TD Bank

Program Details

TD Bank provides a medical professional mortgage program designed for physicians seeking high loan limits, flexible underwriting, and early-career financing. The program supports purchase and refinance transactions for primary residences and allows future income with signed employment contracts.

Terms

Financing Options

100% financing up to $1,000,000
95% financing up to $1,500,000
89.99% financing up to $2,000,000

Loan Products

30-year fixed
5/6 ARM
7/6 ARM
10/6 ARM

Transaction Types

Purchase
Refinance

Property Types

Single-family homes
Condominiums
Cooperative apartments
Planned Unit Developments

Program Features

No PMI
Employment contract / future income allowed — may close up to 90 days prior to start date
Self-employed borrowers allowed
Borrowers must be out of residency, internship, or fellowship less than 10 years prior to application
Income-based repayment payments allowed for student loans
Seller contributions allowed
Loan recast available

Financing Options

100% financing up to $1,000,000
95% financing up to $1,500,000
89.99% financing up to $2,000,000

Loan Products

30-year fixed
5/6 ARM
7/6 ARM
10/6 ARM

Transaction Types

Purchase
Refinance

Property Types

Single-family homes
Condominiums
Cooperative apartments
Planned Unit Developments

Program Features

No PMI
Employment contract / future income allowed — may close up to 90 days prior to start date
Self-employed borrowers allowed
Borrowers must be out of residency, internship, or fellowship less than 10 years prior to application
Income-based repayment payments allowed for student loans
Seller contributions allowed
Loan recast available

Strengths

Borrowers work exclusively with experienced doctor loan specialists
No down payment options available
No PMI
Fixed and adjustable rate options
Strong service and guidance for medical borrowers

Strengths

Borrowers work exclusively with experienced doctor loan specialists
No down payment options available
No PMI
Fixed and adjustable rate options
Strong service and guidance for medical borrowers

Disclaimers

Rates and programs may change without notice.
All loans are subject to credit approval and underwriting guidelines.

Disclaimers

Rates and programs may change without notice.
All loans are subject to credit approval and underwriting guidelines.

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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