Where to Get Physician Mortgage Loans

If you’re a business minded professional looking for a mortgage loan with a competitive rate, you’re in luck. First Bank is pleased to be the place to secure physician mortgage loans. We offer professional mortgage loans for physicians, dentists, attorneys, optometrists and more!

What is a Physician Mortgage Loan?

Physician mortgage loans are home loans that are designed to meet the needs of physicians that are just starting out. New physicians typically graduate college with a substantial amount of student loan debt, making it hard for them to qualify for loans. Physician mortgage loans are typically easier to qualify for because the lender takes into consideration the amount of money a physician will make once he or she graduates. 

Where to Get Physician Mortgage Loans

Professional Mortgage Loans from First Bank

First Bank offers professional mortgage loans for physicians looking to purchase a primary homes, details include:

  • No mortgage insurance required
  • No down payment required
  • Prepay your loan under no penalty
  • Seller contributions or gift funds of up to 6% of the purchase price may be used for closing costs
  • 30-year amortization
  • Maximum of 100% loan-to-value for purchase of primary home

For more information on physician mortgage loans, sign up for a free consultation with a First Bank loan officer.

Physician Mortgage Loans — Apply Today

First Bank offers two convenient ways for physicians to get mortgage loans. You can use our online application to apply for a loan. That means you don’t have to leave your own home to apply for a professional loan. Just gather your financial and property information and easily complete the application.

Or visit one of our nearly hundred locations throughout the Carolinas.


Loans subject to credit approval.

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Sources:

NY Times: http://www.nytimes.com/2014/10/12/realestate/mortgages-for-physicians.html?_r=0

Investopedia: http://www.investopedia.com/terms/a/amortization.asp