Physician Mortgage in Maryland: First National Bank’s Solutions for Physicians, Simplified by Chris Urti
Dr. Home Finance
TLDR
Maryland’s physician housing market is highly competitive and transition-driven, making flexible, physician-specific financing essential for buyers navigating new jobs, relocations, and higher-cost areas near DC.
First National Bank’s physician loan program offers up to 100% financing with no PMI, loan options up to $2M, and flexible structures that support future income and preserve liquidity in high-cost markets.
The program supports a wide range of medical professionals, including residents and fellows, and allows purchases, refinances, second homes, and new construction across various property types.
Chris Urti’s proactive approach—pre-underwriting files, anticipating documentation issues, and maintaining clear communication—helps reduce delays and create a smoother, more predictable homebuying experience.
Connect with a physician mortgage specialist at FNB to get started
Maryland is a unique physician market.
You have Baltimore’s major hospital systems. The DC corridor through Bethesda, Rockville, and Silver Spring. Academic medicine. Private practice. Federal medicine. High-demand neighborhoods. Competitive price points.
And most physicians buying here are doing it during a life transition.
New job.
New income.
New city.
The mortgage structure needs to respect both your schedule and your balance sheet.
That’s exactly what FNB’s Solutions for Physicians program is built to do—and where Chris Urti becomes an asset.
A Structure That Matches the Transition
This isn’t a generic loan with a marketing label. It’s designed around how physician income and career timing actually work.
Here’s what Maryland buyers care about:
Up to $1,250,000 | 0% down payment |
Up to $2,000,000 | Low down payment options |
Up to 100% financing | No PMI |
Fixed-rate options | Adjustable-rate options |
No PMI even at high financing levels.
Flexible terms.
Purchase or refinance.
In higher-cost Maryland corridors near DC, preserving cash while keeping your offer competitive can make a meaningful difference.
Who Qualifies in Maryland?
Eligibility is intentionally broad within medicine:
MD / DO | Residents |
DDS / DMD | Fellows |
DPM / DVM | Interns |
CRNA |
Yes, residents and fellows qualify—even when income is transitioning.
That matters in Maryland’s academic-heavy markets.
Buying in Maryland: Why Liquidity Wins
If you’re purchasing near Baltimore or along the DC suburbs, the winning move is often leverage—not tying up all your liquidity in a down payment.
Maryland properties can carry higher price tags, property taxes, and association fees. Keeping cash liquid while avoiding PMI gives physicians breathing room.
Chris often reminds buyers that mortgage approvals don’t factor in everyday expenses like childcare. Qualification numbers are math. Comfort is lifestyle. That’s a conversation he has early.
The Part Most Physicians Don’t Think About
Underwriting friction usually doesn’t come from big issues.
It comes from small details:
Employment contracts without definitive start dates.
Large deposits that can’t be sourced.
Moonlighting income that wasn’t discussed upfront.
Chris has seen it all. He reviews documentation carefully before issuing a pre-approval, essentially “pre-underwriting” the file so surprises don’t appear after you’re under contract.
He allows eligible physicians to close up to 90 days before their employment start date—as long as the contract clearly states that date.
That flexibility is critical for relocating buyers.
His “Step-Ahead” Process
Chris joined FNB with more than 23 years of mortgage lending experience and has spent over a decade specializing in physician financing.
But what physicians notice most isn’t his resume—it’s how he runs the process.
He explains the next step before you ask.
He tells you what documentation will be needed later.
He keeps communication steady.
When underwriting asks for something, he’s straightforward: provide it quickly so we don’t lose time.
In competitive Maryland markets, predictability is leverage.
Construction and Property Flexibility in Maryland
Maryland buyers aren’t limited to one type of property.
This program supports:
Single-family homes | Condos |
Townhomes | New construction |
Primary residences | Second/vacation homes |
Townhome in Rockville? Eligible.
Condo in Baltimore? Eligible.
Second place near the Chesapeake? Possible.
Flexibility matters in a state with diverse property types.
What Chris Tells Maryland Physicians
His advice is practical and consistent:
Keep credit card balances low.
Avoid opening new accounts before closing.
Don’t buy the car before the house.
Deposit gift funds early if you’ll need them.
Two months of reserves are typically required at closing, and those can be personal savings or eligible gifts.
Small financial discipline now protects approval later.
Maryland FAQ
Can I use this in Maryland for a townhome?
Yes. Townhomes are eligible property types.
Does FNB consider residents and fellows eligible even if income is changing?
Yes. Residents and fellows are explicitly eligible.
Is this limited to primary homes only?
No. Second and vacation homes can be financed under program guidelines.
What’s the max with 0% down?
Up to $1,250,000 with no down payment (purchase or refinance).
Why This Program Works in Maryland
Maryland’s physician markets are competitive and transitional.
Doctors often relocate before their first paycheck hits. Chris structures files so eligible borrowers can close up to 90 days prior to start date, provided the contract is clear.
He also stress-tests budgets beyond qualification math—especially important in high-cost counties near DC.
The result? Fewer surprises. Less stress. Cleaner closings.
Ready to Explore Your Options in Maryland?
If you’re relocating to Maryland as an MD, DO, DDS, DMD, CRNA, resident, or fellow, review your financing structure before signing a lease or writing an offer.
Contact Chris directly:
Chris Urti
First National Bank
Phone: (513) 807-4960
Email: [email protected]
NMLS: 436445
Program guidelines, loan limits, and availability are subject to change. All loans subject to full underwriting approval. Terms vary by borrower profile, property type, and state.
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