Mortgage Programs
Medical Professional Loans
Healthcare is one of the leading industries in Central and Western New York. GRB understands the unique financial needs of medical professionals and has mortgage programs designed just for them.
Financing Solutions For Medical Professionals
The substantial costs of a medical education can make it difficult to qualify for traditional home loan programs. GRB has significant experience obtaining mortgages for medical professionals and has special loan programs that provide consideration for their high earning potential.
GRB’s doctor loans feature options for lower down payments, higher qualifying ratios, and ways to eliminate private mortgage insurance (PMI).
Eligibility For
Medical Professionals
A wide range of medical professionals can be considered for this loan program:
- Medical Resident
- Medical Fellow
- Medical Doctor (MD)
- Doctor of Dental Surgery (DDS)
- Doctor of Dental Medicine (DDM)
- Doctor of Optometry (OD)
- Doctor of Ophthalmology (MD)
- Doctor of Pediatric Medicine (DPM)
- Doctor of Osteopathy (DO)
- Pharmacist (RPh)
- Chiropractor (DC)
- Doctor of Veterinary Medicine (DVM)
Lending Guidelines
Medical Professional Loan
GRB’s Medical Professional Loan program offers flexibility with:
- Low down payment
- No PMI required with 10% down
- Flexible options when considering student loan debt
- Available for a 1-4 unit homes
- Can close with employment contract (pay stubs required within 60 days of closing)
- 5/6 and 7/6 Adjustable Rate Mortgage options
Contact Our Mortgage Team
Click the button below to fill out our ‘Contact Us’ form, and a GRB Mortgage Originator will be in touch to answer your questions!