Citizens Bank Physician Mortgage Loan products are available in 22 states.
Delaware, Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Maryland, Maine, Michigan, North Carolina, South Carolina, New Hampshire, Pennsylvania, Rhode Island, Tennessee, Virginia, Vermont, West Virginia, Georgia, Minnesota, New York, New Jersey, Ohio.
- Up to 95% financing with lender paid mortgage insurance for loan amounts up to $850,000
- Up to 89% financing with no mortgage insurance
- $1 million maximum loan amount
- Student loan debt deferred for at least 12 Months excluded from debt-to-income ratio
- Construction-to-permanent financing eligibility – maximum 89% financing
- Primary residence only
- PUDs and Condos
- 720 Minimum Credit Score – Doctor Loan only
- LTV < 90% maximum DTI is 43%
- LTV >/= 90% maximum DTI is 40%