FROM RESIDENCY ON, WE’RE PUTTING DOCTORS INTO HOMES
Buying a home is now easier for residents and doctors from residency to a seasoned physician. 1 Recognizing what it has taken for these medical professionals to get to this point in their careers, we designed our lending guidelines to maximize their money.
MEDICAL PROFESSIONAL LOAN FEATURES
o As little as 5% down, gifts allowed on top of down payment
o No mortgage insurance2
o Low monthly payments initially with an adjustable rate mortgage
o Featuring loan amounts that start at $200,000 and extend up to $2M on single-family homes, this financing is paving the way to home-ownership for medical professionals across the country.
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1.Eligibility for the physician-focused financing is available to existing medical doctors including DOs, dentists, dental surgeons and veterinarians who are actively practicing, newly licensed medical residents who are currently employed in residency or fellowship; newly licensed medical students who are beginning new employment/residency and within 60 days of closing; or new medical professional graduates who are under contract for residency and within 60 days of closing.
2.This may result in a higher APR.
First State Mortgage is a division of First State Bank, NMLS# 416668