Physician Loans
We are proud to partner with the medical community in assisting doctors and dentists with their mortgage financing.*
Physician-specific enhancements include the following:
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100% financing on loans up to $750,000
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95% financing on loans up to $1.5 million
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FICO score of 700 up to $750K loan amount
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FICO score of 720 for $750K to $1.5M loan amount
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Competitive pricing with no mortgage insurance required
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Student loans deferred for a minimum of 12 months are not included in DTI to qualify
Multiple options:
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30-year and 15-year Fixed Rate options
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15/1 ARM (30-year amortization; interest rate locked for first 15 years)
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30-year fixed & 15/1 ARM allowed on both jumbo and conforming loan amounts
For both new and experienced physicians:
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MD, DO, DMD & DDS
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Residents, fellows and practicing physicians are eligible
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1099 & Contract employment are eligible
At least one borrow must be a resident, fellow, practicing physician or a dentist. Proof of a medical license is required. Eligible doctors are those that have had their medical license for 10 years or less. First United Bank account required to be auto-debited.