The Professional Mortgage Loan (PML) was designed to empower young qualified professionals burdened with significant college debt and limited savings to acquire a home. This unique loan allows home financing with fewer restrictions than our conventional mortgage offerings.
If you’re a PA or NJ Professional with a credit score greater than 699*, you could take advantage of up to $1 million in financing to purchase a primary residence in either PA or NJ.
Program Features:
- As little as 3% down
- No mortgage insurance required
- Fixed and adjustable rates
- Deferred student loan payments may be excluded from debt to income
Eligible Professions Include:
- Accountants
- Attorneys
- Dentists
- Medical Doctors
- Nurses
- Occupational Therapists
- Optometrists
- Osteopaths
- Pediatricians
- Pharmacists
- Physical Therapists
- Teachers
- Veterinarians
*First Commonwealth will review qualifications and other program requirements with you.