First Horizon Bank

First Horizon Bank: MI, IN, and IL (call for specific counties served)

DOCTOR PROGRAM FEATURES:

MD LOAN PROGRAM

MD, DO, Oral Surgeon, (OMS) and DPM

0% Down up to $1,500,000 (no reserves)

5% Down up to $1,999,999 (no reserves)

10% Down up to $2,500,000 (18-months)

Single-Family Residence; Townhouse; Condominium Unit

680 Credit Score

Fixed Rate and Arm Rates

43% max debt to income ratio

Reserves based on loan amount

Gift funds allowed

Close up to 90 days prior to start of employment (can exceed 90-days if needed and have reserves)

U.S. Citizen or Permanent Resident Alien, or on eligible work Visa in US

AL, AR, CT, GA, FL, LA, MS, NC, SC, TN, TX, VA, NY and NJ

***States Coming end of 2022: ME, MA, NH, RI, VT

 

PROFESSIONAL LOAN PROGRAM

Attorney, CPA, MDs, DOs, Dentist, Optometrists, Pharmacists, Veterinarians

5% down up to $627,000 loan amount

AL, AR, CT, GA, FL, LA, MS, NC, SC, TN, TX, VA, NY and NJ

CONSTRUCTION TO PERM LOAN

20% down: $647,201 to $1,000,000 loan amount

25% down $1,000,001 to $2,000,000 loan amount

30% Down $2,000,001 to $3,000,000 loan amount

680+ Credit Score

Rates Available: 5.1 Arm and 7.1 Arm and 10.1 Arm (no fixed products)

Primary Home (single family dwelling)

Up to 24-month construction period

Single Lien

Reserves based on loan amount: minimum 48-months / $500,000 / $1,000,000

Available States:

AL, AR, CT, GA, FL, LA, MS, NC, SC, TN, TX, VA

***States Coming end of 2022: ME, MA, NH, RI, VT

For more information from our National, Regional and Local Physician Lenders please fill out the form below. We will contact you shortly to go over the best doctor program in your State.

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Disclaimer: The postings on this site do not represent this banks positions, strategies or opinions.