Doctor's Advantage Loan

Where your medical career meets home ownership.

After years of investment in education and career, owning a home might seem like a distant goal. The Doctor's Advantage Loan from Range Bank offers medical professionals the opportunity to own a home with flexible qualification criteria and a low down payment.

Doctor's Advantage Loan Key Features¹:
  • No money down 
  • No PMI
  • 100% financing options available
  • May exclude student debt


  • New Resident Doctors
  • Doctors
  • Dentists
  • Veterinarians
  • Podiatrists
  • Ophthalmologists
  • Pharmacists
  • Chiropractors
  • Optometrists
  • Medical Residents²
  • 7- or 10-year ARM, rate plus ½% on the posted rate sheet
  • Maximum amortization 30 years
  • Single family owner occupied
  • No Primary Mortgage Insurance (PMI)
  • Maximum DTI 45% - higher DTI on an exception basis
  • Minimum FICO 680
  • No appraisal waivers or "subject to" appraisals
  • ¹Student loan debt excluded from Debt-to-Income (DTI) only if in deferment or forbearance
  • ²Borrower must have a signed non-contingent employment contract
  • Manufactured Housing
  • Construction Loans
  • Non-occupant borrowers/co-borrowers
  • Non-traditional credit







Program only available to medical doctors who have a minimum degree of MD, DO, DVM, DPM, DDS, or DMD and proof of sufficient income or active employment contract with proof of sufficient income and reserves. Minimum reserves required vary depending on amount of the loan. Loan-to-value (LTV) financing options vary based on customer FICO score. Program is limited to the purchase of a primary residence or refinance of a personal residence. All loans are subject to application and credit approval, satisfactory appraisal and title insurance.

Mortgage

Not just a house - a Home.

Unlock it with a mortgage from Range Bank.