Physician Loan

A popular Doctor Loan program in Long Grove, Illinois.

If you’re seeking a Doctor Loans in Long Grove, Illinois, look no further. 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%

Take the First Step

When it comes to niche mortgage products and programs, an independent mortgage broker like Long Grove Mortgage has more competitive options than a big bank or retail lender. If you’re a doctor seeking to purchase or refinance in Long Grove, Illinois, reach out now to take the first step.