National lenders
KEYBANK
DOCTOR PROGRAM FEATURES:
Fixed- and variable-rate options available
Loan amounts up to $3.5 million
Min FICO credit score 720
95% loan-to-value (LTV) to $1 million
90% loan-to-value (LTV) to $1.5 million
No cash reserve required up to 95% loan-to-value (LTV) to $1 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, attached or detached, condos or planned unit developments
Regional lenders
TD Bank
Available in the following states: CT, DE, FL, ME, MD, MA, NH, NJ, NY, NC, PA, RI, SC, VT, VA, DC
DOCTOR PROGRAM FEATURES:
– Up to 100% financing with no PMI for loan amounts up to $750,000
– Up to 95% financing with no PMI for purchases up to $1.3M
– Up to 90% financing with no PMI for purchases up to $2M
– Primary residences only
– Flexible DTI requirements for high income earners
– *No Private Mortgage Insurance (PMI) required
– Personalized service
– MD, DO, DPM, DDS, DMD *AND RESIDENTS AND FELLOWS
– Loan options available for purchase, as well as rate/term refinances
– 30yr Fixed /10yr ARM/ 7yr ARM and 5YR ARM options
– Available for 1-unit single-family homes, attached or detached, condos, COOPS or planned unit developments