People Driven Credit Union created the Doctors Advantage Fixed Mortgage to reward Michigan’s medical professionals with a home financing option that offers stability, competitive rates, and the financial breathing room they deserve. Whether you’re purchasing a primary residence, second home, or investment property, this program is built to support your future.
Membership and eligibility requirements apply, with approval subject to application, credit, and property considerations.
Why Choose the Doctors Advantage Fixed Mortgage?
Up to 100% financing available – No down payment required for qualified borrowers (CLTV/HCLTV up to 100%)
No Private Mortgage Insurance (PMI)
Fixed-rate stability – predictable payments for the life of your loan
No Loan-Level Price Adjustments (LLPAs) – Interest rate not increased based on common risk-based factors
Premium pricing and buydown options allowed
Loan amounts up to $1,000,000 (may vary by borrower qualifications and property type)
Minimum credit score: 740
Maximum debt-to-income ratio: 40%
Applications accepted beginning July 22, 2025. Program availability is subject to change without notice. Mortgage insurance may be required based on borrower qualifications—program terms and eligibility are subject to underwriting approval.
Who’s Eligible?
This program is designed for licensed medical professionals and eligible first responders, including:
-
Physicians (MD/DO), including Anesthesiologists
-
Dentists (DDS/DMD)
-
Pharmacists (PharmD)
-
Veterinarians (DVM)
-
Nurses
-
First Responders
Available for properties located in Michigan, including a primary residence, second home, or investment property.
Secure Your Home with Long-Term Stability
When your life and career require stability, a fixed-rate mortgage is a sensible choice. And with the added benefits of 100% financing and flexible underwriting, our Doctors Advantage Fixed Mortgage gives you the support you need to achieve your homeownership goals.
How the Doctors Advantage Fixed Mortgage works
The Doctors Advantage Fixed Mortgage is a conventional fixed-rate mortgage program created for eligible medical professionals and first responders. The interest rate stays the same for the life of the loan, which means your monthly principal and interest payment stays predictable over time.
Qualified borrowers may be eligible for up to 100% financing. Taxes, insurance, escrow amounts, and other housing costs may still change over time.
Best for
The Doctors Advantage Fixed Mortgage may be a good fit for eligible professionals who want a fixed-rate mortgage with strong financing options.
- Eligible Michigan medical professionals
- Eligible first responders
- Borrowers with strong credit and steady income
- Buyers who want a fixed principal and interest payment
- Qualified borrowers who want to finance up to 100% of the purchase price
- Eligible buyers purchasing a primary residence, second home, or investment property
- Borrowers comparing the Doctors Advantage Fixed Mortgage with the Doctors Advantage 7/1 ARM Mortgage
Loan details
Here is a quick look at how the Doctors Advantage Fixed Mortgage works.
| Feature | Doctors Advantage Fixed Mortgage |
|---|---|
| Program type | Conventional fixed-rate mortgage program |
| Eligible borrowers | Eligible medical professionals and first responders |
| Financing | Up to 100% financing for qualified borrowers |
| CLTV/HCLTV | Up to 100%, subject to program guidelines |
| Interest rate | Fixed for the life of the loan |
| Loan amount | Up to $1,000,000, depending on borrower qualifications and property type |
| Minimum credit score | 740 |
| Maximum debt-to-income ratio | 40% |
| Loan-level price adjustments | No LLPAs, subject to program guidelines |
| Mortgage insurance | Review current program guidelines with your mortgage loan officer |
| Property location | Michigan properties only |
| Approval | Subject to credit approval, property approval, income verification, program guidelines, and underwriting requirements |
Who may be eligible?
The Doctors Advantage Fixed Mortgage is designed for licensed medical professionals and eligible first responders. Eligibility depends on your profession, credit profile, income, debt-to-income ratio, property type, occupancy, loan amount, and underwriting requirements.
- Physicians, including MD and DO professionals
- Dentists, including DDS and DMD professionals
- Pharmacists, including PharmD professionals
- Veterinarians, including DVM professionals
- Nurses
- First responders
A mortgage loan officer can help confirm whether your profession and loan scenario meet current program requirements.
Property and occupancy requirements
The Doctors Advantage Fixed Mortgage may be available for eligible properties located in Michigan, including a primary residence, second home, or investment property.
