PhysicianLoans is the specialty division of Tower Mortgage Corp, founded in 1993. We offer a unique product — a Physician Loan, available only to medical doctors, dentists and veterinarians.
Although we are a “brick & mortar” company based in Columbus, Ohio, PhysicianLoans is licensed in 18 states. As such, each of our Loan Officers holds all the appropriate licenses to conduct business in those states.
Because the PhysicianLoans product is exclusive to the medical community, we spend dedicated time educating physicians about home loan financing. Medical schools and hospitals across the nation have invited us to conduct seminars about home financing for graduates and doctors.
During these seminars, one of the most asked questions is about affordability of a home when saddled with educational debt. Once doctors learn about this unique home loan product, they see light at the end of the tunnel and a chance to grab the brass ring of home ownership without delay.
We take great pride in having pioneered a product that makes it possible for new doctors to purchase a home. Our loan helps doctors by clearing hurdles such as high debt ratios and few assets, which would disqualify new doctors from traditional loans. Scaling past that barrier allows doctors to buy a home straight from medical school, without incurring additional private mortgage insurance (PMI) fees.
You’ll find our Loan Officers are not just sales people. Instead, you’ll work with trained professionals who have made a career of serving the financial needs of physicians buying homes. You can expect responsive and understanding service from us as your doctor home loan is processed.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154