First Liberty Mortgage is pleased to offer Physicians the benefits of our physician mortgage loan program. The physician mortgage loan program is designed to offer qualified Physicians the ability to purchase or refinance their primary residence. This program is available to both New (Residents, Fellows, or recently hired) Physicians as well as those who have established a practice for at least two years. In an effort to offset the potential student loan debt evaluated in qualifying, the physician loan program offers no Private Mortgage Insurance if you are putting less than 20% down.
Physician mortgage loan advantages include:
- 100% Financing for loan amounts less than $500,000
- 90% Financing for loan amounts between $500,001 and $1,000,000
- PMI (Private Mortgage Insurance) not required
- 15 and 30 year Fixed Rate as well as Adjustable Rate Mortgage programs
- Employment Contracts maybe used for income qualification.
If you are a physician considering a mortgage loan, we can assist you assessing all of your mortgage loan options to help you find the best mortgage to meet your needs. Contact us to learn more.