Physician Lenders Available in Connecticut  


Citizens Bank

DOCTOR PROGRAM FEATURES:

  • Up to 95% financing with no mortgage insurance for loan amounts up to $850,000

  • Up to 89% financing with no mortgage insurance for loan amounts up to $1,000,000

  • Up to 85% financing with no mortgage insurance for loan amounts up to $1,500,000

  • Student loan debt deferred or on reduced payment plan for at least 12 Months excluded from debt-to-income ratio

  • Construction-to-permanent financing eligibility – maximum 85% financing

  • Primary residence only

  • PUDs, Condos and Co-Ops

  • Close on your home up to 60 days prior to new employment start date (with signed contract)

  • Eligible professions include Residents, MD, DDS, DMD, DPM and DO

  • Eligible Products: 10, 15, 20, 25 and 30 Year Fixed Rates. 3/1, 5/1, 7/1 and 10/1 ARM

700 Minimum Credit Score – Doctor Loan only

LTV < 90% maximum DTI is 43%

LTV >/= 90% maximum DTI is 40%

*Please complete the form to connect with the lender of choice. 


FLAGSTAR BANK

The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.

  • 100% loan to $850,000 with no mortgage insurance (720 FICO)

  • Low down payment on loans up to $1.5M (710 FICO)

  • Deferred medical student debt may not affect your qualifying loan amount.

  • 80% loan to $1.75M obviously with no mortgage insurance.

  • Purchase and rate/term refinance for primary residence.

  • 5/1 and 7/1 Adjustable Rate Mortgages (ARMs)

  • MD, DDS, DMD, DO, DPM and Veterinarians accepted.

  • Non-Occupant Co-Borrowers Allowed


National Lender

(The name of this bank has been omitted to comply with their trademark policies)

DOCTOR LOAN PROGRAM FEATURES:

  • 95% Financing up to $1,000,000 (some restrictions apply)

  • 90% Financing up to $1,500,000 (some restrictions apply)

  • Maximum Loan Amount ** $1,500,000

  • Private Mortgage Insurance Not Required (No PMI)

  • Close on your home up to 60 days prior to new employment start date (with signed contract)

  • Eligible professions include Residents, MD, DDS, DMD,OD, DPM and DO

  • Student loans deferred for at least 12 months after closing not included in debt ratios.

  • Eligible Property Types One-unit Single Family, Warrantable Condos and PUDs

  • Eligible Products: 15 and 30 Year Fixed Rates. 5/1, 7/1 and 10/1 ARM (Fully Amortizing)

  • 720 credit score required

*Please complete the form to connect with the lender of choice. 


Opes Advisors
(A Division of Flagstar Bank)

DOCTOR PROGRAM FEATURES:

The program is available for practicing physicians with a 700+ FICO score who are purchasing a single family detached home.

  • 100% loan to $850,000 with no mortgage insurance

  • Low down payment on loans up to $1.5M

  • Deferred medical student debt may not affect your qualifying loan amount.

  • 80% loan to $1.75M with no mortgage insurance.

  • Purchase and rate/term refinance for primary residence.

  • 5/1 and 7/1 Adjustable Rate Mortgages (ARMs) ONLY

  • MD, DDS, DMD, DO, DPM and Veterinarians accepted.

  • Non-occupant co-borrowers

*Please complete the form to connect with the lender of choice. 

 

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