A physician looking to purchase a home with 5% down. Have a good income but not enough to put a significant amount of money down.

Asked by NJdoc, Fort Lee, NJ Tue Apr 2, 2013

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Trish Frisbie’s answer
Trish Frisbie, , Saddle River, NJ
Wed Apr 3, 2013
Of course you can buy a home in Bergen County!! There are FHA programs with 3.5 % down! All you need to do is qualify and we can start looking at homes today. You need to talk to an experienced mortgage representative which I will provide a few to talk to so you can feel comfortable in who you choose to work with. I have been in the medical profession myself and have many Dentists and Doctors as my clients. I want to help you. Feel free to contact me:
Trish Frisbie, % Terrie O'Connor Realtors. Saddle River, NJ 201-424-2963, trishfrisbie@gmail.com
0 votes
, ,
Fri Mar 20, 2015
Yes a Doctor/ Physician loan would be perfect for this! Hi, my name is Matt Albert (NMLS# 658999) and I am a Doctor/ Physician Loan Specialist with Citizens/ Charter One Home Loans. I have been specifically working with physicians for over 12 years. We cover licensed medical physicians, residents, interns and fellows, which include MDs (Medical Doctors), DOs (Doctors of Osteopathy) along with DMDs and DDS (including Dental Surgeons, Orthodontists and General Dentists). We provide financing of 95% up to $850,000, 89% to $1 million (**exceptions possible**) AND 89% to $1 million for one time close construction Doctor Loan, all with NO PMI! We offer our Doctor Program in the following states:

Connecticut, Delaware, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, North Carolina, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, Vermont, Washington, D.C., West Virginia. **Additional States are possible on an exception basis.**

If I can be of any assistance please feel free to contact me for details as we are NOT allowed to share guidelines of the program in online forums.

Matt Albert
Physician Loan Specialist
Mortgage Loan Officer
NMLSR # 658999
Citizens Charter One Home Loans
Phone - (336) 471-1825
Fax -(844) 574-2618
0 votes
Dr S Jones MD, Both Buyer And Seller, Orlando, FL
Tue Jan 28, 2014
Hi , If you are an MD, DO, DPM, Resident or Established Physician - the following bank rep will provide you with 0% (zero) down 100% loan and No MI with Preferred Client rate and standard costs.

Asst. Vice President / Sr. Mortgage Officer / Tom R. Callahan / thomas.callahan@53.com
Fifth Third Savings, at 904-591-6722

Offering 100% Lending within Alabama, Florida, Georgia, Tennessee, South Carolina, North Carolina, West Virginia, Kentucky, Missouri, Wisconsin, Michigan, Indiana, Ohio, Illinois, Pennsylvania, New Hampshire. And New York with 5% down.

Mr. Callahan has been recognized nationally as a ranking leader within the mortgage industry and has assisted hundreds of Physicians within Northwestern Memorial Hospital and Univ of Chicago Medical Center in my new home town.

Best wishes to you! Sarah Jones, MD
0 votes
Robert Curtis, , Chicago, IL
Tue Jan 21, 2014
Hello Doctor,

Fifth Third Mortgage is pleased to announce our exclusive Doctor Loan Program, custom designed to fit the unique needs of Physicians seeking a home mortgage!

Available to New or Established Doctors, Residents or Fellows (MD, DO, or DPM) to purchase a new home or to refinance an existing property with up to
100% financing.

• Maximum Loan Amount of $1.5 million!

• $0 Down payment Options available!

• No Private Mortgage Insurance!

• Fixed and Adjustable mortgage options!

• Get Pre-Approved to purchase… not just Pre-Qualified!

• Interest rates at historic lows!

Call today to find out your options and how to plan for your upcoming
purchase or refinance!


Robert Curtis
Loan Officer/Physician’s Lending Specialist

NMLS ID 224355
0 votes
Danielle Rus…, Agent, Suffern, NY
Sat Jan 18, 2014

I have much experience working with FHA Loans, which allows you to purchase a home with as little as 3.5% down.

My mortgage banker, Frank Vero, with Hudson United is great!! He closes mortgages in less than 30 days. He has a lot of experience with FHA loans & Homepath properties. You can get pre-approved as easy as 10 minutes with his website, or you can give him a call and either set up an appointment or if you would like to do it over the phone, he's very flexible!

Check out his website:

I hope you will take the time to meet with me so I can tell you show you why I should be your agent & help you find your dream home!


Danielle Russodivito
NJ & NY Licensed Real Estate Salesperson
845-664-2144 (Call/Text)
0 votes
Bernedette, Home Buyer, Vero Beach, FL
Sun Jan 12, 2014
Hi NJdoc,

You may want to contact Rae Drake with Fifth third Bank. I have referred her for the past 10 years to my buyers and she has always performed professionally. She puts her clients interest first and is extremely knowledgable of the industry and the banks programs. They have a great Doctor Program- She is even married to a Physician.
You can reach her at 352-514-1829 or rae.drake@53.com

Good Luck,
Bernedette- Realtor in Vero Beach, Florida
0 votes
Andrew Tisel…, Agent, Clifton, NJ
Wed Apr 3, 2013
yes you can purchase a home. but you may not be able to purchase most condo's and definitely no Coops, I can help you. contact me for further assistance

contact Craig
Craig Andriulli
Vice President
NMLS #212830
Bond Street Mortgage, LLC
NMLS #191351
Cell: 201-647-4180
Office: 201-918-4980
Fax: 201-918-4981
Email: Craig@BondStreetLoans.com
0 votes
Diane Glander, Agent, Spring Lake, NJ
Tue Apr 2, 2013
Prospect Mortgage is another option for financing. Contact Matt Pirnik at 7322321522
0 votes
Barbara Ostr…, Agent, Closter, NJ
Tue Apr 2, 2013
That's really no problem here, he would qualify for an FHA mortgage at the very least, and in addition, there are some special mortgages that cater to doctors. Call Terry Stevens from Wells Fargo Home Mortgage to discuss financing options, and then call me so I can help you find just the right home!

Barbara Ostroth
Coldwell Banker Residential RE
201-262-6600 office
201-965-3105 cell
0 votes
Thank You for the advice.I have already found a house and we are currently making an offer.
Flag Tue Apr 2, 2013
Deborah Madey, Agent, Brick, NJ
Tue Apr 2, 2013
deb@peninsulafirst.com is my email or you can use the contact me button provided by Trulia
0 votes
Deborah Madey, Agent, Brick, NJ
Tue Apr 2, 2013
I just reached out for updated info on the program that I referenced. If you send me your email, I will send you some info on it. It is a program that was specifically designed for Dr's.
0 votes
NJdoc, Home Buyer, Fort Lee, NJ
Tue Apr 2, 2013
In new jersey , bergen county
0 votes
Deborah Madey, Agent, Brick, NJ
Tue Apr 2, 2013
Are you looking in NJ or CA? There are some special financing programs for physicians who are building their practices who have income but need a program w/ a smaller down payment.
0 votes
in NJ
Flag Tue Apr 2, 2013
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