Medical Professionals Loan Program
Up to 100% financing
We appreciate the value you bring to our community as a medical professional and want to support you with a special home loan program.
Up to 100% financing with no mortgage insurance
0.125% rate discount1
Available to a wide range of medical professionals
At Atlantic Union Bank, we recognize the hard work you put into getting where you are today as a medical professional. Whether you have years of experience as a doctor, or are a recent grad with a contract for employment, we have a home loan program designed to fit your needs.
Program highlights:
- Up to 100% financing with no mortgage insurance
- 0% down for loans up to $1MM; 5% down for loans from $1MM to $1.5MM; 10% down for loans from $1.5MM to $2MM
- 0.125% rate discount1
- No limit on the length of time out of residency
- Student loans deferred for at least one year may be excluded from debt-to-income qualifications
- Qualify using future income with an employment contract and a start date within 90 days of closing
- Fixed and adjustable-rate options
Ready to connect with an expert?
Contact your Atlantic Union Bank Mortgage Loan Officer or choose an option below.
Available to:
- Medical doctors
- Dentists
- Chiropractors
- Optometrists
- Ophthalmologists
- Osteopaths
- Pharmacists
- Podiatrists
- Veterinarians
- Licensed medical residents2, interns2 and fellows
Disclosures
1Eligibility requires you to fund your monthly payments with an Atlantic Union Bank deposit account.
2Maximum loan amount for licensed medical residents and interns is $750,000.
Owner-occupied residences only (single family homes, Fannie/Freddie warrantable condos and townhomes). Borrower(s) may only have one Medical Doctor Home Loan Program serviced by Atlantic Union Bank at any time. The exclusion of student debt only applies to the borrower with a medical designation. Minimum qualifying credit score requirement of 720 for all loan amounts. Available in VA, DC, MD, NC, IN, TN and GA. This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approvals. Terms, rates, data, programs, information and conditions are subject to change without notice. Not all loans or products are available in all states. Specific program restrictions may apply so please consult your dedicated Mortgage Loan Officer for complete details.
Payment example: on a $850,000 home with 100% financing, no mortgage insurance and a 30-year fixed-rate loan at 6.50%, the monthly payment would be $5,372.58. The Annual Percentage Rate (APR) would be 6.54%. This example does not include an escrow account for taxes and hazard insurance. Actual payment obligation will be greater if an escrow account is established.
Additional resources
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