Degreed professionals are a step closer to home ownership with our Professionals Mortgage Program. You’ve worked hard to earn your degree and begin your career. Now you’re looking at home ownership, and student loan debt may be affecting your ability to qualify for a home mortgage. At Town and Country Bank and Peoples Prosperity Bank, we understand your unique financial situation. Our Professionals Program helps approve mortgages for teachers, lawyers, and many medical professionals.
Who is Eligible for a Mortgage through the Professionals Program?
Town and Country Banc Mortgage Services is proud to offer home mortgage loans for a number of specialized professionals. The Professionals Program requires at least one borrower to have an acceptable professional designation which may include, but is not limited to:
- Medical Resident
- Medical Fellow
- D in a non-medical profession
- Doctor of Medicine
- Dental Science
- Doctor of Veterinary Medicine
Benefits of the Professionals Program
- Student loan debt may be excluded from debt-to-income calculation with documentation to evidence deferment for at least 12 months
- Medical Residents: A minimum of 6 months residency remaining may use alternative documentation for student loan deferment
- Down payments as low as 3%
Why Choose Us?
Town and Country Bank and Peoples Prosperity Bank serve and empower local communities in Central Illinois and Metro East, one person at a time. Locally owned and operated, we treat our clients like family and are able to originate loans in all states except California, Texas, New York, and Connecticut. We know your time is valuable and make the application process simple and streamlined. Request a consultation with one of our mortgage lenders to learn more about our Professionals Program or apply online today (include hyperlink). Our friendly and attentive staff welcomes you to any of our branch locations in Springfield, Buffalo, Jacksonville, Lincoln, Decatur, Mt. Zion, Edwardsville, Fairview Heights, and Quincy, and our loan production office in Bloomington.