First Federal Lakewood | Physician Lender

Here at Physician Loans USA , we offer viable home loan solutions for physicians and doctors who want to build their homes without hassles. We understand that your needs differ from those of the others because you have a career to nurture and student loans to handle during your early professional years. With our specialized physician home mortgage loans, we are excited to help you get closer to your dream home.

Today we are featuring a Physician Lender, First Federal Lakewood.

Doctors face unique financial needs, First Federal Lakewood understands those needs and offers straightforward, objective advice and customized mortgage solutions. We have designed a program using specialized underwriting tailored to the financial needs of medical doctors.

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.

PROGRAM DETAILS

Available to medical doctors with the following degree designations: M.D., D.D.S., D.M.D, D.O., DVM/Veterinarian, DPM/Podiatrist and O.D./Ophthalmologist.

Single Family Primary Residence, PUDS, Townhome and Condos (warrantable only)
Up to 100% financing with no PMI for loan amounts up to $1,000,000
Up to 95% financing with no PMI for loan amounts $1,001,000 to $1,250,000
Up to 90% financing with no PMI for loan amounts $1,250,001 to $1,500,000
Student loans in deferment or in forbearance will not be included in the student loan debt.
Student loan payments must follow Fannie Mae/Freddie Mac Guidelines if non-deferred.
Available loan products: 30 Year Fixed, 15 Year Fixed, 10/1 arm, 7/1 arm, 5/1 arm (Amortized over 30 years).
Long term locks up to 12 months available for only one time up front .25-point fee.
700 or greater credit score for 100% financing for Post-Resident Doctors.
720 or greater credit score for 100% financing for Resident Doctors.
Maximum DTI of 43% (exceptions considered on a case by case basis)
Closing may occur prior to employment start date within 6 months, with an acceptable signed contract and fully executed contract with no major contingencies and proper cash reserves.
Gift Funds allowable.
No closing cost rate options available.
Construction draw loans available for Post Residents only in OH, MI, KY, IN, PA, WV only.