Physician Mortgage
Rates & Terms
Get a clear view of how pricing works, what terms are available, and what to expect as you move from quote to closing. For a personalized rate scenario, request a quote from Matthew Ramsey at Liberty Federal Credit Union.
Loan options & typical terms
Rates vary by credit, loan amount, property, occupancy, and market conditions. These cards summarize common structures; your quote will reflect your exact scenario.
Fixed Rate
Predictable payment
Common terms: 15 or 30 years
Stable principal & interest
Great for long-term planning
Ask about available rate locks
ARM
Lower start rate
Initial fixed period, then adjusts
May reduce early payments
Good for shorter time horizons
Index + margin after fixed period
Construction to Perm
Build then convert
One loan for construction and permanent financing
Simplified builder review
Automatic/free rate float-down upon home completion
Owner-occupied primary residence only
How rates are determined
A few of the most common questions about pricing, locks, and what you’ll see on your quote.
What impacts my interest rate?
Pricing is based on market conditions and your scenario—credit profile, loan amount, property type, term, and other risk factors.
Do you offer fixed and adjustable-rate options?
Yes. The physician mortgage program can be structured as a fixed-rate loan or an adjustable-rate mortgage (ARM), depending on what best fits your goals.
Is PMI required?
No PMI is required under this physician mortgage program structure.
How does a rate lock work?
A rate lock reserves a specific rate for a set period while your loan is processed. Lock options and timing depend on the transaction and current market.
Are there points or lender credits?
Depending on the day’s pricing, you may have options to pay discount points to lower the rate or take lender credits to offset closing costs.
What should I send to get a quote?
Share your state, estimated purchase price or loan amount, down payment (if any), and your expected timeline. Matthew will return a tailored scenario quickly.