Physicians Loan Program

This program offers a specific loan open to all medical residents, physicians and doctors.

Here are some key features of the program

• For Primary Residence ONLY
• For Purchase & Rate/Term Refinances
• 30 Year Conventional Loan Term
• 7/1 ARM Available (Index at 1year LIBOR and qualifying at note rate)
• Minimum FICO of 720
• Minimum Loan Amount of $25,000
• Max Loan Amount follows FHFA High Balance County Loan Limits
• Up to 95% LTV On Conforming
• Up to 90% LTV on High Balance Loans
• Student loan payments deferred more than 12 months from note date may be excluded from

Additional program guidelines

• Borrower must have a social security number
• Borrower can be permanent or non-permanent resident alien
• Applies to: Newly licensed medical residents (some restrictions apply), existing physicians, doctors, etc. (practicing less than 1-year), medical residents, MD, DDS, DO, OD, DMD, and DPMS
• Escrow holdbacks are NOT allowed
• Non-traditional credit is NOT allowed
• Future/projected income is allowed on purchase transactions ONLY (some restrictions apply)
• Student loan payments deferred more than 12 months after closing may be excluded from DTI calculation if certain criteria are met
• Lender paid, and borrower paid MI is allowed