Physician Lenders Available in Maryland
KEYBANK MORTGAGE
• Fixed- and variable-rate options available
• Loan amounts up to $3.5 million
• No Private Mortgage Insurance (PMI) required
• Personalized service
• Loan options available for purchase, as well as rate/term and cash-out refinances
• Eligible property types include owner-occupied primary residences and second homes
• Available for 1-unit single-family homes, condos or planned unit developments
* Geographic restrictions may apply. Ask us for details.
TD Bank's
Loan Amounts:
- 100% Financing to $750,000 Loan Amount
- 95% Financing to $1,250,000 Loan Amount1
Amortization Type:
- 30 Year Fixed Rate
- 5/1, 7/1, 10/1, Adjustable Rate
Transaction Type:
- Purchase (Primary Residence Only)
- Refinance (Primary Residence Only)
Private Mortgage Insurance (PMI):
- Not Required
Eligible Borrowers:
- MD, DO, DPM, DMD, DDS, Medical Fellows, 3rd year Medical Residents
- For practicing Doctors must be 10 years out of residency or less
Property Types:
- Single Family Residences
- Attached/Detached Condominiums
- Attached/Detached PUDs
Future Contacts
- Future employment contracts are acceptable if employment begins within 60 days of loan closing (90 days by exception only)
Reserve Requirements:
- 6 Months – (Can be gift)2