Welcome SOMA Members

PhysicianLoans is proud to be a member benefit of SOMA

PhysicianLoans is known for helping advise hundreds of students on home buying and home financing and have provided scholarships to over 40 students. We even have a colleague on the SOMA Foundation Advisory Board, providing valuable guidance to the organization.

Why? Because we want SOMA members to receive the latest information and tools on home financing and buying. If you are planning to buy a home, PhysicianLoans and SOMA make getting started easy.

PhysicianLoans offers home financing with less money down, no PMI, great rates, and expanded underwriting guidelines when compared to standard loans. By using our physician loan program, not only are you getting a physician mortgage loan, but also a knowledgeable loan officer to guide you through the home buying process.

SOMA members are eligible for a $750 closing cost discount when purchasing or refinancing with PhysicianLoans.

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Our Easy Steps to Success

The support you need when buying a home, in just a few easy steps.
Step 1

Be Matched With A Mortgage Loan Officer

Work with an experienced mortgage loan officer who can help you get the financing you need.

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Get started online or call us today at (877) 593-9313.

Step 2

Pre-Qualify for a Loan

Your loan officer will provide a free pre-qualification so that you can begin your search for a place to call home.

Step 3

The Mortgage Process

With your mortgage loan officer by your side, you’ll have someone with you to help simplify the process and answer any questions.

Program only available to medical doctors who have a minimum degree of M.D., D.O., D.M.D., D.V.M., or D.D.S. and proof of sufficient income or active employment contract with proof of sufficient income and reserves. Minimum reserves required vary depending on amount of the loan. Maximum loan amount at 100% financing is $1,000,000, at 95% financing is $1,250,000 and 90% financing is $2,000,000. Loan-to-value (LTV) financing options vary based on customer FICO score. Maximum overall loan amount is $2,000,000 with a maximum overall cash out option of $250,000 for refinances. Program is limited to the purchase or refinance of a primary residence. All loans are subject to application and credit approval, satisfactory appraisal and title insurance.