PHYSICIAN MORTGAGE

Features and Benefits of a Physician Mortgage with First Liberty Bank

 

Physician mortgage loans, or doctor loans, are mortgage loans geared explicitly toward medical professionals. Recent med-school graduates, doctors, and dentists in the early stages of their careers have expenses such as student loan debt, and their past work history may not reflect their earning potential. Their financial history can make it difficult or impossible to qualify for a traditional mortgage. First Liberty Bank understands the unique situation doctors and dentists are in and the fact most see rapidly rising salaries. 

OKLAHOMA

• Only available to existing or soon-to-be MDs DOs, DDSs, DPMs, DCMs, ODs and DMDs

• 100% Financing - No Money Down

• No PMI means lower monthly payments

• Deferred student debt may be excluded from DTI

• Closing Costs up to $10,000 May Be Financed

• Pending Employment Contracts Acceptable

• Refinance Options Available

• 100% financing up to $1,000,000

• 97% financing up to $1,250,000

• 95% financing over $1,250,000

 

TEXAS

• Only available to existing or soon-to-be MDs DOs, DDSs, DPMs, DCMs, ODs and DMDs

• 100% Financing - No Money Down

• No PMI means lower monthly payments

• Deferred student debt may be excluded from DTI

• Closing Costs up to $10,000 May Be Financed

• Pending Employment Contracts Acceptable

• Refinance Options Available

• 100% financing up to $1,250,000

• 97% financing up to $1,500,000

• 95% financing over $1,500,000

 

DETAILS

A  unique First Liberty Bank Mortgage product designed for doctors right out of medical school and early career physicians who may not have savings available for a down payment or may have high student loan obligations.

 

Need help answering questions like, "How much will my monthly mortgage payments be?" Use our calculators to easily find the answers to your physician home loan.

 

Certain restrictions apply to all programs. See your First Liberty Bank Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APR’s) for all loan programs. Full underwritten approval is required and all loan approvals are subject to credit, income and asset review and approval.

Rates and terms are subject to change without notice. The Physician Home Loan program is limited to primary residences in the Oklahoma City and Dallas/Fort Worth metropolitan areas, and other restrictions may apply. See a First Liberty Bank Loan Officer for complete program details, fees, and current interest rates. Loan approval is subject to First Liberty Bank approval guidelines.