Fulton Mortgage Company Physician Mortgage Loans

The Physician Home Mortgage Process—The Pre-Approval

Fulton Mortgage Company Physician Mortgage Loans

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Doctor Mortgage: Pre-Approval—Streamlining the Home Buying Journey

With a market filled with potential “perfect” homes, choosing the right one is a challenge to say the least. Stories abound of buyers spending every weekend attending open houses and canvasing neighborhoods, in an attempt to find “the one.” However, physicians often have extremely busy schedules—and when they do have a day off, browsing double-digit homes is not their ideal weekend activity. Knowing what you can reasonably afford can streamline the time-consuming process of purchasing a home.

The pre-approval process offers several benefits and no real negatives; and why not get the first steps completed right away, making the loan paperwork more efficient? By gathering and submitting your financial information for pre-approval, you will reduce the amount of time spent once you have chosen your property. Additional benefits include:

  • Giving your real estate agent clear parameters for potential properties
  • Spend your valuable time looking at the right houses
  • Discover any potential issues in your credit rating before making an offer
  • Improve your credibility with Sellers—your offer looks better
  • Close on the property faster—much of the legwork is done

Doctors, with a more complicated financial experience, benefit from any streamlining of the physician mortgage process. With long weeks and short weekends, pre-planning and time saving techniques are especially attractive to their crazy schedules. And although gathering financial documents when you are working for a clinic or hospital are straightforward, even if you are self-employed, you can still obtain pre-approval in a reasonable amount of time.

The Lenders

Today’s home mortgage market has many players, each offering something a little different for doctors looking to purchase a home. However, lenders who offer physician mortgage products understand the uniqueness of doctors’ finances, from the prevalence of medical school debt to the reputation of outstanding repayment by those in the medical industry. A lender who specializes in physician home mortgages can offer attractive rates and the guidance busy medical professionals need to tackle the mortgage process. In this series, we are providing potential borrowers with information about lenders who provide financial services for members of the medical community.

Today we introduce Fulton Mortgage Company. A division of Fulton Bank and part of Fulton Financial Corporation, the institution was established in 1882 and offers financial services in 6 states in the Mid-Atlantic region. Mortgage offerings include primary home purchase, refinance, and even new construction. Fulton also caters to low- and middle-income families, offering income-based and government-insured programs.

Get started

Fulton Mortgage Company’s Doctor Mortgage Program includes:

Minimum Credit Score


States Available


Loan Amounts For Residents & Fellows

100% Financing up to $1,500,000
Borrowers can purchase up to 60 days prior to their employment contract start date

Loan Amounts For Practicing Physicians

100% Financing up to $1,500,000

Eligible borrowers include

Medical Doctor (MD)
Doctor of Osteopathy (DO)
Doctor of Dental Surgery (DDS)
Doctor of Dental Medicine (DMD)
Doctor of Veterinary Medicine (DVM)
Doctor of Pharmacy (PharmD)


15-year fixed, and 3/1, 5/1, 7/1 and 10/1 adjustable rate mortgages
Eligible medical professionals must not be out of training for more than 10 years unless relocating, in which the 10-year rule does not apply
No reserves are required

Fulton Bank and Fulton Mortgage Company as a division thereof, offers financial services which include personal and commercial banking, investing, wealth management and mortgages. Dedicated to serving lower income communities throughout this area, Fulton Mortgage Company was recently honored by the AHCOPA (Affordable Housing Centers of Pennsylvania) with its first Community Revitalization Award. To find out if Fulton Mortgage Company may be the right fit for your doctor mortgage needs, visit their website here. To discover other lending options dedicated to providing outstanding loan rates and features for physicians, read our entire series of lender reviews.

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