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Established Doctor Program Overview

Established Doctor: Defined as a doctor who has been employed as a Non-Resident/Intern/Fellow for at least 12 months by a hospital or physician group or has been self-employed as a medical doctor for at least 2 years

Maximum Loan Amount:

  • $1.5 Million

Maximum LTV:

  • 100% on $650k or below
  • 90% for $650,001-$1 Million
  • 85% for $1,000,001-$1.5 Million

Minimum Credit Score:

  • 720

Borrower Eligibility:

  • Must be a licensed medical doctor (MD, DPM or DO degrees only) who has completed residency AND
  • Employed by a hospital or physician group as a Non-Resident/Intern/Fellow for more than 12 months OR
  • Self-Employed for at least 2 years OR
  • Teaching at a medical institution

Notes:

  • Primary Purchase Only ( Investment and 2nd homes are ineligible)

Product Features:

  • No Mortgage Insurance
  • No minimum loan amount
  • Up to 100% financing

New Doctor Program Overview

New Doctor: Defined as a licensed Resident/Intern/Fellow scheduled to complete medical school and commence work within 90 days of the note date OR has commenced work within the last 12 months with a hospital or physician group.

Maximum Loan Amount:

  • $1 Million

Maximum LTV:

  • 100% on $500,000 or less
  • 95% on $500,001 or more

Minimum Credit Score:

  • 680 for $417,000-$500,000
  • 700 for $500,001-$650,000
  • 720 for $650,001-$1,000,000

Borrower Eligibility:

  • Must be in residency or set to begin new residency within 90 days of note date OR
  • Has been employed as a non-resident for less than 12 months
  • MD, DPM or DO degrees only

Notes:

  • Primary Purchase Only ( Investment and 2nd homes are ineligible)

Product Features:

  • No Mortgage Insurance
  • No minimum loan amount
  • Up to 100% financing

Chelsea Newman

Mortgage Loan Officer

Fifth Third Bank

NMLS #1252392

200 East Robinson Street

Orlando, FL 32801

Cell: 407.304.8658

Fax: 844.868.3908

Email: chelsea(dotted)newman(at)53(dotted)com

Website: https://secure.53.com/mlo/chelseanewman

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