Physician Mortgage Program - Mascoma Bank

Physician Mortgage Program

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Mascoma Bank’s Physician Mortgage Program is a loan tailored specifically to doctors and medical practitioners to allow them to buy a home with a higher loan to value (LTV) ratio without the added expense of private mortgage insurance (PMI). We recognize that medical professionals – especially those at the start of their careers – will often have high debt and low amounts of cash on hand for a down payment, but will also have high earning trajectory over their careers.

This opportunity to finance a primary home purchase with as little as 5% down is available to interns, residents, fellows, and practicing doctors, dentists, clinical professors, researchers, or managing physicians with a current license and a degree of Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Dental Medicine (DMD), Doctor of Dental Surgery (DDS), Doctor of Podiatric Medicine (DPM) or Optometry (OD). Additional conditions and restrictions may apply. Subject to credit approval and subject to change without notice.

Meet Our Mortgage Lenders


  • New home purchase and “no-cash out” refinances are eligible 
  • Program does not include construction or rehab loans
  • Single family, owner occupied houses and condominiums
  • Standard mortgage pricing, including jumbo mortgage options
  • Maximum LTV/TLTV:  95%
  • No Secondary Financing
  • No PMI required.

Disclosures: Subject to credit acceptance and property approval. Homeowner’s insurance and flood insurance (if applicable) required. Other Terms and conditions may apply. Example – A loan amount of $200,000 with 20% down, with an interest rate of 4% (Annual Percentage Rate of 4.022) will result in a monthly principal and interest payment of $4.77 per thousand. Rate and terms subject to change without notice.