Physicians Mortgage
A Physicians Mortgage is created specifically for those in the medical field, offering flexible financing options that recognize your unique career path. Whether you’re just starting out or advancing in your profession, this loan helps make homeownership more accessible.
Why Choose an Physicians Mortgage?
- Low to no down payment options available
- No private mortgage insurance (PMI) on qualified loans
- Flexible loan structures including fixed and balloon options
- Designed for medical professionals with unique financial situations
Is a Physicians Mortgage Right for You?
A Physicians Mortgage may be a great fit if you:
- Are a doctor, resident, fellow, or other qualified medical professional
- Have limited savings due to student loan debt
- Are starting a new role with future income growth
- Prefer to minimize upfront costs when purchasing a home
- Want financing tailored to your profession
Loan Details
- Available for new home purchases and refinances
- Flexible term options including fixed and balloon loans
- Multiple financing tiers may be available:
- 0% down with no PMI (up to qualifying limits)
- Low down payment options with no PMI for higher loan amounts
- Designed to accommodate high student loan balances
Our Experts Can Help
No matter where you are in Michigan, our friendly team of mortgage experts is here to guide you through every step of the home-buying journey. From pre-approval to closing, we’ve got you covered. Come share your story with us—we’d love to help make your homeownership dreams come true!
Local Lending Pros
- Our local mortgage lending experts know your community because they live and work there
- Your mortgage lender will be with you through the entire process, from pre-approval to closing
- Our team can give you helpful payment info and other insights about the process
- Tell our team your story. We’re sure to have a solution to fit your needs, and your budget.
Mortgage Resources
We want to make sure your home buying experience is as easy as possible. We’ve dedicated a section of our blog to mortgage and home buying topics. We hope you find them helpful. If you have questions, reach out to our Mortgage Team or give us a call at 800.442.2800.
Honor Credit Union is a proud member of:
*APR = Annual Percentage Rate. Your rate may be different depending on your credit profile and home value. Rates are subject to change without notice. Additional restrictions may apply.
*Additional Information
Eligibility requirements apply. Physicians Mortgage programs are available to qualified medical professionals. Loan terms, limits, and options may vary. Contact us for full details.