Program restrictions apply. Based on current disclosure language, multi-unit properties, condos, townhomes, and manufactured homes are not eligible for this program. Property approval and underwriting requirements apply.
What 100% financing means
Up to 100% financing means qualified borrowers may be able to finance the full purchase price of an eligible property without making a down payment.
It does not mean there are no other homebuying costs. Buyers should still review closing costs, prepaid taxes, homeowners insurance, inspections, moving costs, and other expenses that may come with buying a home.
Your mortgage loan officer can help you estimate your monthly payment, cash needed to close, and whether this program fits your budget.
Doctors Advantage Fixed Mortgage vs. Doctors Advantage 7/1 ARM
People Driven Credit Union offers Doctors Advantage mortgage options for eligible borrowers. The right fit depends on how long you plan to keep the property, how much payment stability you want, and whether a fixed-rate or adjustable-rate structure makes more sense for your goals.
| Mortgage Option | Best For | What to Know | Learn More |
|---|---|---|---|
| Doctors Advantage Fixed Mortgage | Eligible borrowers who want long-term principal and interest payment stability | The interest rate stays fixed for the life of the loan. You’re viewing this option. | You’re viewing this option |
| Doctors Advantage 7/1 ARM Mortgage | Eligible borrowers who may sell, refinance, or adjust their mortgage strategy before the rate adjusts | The initial rate is fixed for a set period, then may adjust based on loan terms and market conditions. | View Doctors Advantage 7/1 ARM Mortgage |
Doctors Advantage vs. other mortgage options
The Doctors Advantage Fixed Mortgage is one of several mortgage options available through People Driven Credit Union and Member First Mortgage. The right fit depends on your profession, property type, credit profile, income, down payment, and long-term plans.
| Mortgage Option | Best For | What to Know | Learn More |
|---|---|---|---|
| Doctors Advantage Fixed Mortgage | Eligible medical professionals and first responders who want a fixed-rate mortgage | Profession, credit, DTI, property, and underwriting requirements apply. | You’re viewing this option |
| Doctors Advantage 7/1 ARM Mortgage | Eligible borrowers comparing an adjustable-rate Doctors Advantage option | The rate may change after the initial fixed-rate period. | View Doctors Advantage 7/1 ARM Mortgage |
| Zero Down Purchase Program | Eligible Michigan buyers who want to purchase with no down payment | Strong credit, DTI, property, and underwriting requirements apply. | View Zero Down Purchase Program |
| Fannie Mae Fixed Rate Mortgage | Borrowers comparing conventional fixed-rate mortgage options | Down payment, PMI, and underwriting requirements vary by borrower and program. | View Fannie Mae Fixed Rate Mortgage |
| Freddie Mac Fixed Rate Mortgage | Borrowers who want a conventional fixed-rate mortgage with predictable principal and interest payments | Program guidelines vary by borrower, property, and loan scenario. | View Freddie Mac Fixed Rate Mortgage |
Meet Our Mortgage Loan Officer
Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.
Michelle Dzon
Member First Mortgage, LLC (MFM)michelle.dzon@memberfirstmortgage.com
Connect with Michelle
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727
How to apply for a Doctors Advantage Fixed Mortgage
You can start by requesting a personalized quote or applying online. A mortgage loan officer can help you review eligibility, compare loan options, estimate your payment, and understand your cash needed to close.
- Request a personalized mortgage quote
- Confirm your profession may be eligible
- Review fixed-rate and adjustable-rate options
- Gather income, asset, identification, and licensing documents
- Submit your mortgage application for review
- Review your approved loan terms before moving forward
Documents you may need
When you apply for a mortgage, you may need documents that help verify your identity, income, assets, employment, profession, and insurance information.
- Driver’s license or state-issued ID
- Most recent 30 days of pay stubs
- Last 2 years of W-2 forms
- Last 2 years of federal tax returns, if requested
- Most recent 2 months of bank statements, including all pages
- Professional license or employment documentation, if requested
- Documentation for additional income sources, if used
- Contact information for your homeowner’s insurance agent, if applicable
Additional documentation may be requested based on your loan type, income, property, profession, or financial situation.
