Special Doctor Loan Home Purchase Mortgage Financing by Fifth Third Bank
Updated: Feb 15
Are you a Doctor, Dentist or Veterinarian?
Learn about a special Doctor Loan mortgage option for new and established physicians offered by Fifth Third Bank that allows for no down payment or low down payment options (1) for your next home purchase based on your specific details. Contact the best Real Estate Agent in Lincoln Park, Jovanka Novakovic at Compass, Lincoln Park, Chicago for details.
Or contact Fifth Third Mortgage Broker Nicole Tarczynski and ask about the Doctor Loan that you heard about here!
New Doctor Loan Program1
Ideal for licensed interns, residents or fellows in medical
residency or scheduled to begin residency within 90
days of closing on a new home, or who have completed
residency within the last 12 months and have started
working for a hospital or physicians group.
• Borrow up to $750,000 with no down payment
required or up to $1 million with only a 5% down
payment required when purchasing a home.
• Fixed and Adjustable Rate Mortgage (ARM)2
loans available.
• No Private Mortgage Insurance (PMI) required.
• Refinancing Options Available.
Established Doctor Loan Program1
This program is ideal for a medical professional (MD,
DO, DPM, DDS, DMD, DVM or OD) that has been out
of residency for at least 12 months or have been self-employed
for at least one year.
• Borrow up to $750,000 with no down payment or
up to $2 million with a 10% down payment when
purchasing a home.
• Qualify for a 100% loan-to-value (LTV) up to
$750,000, 95% up to $1.25 million, or 90% up to
$2 million when purchasing or refinancing a home.
• Fixed and Adjustable Rate Mortgage (ARM)2
loans available.
• No Private Mortgage Insurance (PMI) required.
The real estate agent and their associated company above are not affiliated with Fifth Third.
1. Terms and conditions apply.
2. After the initial fixed term of the ARM period, it is possible that the borrower’s payment may increase substantially over the remaining term of the loan.
The Doctor and Dentist Loan Program is restricted to primary, owner occupied residences only. Investment properties, second homes, construction to perm and lot loans are ineligible. Student loan payments can be excluded from the
debt-to-income calculation if the borrower can document that the student loan payments will be deferred or in forbearance for at least 12 months after closing.
Loans subject to credit review and approval. Fifth Third Bank, National Association, 38 Fountain Square Plaza, Cincinnati, OH 45263, NMLS# 403245. Member FDIC. Equal Housing Lender. Fifth Third and Fifth Third Bank are registered
service marks of Fifth Third Bancorp. CS4290
