Subject to credit approval. Terms and conditions may apply. Property insurance is required for all loans secured by property.
The Federal Savings Bank | Co. NMLS# 411500 | All Rights Reserved | thefederalsavingsbank.com
Member FDIC | Equal Housing Lender
States: MD, VA, DC
0% down up to $1 MM loan amount
5% down up to $1.5 MM loan amount
10% down up to $2 MM loan amount
Owner occupied Primary Residence
1-4 unit residential property
Rental income can be used to meet DTI requirement
Min FICO – 660 (lower FICO will not affect your rate)
No Reserve Requirement
No Pre-payment Penalty
ARM loan options
Can close up to 90 days prior to start of new job
Student loan payments deferred for 12+ months are not included in DTI
No limit on the number of years out of residency
Non-occupant co-borrower allowed
Gift funds allowed from family members
Up to 6% seller credit allowed
US Citizens, Permanent Resident Aliens, Work Visa
Physician / Surgeon (MD)
Osteopathist / Osteopath (DO)
Dentist, including Orthodontist / Prosthodontist (DDS or DMD)
Nurse Anesthetist (CRNA)
Physician Assistantn (PA)
Nurse Midwife (APRN, CNM)
Nurse Practitioner (NP)
Pharmacist (RPH, PharmD)
Psychologist / Psychiatristdch
Interns, Residents, Fellows
* Proof of medical degree and license required
* Potential to request an exception for medical & healthcare professions not listed above
Serving medical and healthcare professionals nationwide.
Wide coverage of professionals – We value the contribution of healthcare professionals and want to support as many as possible to achieve the dream of homeownership.
Qualify with few funds – low down payment & NO Reserves
Lower rate compared to a traditional mortgage.
Program is open to all qualifying professionals regardless of years in practice.
Loan available for Cash-out Refi as well (with lower LTV).