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.

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    

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)
  • Dr. of Veterinary Medicine (DVM)
  • Chiropractors

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 $1.3 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:

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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.

Get Started

– or –

CALL US NOW           801.810.6503       OR GET IN TOUCH ONLINE       
CONTACT US

– or –

CALL US NOW

   801.810.6503

GET IN TOUCH ONLINE

CONTACT US

Doctor Loan is available in the following states: Alabama, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Indiana, Kentucky, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington

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 437 customer reviews

Based on 437 customer reviews