[PA, NJ, DE, MD, D.C., WVA, OH, VA, NC, SC, TN, GA, FL, and NY (outside of the five boroughs)] Timothy Michael Johnson NMLS# 1789317 267-738-3255 Online Loan Application: APPLY HERE!

First National Bank’s Physician Mortgage Program – Helping Those Who Help Others:

If you are a physician, dentist, podiatrist, veterinarian, or certified registered nurse anesthetist (CRNA), we have a doctor loan with great interest rates, as little as 0-down, no PMI, up to $2MM. This program also has a built-in strategy to combat today’s elevated interest rates!

**Program Highlights:

  • In this elevated interest rate environment, our ability to offer a rate modification at minimal cost is the greater option over having to refinance when rates eventually come back down
  • Flexible down payment options: 0% down up to $1.25MM, 5% down up to $1.5MM, 10% down up to $2MM
  • No private mortgage insurance (PMI) required
  • Eligible properties: Single-family homes, condominiums, and townhomes
  • Loan options: 30-year fixed, 10/6 ARM, 7/6 ARM, and 5/6 ARM
  • Gift funds accepted for all closing costs and any down payment
  • Close within 90-days of starting your new position
  • If you are either 1.) a medical student entering residency or 2.) a resident entering fellowship, we ignore your student loan debt; your student loans are NOT factored into your debt-to-income (DTI) calculation which means you may be pre-approved for more
  • Our DTI max is 50% (versus other lenders who are 34-43%) which means you may be pre-approved for more

Additional Benefits of the First National Bank Physician Mortgage Program:

  • Reserve requirements: 0-months for all residents and fellows. 6 months for all out of residency for 10 years or more
  • Second Homes also qualify, maximum loan-to-value (LTV) is 80%
  • We offer the physician loan to those in need of a construction-to-permanent loan; maximum LTV is 84.99%.
  • Cash-out refinances offered up to a maximum of 85% LTV
  • Eligibility: Out of residency within the last 10 years OR 10% is the minimal down payment UNLESS you have $500k in retirement assets (then it is back to 0-down)
  • **Note: please confirm all the above with me during our initial call to ensure no changes to the program have taken place

About Timothy Michael Johnson

I am a Physician Loan Specialist (it accounts for greater than 80% of my volume) and subject matter expert on the program. You will get expanded availability with me, as I believe in being as close to 24/7 as possible for my clients and their realtors. First National Bank’s doctor loan is flexible, competitively priced, and it takes care of concerns that you may have over higher interest rates by giving you the option to do a low-cost rate modification to a lower rate once rates come down. Please give me a call or send me a text or email for any questions: 267.738.3255 or NMLS 1789317.

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