Fulton Mortgage
Program Details
Eligible Professions
MD
DO
DDS
Residents
Fellows
DVM
DPM
Pharmacist
Occupancy & Use
Primary residence purchases
Rate/term refinance allowed
Construction-to-permanent financing available for doctors
Income & Employment Qualification
Future employment contracts accepted
May close up to 90 days before employment start date
Deferred student loans (12+ months) may be excluded from qualification ratios
Income-based repayment may be used after training
Funds & Credits
Gift funds allowed from immediate family members
Up to 6% seller-paid closing costs and prepaids allowed
Terms
Financing Tiers — Standard Physician Program
100% financing up to $1,500,000
95% financing up to $2,000,000
90% financing up to $3,000,000
No mortgage insurance required
Construction-to-Permanent Tiers (Physicians)
5% down up to $1,500,000 — no mortgage insurance
10% down from $1,500,000 to $2,000,000
15% down from $2,000,000 to $3,000,000
Loan Types
30-year fixed
15-year fixed
ARM options:
5/6 ARM
7/6 ARM
10/6 ARM
15/6 ARM
Strengths
High loan limits with low down payment requirements
No mortgage insurance
Flexible student loan underwriting approach
Future employment contract qualification
Tiered structure for higher balance loans
Designed for relocation and early-career purchase scenarios
Disclaimers
Program availability, rates, and guidelines are subject to change
Credit and underwriting approval required
Eligibility depends on profession, documentation, and borrower profile
Property, occupancy, and loan size limits apply
Not all borrowers will qualify for maximum financing
Eligible Degrees
DC
OMS
DDS/DMD
Fellow
Intern
MD/DO
CRNA
NP
OTD/MOT
OD
PharmD
DPT
PA
DPM
RN
Resident
DVM
= Eligible
= Not Eligible
Approved States
DE
DC
