BMO Harris Bank

BMO Harris Bank: CA, OR, WA, NV, AZ, NM, CO, TX, FL, PA, MA, ID

BMO Harris Bank DOCTOR PROGRAM FEATURES:

Physician/Dentist (MD, DO, DDS, and DMD) - Residents, Fellows and practising Physicians and Dentists

Purchase and Rate Term Refi of Primary Residence Only -

Terms available:

30, 20, and 15 year fixed

10, 7, 5, and 3 year ARM 

If 10+ years from residency, we require 10% down and lend up to $2M. (10+ years from dental school graduation for DDS and DMD)

- Can close within 90 days of employment contract –

- 2 years of 1099 income history – For borrowers with less than two years of history on 1099 income, an employment contract with salary information is required.

- Single Family, townhouse and approved condos only

1 – 2 Units – NO Duplex 

0% down allowed in most states

5% down required in CA, DC, FL,HI,ID,MD,NV,RI-  see snip below

- 95% to $1,500,000

- 90% to $2,000,000

Larger down payments may be required if credit score is below 720.

45% Debt Ratio 

Max Loan is $2mm

Borrowers need at least three valid tradelines but those do not have to be on the credit report. The tradelines just need to meet investor guidelines for traditional or alternative credit, if necessary

For more information from our National, Regional and Local Physician Lenders please fill out the form below. We will contact you shortly to go over the best doctor program in your State.

By contacting you certify that you are a medical professional or the spouse of one.

Disclaimer: The postings on this site do not represent this banks positions, strategies or opinions.