Professional Loans
First Commercial Bank offers special home loans for professionals who have obtained specific licenses or degrees.
Unique mortgage programs for doctors, dentists, attorneys, and other professionals.1
Advanced degrees and training for professions is often coupled with a fairly significant student loan burden. If you are a resident, recent medical school graduate or one of the listed professionals in the first 10 years of your career, our Professional Loan program is specifically designed to offer flexible terms to help you with your first time home purchase.
FEATURES YOU'LL LOVE:
- Loan amounts up to $1.5 million
- Low or no down payment options
- Adjustable rate options
- No mortgage insurance required
- Purchase and rate/term refinance available for primary residence
Speak with one of our financial experts today to prepare a professional loan that fits your needs.
Eligible Borrowers
PROFESSIONAL LOANS ARE FOR THOSE LICENSED AND EMPLOYED AS A:
- Medical Resident (Educational License)
- Doctor of Medicine (MD)
- Doctor of Dental Surgery (DDS)
- Doctor of Dental Medicine (DMD)
- Doctor of Optometry (OD)
- Doctor of Ophthalmology (MD)
- Doctor of Pharmacy
- Doctor of Podiatric Medicine (DPM)
- Doctor of Osteopathy (DO)
- Physician's Assistant
- Registered Nurse
- Certified Public Accountant (CPA)
- Attorney
- Doctor of Veterinary Medicine (DVM)
- Nurse Anesthetist
- Nurse Practitioner
- Clinical Nurse Specialist
- Airline Transport Pilot (ATP)
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Programs for qualified borrowers. All borrowers subject to credit approval, underwriting approval and lender terms and conditions. Programs subject to change without notice. Some restrictions may apply. Not a commitment to lend. A loan advisor will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.
1Purchase or rate/term refinance of a 1-unit primary residence. Not available in Puerto Rico or the U.S. Virgin Islands. Programs for qualified borrowers. Subject to credit approval, underwriting approval, and lender terms and conditions. Programs subject to change without notice. Primary residence only. Restrictions may apply. Not a commitment to lend. Borrower is required to establish a checking or savings account with First Commercial Bank unless borrower is an existing customer. At least one occupying borrower must hold a valid license within one of the eligible professional fields and meet all of the following requirements: Borrower must be actively engaged in one of the listed professions for a period not longer than ten (10) years and for purchase transactions the borrower must be a first-time home buyer or have not owned a home within the past three (3) years to qualify. Borrower must open or have a checking or savings account with First Commercial Bank to participate.
CONSIDERATIONS:
- Fees and charges may vary by product and state.
- Please consult your tax advisor regarding the deductibility of interest.