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Exclusive Financing

First Choice Mortgage Advisors offers a highly competitive MD program. This program is available to medical doctors who have a minimum of a M.D., D.O., D.D.S., or D.M.D. degree and an employment contract (or verification of terms of employment acceptance). Medical Doctors including Dentists, Podiatrists, Ophthalmologists are permitted.. 
This program offers 100% financing with no mortgage insurance up to $750,000. 
(Loan amounts up to $2,000,000 are available with reduced LTVs). The program is available for purchase or rate & term refinance (95% maximum LTV for refinance). 

15 year Fixed Rate

Available Products:

30 year fixed Rate

Eligible Property Types 

•    1-2 Unit Principal Residence 
•    Condominium (Warrantable) Standard Fannie Mae Documentation required 
– Non-Warrantable condos restricted to 90% LTV 
•    PUD 
•    Townhome 
•    Modular Homes (i.e. prefabricated homes built to state and local building codes) 

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Ineligible Property Types 

•    Investment Property 
•    Second Home 
•    Manufactured Housing (i.e. homes built on a non-removable steel chassis & transported on their own wheels) 
•    Co-Ops 

Student Loan Flexibility

Student loan payments do not have to be counted as a monthly obligation if they are deferred. 
Special student loan calculator used for loan that are not deferred to allow for more flexible underwriting requirements for MD’s and residents.

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"Lock and Shop" Option: 

•    60 day lock at no cost. 
•    Borrower may lock in for 75 days, with a 0.125% addition to rate, prior to closing without a purchase contract for a specific property, allowing borrower to shop for a property ("lock and shop"). 

•    Borrower must execute a purchase contract within the first 30 days of the rate-lock. If you are not able to provide both the property address and the purchase agreement within the 30 day required period, your rate jumps to (and re-locks in at) the current rate available the day you do provide the address and purchase agreement. 

Gift Funds 

Gift funds can be applied to down payment, closing costs, or cash reserve.

Seller Contribution 

First Choice Mortgage Advisors Doctors Only products must follow Fannie Mae builder contribution guidelines as outlined below. The maximum permitted builder/seller (interested party) contributions are based on the lesser of the property’s sales price or appraised value: 

Libor index.

• 3/1 ARM 2/2/6 caps; Rate is fixed for the first 3 years then adjusts annually. Libor index

• 5/1 ARM 5/2/5 caps; Rate is fixed for the first 5 years then adjusts annually. Libor index.

• 7/1 ARM 5/2/5 caps; Rate is fixed for the first 7 years then adjusts annually. Libor index.

• 10/1 ARM Rate is fixed for the first 10 years then adjusts annually.
Libor index.

• 15/1 ARM 5/2/5 caps; Rate is fixed for the first 15
Libor index


Chris Swartz - First Choice Mortgage Advisors

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A 15-year veteran of the mortgage industry, Christopher Swartz is one of the Managing Partners of First Choice Mortgage Advisors, LLC NMLS 1806583 located in Media, Pennsylvania. First Choice Mortgage Advisors is proud to offer Physician loans in Pennsylvania, advising physicians and MD’s on how to prepare and flawlessly purchase their next home. Christopher has been featured in Forbes Magazine as Market Leader in the mortgage industry back to back yeas in 2019 and 2020. He was 1 of 8 mortgage professionals out of 4,996 in the Philadelphia area to receive this award. Christopher has completed specialized training in physician mortgage lending.  He graduated from Cabrini University with a B.A. in organization business management. 

Christopher is also the host of the FUEL podcast. Where he explores the Foundations, Under Extraordinary Lives. He is the proud father of two daughters Michaela and Giavanna, devoted husband to his wife Lori. In his spare time…. He enjoys playing ice hockey, traveling, fishing and just relaxing with family and friends.

  • Can I qualify for a Physician's loan if I didn't get approved for a regular loan?
    Physician loans are different than your average loan, similar to how doctors are different than your average scientist. The loans we can offer, have special qualifications & criteria. We understand how frustrating it can be to find out you didn't qualify for a loan, even after being pre-approved for it. More than just a bad day, that can cause a HUGE mess for your move. All of the realtors listed on this blog specialize with doctors. They are experienced, and recommended by your peers.
  • Why is the home loan process so complicated?
    The detailed aspects of these loan programs can make you feel overwhelmed, especially the ones with special terms that are only available to medical doctors. It doesn't need to be so complex, and you won't need to get a degree in finance to find and get the loan you need, when you have the support of Real Estate for MDs with Affinity Real Estate Team. We can offer physician mortgage loans, which are specialty home loans developed for those in the medical field. We are here to make sure that you have access to home ownership.
  • How does a loan designed specifically for medical doctors benefit me?
    You may be in the position where you are realizing that getting a loan with acceptable terms is going to be extremely difficult, especially if you are coming out of medical school with a large amount of debt. In your average home loan approval situation, any debt is counted against you and can significantly damage your buying power.. Alternatively, Physician's loans make sure that your student debts are not counted against you and protects and boosts your buying power, while additionally potentially lowering your payments.
  • Who can be considered for one of these home mortgage loans?
    Our Physician home loan mortgage program is designed to assist those who have attended school in order to become a doctor. From recent medical school graduates who are just leaving school and needing to buy their first home, to residents, fellows, new in practice and even established physicians, many medical professionals may find that they qualify for these life changing opportunities.
  • Why do I qualify, even with my enormous student debt?"
    Banks are excited to be able to offer these special loans to physicians, because they know that you are actually a desireable client; The many years that you have studied in your journey to become a medical professional, should never hold you back from being able to buy your dream home. Because they are able to consider the unique position of your situation, banks can move your loan process forward without complications, something that most other traditional loans for other applicants can not do. The dedication shown by medical schooling, along with a promising future as a high-income earner, prevents the banks from being at risk with Physician's loans.
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