A physician loan program designed with you in mind
A Physician Loan with Heritage Bank NA is a great mortgage loan for doctors just out of medical school, in residency, or for those who have been in practice many years. You must be a licensed Physician or Resident (MD, DDS, DO, OD, DPM and DVM).
In addition to being able to finance up to 100% of a home’s purchase price, Physician Loans don’t require private mortgage insurance (PMI), require lower down payments, have a higher loan-to-value ratio, are flexible in how payment can be calculated, and have flexible repayment options. Additionally, you can choose between a fixed-rate loan and an adjustable-rate loan.
In summary, the benefits of getting a Physician loan with Heritage Bank include:
- 100% Financing Available
- Great Interest Rates
- No PMI (means lower monthly payments)
- Move in up to 60 days prior to starting your next position
- A true loan for physicians with special underwriting
Heritage Bank NA may be the ideal option for physicians and medical professionals who want 100% financing for home purchases. Please let us know if you have any questions regarding your loan options, and we will get back to you as soon as possible.