Doctor Loan | Together Credit Union
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DOCTOR LOAN

A home loan for medical professionals to serve your financial needs while you focus on what matters most- your patients.
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Affordable Financing with Local Support for Your Homeownership Journey

Up to 100% financing<sup>1</sup>

Up to 100% financing1

No private mortgage insurance (PMI)<sup>2</sup>

No private mortgage insurance (PMI)2

No pre-payment penalty

No pre-payment penalty

Local support and servicing

Local support and servicing

Specialized Financing for Medical Professionals: Doctor Loan Mortgage

At Together Credit Union, we understand that as a medical professional, your path to home ownership is unique. That’s why we created our Doctor Loan Mortgage1 — a special mortgage program designed to meet the financial needs of doctors, dentists, and other medical professionals.

Why Choose the Doctor Loan Mortgage?

  • Up to 100% financing
  • NO private mortgage insurance (PMI)
  • Purchase and Refinance transactions
  • Fixed rate and ARM loan
  • Available for primary residence and second homes
  • No restrictions for time out of residency
  • No Pre-Payment Penalty
  • Close 120 days in advance of start date indicated on new employment contract

Eligible Borrowers

  • Medical Doctor
  • Medical Resident
  • Certified Registered Nurse Anesthetist
  • Doctor of Dental Surgery
  • Doctor of Dental Medicine
  • Doctor of Optometry
  • Doctor of Osteopathic Medicine
  • Doctor of Pharmacy
  • Doctor of Podiatric Medicine
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Ready to get started but not sure where to start?

Connect with our Mortgage Team today to discuss the right path for your dream of homeownership.

Apply Today!
Disclaimer
1- Membership eligibility required. Underwriting requirements apply (Valid only on single-family owner-occupied property). Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. Your actual rate and/or points may be different, as many factors go into providing you with a mortgage loan. The quotes are based on a specific loan amount for the purchase of a single family primary residence. 10, 15, 20, and 30 Year Fixed Rate loan payments are based on a loan amount of $150,000.00. Example Monthly Payment: A $150,000 with a 15-year term (180 months) at an interest rate of 5.50% (5.811% APR) would cost approximately $1,251.00 per month.   Receipt of application does not represent an approval for financing or interest rate guarantee. Applicant subject to credit, acceptable appraisal, title, and underwriting approval. Doctor Loan Program is not available in all states for all amounts. Other restrictions and limitations apply. 100% financing means that the Credit Union will provide you up to 100% of the loan you are applying for OR essentially putting ZERO down payment towards the home.

2- Private Mortgage Insurance, or PMI, is a monthly fee to homeowners who do not possess at least 20% equity in their home (you have paid in at least 20% of the house value). However, we waive this fee entirely, saving years of monthly payments and thousands of dollars. Valid only on single family, 1-4 story condo and townhome unit owner-occupied properties. Maximum 97% LTV for condo as well; all loans require escrow for property taxes, homeowners insurance, and flood insurance, if applicable.