At First United, we take great pride in being a community bank and supporting the people who help make the lives we all live possible. In doing so, we have partnered with the Medical Community to assist Doctors and Dentists with their mortgage financing.
Competitive pricing with no mortgage insurance required
15/1 Adjustable Rate Mortgage (ARM) allowed on both jumbo and conforming loan amounts, payment/rate may increase after initial 15-year fixed period
30 Year Fixed Rate option allowed on both jumbo and conforming loan amounts
Medical Professionals with the following designations are eligible: MD, DO, DDS, DMD*
Student loans deferred for a minimum of 12 months not included to qualify
FICO scores down to 700 allowed depending on LTV and loan amount
*At least one borrower must be a resident, fellow, practicing physician or a dentist. Proof of a medical license is required. Eligible doctors are those that have had their medical license for 10 years or less.
Approximate Timeframes for Closings
(These are subject to change based on individual loans)
Purchases – Approximately 30 days
Construction – Approximately 45 days
Refinance – Up to 120 days