First Citizens Bank

Valerie Leonard, NMLS #415176

Location:


FL, GA, MD, NC, SC, TN, VA, WV

Phone:



First Citizens Bank Medical Mortgage Program Features


  • Medical residents, interns, fellows, and practicing physicians with the following designations: MD, DDS, OD, DP, DPM, DO, DMD, DCh
  • No limit on years in practice for established physicians
  • Private Mortgage Insurance is not required
  • Fixed rate and ARM options depending on loan amount and occupancy type
  • Primary residence - 100% financing up to $750,000; 95% up to $1,000,000; 90% up to $1,250,000; 85% up to $1,500,000
  • Second home - 90% financing up to $750,000; 80% up to $1,000,000; 70% up to $1,250,000
  • Construction to Permanent and Construction Renovation – 89.99% financing up to $850,000
  • Minimum credit score – 680
  • Close loan up to 60 days prior to employment start date with an executed employment contract
  • Eligible borrowers include US Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens