BMO Harris Physician Loan

Fred Hall, NMLS ID #595317

BMO Harris Physician Loan

  • Available to Residents, Fellows, practicing MDs, DOs, DDSs, and DMDs.
  • Fixed and adjustable rate options available
  • Relationship rate discounts available
  • 100% to $1M (not available in CA, DC, FL, HI, ID, MD, NV, and RI)
  • 95% to $1.5M (all states except NY)
  • 90% to $2M (all states except NY)
  • 10+ years post-training requires a 10% down payment up to a $2M loan amount
  • Primary residence single family, approved condo, and townhomes allowed (multi-unit, second home or investment properties not allowed)
  • Purchase and rate and term refinances (no cash-out)
  • No mortgage insurance
  • Minimum reserves required
  • Can close up to 90 days prior to start date
  • New 1099 employment less than 2 years allowed with a contract that shows guaranteed income (salary or hourly rate with guaranteed number of hours OK)

About Fred Hall, BMO Harris Physician Loan

Fred has 20 years of lending experience with the last 15 years specializing in Physician/Dentist loans.  Fred is consistently ranked in the top 1% of all Originators in the US.  Fred enjoys helping his clients purchase or refinance their homes and he and his team strive to provide a seamless and stress-free loan process.  Fred has a dedicated team of processors and underwriters who only work on Physician Loans.  His two dedicated Assistants also ensure a streamlined process!  Not a Physician or Dentist?  Fred has an array of lending products to meet your borrowing needs. 

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