Membership and mortgage eligibility
The Doctors Advantage Fixed Mortgage is available to qualifying People Driven Credit Union members. Membership is open to those who live, work, worship, or attend school in Michigan, plus relatives of current members.
A $5 Membership Share Savings deposit establishes membership. Membership and eligibility requirements apply. Mortgage approval is subject to credit approval, property approval, income verification, program guidelines, and underwriting requirements.
People Driven Credit Union is an Equal Housing Opportunity Lender. NMLS #776727.
Let’s get you home
Whether you’re fresh out of residency or well into your career, the Doctors Advantage Fixed Mortgage provides the security and simplicity you need. Let’s talk about how to get started.
Contact us today to speak with our lending expert:
Meet Our Mortgage Loan Officer
Michelle Dzon is authorized to act as an agent on behalf of People Driven Credit Union. Contact her for personalized assistance with your mortgage needs.
Michelle Dzon
Member First Mortgage, LLC (MFM)michelle.dzon@memberfirstmortgage.com
Connect with Michelle
616-301-1714 | NMLS ID: #401292 | People Driven Credit Union NMLS ID: #776727
Frequently asked questions
The Doctors Advantage Fixed Mortgage is a conventional fixed-rate mortgage program for eligible medical professionals and first responders. Qualified borrowers may be able to finance up to 100% of the purchase price with a fixed interest rate for the life of the loan.
This program is designed for eligible medical professionals and first responders, including physicians, dentists, pharmacists, veterinarians, nurses, and first responders. Program eligibility and underwriting requirements apply.
Qualified borrowers may be eligible for up to 100% financing, which means no down payment may be required. Other costs may still apply, including closing costs, prepaid taxes, insurance, inspections, and other homebuying expenses.
Yes. With the Doctors Advantage Fixed Mortgage, the interest rate is fixed for the life of the loan. Your monthly principal and interest payment stays the same, although taxes, insurance, escrow amounts, and other costs may change.
Loan amounts may be available up to $1,000,000, depending on borrower qualifications, property type, program guidelines, and underwriting approval.
The minimum credit score listed for the Doctors Advantage Fixed Mortgage is 740. Credit approval and underwriting requirements apply.
The maximum debt-to-income ratio listed for the Doctors Advantage Fixed Mortgage is 40%. Your full application and underwriting review determine final eligibility.
The program may be available for eligible Michigan properties, including a primary residence, second home, or investment property. Based on current disclosure language, multi-unit properties, condos, townhomes, and manufactured homes are not eligible. Property approval and underwriting requirements apply.
Mortgage insurance requirements should be reviewed with your mortgage loan officer. Current page language should be clarified so members understand whether PMI is waived, lender-paid, or required based on the final loan structure and program guidelines.
The Doctors Advantage Fixed Mortgage keeps the same interest rate for the life of the loan. The Doctors Advantage 7/1 ARM Mortgage has an initial fixed-rate period, then the rate may adjust based on the loan terms and market conditions.
You can request a personalized quote or start an application online. You can also contact Michelle Dzon with Member First Mortgage for help reviewing your Doctors Advantage mortgage options.
Disclosures
Available to all eligible medical professional members using a conventional mortgage loan program on a purchase transaction with People Driven Credit Union in the State of Michigan. Not eligible on multi-unit properties, condos, townhomes, or manufactured houses. The Loan Example is current as of 9/9/2025 and based on a $200,000 loan amount with a conventional 30-year fixed rate term (360 monthly principal and interest payments of $1,231.43); 0% Down Payment; 6.25% Interest Rate with an Annual Percentage Rate (APR) of 6.465%. Rates quoted assume excellent borrower credit history. Payment example does not include taxes and insurance; the actual payment obligation will be higher. The cost of Private Mortgage Insurance (PMI) is waived as part of this promotion, to be paid by the Lender. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply. MFM is a partner of People Driven Credit Union. Michelle Dzon #401292, is authorized to act as agent of People Driven Credit Union (24333 Lahser Road, Southfield, MI 48033 | (248) 263.4100 | NMLS ID: 776727) and is authorized to represent MFM, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For licensing information, please visit www.nmlsconsumeraccess.org. Equal Housing Opportunity.
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