Grow Financial Federal Credit Union

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November 4, 2020

Doctor Home Loan: Mortgage Designed for Physicians

What’s the biggest obstacle facing people who want to own a home? Usually, it’s saving up for the down payment. Typically, borrowers must purchase Primary Mortgage Insurance (PMI) when they can’t pony up at least 20% down. That extra cost can add up. Doctor loans, also called physician loans, have been around for decades, and they’re designed to help doctors overcome the initial burdens of a down payment while avoiding the added cost of PMI. Plus, we don’t include your deferred student loan payments in your debt-to-income (DTI) ratio, so even if you’ve taken on significant student debt from your medical program, which may make you unable to obtain other mortgages, our Doctor Home Loan can open the door to home ownership more quickly.* This home loan is specifically designed for the unique financial demands of the medical profession and is open to dentists, physicians (MD and DO), licensed residents and fellows in MD and DO programs.

Grow can get you home faster by making ownership easier with our Doctor Home Loan!

Up to 100% Financing, up to $750,000

Our Doctor Home Loan saves you time and money because you don’t have to scrape together a down payment or purchase PMI. This loan is valid for the purchase of single-family homes, townhomes and condos. Specific benefits include:

  • Up to 100% financing for loans up to $750,000
  • No PMI requirement
  • Deferred student loans (minimum 12 months) not included in debt ratio
  • Use of gift funds from eligible sources is allowed

Ready to get home?

With the burdens of a down payment and PMI out of the way and student loan debt not counting against you, what’s holding you back? Let’s open the door to your dream home. Talk with one of our professional Real Estate Loan Officers to get started.

Contact Us to Learn More

Subject to credit approval.
*Grow Financial mortgage loans are valid for the purchase or refinance of owner-occupied residential properties in the states of Florida, South Carolina, North Carolina, Georgia and Tennessee including single-family detached, condominiums and townhomes. Not valid for the purchase of investment properties. Maximum loan amount up to $1.5 million. Grow Financial mortgage loan rates are updated daily and available at Not all terms are available. Some restrictions apply.

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