Mercantile Bank | Physician Home Loans

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, Mercantile Bank.

Doctors face unique financial needs, Mercantile ban k 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.

DOCTOR PROGRAM FEATURES:

MD, DO, DMD, DDS, PharmD, DC, DPM

No Private Mortgage Insurance required
Purchase, Construction, or Refinance
- Cash Out Refinance up to 90%
Closing up to 90 days before future employment begins

Intern / Resident / Fellow *If the client can get approved based on standard Doctor student loan payment guidelines, the DTI and loan limit cap do not apply.

690 credit score required for 0% down up to $850,000 / DTI capped at 43%

Attending / Practicing Doctors

Up to $1.25MM with No Down Payment required (100% LTV)

10% down required if greater than $1.25MM to $2MM (90% LTV)
TBD for loans over $2MM *requires an exception
Second Homes w/ 10% down up to $1.25MM and 15% down up to $2MM
690 Credit score required

*All Loans Subject To Approval – Equal Housing Lender

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.