It offers low down payment options (100% financing is available for qualifying professions) with no PMI. The FNBO physician mortgage loan program is available to practicing physicians, dentists and other select healthcare professionals in Colorado. Adjustable-rate mortgage (ARMs) options available.Does not offer a 30 year fixed-rate mortgage.Offers up to 100% financing with no PMI.For approval of 0% down or 5% down, must have at least a credit score of 700.Serves H-1B visas and/or green card holders with 25% down.Must be 10 years or less from starting career.Evolve Bank & TrustĮvolve Bank offers doctor mortgage loans for home purchases and refinancing. You can book a consultation with Citizens Bank or give them a call at 1-800-4BUSINESS. Qualify for up to 95% financing with no mortgage insurance.Fixed-rate or adjustable-rate mortgage option.Must be a current resident, fellow or intern, or have completed residency within the past 10 years.97% LTV for up to $950,000 (attorneys only)Ĭitizens Bank has various financial products including student loan refinancing, healthcare banking, and the Citizens Bank Doctor Loan Mortgage Program.100% LTV for up to $750,000 (physicians only).Fixed-rate and adjustable-rate mortgage options available.DTI of 45% or better and residual income of $3,000.Doctors must be a newly licensed medical resident that has either recently completed residency and is about to begin employment OR have six months or less of residency remaining.Amerant MortgageĪmerant's doctor loans programs requires no PMI upon financing a primary home or secondary home, to those who qualify. If you meet this preliminary criteria, consider the following lenders for physician loans in Colorado. Physician home loans in Colorado are geared toward doctors who want to buy a primary residence in the state. 8 Lenders that offer physician mortgage loans in Colorado

And even though you might get approved for a mortgage with little to nothing down, you should still be mindful of your overall budget. Physician mortgage loans typically have adjustable or variable rates that change over time. But physician loans or doctors loans are geared toward physicians because of their high income potential and relative income stability. A high DTI ratio can make it difficult to qualify for a traditional mortgage. We’ll reach out by email with next stepsĭue to the cost of medical school and the student loan debt that follows, many early-career physicians have a high debt-to-income (DTI) ratio. Learn more about physician loans in Colorado and how they work, plus the top physician home loans in Colorado. If you’re a physician or dentist, you can typically apply for physician mortgage loans to cover financing toward a new house, often at better terms.

Given so much real estate competition and rising home prices, getting a conventional mortgage might not be the right fit for everyone. The state is well-known for its stunning geography, laid-back culture, and an abundance of outdoor activities to suit whatever flavor of exercise you enjoy. This is where a solid physician home loan program can make all the difference. In the first month of 2023, there were more home searchers looking to leave Colorado than trying to enter.

However, since then, that new population growth has created problems in demand for housing, potentially resulting in many Colorado residents not being able to afford rent costs or purchase a home. More people moved to the state of Colorado than out of it. The pandemic created a hot real estate market in 2020, especially in Colorado. Private mortgage insurance (PMI) isn't required with this exclusive program, regardless of your down payment amount.Up to 100% financing is available, making it a great alternative to jumbo loans.Physician mortgage loans in Colorado are an excellent option for eligible doctors, dentists and other high-earning professionals who have large student debt balances.Student Loan Forgiveness Calculator (w/ New SAVE Plan).

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