CONTACT INFORMATION: Jay Meadors, NMLS #438568 Website 317-788-3002 jay.meadors@53.com
Fifth Third Doctor Mortgage Loan Programs
We asked Doctors what they want in a mortgage company. Turns out you want more than a mortgage company.
At Fifth Third, we know there’s no such thing as a one size fits all mortgage. So we developed our Firth Third Doctor Mortgage Loan Programs to provide doctors (MD, DO or DPM) with special benefits to help meet home financing needs.
Click here to read all about our program specifically developed for Residents, Fellows and New Physicians as well as programs for our Established Physicians.
TERMS:
- 0% down payment up to $1.25 Million Loan Amount
- 5% down payment up to $1.75 Million Loan Amount
- 10% down payment up to $2.5 Million Loan Amount
- 30 Yr Fixed, 15 Yr Fixed, 15/6 ARM, 10/6 ARM, 7/6 ARM, 5/6 ARM, 5/3 ARM
PROFESSIONS:
MD, DO, DDS, DMD, Resident, Fellows, DVM, OD, DPM
STRENGTHS:
- Additional Discounts Available With $25k Or More of Assets With Fifth Third Bank
- Close up to 150 days before employment start date
- 1099 Income with less than 2 years of self-employed income or new 1099 contract (with proof of minimum guaranteed hours and hourly rate)
- Minimum 680 Credit Score with 5% down and 700 credit score with 0% down
- No Private Mortgage Insurance
- Up to 50% debt to income ratio
- Gift Funds can be acceptable for down payment, closing costs, and asset reserves in many circumstances
- Student Loan Payments can be excluded if deferred during training or we can use income based repayment monthly payment to qualify
- No restrictions on length of time post residency to qualify for loan
- Can own multiple properties or have multiple physician loans
- Helped thousands of physicians buy their homes with confidence
- Refinance and Purchase options
- Self Employed Income borrower options
Loans are subject to credit review and approval. Fifth Third Mortgage Company, 5001 Kingsley Drive, Cincinnati, OH 45227, 1-877-841-7511, an Illinois Residential Mortgage Licensee, License No. MB 0005994, Illinois Commissioner of Banks and Real Estate, 122 S. Michigan Ave., 19th Floor, Chicago, IL 60603, (312) 793-3000. Fifth Third Mortgage Company d/b/a Fifth Third Mortgage Company Incorporated and licensed by the New Hampshire banking department, licensed by the N.J. Department of Banking and Insurances and the California Department of Business Oversight under the California Residential Mortgage Lending Act.
Fifth Third Mortgage is the trade name used by the Fifth Third Mortgage Company (NMLS #134100) and Fifth Third Mortgage-MI, LLC (NMLS #447141). Fifth Third Bank, Member FDIC. 
Equal Housing Lender.