First Horizon

Loan Officers

Karen Hackney (NMLS #659295)
STATES: AL, AR, GA, LA, ME, MA, MS, NH, NC, RI, SC, TN, VT
EMAIL: [email protected]
PHONE: 865-548-7313

Tony Umholtz (NMLS #377409)
STATES: CT, FL, NJ, NY, TX, VA
EMAIL: [email protected]
PHONE: 813-603-4255

Terms:

Currently we offer several physician programs. Our most popular product will allow the following:

100% financing up to a $1.5 million loan amount
No PMI
No restrictions for time out of residency
Very low reserve requirements
Minimum credit score of 680
Can close up to 6 months prior to employment start date

Professions:

MD, DO, DDS, DMD, CRNA, CPA, DPM, Pharmacist, Attorney

Strengths:

Clearly a strength is our product is more flexible than most of our peers. We have been able to help several physicians who were turned down elsewhere for the product recently. Allowing physicians to be greater than 10 yrs out of residency and still qualify has been helpful to many. The opportunity to provide 100% financing up to $1.5 million, and 95% financing up to $2 million, and 90% financing up to $2.5 million has been strong compared to competitors. Condos are allowable under the product.