A special 10/1 Adjustable Rate Mortgage designed for qualifying medical professionals. With our Medical Mortgage Program based on our 10/1 Adjustable Rate Mortgage*, you get a loan that’s just right for your needs. Because more people are staying in their homes for 10 years or less, this loan is the perfect size for many reasons.
Apply for a loan
See if you qualify for a Medical Mortgage from Allegacy.
This loan offers an extended fixed interest rate at very competitive rates
We offer zero down payment option for purchase transactions
Ideal for Medical Professionals
Conducive for medical professionals** just starting their careers as eligible applicants may qualify to exclude their student loan debt in their debt-to-income (DTI) ratio
*For example, on a 10/1 Adjustable Rate Mortgage (ARM), the index is the One Year London Interbank Offered Rate (LIBOR) and the interest rate and payment are fixed for the first ten years of the loan. The interest rate cannot increase or decrease more than 5% at first adjustment and 2% per subsequent adjustment from the initial interest rate at each twelve-month adjustment. The interest rate cannot increase more than 5% over the term of the loan. Click for mortgage payment examples. **Medical professionals are defined as being a physician, physician’s assistant, dentist, nurse practitioner and/or pharmacist.
See if you qualify for the Medical Mortgage Program.
When you become an Allegacy member, the benefits aren’t just individual. When you invest with us, we invest in arts, education, health and community service organizations throughout the Triad. It brings us joy to help our community thrive. It’s also the right thing to do.
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