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Medical Doctor Program
100% Conventional Mortgage:
- 0% down payment
- No mortgage insurance required
- 740 minimum credit score
- Purchase only
- 6% max seller’s assistance for buyer’s closing costs
- Must be owner-occupied
- Gift funds allowed for closing costs
- Borrower must qualify with all student loan debt
- Must have executed unconditional, guaranteed, non-revocable medical contract reflecting reasonable start date (within 60 days of settlement)
- Sufficient reserves/income to support debt until start date of employment
- Maximum loan amount $417,000
Important Notice: Interest Rates and Maximum Loan-to-Value may be based on Credit Score, Property Type, Occupancy, Purpose, Investor, Insurer, Loan to Value and other factors. Additional investor, insurer and Orrstown Bank criteria/conditions apply to all products. Information provided is for illustrative general use only and does not contain all qualification and automated underwriting approval requirements. Orrstown Bank reserves the right to change this information at any time. Meeting any of the criteria does not constitute a commitment to lend.