Doctor Program Attributes:
MD, DO, DMD, DDS, PharmD, DC, DPM
Private Mortgage Insurance is not required
Acquisition, Construction, or Refinancing
Cash-Out Refinance up to 90%
Concluding up to 90 days prior to the commencement of prospective employment
Intern / Resident / Fellow *If the client qualifies for approval under standard medical student loan payment guidelines, the DTI ratio and loan limit limitation are not applicable.
A minimum credit score of 690 is required for a 0% down payment on loans up to $850,000, with a debt-to-income ratio limited to 43%.
Practicing Physicians / Attending Medical Professionals
Up to $1.25 million with no down payment required (100% loan-to-value).
A 10% down payment is required for amounts exceeding $1.25 million up to $2 million (90% loan-to-value).
To be determined for loans exceeding $2 million *requires an exception
Second homes available with a 10% down payment up to $1.25 million and a 15% down payment up to $2 million.
A minimum credit score of 690 is required
*All loans are subject to approval — Equal Housing Lender