Doctor Loan

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

Question:

Question:

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

Minimum Credit Score:

680

Max Debt-to-Income:

43%

Max Loan Amount:

$1,000,000*

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 borrower may qualify for no mortgage insurance. Talk about the best of both worlds! Additionally, it can be used for purchase as well as refinance transactions.

Available for:      Primary Residences          Second Homes    

QUICK
FACTS

Minimum Credit Score:

680

Max Debt-to-Income:

43%

Max Loan Amount:

$1,000,000*

Available for:

  Primary Residences
  Second Homes

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)
  • Doctor of Chiropractic (DC)
  • Doctors of Dental Surgery (DDS)
  • Doctors of Dental Medicine (DMD)
  • Doctors of Optometry (OD)
  • Doctors of Ophthalmology (MD)
  • Doctors of Osteopathy (DO)
  • Doctors of Podiatric Medicine (DP)
  • Doctors of Pharmacy (PharmD)
  • Doctors of Psychiatric Medicine (DPM)
  • Doctors of Surgery (DCH)
  • Doctors of Veterinarian Medicine (DVM)

*All loans are subject to credit review and approval. This is not a commitment to lend.

100% Financing

Other Doctor Loan Programs may require a higher down payment. But at Team 101 at Northpointe Bank, you can finance up to 100% of the purchase price of your new home!

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.

No PMI Options

In some situations, the Doctor Loan does not require Private Mortgage Insurance (PMI). Inquire with a Team 101 Loan Officer for more details.

Term Options:

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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.

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CALL US NOW           801.810.6503

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CALL US NOW

   801.810.6503

Doctor Loan is available in the following states: Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, Wisconsin, Wyoming

Why Choose at Northpointe Bank?

The answer is clear:

More Options. Better Pricing. Period.

Join the many satisfied Utahns who’ve gotten their mortgage loan for their dream home through Team 101 at Northpointe Bank.

Rated 4.9 out of 5

Rated 4.9 out of 5

Based on 470 customer reviews

Based on 470 customer reviews