We are pleased to offer a loan product which does not penalize New & Established Doctors (MD or DO) for some loan repayment obligations.* Complete this quick online form and we will contact you to discuss your eligibility.
DOWN PAYMENT REQUIREMENTS
0% down up to $650,000 with minimum 720 credit score.
5% down up to $1,000,000 with minimum 720 credit score.
10% down up to $1,500,000 with minimum 660 credit score.
0% down – 6 months reserves on deposit with EB&T
5% down – 4 months reserves on deposit with EB&T
10% down – 2 months reserves on deposit with EB&T
RATES & TERM
5/1 adjustable-rate mortgage,
Maximum 360 month amortization,
Minimum 120 month amortization.
NO MORTGAGE INSURANCE REQUIRED
MEDICAL PROFESSIONALS LOAN DETAILS:
Residents, Fellows & New Physicians: Must be currently in residency or set to begin new residency within 90 days of closing or scheduled to complete medical residency / fellowship AND under contract to work within 90 days of the closing OR have commenced work within the last 12 months with a hospital, physician group.
Established Physicians: Licensed doctor employed as a non-intern / Resident / Fellow for at least 12 months by a hospital or physician group OR self-employed for at least 2 years as an MD or DO.
Escrow Waiver: allowed with minimum 25% down payment.
Primary Residence: Single family homes, condominiums and attached housing are eligible.