Doctor Loan

Practicing Physicians or in residency may qualify for $0 down and no mortgage insurance.

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Question:

Question:

Are you a practicing physician or in residency and looking for a mortgage that matches up with your income potential?

CONSIDER A DOCTOR LOAN

This program provides special financing for Physicians who have signed an employment contract with a start date no less than 90 days from the closing date. The Doctor Loan program allows financing up to 100% and mortgage insurance is not required. Talk about the best of both worlds! Additionally, it can be used for purchase as well as refinance transactions.

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FACTS

Minimum Credit Score:

720

Minimum Down Payment:

0%

Max Debt-to-Income:

43%

Max Loan Amount:

$1,300,000

Available for:      Primary Residences    

QUICK
FACTS

Minimum Credit Score:

720

Minimum Down Payment:

0%

Max Debt-to-Income:

43%

Max Loan Amount:

$1,300,000

Available for:

  Primary Residences

WHO CAN QUALIFY FOR A DOCTOR LOAN?

If you have an executed Employment Contract with a start date no later than 90 days after your loan closing date, we may be able to help you get the ideal loan product. Northpointe Bank’s Doctor Loan Program is a great solution for the following medical professions:

  • Medical Doctors (MD)
  • Dr. of Osteopathy (DO)
  • Dr. of Dental Surgery (DDS)
  • Dr. of Dental Medicine (DMD)
  • Dr. of Optometry (OD)
  • Dr. of Ophthalmology (MD)
  • Dr. of Podiatric Medicine (DP)
  • Dr. of Surgery (DCh)
  • Dr. of Psychiatric Medicine (DPM)

100% Financing

Other Doctor Loan Programs usually require a 5% down payment. But at Team 101 at Northpointe Bank, you can finance up to 100% of the purchase price of your new home—up to $1 million!

No Private Mortgage Insurance

Save hundreds of dollars a month by avoiding PMI (Private Mortgage Insurance). Our Doctor Loan doesn’t require it!

Don’t Count Student Loans towards DTI

If we can show that your student loans are deferred for at least one year, they will not be counted in your debt-to-income calculation.

Amortization Options:

Is the Doctor Loan Right for You?

Fill out this questionnaire to see if we can help you achieve your homeownership goals with the Doctor Loan.

Get Started

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CALL US NOW           804.724.LOAN       OR GET IN TOUCH ONLINE       
CONTACT US

– or –

CALL US NOW

   804.724.LOAN

GET IN TOUCH ONLINE

CONTACT US

Doctor Loan is available in the following States: Alabama, Arizona, Colorado, Florida, Georgia, Indiana, Kentucky, Michigan, North Carolina, Ohio, Oregon, South Carolina, Tennessee, Texas, Utah, Virginia, Washington

Special Offers and Programs

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Why Choose ?

LOW RATES

We offer some of the lowest mortgage rates in the industry, along with truly innovative, tailored programs.

GREAT SERVICE

Our mission: client-focus. As your personal lender, we value listening and delivering on what is most important to you.

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Move into your new home sooner. Time saved plus low rates equals more savings for you.