Medical Professionals Mortgage Program

A Path to Homeownership for Medical Professionals

For many medical professionals, a career in the healthcare field requires more than just years of hard work and dedication: it requires significant financial investment. Unfortunately, that means traditional mortgage terms can end up limiting the loan prospects of medical professionals.

That’s not the case at Guthrie Community Credit Union. We’re proud to offer a Medical Professionals Mortgage Program, which makes the home loan process more accessible for healthcare workers by providing flexible consideration of debt-to-income ratios and no money down required.

Eligible Medical Professionals

All licensed medical professionals in Tompkins, Schuyler, Tioga, Chemung, or Steuben Counties (New York) or Bradford or Tioga counties (Pennsylvania) are eligible to apply.

Medical Professionals Mortgage Program

  • PMI is NOT required
  • Up to 100% loan-to-value (no money down required)
  • Finance up to 6% closing cost
  • Student loans are exempt from debt-to-income ratio
  • All standard Fannie Mae guidelines will be followed
  • Conditional commitment typically received within 5-7 business days

Program Requirements

  • Up to a 30-year fixed term
  • LTV will not exceed 106% (100% for purchase price and up to 6% for closing costs)
  • Full appraisal is required and will be required to be paid prior to ordering
  • 1% origination required or 0.50% added to current market rate
  • Title insurance required on all transactions
  • Auto payment from a GCCU deposit account is required
  • Minimum credit score of 660 required

See All Mortgages & Apply Online

Learn more about available mortgages at GCCU here and then apply online through our mortgage center. Prefer an in-person consultation? We look forward to serving you at our Sayre or Troy, PA branch.