Physician Loan

Long Grove Mortgage is the only mortgage broker in Illinois with access to this particular loan program for medical professionals. Terms are highly competitive, and subject to eligibility requirements.

Who Qualifies?

  • M.D., D.O., D.D.S., D.M.D.

  • veterinarians

  • dentists

  • doctors in residency

Program Highlights

  • Purchase or refinance

  • $0 mortgage insurance

  • $0 closing cost options

  • 1-2 unit, condominium, PUD, townhome (owner occupied)

  • 15 YR fixed, 1/1, 3/1, 5/1, 7/1, 10/1, & 15/1 ARMs

  • Lock and Shop options available (lock in your rate, then go find a house)

  • Options for credit scores as low as 680

 

Terms

  • Credit: 700
    LTV: 100%

  • Credit score: 700
    LTV:
    purchase - 95%
    refinance - 90%

  • Credit score: 700
    LTV: 90%

  • Credit score: 700
    LTV: 90%