Professional Mortgages

Your hard work deserves to be recognized
It’s your Advantage

Home Lending Designed For Professionals

1st Advantage is redefining home loans with programs designed specifically for medical professionals, physicians, attorneys, and more.

You Traveled A Long Road To Get Where You Are

Between a large student loan balance and just starting your career, buying a home can seem like a long shot. At 1st Advantage, we can help you close the gap between your earning potential and homeownership. Our Professional Mortgage program offers…

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Higher Loan Amounts

We’ll help you borrow more to secure the home you want.

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Up to 100% Financing

Take advantage of greater purchasing power and we’ll help you finance up to 100% of the cost of your home.

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No Private Mortgage Insurance

When you finance with 1st Advantage, you don’t pay private mortgage insurance for the life of your loan.

What Is A Professional Mortgage?

Unlike a traditional mortgage, the Professional Mortgage Program is designed to help new professionals buy a home.

Guidance in your home buying journey

At 1st Advantage, a Professional Mortgage is a home buying program with specific benefits designed to help new, licensed and practicing professionals…

  • Purchase a home with no money down
  • Refinance your current mortgage to better suit your needs
  • Avoid paying Private Mortgage Insurance
  • Free up money for paying off student loans or investing

We can help you decide if this type of mortgage is right for you and guide you on your home buying journey from pre-qualification, the application, and closing.

Today’s Rates

Mortgages for Professionals

Term

Rate (as low as)

Annual Percentage Rate (APY)*

6. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Fixed 6.000% rate/ 5.940% APR for the first five years. The interest rate is current as of 2/17/2024. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. After the five year fixed-rate period, your interest rate is subject to change- up or down according to market rates at the time of reset and each five years thereafter. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30-year, $200,000, 5-year Adjustable-Rate Loan at 6.000% rate/ 5.940% APR and 80% loan-to-value (LTV) is $1,199.10. Payments are estimates and include only principal and interest. Rate is variable and can increase by no more than 2% every 5 years with a lifetime maximum adjustment of 5%. Since the index in the future is unknown, the First Adjustment Payment is based on the current index plus a margin (fully indexed rate) as of the date above. After 15 years, the maximum possible payment is $1,467.52. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions may apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.

7. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate is current as of 2/17/2024. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 25 year, $200,000 fixed rate loan at 6.500% / 6.632% APR and 80% loan to value (LTV) is $1,350.41. Payments are estimates and include only principal and interest. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. The interest rate charged, and the annual percentage rate are constant for the life of the loan. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.

8. APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. The interest rate is current as of 2/17/2024. No Private Mortgage Insurance. Up to 100% LTV for purchases. Minimum loan amount is $100,000 and maximum loan amount is $1,500,000. Offer applies to medical professionals (licensed residents/interns/fellows in MD, DO, DPM, DDS, DVM, NP, PA and other practicing medical professionals with master’s level education and above. Borrower must have a credit score of 670 or better depending on credit qualifications. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. The payment on a 30 year, $200,000 fixed rate loan at 6.750% / 6.871% APR and 80% loan to value (LTV) is $1,297.20. Payments are estimates and include only principal and interest. Property insurance and, if applicable, flood insurance is required. These payments do not include taxes and insurance premiums. The actual payments will be greater, and rates provided are based on current market rates, and are informational only. Some restrictions apply. This rate is applicable for owner-occupied purchase of a single-family dwelling. The interest rate charged, and the annual percentage rate are constant for the life of the loan. All Credit Union loan programs, rates, terms, and conditions are subject to credit approval and may change at any time without notice. Interest rates are subject to change and are based on credit score, loan product, loan term, loan value, and reserves.

Term

5/5 ARM

Rate (as low as)

6.000%

Annual Percentage Rate (APY)*

5.940%6

Term

25-Year Fixed

Rate (as low as)

6.500%

Annual Percentage Rate (APY)*

6.632%7

Term

30-Year Fixed

Rate (as low as)

6.750%

Annual Percentage Rate (APY)*

6.871%8

Estimate your monthly mortgage payment

Enter a total loan amount and planned down payment into this calculator to estimate your monthly mortgage payment.

Calculated payments shown are for estimation purposes only. Actual loan payment amount will be disclosed at loan closing and may differ slightly.

How Do You Qualify?

We consider specific details of your career, including the amount and management of student loan debt, as well as overall earning potential in your specific career area.

Occupations that qualify for a Professional Mortgage include…

  • Licensed residents
  • MD, DO, DPM, DD, NP, PA
  • Pharmacists
  • Veterinarians
  • Attorneys
  • Certified Public Accountants (CPA)

Our Award-Winning Mortgage Team

Our friendly mortgage professionals are here to help. Contact us to get started today.

Alicia Bowen Headshot

Alicia Bowen

Mortgage Sales Manager

NMLS #305735

757-715-2412

abowen@1stadvantage.org

 

Tamela Photo

Tamala Olszewski

Mortgage Loan Officer

NMLS #1581742

757-886-3356

tolszewski@1stadvantage.org

Photo of Shayla Croom

Shayla Croom

Mortgage Loan Officer

NMLS #2122939

757-658-8524

scroom@1stadvantage.org

Susan Ward Headshot

Susan Ward

Mortgage Sales Coordinator

NMLS #1816060

757-968-5805

sward@1stadvantage.org

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