- 100% financing up to $750,000 w/700 fico
- 95% financing up to $1,250,000 w/700 fico
- 90% financing up to $2,000,000 w/700 fico
- Additional options available down to 680 fico score
- No PMI
- Eligible professions include MD, DO, DDS, DMD, DPM, and DVM (Contractor and 1099 are acceptable)
- Minimum reserves of 2 months PITI
- Gift funds are allowed and can be applied to down payment, closing cost, or cash reserves
- Attached or detached single-family residences, Condo, Townhome and PUD
- Available in 15-year Fixed OR 1, 3, 5, 7, 10, 15/1 year ARMs (15/1 ARM are preferred vs 30-year fixed)
- Refinance terms available up to 95% LTV
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.