Physician Mortgage Program

We’re proud to care for those who care for us! Our Physician Mortgage Program helps doctors, dentists, and orthodontists reach their homeownership goals with no PMI and as little as 0% down.

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Lower monthly payments with no PMI premiums.

Private Mortgage Insurance (PMI) is typically required when you make a down payment of less than 20% on the home’s purchase price. With no PMI on your mortgage, you can save hundreds of dollars each month.

Additional Highlights and Savings

Choose from fixed-rate and adjustable-rate loans, to fit your budget and long-term goals.
Enjoy no closing cost options, helping you save money upfront and making homeownership more affordable.¹
Save more with no application fee.
Make biweekly payments to help you pay off your mortgage faster and reduce interest costs.
With our on-time closing guarantee, we’ll make sure your home purchase is completed on schedule for a stress-free experience.²
Re-lock your mortgage at a lower rate if rates drop, giving you added flexibility and potential savings during the loan process.³
With no pre-payment penalties, you have the freedom to make extra payments on your loan without any additional fees.

Who is Eligible?

Doctors, dentists, and orthodontists who hold the designation of MD, DDS, DMD, or DO.

Borrow up to 100% Loan to Value (LTV).

Down Payment	Loan Size
0%	Up to $1.0 million
5%	Up to $1.5 million
10%	Up to $2.0 million

Our mortgage experts are here for you.

Have questions or need help along the way? We are here to serve you! Call (888) 413-0672 to talk with one of our mortgage lending experts.

FAIRWINDS NMLS #715408

Loans are subject to credit union membership eligibility, credit approval, and verification of information provided on the application. Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice.

¹ All normal closing costs are paid by FAIRWINDS. This includes the application fee, origination charge, appraisal, title insurance, settlement and search fees, recording fees, and mortgage document stamps. This does not include the prepaid escrow, first year’s homeowner’s insurance, property taxes, interim interest, and, in the case of a purchase, owner’s title insurance or deed document stamps, which are normally paid by the seller. If the loan is paid off within 3 years, you will be required to repay the closing costs paid by FAIRWINDS. This No closing costs offer is not available in Massachusetts.

² Payment made in the form of credit applied to closing costs. The delay must be caused by FAIRWINDS Credit Union in order to be eligible for the $5,000 credit towards your closing costs, $3,000 towards the buyer’s Closing Costs, and $2,000 towards the seller’s Closing Costs.

The closing date must be at least 30 days from the later of the loan application date and the purchase contract date.
All documents must be submitted to FAIRWINDS within 2 business days of a request: full income verification, complete asset statements, credit reporting documents, and any other documentation requested.
There are no credit-related disputes, such as credit reporting errors, which must be rectified prior to loan closing.
If Federal law requires a 3-day delay when providing updated disclosures, this duration shall not be included in a delay.
The appraisal report on the home must assign a value to the home equal to or greater than the purchase price of the home. The appraisal report must be acceptable to FAIRWINDS Credit Union.
Promotion is available for loan-to-values 97% or less.
You may not change the loan program or down-payment amount during the loan process.
All information listed on your loan application must be accurate and free of errors or omissions.
The closing may not be delayed by the seller or a third party, such as a real estate attorney or title company, failure to obtain a homeowner's insurance policy, flood zone determinations, inclement weather, a natural disaster, or other emergency outside of FAIRWINDS' control, etc.

You must close and fund the loan with FAIRWINDS Credit Union to receive the $5,000 credit toward your closing costs, $3,000 towards the buyer, and $2,000 towards the seller.

Offer applies only to loans to finance the purchase of a home. Offer not available on Construction-permanent financing, jumbo loan financing (loan amounts in excess of $726,200), home equity loans, home equity lines of credit, non-owner-occupied residences, short-sale purchases, bank-owned/investor-owned properties, refinance transactions, condominiums, land, mobile home properties, or government loan programs. This program is subject to change and may be discontinued at any time.

³ Rate re-lock is available for mortgage purchase and mortgage refinance. After the first relock, there is a charge of $250.00 for each relock of the interest rate. The final interest rate must be locked in at least seven days prior to the closing of your loan. If you choose to relock more than once, the fee is due at the time of the rate relock and is charged for each relock. This offer is subject to change at any time. Certain terms and restrictions apply. Applicants choosing to participate in the Fannie Mae HomeReady®, FHA, or VA programs are not eligible for the FAIRWINDS relock program.