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BMO Harris Bank

Length of employment determines which program you will qualify for.

  • Available to Residents, Fellowships, and existing Medical Doctors. Eligible Medical Professions include MD’s, DO’s, DMD’s, and DDS’s
  • Eligible Professionals with greater than 10 years practicing:
    • Loans up to $1,500,000 with 10% down payment.
  • Eligible Professionals with less than 10 years practicing:
    •  Loans up to $750,000 with $0 down payment
    •  Loans up to $1,000,000 with 5% down payment.
    •  Loans up to $1,500,000 with 10% down payment.
  • Available in 10, 15, 20 & 30 year fixed rates
  • Available in 3/1, 5/1, 7/1 & 10/1 year ARMs
  • No Private Mortgage Insurance required
  • DTI up to 43% (DTI exceeding 43% may be eligible up to 50% on a case-by-case basis)
  • Able to close up to 60 days prior to employment start date
  • No Private Mortgage Insurance required
  • 1-2 unit Primary residence single-family, Condominium, and Townhouse
  • Flexible Debt to Income ratio limits with special consideration for high student loan payments
  • Purchase and Rate/Term Refinance loans

Physician loans are different animals.  They have different rules and qualifying criteria.  No feeling is worse than not qualifying for the loan after you’re pre-approved. It makes for a REALLY bad day and a big mess.  All of the loan officers listed on this blog specialize in doctors ONLY. They are battle tested, seasoned, and recommended by your peers. Give them a call!

Do you want a Physician Loan Specialist to contact you?  I’ve made it real easy. Drop your name and preferred contact method in the form on this page and I’ll let him know you’re looking for him.

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