Physician’s Home Loans
We are proud to partner with a Sr. Loan Officer specializing in Doctor Home Loans at BMO Harris Bank and Midland States Bank. They are a publicly traded Bank (listed on the NASDAQ: MSBI), and have created this proprietary loan for the growing needs of today’s Physician – it is originated, funded and serviced by Midland States Bank. In partnership with Midland States Bank, we can offer BELOW market rates and do NOT charge expensive buy down fees to obtain our fantastic rates. Our Bank fee is only $995.00!
Who qualifies? Our Doctor Mortgage is available for M.D.’s and D.O.’s for both new & existing physicians.
New Physician Loan Program
Perfect for graduating medical students entering residency, current Residents, or Fellows scheduled to begin employment within 90 days of the purchase of the new home, or have started working for a hospital or physicians group within the last 12 months.
- 100% financing up to $500,000 loan amount
- Up to $1 million loan amount available with 5% down payment
- Available for purchases only
Established Physician Loan Program
Designed for licensed Non-interns, Residents or Fellows who’ve been employed with a hospital or physicians group for more than one year, or have been self-employed as a medical doctor for at least two years.
- 100% financing up to $650,000 loan amount
- Up to $1 million loan amount with 10% down payment
- Up to $1.5 million loan amount with 15% down payment
- 100% LTV (loan-to-value) up to $650,000 loan amount
- 90% LTV up to $1 million loan amount
- 85% LTV up to $1.5 million loan amount
For a free quote and more information contact James D. Yurman