First Citizens Bank

Program Details

Eligible Professions
MD, DO, DDS, DMD, Residents, Fellows, PA, NP, CRNA, OD, DPM

Citizenship Status
U.S. Citizens, Permanent Resident Aliens, and Non-Permanent Resident Aliens

Loan Purpose

Purchase
Refinance
Construction-to-Permanent
Renovation

Loan Types

Fixed-rate mortgages
Adjustable-rate mortgages (ARMs)
(Product availability varies by loan amount and occupancy type.)

Key Benefits

Up to 100% financing available
No PMI on medical mortgage products
High loan limits with tiered down payment options
Flexible student loan underwriting, including deferred and income-based repayment plans
Future income accepted — loans may close up to 60 days before start date
Gifted down payments and reserves allowed
No limit on years in practice for established physicians
Loans are retained and serviced in-house

Terms

Primary Residence

100% financing up to $1,000,000
95% financing up to $1,250,000
90% financing up to $1,500,000
80% financing up to $2,000,000
75% financing up to $3,000,000

Second / Vacation Home

89.99% financing up to $1,250,000
85% financing up to $1,500,000
80% financing up to $2,000,000

Construction & Renovation

89.99% financing up to $1,500,000
85% financing up to $1,750,000

Minimum Credit Score: 680

Primary Residence

100% financing up to $1,000,000
95% financing up to $1,250,000
90% financing up to $1,500,000
80% financing up to $2,000,000
75% financing up to $3,000,000

Second / Vacation Home

89.99% financing up to $1,250,000
85% financing up to $1,500,000
80% financing up to $2,000,000

Construction & Renovation

89.99% financing up to $1,500,000
85% financing up to $1,750,000

Minimum Credit Score: 680

Strengths

One of the most flexible physician programs in terms of borrower types and citizenship
Very high loan limits across all occupancy types
No PMI even at high LTVs
Flexible student loan treatment supports early-career physicians
Accepts future employment contracts
Strong service model with loan servicing retained by the bank

Strengths

One of the most flexible physician programs in terms of borrower types and citizenship
Very high loan limits across all occupancy types
No PMI even at high LTVs
Flexible student loan treatment supports early-career physicians
Accepts future employment contracts
Strong service model with loan servicing retained by the bank

Disclaimers

Program guidelines, rates, and loan limits are subject to change without notice.
All loans are subject to full underwriting approval.
Terms vary by credit profile, property type, occupancy, and state.
Student loan treatment and future income acceptance are subject to documentation and lender discretion.
This summary is based on the White Coat Investor partner page and lender-provided details and should be confirmed directly with First Citizens Bank.

Disclaimers

Program guidelines, rates, and loan limits are subject to change without notice.
All loans are subject to full underwriting approval.
Terms vary by credit profile, property type, occupancy, and state.
Student loan treatment and future income acceptance are subject to documentation and lender discretion.
This summary is based on the White Coat Investor partner page and lender-provided details and should be confirmed directly with First Citizens Bank.

Eligible Degrees

DDS/DMD

Fellow

Intern

MD/DO

CRNA

OTD/MOT

PharmD

DPT

DPM

Resident

= Eligible

= Not Eligible

Eligible Degrees

DDS/DMD

Fellow

Intern

MD/DO

CRNA

OTD/MOT

PharmD

DPT

DPM

Resident

= Eligible

= Not Eligible

Approved States

BANKER

No Banker Currently Available.

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