First Community Mortgage

First Community Mortgage offers a product menu second to none with a 100% customer service centric approach to anything and everything that we do. We tailor our loan offerings for each individual client based on what fits their needs the best.  This will include very competitively priced jumbo loan offerings that can accommodate larger loan amounts, creative financing approaches available as well for those with credit challenges, income challenges, etc. First Community Mortgage offers medical professional mortgage options designed for a broad range of healthcare careers. While many physician loan programs cap maximum loan amounts closer to $1 million, our programs support up to 100% financing on loan amounts up to $2 million for qualified medical professionals. We also offer options for 1-unit primary residences, residents and fellows, and a broader range of medical professions than many physician-only lenders. Programs are available for non-permanent residents and other eligible borrowers with lawful work authorization, subject to standard guidelines.

Loan Officers

Tony Lucio (NMLS #426104)

STATES:  AL, CT, GA, IL, IN, KY, MA, MI, MN, MS, NJ, NC, PA, SC, VA, WV, WI
EMAIL:  [email protected]
PHONE:  815-405-3617

Terms

  • 0% down up to $2,000,000
  • Up to $2,500,000 with 89.99% LTV*
  • Eligible properties – 1-unit properties, Condos, Townhouses, and PUDs
  • No Private Mortgage Insurance (PMI)
  • Non-Warrantable condos restricted to 89.99% LTV
  • May close on home up to 150 days prior to starting new employment
  • 1099 self-employed contracts eligible with signed employment contract
  • Can omit a departing residence with minimum 20% equity**

Professions

MD, DO, DDS, DMD, Resident, Fellows, DVM, CRNA, OD, DPM, Pharmacist

Strengths

  • Debt-to-Income ratio allowable up to 50%
  • No 2-year work history is required for 1099/self-employed physicians
  • Gift funds eligible for downpayment, closing costs and reserve requirements
  • May close on a home up to 150 days prior to starting new employment. Most lenders cap you at 90 days!
  • Flexibility on student loan payments

Disclaimer

Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and underwriting criteria. This loan product is offered by First Community Mortgage and administered through a broker relationship. For licensing information, go to: www.nmlsconsumeraccess.org.

*This product feature is available in limited states. Ask your Loan Originator for
details. **Additional restrictions apply.

262 Robert Rose Drive, Murfreesboro, TN 37129