First National Bank of Omaha

First National Bank of Omaha: CO, IL, KS, NE, SD, and WY

Physician Loan Program* Features:

• For practicing MD, DO, DDS, DMD, DPM (can be Fellow or Resident)

  Loan Amounts

  -        Maximum of 100% financing* for loan amounts not to exceed $850,000

  -        Maximum of 95% financing* for loan amounts not to exceed $1,250,000

  -        Maximum of 90% financing* for loan amounts not to exceed $1,500,000

  -        Maximum of 80% financing* for loan amounts not to exceed $2,000,000

  -        Maximum of 75% financing* for loan amounts not to exceed $3,000,000

   

  Credit Qualifications

  -        720 minimum FICO

  -        4 months reserves for loan up to $1.5M; 12-18 months of reserves for loans up to $3M

  -        45% debt-to-income ratio

  -        Student loans must be deferred for at least 12 months to be excluded from debt-to-income ratios. Income-based repayment plans are acceptable.

  -        Must be US Citizen or Perm Resident

  -        Close up to 90 days before employment starts (with contract and confirmation pre-employment contingencies have been met)

  -        Primary residences only. Single family (1U)

  -        Gift funds are allowable (however borrower must contribute 2-3% if a down payment is required)

   

  Benefits & Terms:

  -        No PMI/mortgage insurance

  -        COMPETITIVE rates

  -        30-year fixed and 7/10/15-year ARM options

  -        Purchase and no cash out refinances
  
  **All loans are subject to credit approval and subject to FNBO’s lending footprint**

  **Guidelines are subject to change**

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.

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