City National Bank
Qualify for a residential mortgage of up to $3M with one of our lending programs designed for licensed medical professionals. Our dedicated team will guide you through the process, from application to closing. Up to 100% loan to value. Available for primary residence and second homes. Student loans deferred for 12 months or more may be excluded from debt-to-income calculations. No restrictions on the amount of time out of residency or practice. Avoid paying mortgage insurance. Competitively priced interest rates.
Loan Officers
Terms:
100% to $1,000,000 (720 credit score)
95% to $1,500,000 (700 credit score)
89% to $2,000,000 (720 credit score)
Higher loan amounts available
Condominiums limited to 95% max LTV
2 months reserves
No mortgage insurance
No limitation to years in practice
Professions:
MD, DO, DDS, DMD, Resident, Fellows, CPA, DC, OD, DPM, Pharmacist, Attorney
Strengths:
30 or 15 Year Fixed
7/6 and 10/6 SOFR ARM's
ACH auto debit payments from CNB checking account, direct payroll deposit, and online banking.
Primary Home Purchases and Rate/Term Refinance:
100% to $1,000,000 (720 credit score)
95% to $1,500,000 (700 credit score)
89% to $2,000,000 (720 credit score)
Higher loan amounts available
Condominiums limited to 95% max LTV
2 months reserves
No mortgage insurance
No limitation to years in practice
Construction-to-Permanent loans also available.
Disclaimer:
Loans and lines of credit are subject to credit approval and program requirements. For ophthalmologist, please refer to the doctor loan program for more information. Fees and restrictions apply. Terms and conditions subject to change. The interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible. Please consult your tax advisor. Under professional loan program, the max loan to value on the second home is 89.49%. Depending on the loan program, qualified borrowers are either not required to pay mortgage insurance or mortgage insurance is paid by the lender. Equal housing lender. Member FDIC. Lender NMLS#412469