Designed exclusively for eligible physicians and dentists, our Doctor & Dentist Loan Program helps medical professionals achieve homeownership with financing tailored to their unique financial circumstances. Qualified borrowers can purchase a primary residence with up to 100% financing on loan amounts up to $1,000,000, with loan amounts available up to $2,000,000. Unlike many traditional mortgage programs, no private mortgage insurance (PMI) is required, even with eligible high loan-to-value financing. Deferred student loans may be excluded from debt-to-income calculations, and graduating residents, fellows, and practicing physicians may qualify using a signed employment contract up to 90 days before their start date. Whether you're beginning your career, relocating for a new opportunity, or purchasing your next home, this program is designed to provide the flexibility and financing solutions today's medical professionals deserve. Unlike many physician loan programs, eligible practicing physicians and dentists can take advantage of this program throughout their careers—it is not limited to residents, fellows, or recent graduates.
Available with 5/6, 7/6, and 10/6 SOFR Adjustable-Rate Mortgages (ARMs). Features include no prepayment penalty, loan recast eligibility, and assumable financing after the fixed-rate period.
MD, DO, DDS, DMD, Resident, Fellows
100% financing
No PMI
Student loan flexibility
Employment contract qualification
No restriction on years in practice
Up to $2M loan amounts
No prepayment penalty
Recast option
All loans are subject to credit and underwriting approval. Not all borrowers will meet the requirements necessary to qualify. Information, rates and terms are subject to change based on market conditions, borrower eligibility and without notice. Any offer is subject to verification of borrower qualifications, property evaluations, income verification and credit approval. This is not a commitment to lend or extend credit. Certain restrictions may apply, call for details. www.nmlsconsumeraccess.org. Equal Housing Opportunity. Regulated by the Colorado Department of Real Estate.
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT-OF-POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT WEBSITE AT WWW.SML.TEXAS.GOV.