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TAILORED MORTGAGE SOLUTIONS

Physician Home Loans

Physician mortgages offered through Colorado-based Canvas Credit Union

designed for you

Physician Mortgage Loans

We understand that as a resident, fellow, or attending physician, your unique financial circumstances can make it hard to qualify for a home loan, including:

arrow alt circle right iconextensive student loan debt

arrow alt circle right iconlimited or no down payment

arrow alt circle right iconcomplicated pay structure

arrow alt circle right iconneed to purchase a home before starting a new, higher paying job

Work with a lender who can offer an attractive physician mortgage solution to overcome these hurdles on your path to home. Plus, streamline the process to save you time and energy. By proactively submitting your file for underwriting approval upfront, we help you avoid stressful surprises once under contract on a home.

How Does a Physican Home Loan Benefit Me?

  • 0% DOWN PAYMENT UP TO $1M LOAN AMOUNT
  • 5% DOWN PAYMENT UP TO $1.25M LOAN AMOUNT
  • 10% DOWN PAYMENT UP TO $1.5M LOAN AMOUNT
  • NO PRIVATE MORTGAGE INSURANCE
  • 30 year fixed rate
  • Very competitive rates and low fees
  • Favorable student loan repayment calculation
  • Can use gift funds for down payment
  • Buyer must contribute 1% of sale price which can be paid out of pocket, by gift funds, or seller credit
  • Close prior to employment start date
  • Portfolio loan product, servicing remains with Canvas Credit Union

Who Can Take Advantage of a Doctor Loan through Canvas Credit Union?

Licensed Interns, Residents, or Fellows in a medical residency or Doctors who have completed residency within the last 36 months including:

Medical Doctors (MD)
Dr. of Osteopathy (DO)
Dr. of Dental Surgery (DDS)
Dr. of Dental Medicine (DMD)
Dr. of Optometry (OD)

Dr. of Ophthalmology (MD)
Dr. of Podiatric Medicine (DP)
Dr. of Surgery (DCH)
Dr. of Psychiatric Medicine (DPM)
Dr. of Veterinary Medicine (DVM)
Dr. of Chiropractic (DC)
Dr. of Pharmacy (PharmD)

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“Olivia & Todd rewrote what you would think the home buying process would be like. A task that is normally extremely stressful and downright dread-worthy became flawless & worry-free. MedicalPRO HOME helped my wife and I, an ER Nurse & an Emergency Physician, navigate this process. They allowed us to continue working our jobs knowing that everything was handled on the home front. I can’t say enough wonderful things about this team & program. We feel like we won the lottery with finding their help.”

 

-Bekah & Chelsea | Littleton, CO

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milehimodern is a licensed Real Estate Brokerage Firm in the State of Colorado.

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