time close
NO Private Mortgage Insurance Required
Non US Citizens are eligible
Can use employment contract income & close on your home 90 days prior to start date
SPECIAL banking relationship discount through a Citizens Bank Account
Seller Contributions Allowed
RECAST option available

30yr, 20yr, 15yr and 10yr fixed rate loans, 5,7 or 10 yearARMs.

Minimum credit score of 700
Student Loan Debt omitted in qualifying debt ratios if deferred at least 12 months following closing.
Ability to use IBR payment if not deferred for 12 months
Borrowers must have completed residency or fellowship within the last ten years, be a newly licensed
medical resident or about to begin new employment or residency within 90 days of closing.

0% down up to $1,000,000, 5% down from $1,000,000 to $1,750,000, 10% down from $1.750,000 to $2,500,000. 1-2 Unit Properties, Condos, Townhouses, PUDs, Modular Homes. No PMI. No Prepayment Penalty. Non-Warrantable Condos to 90%. Fixed and adjustable rates (7, 10, and 15-Year ARM) available. No time restrictions on when a client starts their new employment vs. the closing date if they have enough reserves for W2 positions. 60 days prior to start date for 1099 positions.

100% financing to $1MM, 95% to $1.5MM, 89.99% to $2MM, less than 5 years practicing for less than 5% down payment, less than 10 year practicing for less than 10.01% down payment(not including residency or fellowship). Primary Residence SFR, Condo, 2 Unit properties eligible. Can close up to 89 days prior to employment start date with signed contract or signed offer letter. 30 yr fixed rate options along with shorter term fixed and ARM’s. No PMI/MI. Rate/Term Refi or Purchase only. Gift funds allowed for down payment, closing costs, & reserves. We are now able to use 1099 contract income for doctors who have a guaranteed minimum salary in their contract, even without a 2 year history of income established as a 1099 employee. Must be actively seeing patients. For properties located in the following states, AL, AK, AR, CT, DE, GA, HI, KY, LA, ME, MD, MA, MI, MS, MT, NC, NH, NJ, OH, PA, RI, SC, TN, VA, VT, WV, & DC borrower must have a minimum of a 6 month established relationship with BMO prior to the application date.

• Up to 103% Mortgage Financing* with no money down for physicians and CRNA’s up to $1,250,000,
  95% financing up to $1,750,000. This can also be used if you want to do CONSTRUCTION TO PERM,
  call for more details.
• No Private Mortgage Insurance, resulting in lower monthly payments
• Residents/Fellows are eligible if schooling has been completed and under contract for employment/residency