Residential
Physician/Doctor Loan
CMRE offers specialized Physician/Doctor Loans designed to help medical professionals achieve their homeownership dreams sooner. These loans recognize the unique financial circumstances of doctors, offering flexible terms and competitive rates, starting at 6.875%, to make home buying more accessible. Get pre-approved today and discover how a CMRE Physician Loan can benefit you.
Program Benefits
Lower down payment options available, allowing you to conserve capital.
Competitive interest rates, starting at 6.875%, tailored for medical professionals.
Flexible loan terms to fit your financial situation and career trajectory.
Avoid private mortgage insurance (PMI), saving you money each month.
Streamlined application and approval process for busy doctors.
Available for newly licensed physicians, residents, and established practitioners.
Program Highlights
Max LTV
97%
Min Credit Score
620
Max DTI
50%
Loan Amount Range
$100K - $2M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
Program Requirements
Income Documentation
- •Verification of current employment or upcoming employment contract.
- •Sufficient income to cover mortgage payments, property taxes, and insurance.
- •Stable employment history within the medical field.
- •May consider future earning potential for residents and new physicians.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Verification of liquid assets such as savings and investment accounts.
- •May consider retirement accounts as part of overall asset evaluation.
- •Gift funds may be allowed with proper documentation.
Insurance & Title
- •Homeowner's insurance policy required to protect the property.
- •Professional liability insurance (malpractice insurance) may be required.
- •Flood insurance may be required if the property is located in a flood zone.
- •Proof of adequate insurance coverage to mitigate potential risks.
Property Requirements
- •Minimum FICO score of 620 required for consideration.
- •Review of credit history to assess creditworthiness.
- •Demonstrated responsible credit management with timely payments.
- •May consider compensating factors for applicants with limited credit history.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
A Physician Loan is a mortgage program designed specifically for medical doctors, offering benefits such as lower down payments and no private mortgage insurance (PMI).
Benefits include lower down payments, no PMI, and flexible loan terms tailored to the financial situations of medical professionals.
Interest rates can vary, but CMRE offers competitive rates starting at 6.875% for qualified applicants. Contact us to learn more about current rates and loan options.
Eligibility typically requires a medical degree, an employment contract or proof of employment, and a satisfactory credit history. Contact us for a personalized consultation.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
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