First Western Trust Mortgage
Program Details
PROGRAM DETAILS
Target Borrowers
PGY-3 / PGY-4 Residents
Fellows transitioning to attending roles
Physicians with signed employment contracts
Relocating medical professionals
Eligible Professions
MD/DO
Interim
DDS
Veterinarians (DVM or PhD required)
CRNA (Anesthetist)
OMS
DPM
Pharmd
Fellow
PA
DPT
Resident
Occupancy
Owner-occupied primary residence only
Purpose
Purchase transactions only
Refinance transactions are not allowed
Terms
Financing Structure
$600,000 – $1,000,000 → 100% financing
$1,000,000 – $1,500,000 → 95% financing
$1,500,000 – $2,500,000 → 90% financing
$2,500,000 – $3,500,000 → 85% financing
Loan Types
5/1 SOFR ARM
7/1 SOFR ARM
10/1 SOFR ARM
Qualification Requirements
Minimum credit score: 720
Maximum debt-to-income ratio: 45%
Student loan debt may be excluded for qualifying purposes
Minimum 3 open trade lines with at least 12 months of history each
Additional Loan Limits
Cash-out refinance not permitted
Maximum interested party contribution: 3%
PROPERTY & PROGRAM GUIDELINES
Ineligible Properties
Manufactured housing
Leasehold properties
Cooperative housing
Properties with more than four units
Borrower Eligibility
U.S. Citizens or Permanent Resident Aliens with valid SSN
Escrow
Escrow accounts not required at this time
Strengths
Portfolio underwriting allows flexibility beyond conventional loan overlays
100% financing available up to $1M
Student loan flexibility for qualifying
Structured program designed for physicians transitioning from training to attending income
High loan limits up to $3.5M
Disclaimers
Program availability, rates, and terms are subject to change.
All loans require credit approval, satisfactory appraisal, and underwriting review.
Borrowers must meet income documentation, reserve, and credit requirements.
Not all applicants will qualify for the maximum financing levels.
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
TX
CA
AZ
