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Medical Professional Home Loans

Medical Professional Home Loans

Buy a home in the community you serve.

Affordable Home Loans for Medical Professionals

You’ve served the community, now it’s time for us to return the favor. Leaders’ Medical Professional Home Loans offer special features and low rates designed to help you buy a home.

Medical Professional Home Loans Are Here for You

It’s time to achieve your dream of becoming a homeowner. Are you:
An M.D., dentist, or other qualified medical professional?
Struggling to save for a down payment while paying student loans?
Hoping to save money on closing costs?
Looking for affordable rates on refinancing?
In search of simple tools to help you manage your mortgage?
Ready to own a home in the community you serve?
Apply For Medical Professional Loan
Medical Professional Home Loans
low down payment

No and low down payment options available

No closing cost

No closing cost option available

Apply gifts

Apply gifts and seller contributions toward closing costs

Highlights

Medical Professional Home Loans

Mortgages to put qualified medical professionals in a home they love.

Apply for Medical Professional Loan
private mortgage insurance

No private mortgage insurance required and no early repayment penalty

loan portal

Intuitive loan portal to track your mortgage progress

low down payment

No and low down payment options available

No closing cost

No closing cost option available

Apply gifts

Apply gifts and seller contributions toward closing costs

private mortgage insurance

No private mortgage insurance required and no early repayment penalty

loan portal

Intuitive loan portal to track your mortgage progress

Get Approved Today

Easy online application process
Get Started

Testimonials

What Our Members Are Saying About Leaders

Frequently Asked Questions About
Home Loans

A mortgage is a loan to finance the purchase of your home. A mortgage loan may also be used in the refinance of an existing home (mortgage) loan.

 

The home you purchase acts as the collateral for the loan, which is a legal contract you sign to promise that you'll pay the debt, with interest and other costs. The typical term for a mortgage loan is between 15 and 30 years.

 

To repay the debt, you make monthly installments or payments that typically include (PITI):

 

  • Principal
  • Interest
  • Taxes
  • Insurance 

Leaders Credit Union offers mortgage loans at affordable rates.

Along with Medical Doctors (M.D.), eligible medical professionals include: Doctors of Dental Sciences (D.D.S), Dental Surgeons specializing in oral and maxillofacial surgery (D.M.D), Doctors of Optometry (O.D.), Doctors of Podiatric Medicine (D.P.M.), Doctors of Osteopathy (D.O.), Doctors of Pharmacy (Pharm.D.), and Nurse Anesthetists (CRNA).

Yes. Medical professionals can get mortgages with a 100% loan-to-value ratio (no down payment) and refinancing is available up to a maximum of 95% LTV. The cash-out refinance option has a maximum LTV of 80%.

Mortgage insurance is insurance that protects the lender in the event you default on your loan. Certain lending programs, such as the FHA’s program, require mortgage insurance. Leaders Credit Union does not require private mortgage insurance for Medical Professional Home Loans.

Yes. Leaders Credit Union understands that medical professionals who have recently graduated may not have started their jobs yet. You have the option of scheduling your closing up to 45 days before you start your job.

Still have questions? Visit our Help Center.

Do You Have Mortgage Questions?

Schedule a free appointment with one of our Mortgage Champions and we’ll help you choose the best home loan for your needs.

Contact Mortgage