Stephen Morrison NMLS #697238

Alliant Credit Union Physician Loan

Alliant Credit Union has created an industry leading Medical Professional Loan Program available in all states except Maryland.


  • No PMI.
  • Closing available 90 days before employment starts.
  • Minimum FICO score of 700 to qualify.
  • Maximum debt to income ratio 45%.
  • Medical Professionals may borrow 100% up to $1,000,000, 95% financing up to $1,250,000, and 90% financing up to $2,000,000.
  • Most lenders require that you have completed training within the last 10 years, Alliant Credit Union has no such limit.
  • Conforming & Non-Conforming
  • Fixed & Adjustable Rate
  • 30- & 15- Year Fixed, 5/6, 7/6, 10/6 ARMs


  • MD, DO, DDS, DMD, Resident, Fellows, DVM, OD, DPM


  • Student Loan Debt omitted in qualifying ratios if deferred at least 12 months
    Ability to use income based repayment schedule if not deferred for 12 months
  • No limit on time elapsed since the completion of training
  • Financing available for single family, condos, and two family owner occupied residences
  • Warrantable and non-warrantable condos allowed
  • Available to US Citizens, Permanent Resident Aliens, Non Permanent Resident Aliens, and Foreign Nationals
  • For other professionals we have Our First Time Homebuyers program with up to 100% financing available with no PMI.


Alliant Credit Union NMLS#: 197185.

Rates, terms, and conditions are subject to change. The 5/6, 7/6 and 10/6 ARMs offer a fixed rate for the initial period of the loan and adjust to a 6 month ARM after that period. The interest rate and monthly payment may adjust bi-annually based on the 30 day average Secured Overnight Funding Rate (SOFR), plus a margin of 2.75 percentage points with a 5% life time cap.

Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.

Mortgages available in all states except Maryland. Loan approval, interest rate, and downpayment required based on creditworthiness, amount financed, and ability to repay. Rates, terms, and conditions are subject to change and are subject to credit and collateral approval.

Rates can vary based on risk factors which include but are not limited to LTV, credit score, and debt to income ratio.

Equal Housing Opportunity

About Stephen Morrison, Alliant Credit Union Physician Loan

Stephen has been providing mortgage services to a wide variety of clients for the last 30 years. Stephen has funded over $2 billion in mortgage loans and has thousands of satisfied clients that he has worked closely with to help them achieve their financial goals. His mission is to carefully guide you through the entire loan process so that you can make educated decisions about the variety of mortgage options available. He doesn’t think of his clients as transactions, he thinks of them as clients for life and treats them as such. Stephen also specializes in jumbo financing for affluent clients. Working for a true portfolio lender, he understands and enjoys working with the labyrinthine and sophisticated transactions that most banks shy away from.

For that last 13 years Stephen has dedicated his focus to Medical Professional Loans that includes, Residents, Fellows, Practicing Physicians (MD, DO, DPM), Dentists (DDS, DMD) Oral Surgeons, and Veterinarians. With the Medical Professional Loan being his team’s specialty, they understand your challenging schedule.

Stephen has been married to his wife Stephanie for over 26 years and has 2 children that he enjoys traveling, sailing, and fishing with.

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