Giving back to those who serve the community
Helping New Doctors Achieve Their Home Ownership Dreams
United Home Loans offers a fantastic loan program to help new doctors purchase their first home and overcome many of the obstacles that they may face.
Loan Highlights
- No PMI
- Low and NO down payment available
- Loan amounts up to $2,000,000
- 15/1, 10/1, 7/1, 5/1 adjustable-rate terms available
- Available for 1-2 unit primary residences
- Deferred student debt cloud be excluded from payment ratios
Eligible Borrowers
- Medical doctors (MD)
- Doctors of dental science (DDS)
- Doctors of dental medicine or surgeons (DMD)
- Doctors of optometry (OD)
- Doctors of ophthalmology (MD)
- Doctors of osteopathy (DO)
Payment, Rate and APR Assumptions
Payment, rate and APR example for the zero down doctor loan program listed above: At a purchase price of $700,000 with $0 down, a 7-year adjustable rate mortgage with an initial 6 month fixed rate period (7yr/6mo SOFR ARM) with an interest rate of 6.750% / 6.621% APR, would require principal and interest payments of $4,540. No mortgage insurance required. Does not include taxes and insurance. Actual payment with those items will be higher. Scenario assumes a 740 credit score, 100% loan to value, 60-day lock period, and zero points for an owner-occupied, single-family detached home which will be used as a primary residence. APR stands for annual percentage rate. Additional requirements must be met. Subject to underwriting approval. Not all applicants will qualify. This is not a commitment to lend.