Physicians Mortgage graphic

Physicians Mortgage

You and your needs are unique and so are our Mortgage Solutions

We’ve created elite mortgage product options specifically with Physicians Thrive clients in mind, giving you the flexibility you need at every stage with a full product suite of conventional loans. Digital applications, closings that come to you, rate discounts and considerations for contract income and student debt make our mortgage solutions just what the doctor ordered!

Home Mortgage

Includes Jumbo and Conventional Mortgages

We understand that your home financing needs change with stages of life. We strive to make you feel at home, before and after your move.

  • A 0.25% rate discount.1
  • $650 off your closing costs.2
  • Up to 100% financing.3
  • No monthly mortgage insurance payments (PMI).4

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PHYSICIANS THRIVE CLIENT MORTGAGE BENEFITS INCLUDE:

  • A 0.25% rate discount.1
  • $650 off your closing costs.2
  • Up to 100% financing.3
  • No monthly mortgage insurance payments (PMI).4
  • Digital application experience and human support when you need it.
  • Saving money with lower monthly payments: No PMI and avoid jumbo rates.
  • Less cash out of pocket: Less money down and even no money down available.
  • Special underwriting guidelines: closing up to 90 days prior to starting a new job.

REFINANCING

Quick and Easy, No Matter your Goal

Refinancing available if mortgage is with another institution or you have not refinanced with Core Bank withing the last six months.

  • A 0.25% rate discount.1
  • $650 off your closing costs.2
  • Up to 100% financing.3
  • No monthly mortgage insurance payments (PMI).4

LEARN MORE »

PHYSICIANS THRIVE CLIENT REFINANCING BENEFITS INCLUDE:

  • A 0.25% rate discount.1
  • $650 off your closing costs.2
  • Up to 100% financing.3
  • No monthly mortgage insurance payments (PMI).4
  • Digital application experience and human support when you need it.
  • Saving money with lower monthly payments: No PMI and avoid jumbo rates.
  • Less cash out of pocket: Less money down and even no money down available.
  • Special underwriting guidelines: closing up to 90 days prior to starting a new job.

Practice Loans

You’re not typical and neither are our lending solutions

We understand every practice has different needs, so unlike many lenders, we’ve got different loan types available for you. At Core Bank you can easily apply and if approved, you may be offered a small business line of credit in addition to your existing term loan or in many cases you can start them at the same time.

 

Step 1: Complete The Application

Our application is simple and can be completed entirely online.

Step 2: Get A Decision

You’ll receive a decision from Core Bank within 48 hours of applying.

Step 3: Receive Your Funds

Once you receive a decision, you’ll receive your funds within two business days.

LINE OF CREDIT

This can be used for managing cash flow, such as buying inventory or making payroll. You can get a revolving credit line, with access to cash when you need it.

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MINIMUM REQUIREMENTS:

TIME IN BUSINESS: 1 Year
PERSONAL FICO SCORE: 650
ANNUAL REVENUE: 50% of Loan Amount
CORE BANK BUSINESS CHECKING ACCOUNT: Yes
REVOLVING LINE LIMIT: $10,000 – $50,000

TERM LOAN

Use your term loan for investments in your practice, such as expansion projects or large purchases. You can get a one-time lump sum of cash upfront, with the option to apply for more when you're halfway paid down.

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MINIMUM REQUIREMENTS:

TIME IN BUSINESS: 1 Year
PERSONAL FICO SCORE: 650
ANNUAL REVENUE: 50% of Loan Amount
CORE BANK BUSINESS CHECKING ACCOUNT: Yes
TERM LOAN LIMITS: $10,000 – $100,000

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1The interest rate discount of 0.25% is offered to borrowers that are Physicians Thrive clients at the time of closing. This 0.25% interest rate discount cannot be combined with other offers, except the Physicians Thrive Client Benefits Program. For Fixed-rate mortgages, the 0.25% rate discount is a permanent interest rate reduction that will be reflected in the Promissory Note interest rate. For adjustable-rate mortgages, the 0.25% rate discount will apply to the initial Fixed interest rate period and will be reflected in the maximum amount the interest rate can increase over the term of the loan, subject to the minimum interest rate that may be charged per the terms of the Promissory Note.
2Core Bank offers up to $650 in lender’s credit towards your mortgage closing costs. Credits cannot exceed borrowers actual costs to close.
3100% financing is only available to interns, residents, fellows, doctors, 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 Surgery (DDS), or Doctor of Medicine in Dentistry (DMD). Only available when purchasing or refinancing with no cash out on a primary residence and loan amount does not exceed $750,000. Retired doctors are not eligible. Additional conditions and restrictions may apply.
4Only available to interns, residents, fellows, doctors, 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 Surgery (DDS), or Doctor of Medicine in Dentistry (DMD). Retired doctors are not eligible. Additional conditions and restrictions apply.

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Core Bank, Bank, Omaha, NE
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