Physician Mortgage Loan Program
Serving the unique financial needs of doctors and healthcare workers.
Whether you're finishing residency, just accepted a job offer or are a successful partner in a growing practice, Peoples Bank has financing options to help you purchase your dream home. Our Physician Loan program requires little money down, and student loan payments may be excluded in the debt-to-income ratios.
- Higher than agency maximum loan amounts:
- Loans up to $750,000 for new physicians.
- Loans up to $1,000,000 for physicians who have been out of residency for 1 year.
- Max loan-to-value (LTV) up to 90% for single-family residence.
- Student loan payments may be excluded from debt-to-income (DTI) ratios if deferred for 12 months or more.
- Gift funds may be used for down payment and closing costs.
The Peoples Bank Difference
Whether you’re in the market to buy your first home, dream home or vacation home, our goal is simple – let’s make it work.
There are countless reasons to choose Peoples Bank for your home loan – from local loan decisions and on-time closings to great rates and fair terms, but we think the best reasons are our people. Our best-in-the-business team of loan professionals is ready to assist you every step of the way.
Questions? We’re here to help!
Email us or call (800) 584-8859
Subject to credit approval. Minimum credit score of 700 required. Available on non-owner and owner-occupied, 1-4 family residences. Hazard insurance on the subject property is required. If the property is located in a Special Flood Hazard Area, we will require you to obtain flood insurance. Additional underwriting may apply for FHA loans.