Regional Provider
Program Details
Availability
Available in all U.S. states Excluding Maryland
Eligible Professions
MD, DO
DDS, DMD
Residents, Fellows
DVM
DPM
Eligible Borrowers
U.S. Citizens
Permanent Resident Aliens
Non-Permanent Resident Aliens
Foreign Nationals
Eligible Property Types
Single-family homes
Condos (warrantable and non-warrantable)
Two-family owner-occupied residences
Occupancy Options
Primary residences
Second homes (up to 90% financing)
Construction financing (up to 90% in AZ, CO, IL, IN, MI, NC, SC, WI)
Income & Student Loans
Deferred student loans (12+ months) may be excluded from DTI
Income-based repayment may be used if not deferred
Future-dated employment allowed (up to 90 days before start date)
Keep researching physician mortgages
Terms
No PMI
Minimum FICO is 700 for loan sizes up to $832,750
Minimum FICO is 720 for loan sizes over $832,751
Maximum DTI: 45%
100% financing up to $1,250,000
95% financing up to $1,500,000
90% financing up to $2,000,000
No limit on time since completion of training
Conforming & non-conforming loans
Fixed & adjustable rate options
30- & 15-year fixed
5/6, 7/6, 10/6 ARMs
Strengths
No PMI at any LTV tier
High loan limits with low or no down payment
Very flexible student loan underwriting
No training lookback limit
Warrantable and non-warrantable condos allowed
Supports residents, fellows, and established physicians
Construction and second home options available
Disclaimers
Rates, terms, and conditions are subject to change.
The 5/6, 7/6, and 10/6 ARMs offer a fixed interest rate for the initial period, then convert to a 6-month adjustable rate mortgage.
After the fixed period, the interest rate and monthly payment may adjust bi-annually based on:
The 30-day average Secured Overnight Funding Rate (SOFR)
Plus a 2.75% margin
With a 5% lifetime rate cap
Rates may vary based on risk factors including, but not limited to:
Loan-to-value (LTV)
Credit score
Debt-to-income ratio (DTI)
Mortgages are available in all states except Maryland.
Loan approval, interest rate, and required down payment are based on:
Creditworthiness
Amount financed
Ability to repay
All loans are subject to credit and collateral approval.
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
AZ
CA
FL
IA
IL
IN
MI
MN
MT
ND
WI
