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Home loan for Medical Professionals

Our home loan for Medical Professionals or Physicians was designed to help those in the medical profession achieve their dreams of homeownership. At The Federal Savings Bank, we are committed to finding the right mortgage for our customers, including those who are committed to save lives.

What is the advantage of a Medical Professional loan?

At The Federal Savings Bank we understand your unique needs. You might have accumulated debt to become a physician, but we are here to help you! Our offering will help you buy a home early in your career, and sometimes even before you start your new job!

Highlights of our Home Loan for Medical Professionals

Our offer is a no-brainer!

Some of the highlights of our home loan for Physicians are:

  • No Private Mortgage Insurance (PMI)
  • Financing available for loan amounts up to $2 million*
  • Gift Funds are allowed from immediate family members
  • Student loan payments deferred for 12 months or longer are not included in the credit approval process
  • Up to 6% seller paid closing cost and prepaids allowed
  • Close before your new job starts. Find and close on new home up to 90 days prior to star of new employment with an acceptable employment contract

*Owner occupied only.

Who is eligible for a Medical Professional home loan?

To qualify for our Medical Professional** home loan, you must be a:

  • Doctor of Medicine (MD)
  • Doctor of Osteopathic Medicine (DO)
  • Doctor of Dental Science (DDS) or DMD
    • Includes Orthodontist or Prosthodontist
  • Nurse Anesthetist (CRNA)
  • Doctor of Podiatric Medicine (DPM)
  • Doctor of Pharmacy (PharmD) – (Pharmacist)
  • Optometrist (OD)
  • Physician Assistant (PA)
  • Psychologist
  • Nurse Midwife (APRN)
  • Nurse Practitioner (NP)
  • Doctor of Veterinary Medicine (DVM)

**Proof of medical degree and license required.

This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to you individual situation.

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