Medical Mortgage Program

Designed for qualifying medical professionals.

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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.

Not the typical ARM

This loan offers an extended fixed interest rate at very competitive rates.

$0 Down

We offer zero down payment option for purchase transactions.

Medical Mortgage Program Rates

Program

Rate

APR*

*APR = Annual Percentage Rate. Rates are subject to change without notice. Rates last updated on 11/30/2023 at 4:45pm (EST). Mortgage rates are based upon a variety of assumptions and conditions. The credit score used in this estimate may be higher or lower than your personal credit score. A loan’s interest rate will depend upon specific characteristics of the loan and the credit history through the time of closing.

Program

10/1 ARM (Conforming-30 year term) Medical Professional Program

Rate

6.000%

APR*

5.109%

Program

10/1 ARM (Jumbo-30 year term) Medical Professional Program

Rate

5.750%

APR*

4.875%

See Mortgage Loan payment examples »

Calculators to help you choose the right mortgage for you.

What others are saying ...

The Allegacy team was very knowledgeable, kind and always available to answer my questions.

Kimberley
— Concord, NC

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Disclosures

*For example, on a 10/1 Adjustable Rate Mortgage (ARM), the index is the average yield on U.S. Treasury securities adjusted to a constant maturity of one year, as made available by the Federal Reserve Board 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 practicing physicians with employment contracts or practicing > 1 year, Resident, Intern, Fellows, Registered Pharmacists, Physician Assistants, Nurse Practitioner, RNBSN, medical professionals with PHDs, and Dentists.

Adjustable rate mortgages are available in CA, CT, DE, District of Columbia, FL, GA, IL, IN, MD, NJ, NC, PA, SC, TX, VA, WV. Conventional fixed rates are available in all states, except NY, NV and HI.