Fifth Third Bank logo

Fifth Third Bank

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Dr Home Finance Verified banker badge

Program Details

Program Details

Program Details

Loan Purpose & Property Types

  • Purchase and refinance (rate/term and cash-out)

  • Primary residences

  • Second and vacation homes

  • Investment properties

  • Construction (one-time close)

  • Lot loans

  • Home renovation loans

Income & Documentation Options

  • Future income accepted with a signed employment contract

  • Alternative income documentation allowed (bank statements, 1099, profit & loss statements)

Key Benefits

  • Jumbo loans up to $10,000,000

  • Low and no down payment options

  • Construction loans with one-time close

  • Lot and renovation loan programs

  • First-time homebuyer options

  • Flexible income documentation

  • Financing for primary, second, vacation, and investment properties

  • Home equity loans and lines of credit

  • Relationship discount options available

  • Free recast to lower monthly payments after large principal payments

Terms

Terms

Terms

  • Down payment tiers and LTV limits

  • Credit score requirements

  • PMI or mortgage insurance structure

  • Rate products (fixed vs ARM)

  • Reserve requirements

  • Student loan treatment rules

  • Down payment tiers and LTV limits

  • Credit score requirements

  • PMI or mortgage insurance structure

  • Rate products (fixed vs ARM)

  • Reserve requirements

  • Student loan treatment rules

Strengths

Strengths

Strengths

  • Close up to 150 days before employment start date

  • 1099 Income with less than 2 years of self-employed income or new 1099 contract (with proof of minimum guaranteed hours and hourly rate)

  • Minimum 680 Credit Score with 5% down and 700 credit score with 0% down

  • No Private Mortgage Insurance

  • Up to 50% debt to income ratio

  • Gift Funds can be acceptable for down payment, closing costs, and asset reserves in many circumstances

  • Student Loan Payments can be excluded if deferred during training or we can use income based repayment monthly payment to qualify

  • No restrictions on length of time post residency to qualify for loan

  • Can own multiple properties or have multiple physician loans

  • Helped thousands of physicians buy their homes with confidence

  • Refinance and Purchase options

  • Self Employed Income borrower options

  • Additional Discounts Available With $25k Or More of Assets With Fifth Third Bank

Strengths

  • Close up to 150 days before employment start date

  • 1099 Income with less than 2 years of self-employed income or new 1099 contract (with proof of minimum guaranteed hours and hourly rate)

  • Minimum 680 Credit Score with 5% down and 700 credit score with 0% down

  • No Private Mortgage Insurance

  • Up to 50% debt to income ratio

  • Gift Funds can be acceptable for down payment, closing costs, and asset reserves in many circumstances

  • Student Loan Payments can be excluded if deferred during training or we can use income based repayment monthly payment to qualify

  • No restrictions on length of time post residency to qualify for loan

  • Can own multiple properties or have multiple physician loans

  • Helped thousands of physicians buy their homes with confidence

  • Refinance and Purchase options

  • Self Employed Income borrower options

  • Additional Discounts Available With $25k Or More of Assets With Fifth Third Bank

Disclaimers

Disclaimers

Disclaimers

  • Program terms, pricing, and eligibility vary by borrower profile and are subject to change.

  • All loans are subject to full underwriting approval.

  • Loan features and availability vary by state.

  • Not all applicants will qualify.

Disclaimers

  • Program terms, pricing, and eligibility vary by borrower profile and are subject to change.

  • All loans are subject to full underwriting approval.

  • Loan features and availability vary by state.

  • Not all applicants will qualify.

Eligible Degrees

Eligible Degrees

Eligible Degrees

DC

DDS/DMD

Fellow

Intern

MD/DO

CRNA

NP

OTD/MOT

OD

PharmD

DPT

PA

DPM

DPM

RN

Resident

= Eligible

= Not Eligible

Eligible Degrees

DC

DDS/DMD

Fellow

Intern

MD/DO

CRNA

NP

OTD/MOT

OD

PharmD

DPT

PA

DPM

DPM

RN

Resident

= Eligible

= Not Eligible

Approved States

Approved States

Approved States

WV

AL

GA

IL

KY

NC

OH

SC

TN

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