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Home » Jumbo Loans Options » Doctor Loans

M. D. Loans.

You Earned It!

The Low-Down Payment Mortgage for Doctors, Dentists, Pharmacists, and Veterinarians

M.D. Loan Program Benefits

  • As little as 5% down
  • 5/5 adjustable rate mortgage up to $2,000,000
  • No PMI required, saving you thousands over the life of the loan
  • Available for Doctors, Dentists, Pharmacists, and Veterinarians
  • Interest rate remains the same regardless of the loan amount
  • Student loans that are in deferment more than a year from settlement date, are excluded from qualifying ratios

M.D. Loan Qualification Requirements

  • All borrowers on the loan must have a minimum:
    • 720 middle credit score with 5% down; or
    • 700 middle credit score with 10% down
  • Maximum financed loan amount is $2,000,000
  • No foreclosure, bankruptcy, or short-sales permitted on credit report
  • No judgements, repossessions, or charge-offs within the last five years
  • Borrower can’t own any other property at the time of loan closing
  • Borrower must have a minimum 5% down sourced through own funds

M.D. Loan Qualification Requirements

The M.D. Loan is an adjustable rate mortgage, that is fixed for the first 5 years, and adjusts one time every 5 years for the life of the loan.
The parameters of the first mortgage are as follows:
  • Interest rate is fixed for a period of 5 years
  • After the initial fixed rate period, interest rates change, either up or down, based on:
    • A first-time adjustment of no more or less than 2% of the start rate
    • No more or less than 2% for each subsequent adjustment periods
  • A lifetime cap not to exceed 6% over the initial interest rate
  • Interest rate, after the initial fixed period, is based on the 5 Year T-Bill/Treasury rate plus a margin of 2.50%
  • Loan can be paid off at any time without penalty

Today's Interest Rates

5/5 Year ARM: 4.38% (APR 3.744%)
No Mortgage Insurance!

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