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Professional Loans

Financing and mortgage loan options for doctors, dentists, and other medical professionals.

Professional Loans

Our Professional Loan Program is a residential mortgage loan developed specifically for physicians, dentists, optometrists, Pharm.D pharmacists, ophthalmologists, podiatrists, osteopathologists, and veterinarians.

Details

Features

  • Available for home purchases or construction of primary homes only.
  • Competitive pricing available.
  • Mortgage insurance is not required.

Benefits

  • No down payment needed.
  • No penalty for prepaying your loan.
  • Gift funds or seller contributions (up to 3% of purchase price) may be used for closing costs.

Considerations

  • Maximum of 100% Loan-to-Value (LTV) for purchases of primary homes.
Terms
  • 3/3 ARM, 5/1 ARM, 7/1 ARM, or 15 year fixed
  • 30-year fixed options may be available at a reduced LTV
Apply Online

Applying for a First Bank mortgage is fast, easy, and secure. Before you begin, have the following information on hand:

Financial Information

  • Income
  • Assets
  • Expenses

Property Information

  • Estimated purchase price and down payment amount (if buying), or
  • Estimated property value and loan amount (if refinancing)
Loans subject to credit approval.

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