Loan Officer: Eric Veronica
States: FL, IL, IN, KY, MD, MI, NC, OH, PA, SC, TN, VA

Terms:

First Federal of Lakewood Physician Loan program allows for 100% financing on loan amounts up to $1,000,000, 95% financing on loan amounts up to 1.25MM and 90% financing on loan amounts up to 1.5MM First Federal Lakewood Physician Loan program allows for 100% on purchases up to $1,000,000. This program has no monthly mortgage insurance (PMI).

Professions:

M.D., D.D.S., D.M.D, D.O., DVM/Veterinarian, DPM/Podiatrist and O.D./Ophthalmologist.

Strengths:

First Federal Lakewood’s physician loan program is very competitive with other lenders in this space when comparing interest rates and fees.  There are a couple unique pieces of our loan program that other lenders do not offer. 

  • First Federal Lakewood can close a physician loan based on an employment contract if the start date is within 12 months.  Many of our competitors will only use new employment start dates within 30-60 days. 
  • Construction draw loans available in 5 states (KY, IN, MI, OH, PA)
  • Long term locks up to 12 months available

Eric Veronica (NMLS #83197) can be reached at 419- 318-8985 or [email protected]