CONTACT INFORMATION: Eric Mistal Office: 630-941-5465 105 S. York St., Elmhurst, IL 60126 mortgageadvisors.53.com/eric.mistal eric.mistal@53.com NMLS #435771
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, DPM, DDS, DMD, DVM or OD) with special benefits to help meet home financing needs.
New Doctor Loan Program:
This program is ideal for licensed Interns, Residents or Fellows in medical residency or scheduled to begin
residency within 90 days of closing on a new home, or who have completed residency within the last 12 months and have started working for a hospital or physicians group.
- Borrow up to $750,000 with no down payment required or up to $1 million with only a 5% down payment required when purchasing a home.
- Fixed and Adjustable Rate Mortgage (ARM) loans available.
- No Private Mortgage Insurance (PMI) required.
- Refinancing options available.
Established Doctor Loan Program:
This program is ideal for a medical professional (MD, DO, DPM, DDS, DMD, DVM or OD) that has been out of residency for at least 12 months or have been self-employed for at least one year.
- Borrow up to $750,000 with no down payment or up to $2 million with a 10% down payment when purchasing a home.
- Qualify for a 100% loan-to-value (LTV) up to $750,000, 95% up to $1.25 million, or 90% up to $2 million when purchasing or refinancing a home.
- Fixed and Adjustable Rate Mortgage (ARM) loans available.
- No Private Mortgage Insurance (PMI) required.
Click here to learn all about our Fifth Third Doctor Mortgage Loan program specifically developed for Residents, Fellows and New Physicians as well as programs for our Established Physicians.
If you are considering refinancing or purchasing a home, please know that we will accommodate your schedule whether it be in the evening or on a weekend. We are here for you, whenever and wherever you need us. And most of all, we’ll keep listening to what you have to say. Because that’s what a curious bank does.
Give me a call today! I can help you determine what program best suits your needs.
1. Terms and conditions apply.
2. After the initial fixed term of the ARM period, it is possible that the borrower’s payment may increase substantially over the remaining term of the loan. The Doctor and Dentist Loan Program is restricted to primary, owner occupied residences only. Investment properties, second homes, construction to perm and lot loans are ineligible. Student loan payments can be excluded from the debt-to-income calculation if the borrower can document that the student loan payments will be deferred or in forbearance for at least 12 months after closing. Loans subject to credit review and approval. Fifth Third Bank, National Association, 38 Fountain Square Plaza, Cincinnati, OH 45263, NMLS# 403245, Member FDIC Equal Housing Lender. Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp., Member FDIC. Equal Housing Lender.