Physician Lenders Available in Massachusetts 


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


BBVA

The program is available for practicing physicians, CPA's, Dentists and Attorneys with a 700+ FICO score who are purchasing a single family detached home.

  • 95% loan to $1M with no mortgage insurance

  • 90% loan to $1.25M with no mortgage insurance

  • 85% loan to $1.5M with no mortgage insurance

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

  • 30, 20 and 15 year fixed loans as well as a 5 and 7 year ARM.

  • MD, DO, DDS, DMD, Attorneys, And CPA's

  • Approved Condominiums are acceptable

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


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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BOSTON

COHASSET

HINGHAM

NORWELL

PROVIDENCE

Weymouth

Scituate

Plymouth North